CHALICE MINING LIMITED — Director's Dealing 2009

Nov 16, 2009

Appendix 3Y Change of Director’s Interest Notice

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	Dr Doug Jones
Date of last notice	18 September 2009

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(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Mrs Margaret Jones is the spouse of Dr DougJonesEburnean Superfund – Dr Jones is the trustee andbeneficiary of the Eburnean Superfund.
Date of change	16 November 2009
No. of securities held prior to change	185,000 fully paid ordinary shares
Class	Fully paid ordinary shares
Number acquired	1,250,000 unlisted options with and exerciseprice of 35 cents, a vesting date of 31 March 2010and an expiry date of 31 March 2014.1,250,000 unlisted options with and exerciseprice of 45 cents, a vesting date of 31 March 2011and an expiry date of 31 March 2014.

• 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	Nil
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	185,000 fully paid ordinary shares
	1,250,000 unlisted options with and exercise
	price of 35 cents, a vesting date of 31 March 2010
	and an expiry date of 31 March 2014.
	1,250,000 unlisted options with and exercise
	price of 45 cents, a vesting date of 31 March 2011
	and an expiry date of 31 March 2014.
Nature of change	Issue of unlisted options under the Company’s
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Employee Share Option Plan

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

Interest after change N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 3

11/3/2002