The young pairing both showed their prowess from outside their area with two powerful strikes against the Magpies to seal Bolton's second win on the road inside 48 hours.
On a glorious Friday evening in Lancashire, Chorley began the game with a leap in their stride and looked for an early goal when full back Adam Mather wrong footed Hayden White on the left hand side, but the Magpies number three dragged his shot wide of the far post.
Five minutes later, Wanderers created their first threat and showed their ruthlessness in front of goal with a stunning strike from Scottish teenager Fraser.
Collecting possession from 30-yards out, the former Celtic man unleashed an unstoppable strike which nestled in the top left hand corner, leaving goalkeeper Sam Ashton a spectator.
Bolton’s qualities were beginning to show, as they began to take a firm grip of their second pre-season friendly, with Samni Odelusi coming close with a second, only to be denied from close range by a late block.
The same man was again heavily involved in Bolton’s next attack, linking up well with Morgan Ferrier, winger Odelusi crashed a left footed effort over the crossbar.
Into the second half, and Bolton quickly raced out of the traps after finishing the opening 45 confidently.
Former Leicester City centre half Cian Bolger, wearing the captain’s armband, was left in acres of space at the back post following a corner but Sam Ashton reacted well to prevent his team falling behind with a low save.
As the half grew older, the non-league outfit began to move to ball around fluently and at a high tempo.
Their efforts were rewarded with an equaliser in the 54th minute, after Wanderers failed to deal with a corner, resulting in a simple tap in for centre half O’Brien.
The Magpies’ confidence continued to grow, and goalkeeper Jay Lynch was put to the test on a number of occasions for the remainder of the second half, but was equal to all efforts with a string of fine saves.
With 20 minutes remaining, Chorley found a way past Lynch, only to be denied by the left hand post when midfield maestro Tom Baker curled an ambitious 25-yard free-kick over the four man Bolton wall.
The Magpies were looking favourites to score the all-important third goal but against the run of play, Jamie Fullerton’s side hit the winner as substitute Youngs replicated Fraser’s opener with a corker of a strike from outside the penalty area to ensure Wanderers lifted the Harold Taylor Memorial Trophy.
Chorley: Ashton, Walmsley, Mather, Teague ©, O’Brien, Vermiglio, Roca, Baker, Cotterell, Hine, Jarvis. Subs: Stephenson, Whitam, O’Neil, Porya, Ince, Wildes, Cairns, Mason, Lunch, Davies, Procter.
Wanderers: Lynch, White, Kellett, Holding, Bolger, Gregus, Lester, Fraser, Ferrier, Wilkinson, Odelusi. Subs: Kelly, Bukran, Newby, Gibson, Youngs.