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CHALICE MINING LIMITED Capital/Financing Update 2018

Dec 6, 2018

64649_rns_2018-12-06_2b66d443-12a7-4e97-ad02-44ecd09684ba.pdf

Capital/Financing Update

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7 December 2018

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Update on Unlisted Share Options Post Capital Return

Chalice Gold Mines Limited (“Chalice” or “the Company”) (ASX: CHN | TSX: CXN) advises that, in accordance with the ASX Listing Rules and the rules of the Company’s Employee Share Option Plan, following the completion of the capital return, the exercise price of each option has been reduced by 4 cents.

The updated details of the Company’s unlisted options is set out below:

Details Number
Unlisted options expire 30 November 2019 @$0.21 1,000,000
Unlisted options expire 30 June 2019 @$0.21 500,000
Unlisted options expire 31 March 2021 @$0.18 2,000,000
Unlisted options expire 31 March 2021 @$0.16 2,000,000

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Leanne Stevens Company Secretary

For further information, please contact:

Alex Dorsch Managing Director Chalice Gold Mines Limited +61 8 9322 3960 [email protected]

Follow our communications: LinkedIn: https://au.linkedin.com/company/chalice-gold-mines Twitter: https://twitter.com/chalicegold

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