The fairies are not keeping it in plain sight, so unless you can discover the location of the chest, no, you can't make a run for it.
cheching with the others proves slim pickings. looking down the hole he tries to gauge the depth."Now this is an unexpected suprise" says Karl
"Permhapss an eesskape route?" suggests Jamalee, her gravelly voice ever present.
Karl and Jamalee both search their belongings for a light source.
"I have 3 sunrods on hand, 2 on itchy's pack saddle." says karl
Jamalee says, "I have access to some minor magical light of limited duration."