CHALICE MINING LIMITED — Director's Dealing 2009

Jun 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	12 June 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 relevant interest.	Mrs Margaret Jones is the spouse of Dr Doug Jones
Date of change	16 June 2009
No. of securities held prior to change	Nil 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	35,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$9,625 (35,000 at $0.275 per share)
No. of securities held after change	35,000 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.
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 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 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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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.

Appendix 3Y Page 3

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