CHALICE MINING LIMITED — Capital/Financing Update 2020

May 10, 2020

Market Announcement

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11 May 2020

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Chalice Gold Mines Limited (ASX: CHN) – Trading Halt

Description

The securities of Chalice Gold Mines Limited (‘CHN’) will be placed in trading halt at the request of CHN, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Thursday, 14 May 2020 or when the announcement is released to the market.

Issued by

Elizabeth Harris

Manager, Listings Compliance (Perth)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

11 May 2020 ASX Limited

11 May 2020

Ms Elizabeth Harris Manager, Listings Compliance (Perth) ASX Compliance Pty Limited Level 40, Central Park 152-158 St George’s Terrace Perth WA 6000

Email:tradinghaltsperth@asx.com.au

Dear Elizabeth

TRADING HALT REQUEST

Chalice Gold Mines Limited (“the Company”)(ASX:CHN|OTCQB: CGMLF), in accordance with ASX Listing Rule 17.1, requests the securities of the Company be placed in an immediate trading halt pending the release of an announcement in relation to a capital raising.

The Company anticipates making the above noted announcement prior to the commencement of trading on Thursday, 14 May 2020. The trading halt should remain in place until the earlier of commencement of trading on Thursday, 14 May 2020 or when the announcement referred to above is made.

The Company is not aware of any reason why the trading halt should not be granted or of any information necessary to inform the market about the trading halt.

This announcement has been authorised for release by Alex Dorsch, Managing Director.

Yours sincerely

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Jamie Armes

Company Secretary

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