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CHALICE MINING LIMITED Capital/Financing Update 2011

Dec 7, 2011

Capital/Financing Update

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8 December 2011

Australian Securities Exchange Limited Exchange Plaza 2 The Esplanade PERTH WA 6000

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Dear Sir

The Company advises that the following unlisted options have been forfeited:

Number of options: 1,000,000 Expiry date: 16 November 2011 Exercise price: 35 cents

Yours faithfully

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Richard Hacker Company Secretary