CHALICE MINING LIMITED — Director's Dealing 2010

Sep 23, 2010

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	8 June 2010

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.	Mrs Margaret Jones is the spouse of Dr DougJonesEburnean Superfund – Dr Jones is the trustee andbeneficiary of the Eburnean Superfund.D&M Jones Family Trust – Dr Jones is thetrustee
Date of change	21 – 23 September 2010
No. of securities held prior to change	235,000 fully paid ordinary shares1,250,000 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.
Class	Fully paid ordinary shares

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	61,278 ordinary shares
Number disposed	Nil
Value/Consideration	Total consideration was $25,737 (at 42 cents per
Note: If consideration is non-cash, provide details and estimatedvaluation	shares)
No. of securities held after change
	296,278 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	39,168 fully paid ordinary shares were acquired
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	pursuant to Chalice Gold Mines’ EntitlementsOffer Prospectus dated 16 August 2010.
	22,110 fully paid ordinary shares were acquired
	as a result of Mr Jones sub-underwriting a
	component of the shortfall in relation to the above
	mentioned Entitlements Offer.

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

			N/A	N/A	N/A	N/A
	Interest disposed		N/A
	Value/ConsideratioN If id	ni i h	N/A
	ote: conseraprovide details avaluation	ton s non-cas,nd an estimated
	Interest after chang	e	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 3

11/3/2002