CHALICE MINING LIMITED — Director's Dealing 2007

Jan 28, 2007

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
IABN	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	Tim R B Goyder
Date of last notice	24 January 2007

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 inferest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Plato Prospecting Pty Ltd (ACN 008 964 896). Tim Goyder is the sole Director and Shareholder of Plato Prospecting Ltd. Plato Prospecting Pty Ltd (ACN 008 964 896) as trustee for TRB Goyder Superannuation Fund. Tim Goyder is the sole Director and Shareholder of Plato Prospecting Ltd and a member of the TRB Goyder Superannuation Fund. Lotaka Pty Ltd (ACN 008 839 192). Tim Goyder is the sole Director and Shareholder of Lotaka Pty Ltd.
Date of change	24,25 and 29 January 2007
No. of securities held prior to change	11,516,108 ordinary shares 2,000,000 \$0.25 options exp 21 March 2011
Class	Fully paid ordinary shares Share options
Number acquired	287,900 fully paid ordinary shares (Plato) Prospecting Pty Ltd)
Number disposed	Nil

$\div$ See chapter 19 for defined terms.

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	An average of 12.6 cents per share for a total cost of \$36,326.36.
No. of securities held after change	11,804,008 ordinary shares 2,000,000 \$0.25 options exp 21 March 2011
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On market trade.

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 an estimated valuation	N/A
Interest after change	N/A

$+$ See chapter 19 for defined terms.