CHALICE MINING LIMITED — Director's Dealing 2009

Sep 8, 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	7 July 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	Mrs Margaret Jones is the spouse of Dr Doug
(including registered holder)	Jones
Note: Provide details of the circumstances giving rise to the relevant
interest.	Eburnean Superfund – Dr Jones is the trustee and
	beneficiary of the Eburnean Superfund.
Date of change	9 September 2009
No. of securities held prior to change	135,000 fully paid ordinary shares
	Subject to shareholder approval, 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.
	Subject to shareholder approval, 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.
Class	Fully paid ordinary shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	23,713
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$9,010 (23,713 at $0.38 per share)
No. of securities held after change	158,713 fully paid ordinary sharesSubject to shareholder approval, 1,250,000unlisted options with and exercise price of 35cents, a vesting date of 31 March 2010 and anexpiry date of 31 March 2014.Subject to shareholder approval, 1,250,000unlisted options with and exercise price of 45cents, a vesting date of 31 March 2011 and anexpiry date of 31 March 2014.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	On market purchase

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 whichinterest related prior to changeNote: Details are only required for acontract in relation to which the interesthas changed	N/A
Interest acquired	N/A
Interest disposed	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash,provide details and an estimatedvaluation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 3

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