CHALICE MINING LIMITED — Director's Dealing 2008

Jan 17, 2008

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

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	Tim R B Goyder
Date of last notice	4 September 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 interest	Plato Prospecting Pty Ltd (ACN 008 964 896).
(including registered holder)	Tim Goyder is the sole Director and Shareholder
Note: Provide details of the circumstances giving rise to the relevantinterest.	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	18 January 2008
No. of securities held prior to change	11,835,208 ordinary shares
	2,000,000 $0.25 unlisted options exp 21 March
	2011
Class	Fully paid ordinary shares
	Share options
Number acquired	1,139,283 fully paid ordinary shares (Plato
	ProspectingPtyLtd)

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/Consideration	An average of 14 cents per share for a total cost
Note: If consideration is non-cash, provide details and estimatedvaluation	of $159,500
No. of securities held after change	12,974,491 ordinary shares
	2,000,000 $0.25 unlisted options exp21 March
Nature of change	On market trade.
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2