CHALICE MINING LIMITED — Director's Dealing 2006

Jul 2, 2006

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	CHALICE GOLD MINES LIMITED
ABN	47 116 648 956

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Brvan W Alexander
Date of last notice	27 March 2006

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest	Archaean Exploration Services Pty Ltd (ACN:
(including registered holder)	094 140 486). Bryan Alexander is a Director and
Note: Provide details of the circumstances giving	Shareholder of Archaean Exploration Services
rise to the relevant interest.	Pty Ltd.
	Bryan Alexander as trustee for the Alexander
	Superannuation Fund.
Date of change	Effective 26 June 2006 with holding statements
	dispatched 29 June 2006.
No. of securities held prior to change	220,000 fully paid ordinary shares
Class	Fully paid ordinary shares
Number acquired	112,668
Number disposed	Nil
Value/Consideration	Nil
Note: If consideration is non-cash, provide details
and estimated valuation
No. of securities held after change	332,668

⁺ See chapter 19 for defined terms.

Nature of change	1 st tranche of Pro rata distribution of Chalice Gold
Example: on-market trade, off-market trade, Mines Limited shares from Uranium Equities
exercise of options, issue of securities under Limited (previously Bullion Minerals Limited)
dividend reinvestment plan, participation in buy- pursuant to Uranium Equities Limited
back	shareholder approval on 8 May 2006,
	representing 50% of total distribution. Shares are
	held in escrow for 2 years.

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash. provide details and estimated an valuation	N/A
Interest after change	N/A

$+$ See chapter 19 for defined terms.