CHALICE MINING LIMITED — Capital/Financing Update 2019

Jul 22, 2019

23 July 2019

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Section 708A Notice – Issue of Shares

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Chalice Gold Mines Limited (“Chalice” or “the Company”) (ASX: CHN) (TSX: CXN) advises that on 18 July 2019, the Company issued 7,500,000 shares in consideration for the acquisition of the outstanding shares in North West Nickel Pty Ltd.

The Company gives notice pursuant to section 708A(5)(e) of the Corporations Act:

• a) the Issue was made without disclosure to investors under Part 6D.2 of the Corporations Act;

• b) as at the date of this Notice, the Company has complied with the provisions of chapter 2M of the Corporations Act as they apply to the Company and section 674 of the Corporations Act; and

• c) as announced on 3 July 2019, the Company has entered into an agreement to sell its wholly owned subsidiary, Chalice Gold Mines (Quebec) Inc. to O3 Mining Inc. (then called “Chantrell Ventures Corp.). The Company advises that the conditions precedent to the acquisition are well-progressed, and that it is anticipated that the transaction will be completed shortly. The Company will release a further update following completion.

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Leanne Stevens

Company Secretary

For further information, please visit chalicegold.com, or contact: Alex Dorsch Managing Director Chalice Gold Mines Limited +61 8 9322 3960 info@chalicegold.com

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