CHALICE MINING LIMITED — Capital/Financing Update 2021

Dec 7, 2021

INDEX ANNOUNCEMENT

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Treatment of Chalice Mining Limited Demerger within the S&P/ASX 200 Index

SYDNEY, DECEMBER 8, 2021: S&P Dow Jones Indices announced today that it will make the following changes in the S&P/ASX 200 Index, as a result of the scheme of arrangement under which Chalice Mining Limited (XASX: CHN) will spin-off Falcon Metals Limited (XASX: FAL).

Chalice Mining Limited will spin-off 1 share of Falcon Metals Limited for every 3.034 Chalice Mining Limited share held. Falcon Metals Limited will be added to the S&P/ASX 200 effective prior to the open of trading on December 10, 2021 at a zero price.

Falcon Metals Limited is expected to commence trading on December 22, 2021 and will be removed from the S&P/ASX 200 effective prior to the open of trading on December 23, 2021.

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INDEX ANNOUNCEMENT