The festival takes place on September 1 and September 2, with the dance act headlining the first night at the Royal Jersey Showgrounds on the island.
Noel Gallagher will close the event on September 2.
Co-organiser Warren Le Sueur said: "What a pair of headliners! Noel is a certified godlike genius, and he'll be playing a whole load of new music and classic Oasis songs, it's going to be very, very special!
"Chase & Status were just amazing here back in 2010 and they've gone on to become even bigger and better."
Primal Scream, Professor Green, The Stranglers, Devlin and Maverick Sabre are also on the lineup, with more acts expected to be announced in the near future.
Kaiser Chiefs and Macy Gray will headline the Guernsey Festival of Performing Arts next month.
Noel Gallagher will also perform at this year's T in the Park event in July.
Watch the video for Noel Gallagher's 'Dream On' below: