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CHALICE MINING LIMITED Capital/Financing Update 2010

Mar 14, 2010

64649_rns_2010-03-14_3803232f-691d-4590-b2d3-fcf539f90bf0.pdf

Capital/Financing Update

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MARKET RELEASE

15 March 2010

Chalice Gold Mines Limited

TRADING HALT

The securities of Chalice Gold Mines Limited (the “Company”) will be placed in pre-open at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Wednesday, 17 March 2010 or when the announcement is released to the market.

Security Code: CHN CHNN

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Matthew Foy Senior Adviser, Issuers

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CHALICE GOLD MINES LIMITED Level 2, 1292 Hay Street West Perth, Western Australia 6005

GPO Box 2890 Perth, Western Australia 6001 ABN 47 116 648 956 Phone: +618 9322 3960 Fax: +61 8 9322 5800 Email: [email protected] Web: www.chalicegold.com

15 March 2010

Mr Matthew Foy Australian Securities Exchange Exchange Plaza 2 The Esplanade Perth WA 6000

Dear Matthew

Chalice Gold Mines Limited requests a trading halt in its securities pending the release of an announcement in relation details of a capital raising.

We anticipate making an announcement prior to commencement of trading on Wednesday 17 March 2010.

We are not aware of any reason why the trading halt should not be granted.

Regards

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RICHARD HACKER Company Secretary