CHALICE MINING LIMITED — Director's Dealing 2009

Sep 6, 2009

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	27 August 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	Direct and indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Plato Prospecting Pty Ltd (ACN 008 964 896).Tim Goyder is the sole Director and Shareholderof Plato Prospecting Ltd.Plato Prospecting Pty Ltd (ACN 008 964 896) astrustee for TRB Goyder Superannuation Fund.Tim Goyder is the sole Director and Shareholderof Plato Prospecting Ltd and a member of theTRB Goyder Superannuation Fund.Lotaka Pty Ltd (ACN 008 839 192). Tim Goyderis the sole Director and Shareholder of Lotaka PtyLtd.
Date of change	4thto 7thSeptember 2009
No. of securities held prior to change	18,515,206 ordinary shares2,000,000 $0.25 unlisted options exp 21 March2011
Class	Fully paid ordinary shares

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Number acquired	1,250,000 fully paid ordinary shares
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$426,033.60 (average price of 34.08 cents pershare)
No. of securities held after change	19,765,206 ordinary shares2,000,000 $0.25 unlisted options exp 21 March2011
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
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 2