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CHALICE MINING LIMITED Interim / Quarterly Report 2016

Jul 26, 2016

64649_rns_2016-07-26_0bd232e2-89f7-4959-a1fa-3b839afe66b8.pdf

Interim / Quarterly Report

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ASX Announcement
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June 2016 Quarterly Report

27 July 2016

Highlights:

  • Sale of the Cameron Gold Project in Canada to TSX-V listed First Mining Finance Corp for 32.26M shares in First Mining, unlocking significant value for the Company.

  • Chalice’s investment in First Mining had a market value of ~A$25M at 30 June 2016. Therefore, at financial year-end, Chalice had net cash and investments totalling ~A$63M (or 22c per share).

  • At closing on 26 July 2016, the First Mining shares were worth ~A$35M, A$10M more than on 30 June.

  • Subsequent to Quarter-end, Chalice commenced a share buy-back for up to 28.3M shares within 12 months.

  • Low-cost and potentially high-impact exploration initiative continues to ramp-up with drilling to commence as soon as possible at the Warrego North project in the Tennant Creek Mineral Field of the Northern Territory.

  • Significant ground positions secured in two of the world’s premier gold provinces with further applications and claims staked in the Yilgarn Craton of Western Australia and the Abitibi Terrane in Canada.

  • Agreements executed for the sale of two non-core exploration projects, Ardeen and Gnaweeda.

  • Chalice continues to target additional high-potential opportunities globally.

  • Appointment of respected Australian mining executive Morgan Ball as a non-executive Director.

Overview:

Chalice Gold Mines Limited (ASX: CHN: TSX: CXN – “Chalice” or “the Company”) is pleased to report on a successful quarter which saw the Company complete the sale of its 100%-owned Cameron Gold Project (“Cameron” or “the Project”) in Ontario, Canada to First Mining Finance Corp (TSX-V: FF) for 32.26 million shares. Chalice retains its exposure to the Cameron Project through its shareholding in First Mining, while maintaining a strong cash balance of approximately A$36 million to pursue other opportunities.

Chalice considers that First Mining would be better placed to unlock the value of the Cameron Project given its domicile in North America, its business model and the experience of its board and key management. In addition to retaining an indirect interest in Cameron, Chalice shareholders gain exposure to First Mining’s diversified portfolio of advanced gold exploration projects in central and eastern Canada, including the Springpole and Pickle Crow projects in Ontario, the Duquesne project in Quebec, and the Hope Brook project in Newfoundland.

The sale of the Cameron Project has unlocked significant value for the Company, with the First Mining shares having a market value of approximately A$25 million at 30 June 2016, and approximately A$35 million on 26 July 2016.

In addition to its primary objective of acquiring a significant resource project, Chalice continued to progress low-cost and potentially high-impact exploration initiatives during the quarter including a farm-in agreement with Meteoric Resources

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Chalice Gold Mines Limited, Level 2, 1292 Hay Street, West Perth, Western Australia T: +618 9322 3960 F: +618 9322 5800 E: [email protected]

www.chalicegold.com

at the Warrego North project and the application and staking of significant ground positions in two of the world’s premier gold provinces, the Yilgarn Craton in Western Australia and the Abitibi Terrane in Canada.

1. Sale of the Cameron Gold Project (Chalice 100%)

During the Quarter, the Company sold the Cameron Gold Project in Ontario, Canada, to First Mining Finance Corp (“First Mining”), a mineral property holding company listed on the TSX-V (TSX-V:FF) for 32,260,836 common shares which holding now represents approximately 6.5% of First Mining.

Chalice has also a 1% Net Smelter Return royalty over certain exploration licences within the Cameron Gold Project which are not encumbered by pre-existing royalties.

The shares in First Mining are subject to a statutory resale restriction in Canada for a four-month period from 9 June 2016. In addition, Chalice agreed to restrict the sale of the shares to not more than approximately one eighth of the total shares per month over the eight months following ending of the escrow period unless the sale is in a single block to a purchaser acceptable to First Mining.

2. Warrego North Farm-in Agreement

During the Quarter, Chalice secured a prospective copper-gold exploration opportunity adjacent to the historic high-grade Warrego copper-gold mine in the Tennant Creek Mineral Field of the Northern Territory after entering into a farm-in agreement with Meteoric Resources NL (ASX: MEI) (“Meteoric”) owner of Warrego North copper-gold project.

The farm-in agreement gives Chalice the right to earn up to a 70% interest by sole funding $800,000 in exploration expenditures. Chalice may earn an initial 51% by sole funding $400,000. Chalice is required to drill at least one diamond drill hole of at least 300m within 12 months before it can withdraw.

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Figure 1: Location map of Warrego North Project (EL23764) in the Tennant Creek Mineral Field

The project contains several high-priority exploration targets that include prominent magnetic anomalies identified by aeromagnetic surveys, and anomalous copper, bismuth and gold results from historical drilling.

Chalice plans to undertake an initial 2-hole (800m) Reverse Circulation/diamond drilling program as soon as relevant government approvals are obtained to test the Parakeet target at depth (~300m depth) as shown in Figure 2. Drilling is

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targeted to test an overlapping magnetic and gravity inversion model where it is interpreted to intersect an apparent trend of anomalous low-grade copper-gold-bismuth mineralisation associated with typical Tennant Creek-style iron oxide copper gold alteration as defined from previous RC drilling results.

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Figure 2: Parakeet target showing previous and proposed drilling and interpreted mineralised structure on a TMI image.

3. New Exploration Initiative

As part of the Company’s strategy of identifying low-cost and potentially high-impact exploration opportunities in highquality jurisdictions, Chalice has recently applied for extensive tenement positions in two of the world’s leading gold provinces, the Yilgarn Craton of Western Australia and the Abitibi terrane of the Superior Craton, eastern Canada.

This exploration initiative is consistent with one of Chalice’s core strategies, which is to identify and pursue innovative and low-cost generative exploration opportunities with the potential to deliver significant upside. These opportunities, including the Warrego North farm-in deal, can be advanced without detracting from the Company’s focus of acquiring a substantial resource asset.

Yilgarn Craton, Western Australia

During the Quarter, the Company applied for a further seven Exploration Licenses (“ELAs”) and 10 Prospecting Licenses (“PLAs”) in the Western Australian goldfields. To date, the total number of tenement applications made under the program is 13 ELAs and 13 PLAs which are grouped in 10 projects for a total of 1,479.9km2 under application in three main regions in the Yilgarn Craton as shown in Figure 3.

While this program is generative in nature, Chalice believes it offers good potential to leverage off the compilation of historical digital exploration data from these areas which the Company has access to. Chalice is reviewing previous exploration on the areas covered by the tenement applications with a view to being able to initiate field work when the applications are granted.

The tenement applications cover areas with indications of gold anomalism in the surface sampling datasets, and inferred extensions and trends in other WAMEX open file GIS datasets – including geology, aeromagnetic, regolith mapping and digital drill collar-only location datasets.

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Figure 3: Location plan of Chalice Gold Mines Ltd tenement applications, Yilgarn Craton, Western Australia.

Abitibi Terrane, Québec, Canada

The Company has staked a contiguous block of 303 claims totaling 16,930 Ha and extending over a 30km strike length of the Casa Berardi fault in the northern Abitibi terrane of the Superior Province. The land package is located between several significant gold deposits and was selected as an area which is considered prospective for orogenic gold mineralisation.

The geological attributes of this part of the Casa Beradi faults are interpreted to indicate a prospective setting for orogenic gold mineralisation include: (i) a significant bend in a late tectonic fault, (ii) preserved Timiskaming-type sediments in one or more fault panels, (iii) proximity to late tectonic intrusions; and (iv) proximity to historical gold deposits and occurrences.

Community engagement protocols are underway and field crews have begun mobilising ahead of the planned commencement in late July of a program of first-pass reconnaissance surface mapping, rock chip sampling and a soil sampling program to be undertaken over the coming months.

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Figure 4: Simplified geology of the Abitibi terrane showing location of new staking area in Québec, Canada.

4. Sale of Ardeen Gold Project, Ontario, Canada (51% interest)

During the Quarter, the Company entered into an agreement to sell its 51% interest in the Ardeen Gold Project (“the Project”), located in Ontario, Canada, to Kesselrun Resources Limited (TSXV: KES) (“Kesselrun”). Chalice acquired the Ardeen Project from Coventry Resources Inc. in 2014 along with the Cameron Gold Project.

In consideration, Kesselrun has agreed to issue the Company 2,040,000 common shares, which would have a current market value of approximately A$0.7 million. Following the completion, Chalice will hold approximately 5.5% of the issued and outstanding shares of Kesselrun. In addition, Chalice has also been granted Net Smelter Return royalties over certain mining claims ranging between 0.12% and 1% subject to certain buy-back clauses.

The shares to be issued by Kesselrun are subject to a statutory hold period of four months plus further provisions restricting the sale of shares to not more than approximately one tenth of the total per month over the following ten months except where the sale is in a single block to a purchaser acceptable to Kesselrun.

5. Sale of Gnaweeda Project, Western Australia, Australia (12.03% interest)

During the quarter, the sale of the Company’s 12.03% interest in the Gnaweeda Project progressed and was eventually completed in July with Chalice receiving 400,000 ordinary shares in Doray Minerals Limited, which have a current market value of approximately A$0.4 million.

6. Share buy-back

Chalice announced that it intended to undertake a discretionary on-market share buy-back of up to 28,271,080 ordinary shares as part of a capital management plan over the next 12 months. The Board will continue to assess the merits of this capital management initiative and keep the market informed in accordance with ASX listing rules. .

7. Nyanzaga Project, Tanzania – Entitlement to payment upon Commercial Mining

Following Chalice’s merger with Sub-Sahara Resources NL in 2009, Chalice became entitled to a payment of A$5 million upon commercial production at the Nyanzaga Project in Tanzania. Orecorp Limited (ASX: ORR), which is currently earning a 51% interest in Nyanzaga, have recently commenced a Scoping Study. Chalice sees this as a positive step towards the development of the Nyanzaga Project and increases the potential for this payment to be made.

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8. GeoCrystal Limited

The Company holds 9.68 million shares (~23%) in unlisted diamond explorer GeoCrystal Limited (www.geocrystal.com).

9. Tenement schedules

In accordance with ASX Listing Rule 5.3, please refer to Appendix 1 for listing of tenements.

10. Discussion on Quarterly Cash flow

Chalice’s cash was A$35.7 million at 30 June 2016 using a month end USD: AUD exchange rate of 0.74.

During the Quarter, the Company spent A$0.5 million (YTD: A$5 million) on exploration and evaluation activities, A$0.3 million (YTD: $1.3 million) on administration and overhead costs and A$1.0 million (YTD: A$2.0 million) on business development activities. Included in business development activities are costs of A$0.5 million relating to the sale of the Cameron Project.

The impact of foreign exchange rates on the Company’s USD cash balances was an exchange gain of A$0.8 million for the quarter (YTD: exchange gain – A$0.9 million).

Further details are available in the attached Appendix 5B.

11. Appointment of Non-executive Director

In June 2016, Chalice appointed experienced and highly-regarded Australian mining executive Mr Morgan Ball as a nonexecutive director of the Company. Mr Ball, who is a Chartered Accountant with more than 25 years of Australian and international experience in the resources, logistics and finance industries was most recently the Managing Director and, prior to that, Finance Director of BC Iron Limited.

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TIM GOYDER Managing Director 27 July 2016

For further information, please contact:

For media inquiries, please contact:

Tim Goyder Nicholas Read Chalice Gold Mines Limited Read Corporate Telephone +61 9322 3960 Telephone: +618 9388 1474

Competent Persons and Qualifying Persons Statement

The information in this report that relates to the Yilgarn Craton and Abitibi Terrane Projects is extracted from the announcement entitled “Chalice advances gold exploration initiatives in Australia and Canada” dated 4 July 2016 and the information that relates to the Warrego North Project is extracted from the announcement entitled “Chalice secures prospective copper-gold exploration opportunity in Tenant Creek Mineral Field, Northern Territory” dated 15 June 2016. Both announcements are available to view on www.chalicegold.com. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions in the market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s and Qualifying Persons findings are presented have not been materially modified from the original market announcement.

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Forward Looking Statements

This document may contain forward-looking information within the meaning of Canadian securities legislation and forwardlooking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, forward-looking statements). These forward-looking statements are made as of the date of this document and Chalice Gold Mines Limited (the Company) does not intend, and does not assume any obligation, to update these forward-looking statements.

Forward-looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events and include, but are not limited to, the results of business development activities which may result in a corporate transaction or investment, the actual number of shares and price which may be purchased pursuant to the share buy-back, the future share price performance of First Mining Finance Corp and Kesselrun Resources, , the likelihood of exploration success, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage.

In certain cases, forward-looking statements can be identified by the use of words such as plans, expects or does not expect, is expected, will, may would, budget, scheduled, estimates, forecasts, intends, anticipates or does not anticipate, or believes, or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors may include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of mineral resources; possible variations in mineral resources or ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Company’s interim and annual financial statements, all of which are filed and available for review on SEDAR at sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Accordingly, readers should not place undue reliance on forward-looking statements.

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Appendix 1 – Tenement schedules

The following information is provided in accordance with ASX Listing Rule 5.3 for the quarter ended 30 June 2016:

1. Listing of tenements held:

Location Project Tenement
No.
Registered Holder Nature of
interest
Australia Gnaweeda E51/0926 Chalice Gold Mines Limited and
Teck Australia PtyLtd
12.03%
E51/0927 Chalice Gold Mines Limited and
Teck Australia PtyLtd
12.03%
Canada Refer appendix 2.

2. Listing of tenements acquired (directly or beneficially) during the quarter:

Location Project Tenement
No.
Registered Holder Nature of
interest
Canada Refer appendix 3.

3. Tenements relinquished, reduced or lapsed (directly or beneficially) during the quarter:

Location Project Tenement
No.
Registered Holder Nature of
interest
Canada Refer appendix 4.

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Appendix 2 - Tenements held (Canada)

Ontario:

Project Claim Number Registered Holder Percentage
Ownership
Ardeen 1022635 Pele Gold Corporation 51%
Ardeen 1022636 Pele Gold Corporation 51%
Ardeen 1022637 Pele Gold Corporation 51%
Ardeen 1135465 Pele Gold Corporation 51%
Ardeen 1135466 Pele Gold Corporation 51%
Ardeen 1157496 Pele Gold Corporation 51%
Ardeen 1157497 Pele Gold Corporation 51%
Ardeen 1157666 Pele Gold Corporation 51%
Ardeen 1157667 Pele Gold Corporation 51%
Ardeen 1157668 Pele Gold Corporation 51%
Ardeen 1157670 Pele Gold Corporation 51%
Ardeen 1157671 Pele Gold Corporation 51%
Ardeen 1164874 Pele Gold Corporation 51%
Ardeen 1164875 Pele Gold Corporation 51%
Ardeen 1164876 Pele Gold Corporation 51%
Ardeen 1164877 Pele Gold Corporation 51%
Ardeen 1172315 Pele Gold Corporation 51%
Ardeen 1172316 Pele Gold Corporation 51%
Ardeen 1172317 Pele Gold Corporation 51%
Ardeen 1172340 Pele Gold Corporation 51%
Ardeen 1172345 Pele Gold Corporation 51%
Ardeen 1172346 Pele Gold Corporation 51%
Ardeen 1172347 Pele Gold Corporation 51%
Ardeen 1172348 Pele Gold Corporation 51%
Ardeen 1172349 Pele Gold Corporation 51%
Ardeen 1172350 Pele Gold Corporation 51%
Ardeen 1172355 Pele Gold Corporation 51%
Ardeen 1172356 Pele Gold Corporation 51%
Ardeen 1172365 Pele Gold Corporation 51%
Ardeen 1172366 Pele Gold Corporation 51%
Ardeen 1172367 Pele Gold Corporation 51%
Ardeen 1172368 Pele Gold Corporation 51%
Ardeen 1172369 Pele Gold Corporation 51%
Ardeen 1172375 Pele Gold Corporation 51%
Ardeen 1172385 Pele Gold Corporation 51%
Ardeen 1172386 Pele Gold Corporation 51%
Ardeen 1172387 Pele Gold Corporation 51%
Ardeen 1172388 Pele Gold Corporation 51%
Ardeen 1172395 Pele Gold Corporation 51%
Ardeen 1172396 Pele Gold Corporation 51%
Ardeen 1195937 Pele Gold Corporation 51%
Ardeen 1195940 Pele Gold Corporation 51%
Ardeen 1196147 Pele Gold Corporation 51%
Ardeen 1196239 Pele Gold Corporation 51%
Ardeen 1196240 Pele Gold Corporation 51%
Ardeen 1196870 Pele Gold Corporation 51%

9

Project Claim Number Registered Holder Percentage
Ownership
Ardeen 1196921 Pele Gold Corporation 51%
Ardeen 1196923 Pele Gold Corporation 51%
Ardeen 1196924 Pele Gold Corporation 51%
Ardeen 1202036 Pele Gold Corporation 51%
Ardeen 1202264 Pele Gold Corporation 51%
Ardeen 1202265 Pele Gold Corporation 51%
Ardeen 1202302 Pele Gold Corporation 51%
Ardeen 1205201 Pele Gold Corporation 51%
Ardeen 1205202 Pele Gold Corporation 51%
Ardeen 1205203 Pele Gold Corporation 51%
Ardeen 1205204 Pele Gold Corporation 51%
Ardeen 1205287 Pele Gold Corporation 51%
Ardeen 1209440 Pele Gold Corporation 51%
Ardeen 1209441 Pele Gold Corporation 51%
Ardeen 1209470 Pele Gold Corporation 51%
Ardeen 1209697 Pele Gold Corporation 51%
Ardeen 1209698 Pele Gold Corporation 51%
Ardeen 1209770 Pele Gold Corporation 51%
Ardeen 1210243 Pele Gold Corporation 51%
Ardeen 1210245 Pele Gold Corporation 51%
Ardeen 1210776 Pele Gold Corporation 51%
Ardeen 1210792 Pele Gold Corporation 51%
Ardeen 1215147 Pele Gold Corporation 51%
Ardeen 1215148 Pele Gold Corporation 51%
Ardeen 1215149 Pele Gold Corporation 51%
Ardeen 1215450 Pele Gold Corporation 51%
Ardeen 1215451 Pele Gold Corporation 51%
Ardeen 1215452 Pele Gold Corporation 51%
Ardeen 1215453 Pele Gold Corporation 51%
Ardeen 1215454 Pele Gold Corporation 51%
Ardeen 1215751 Pele Gold Corporation 51%
Ardeen 1215752 Pele Gold Corporation 51%
Ardeen 1215758 Pele Gold Corporation 51%
Ardeen 1215760 Pele Gold Corporation 51%
Ardeen 1215831 Pele Gold Corporation 51%
Ardeen 1215859 Pele Gold Corporation 51%
Ardeen 1217105 Pele Gold Corporation 51%
Ardeen 1224629 Pele Gold Corporation 51%
Ardeen 3001505 Pele Gold Corporation 51%
Ardeen 3001506 Pele Gold Corporation 51%
Ardeen 3001507 Pele Gold Corporation 51%
Ardeen 677468 Pele Gold Corporation 51%
Ardeen 677469 Pele Gold Corporation 51%
Ardeen 677470 Pele Gold Corporation 51%
Ardeen 677471 Pele Gold Corporation 51%
Ardeen 677472 Pele Gold Corporation 51%
Ardeen 677473 Pele Gold Corporation 51%
Ardeen 677474 Pele Gold Corporation 51%

10

Project Claim Number Registered Holder Percentage
Ownership
Ardeen 677475 Pele Gold Corporation 51%
Ardeen 677476 Pele Gold Corporation 51%
Ardeen 677477 Pele Gold Corporation 51%
Ardeen 677478 Pele Gold Corporation 51%
Ardeen 677479 Pele Gold Corporation 51%
Ardeen 786521 Pele Gold Corporation 51%
Ardeen 786522 Pele Gold Corporation 51%
Ardeen 786523 Pele Gold Corporation 51%
Ardeen 786524 Pele Gold Corporation 51%
Ardeen 786525 Pele Gold Corporation 51%
Ardeen 786526 Pele Gold Corporation 51%
Ardeen 786527 Pele Gold Corporation 51%
Ardeen 786528 Pele Gold Corporation 51%
Ardeen 786529 Pele Gold Corporation 51%
Ardeen 786541 Pele Gold Corporation 51%
Ardeen 786542 Pele Gold Corporation 51%
Ardeen 786543 Pele Gold Corporation 51%
Ardeen 786544 Pele Gold Corporation 51%
Ardeen 786545 Pele Gold Corporation 51%
Ardeen 813157 Pele Gold Corporation 51%
Ardeen 813158 Pele Gold Corporation 51%
Ardeen 813159 Pele Gold Corporation 51%
Ardeen 813160 Pele Gold Corporation 51%
Ardeen 813161 Pele Gold Corporation 51%
Ardeen 813162 Pele Gold Corporation 51%
Ardeen 813163 Pele Gold Corporation 51%
Ardeen 813164 Pele Gold Corporation 51%
Ardeen 813165 Pele Gold Corporation 51%
Ardeen 813166 Pele Gold Corporation 51%
Ardeen 835178 Pele Gold Corporation 51%
Ardeen 835179 Pele Gold Corporation 51%
Ardeen 835184 Pele Gold Corporation 51%
Ardeen 835185 Pele Gold Corporation 51%
Ardeen 835186 Pele Gold Corporation 51%
Ardeen 835187 Pele Gold Corporation 51%
Ardeen 835188 Pele Gold Corporation 51%
Ardeen 835189 Pele Gold Corporation 51%
Ardeen 835190 Pele Gold Corporation 51%
Ardeen 835195 Pele Gold Corporation 51%
Ardeen 835196 Pele Gold Corporation 51%
Ardeen 835197 Pele Gold Corporation 51%
Ardeen 835304 Pele Gold Corporation 51%
Ardeen 835305 Pele Gold Corporation 51%
Ardeen 835306 Pele Gold Corporation 51%
Ardeen 835307 Pele Gold Corporation 51%
Ardeen 835308 Pele Gold Corporation 51%
Ardeen 835309 Pele Gold Corporation 51%
Ardeen 835310 Pele Gold Corporation 51%

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Project Claim Number Registered Holder Percentage
Ownership
Ardeen 835311 Pele Gold Corporation 51%
Ardeen 835312 Pele Gold Corporation 51%
Ardeen 835313 Pele Gold Corporation 51%
Ardeen 863760 Pele Gold Corporation 51%
Ardeen 873515 Pele Gold Corporation 51%
Ardeen 873516 Pele Gold Corporation 51%
Ardeen 873517 Pele Gold Corporation 51%
Ardeen 873518 Pele Gold Corporation 51%
Ardeen 873519 Pele Gold Corporation 51%
Ardeen 873520 Pele Gold Corporation 51%
Ardeen 873522 Pele Gold Corporation 51%
RainyRiver 4254475 CoventryResources Ontario Inc. 100%
RainyRiver 4254476 CoventryResources Ontario Inc. 100%
RainyRiver 4254477 CoventryResources Ontario Inc. 100%
RainyRiver 4254478 CoventryResources Ontario Inc. 100%
RainyRiver 4254479 CoventryResources Ontario Inc. 100%
RainyRiver 4260559 CoventryRainyRiver Inc. 100%
RainyRiver 4260560 CoventryRainyRiver Inc. 100%
RainyRiver 4260561 CoventryRainyRiver Inc. 100%
RainyRiver 4260562 CoventryRainyRiver Inc. 100%
RainyRiver 4260563 CoventryRainyRiver Inc. 100%
RainyRiver 4214439 CoventryRainyRiver Inc. 100%
RainyRiver 4214438 CoventryRainyRiver Inc. 100%
RainyRiver 4214440 CoventryRainyRiver Inc. 100%
RainyRiver 4214441 CoventryRainyRiver Inc. 100%
RainyRiver 4214442 CoventryRainyRiver Inc. 100%
RainyRiver 4205814 CoventryRainyRiver Inc. 100%
RainyRiver 4205815 CoventryRainyRiver Inc. 100%
RainyRiver 4205816 CoventryRainyRiver Inc. 100%
RainyRiver 4205817 CoventryRainyRiver Inc. 100%
RainyRiver 4205818 CoventryRainyRiver Inc. 100%
RainyRiver 4250319 CoventryRainyRiver Inc. 100%
RainyRiver 4205809 CoventryRainyRiver Inc. 100%

Quebec:

Project Claim Number Registered Holder Ownership interest
Kinebik 2448108 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448109 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448110 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448111 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448112 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448113 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448114 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448115 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448116 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448117 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448118 Chalice Gold Mines(Quebec)Inc. 100%

12

Project Claim Number Registered Holder Ownership interest
Kinebik 2448119 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448120 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448121 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448122 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448123 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448124 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448125 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448126 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448127 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448128 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448129 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448130 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448131 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448132 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448133 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448134 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448135 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448136 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448137 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448138 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448139 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448140 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448141 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448142 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448143 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448144 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448145 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448146 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448147 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448148 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448149 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448150 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448151 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448152 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448153 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448154 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448155 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448156 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448157 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448158 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448159 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448160 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448161 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448162 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448163 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448164 Chalice Gold Mines(Quebec)Inc. 100%

13

Project Claim Number Registered Holder Ownership interest
Kinebik 2448165 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448166 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448167 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448168 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448169 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448170 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448171 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448172 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448173 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448174 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448175 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448176 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448177 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448178 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448179 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448180 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448181 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448182 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448183 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448184 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448185 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448186 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448187 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448188 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448189 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448190 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448191 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448192 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448193 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448194 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448195 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448196 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448197 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448198 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448199 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448200 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448201 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448202 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448203 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448204 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448205 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448206 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448207 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448409 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448410 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448411 Chalice Gold Mines(Quebec)Inc. 100%

14

Project Claim Number Registered Holder Ownership interest
Kinebik 2448412 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448413 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448414 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448415 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448416 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448417 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448418 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448419 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448420 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448421 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448422 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448423 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448424 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448425 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448426 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448427 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448428 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448429 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448430 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448431 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448432 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448433 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448434 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448435 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448436 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448437 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448438 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448439 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448440 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448441 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448442 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448443 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448444 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448445 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448446 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448447 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448448 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448449 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448450 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448451 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448452 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448453 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448454 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448455 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448456 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448457 Chalice Gold Mines(Quebec)Inc. 100%

15

Project Claim Number Registered Holder Ownership interest
Kinebik 2448458 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448459 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448460 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448461 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448462 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448463 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448464 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448465 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448466 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448467 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448468 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448469 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448470 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448471 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448472 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448473 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448474 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448475 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448476 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448477 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448478 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448479 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448480 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448481 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448482 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448483 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448484 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448485 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448486 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448487 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448488 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448489 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448490 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448491 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448492 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448493 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448494 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448495 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448496 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448497 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449277 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449278 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449279 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449280 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449281 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449282 Chalice Gold Mines(Quebec)Inc. 100%

16

Project Claim Number Registered Holder Ownership interest
Kinebik 2449283 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449284 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449285 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449286 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449287 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449288 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449289 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449290 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449291 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449292 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449293 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449294 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449295 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449296 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449297 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449298 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449299 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449300 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449301 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449302 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449303 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449304 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449305 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449306 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449307 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449308 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449309 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449310 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449311 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449312 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449313 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449314 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449315 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449316 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449317 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449318 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449319 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449320 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449321 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449322 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449323 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449324 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449325 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449326 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449327 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449328 Chalice Gold Mines(Quebec)Inc. 100%

17

Project Claim Number Registered Holder Ownership interest
Kinebik 2449329 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449330 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449331 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449332 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449333 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449334 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449335 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449336 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449337 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449338 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449339 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449340 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449341 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449342 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449343 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449344 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449345 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449346 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449347 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449348 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449349 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449350 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449351 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449352 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449353 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449354 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449355 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449356 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449357 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449358 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449359 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449360 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449361 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449362 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449363 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449364 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449365 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449366 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449367 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449368 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449369 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449370 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449371 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449372 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449373 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449374 Chalice Gold Mines(Quebec)Inc. 100%

18

Project Claim Number Registered Holder Ownership interest
Kinebik 2449375 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454112 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454113 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454308 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454309 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454310 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454311 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454312 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454313 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454314 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454315 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454316 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454317 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454318 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454319 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454320 Chalice Gold Mines(Quebec)Inc. 100%

19

Appendix 3 – Listing of tenements acquired (directly or beneficially) during the quarter

Ontario:

Project Claim Number Percentage ownership at beginning ofquarter Percentage ownership
at end ofquarter
South Cedartree 4257501 0% - earningin,option agreement 100%
South Cedartree 4257508 0% - earningin,option agreement 100%
South Cedartree 4257510 0% - earningin,option agreement 100%
South Cedartree 4257511 0% - earningin,option agreement 100%
South Cedartree 4257515 0% - earningin,option agreement 100%
South Cedartree 4257516 0% - earningin,option agreement 100%
South Cedartree 4257517 0% - earningin,option agreement 100%
South Cedartree 4260366 0% - earningin,option agreement 100%
South Cedartree 4260514 0% - earningin,option agreement 100%
South Cedartree 4266944 0% - earningin,option agreement 100%
South Cedartree 4260515 0% - earningin,option agreement 100%
South Cedartree 4260516 0% - earningin,option agreement 100%
South Cedartree 4263609 0% - earningin,option agreement 100%
South Cedartree 4272273 0% - earningin,option agreement 100%
South Cedartree 4266941 0% - earningin,option agreement 100%
South Cedartree 4266942 0% - earningin,option agreement 100%
South Cedartree 4266943 0% - earningin,option agreement 100%
South Cedartree 4254638 0% - earningin,option agreement 100%

Quebec:

Project Claim Number Registered Holder Ownershipinterest
Kinebik 2448108 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448109 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448110 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448111 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448112 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448113 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448114 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448115 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448116 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448117 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448118 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448119 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448120 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448121 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448122 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448123 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448124 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448125 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448126 Chalice Gold Mines(Quebec)Inc. 100%

20

Project Claim Number Registered Holder Ownershipinterest
Kinebik 2448127 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448128 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448129 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448130 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448131 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448132 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448133 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448134 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448135 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448136 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448137 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448138 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448139 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448140 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448141 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448142 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448143 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448144 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448145 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448146 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448147 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448148 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448149 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448150 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448151 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448152 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448153 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448154 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448155 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448156 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448157 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448158 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448159 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448160 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448161 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448162 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448163 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448164 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448165 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448166 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448167 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448168 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448169 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448170 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448171 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448172 Chalice Gold Mines(Quebec)Inc. 100%

21

Project Claim Number Registered Holder Ownershipinterest
Kinebik 2448173 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448174 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448175 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448176 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448177 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448178 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448179 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448180 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448181 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448182 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448183 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448184 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448185 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448186 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448187 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448188 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448189 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448190 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448191 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448192 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448193 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448194 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448195 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448196 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448197 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448198 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448199 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448200 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448201 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448202 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448203 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448204 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448205 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448206 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448207 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448409 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448410 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448411 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448412 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448413 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448414 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448415 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448416 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448417 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448418 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448419 Chalice Gold Mines(Quebec)Inc. 100%

22

Project Claim Number Registered Holder Ownershipinterest
Kinebik 2448420 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448421 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448422 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448423 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448424 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448425 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448426 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448427 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448428 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448429 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448430 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448431 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448432 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448433 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448434 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448435 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448436 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448437 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448438 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448439 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448440 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448441 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448442 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448443 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448444 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448445 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448446 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448447 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448448 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448449 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448450 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448451 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448452 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448453 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448454 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448455 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448456 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448457 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448458 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448459 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448460 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448461 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448462 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448463 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448464 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448465 Chalice Gold Mines(Quebec)Inc. 100%

23

Project Claim Number Registered Holder Ownershipinterest
Kinebik 2448466 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448467 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448468 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448469 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448470 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448471 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448472 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448473 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448474 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448475 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448476 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448477 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448478 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448479 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448480 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448481 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448482 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448483 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448484 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448485 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448486 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448487 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448488 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448489 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448490 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448491 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448492 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448493 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448494 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448495 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448496 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448497 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449277 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449278 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449279 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449280 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449281 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449282 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449283 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449284 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449285 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449286 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449287 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449288 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449289 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449290 Chalice Gold Mines(Quebec)Inc. 100%

24

Project Claim Number Registered Holder Ownershipinterest
Kinebik 2449291 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449292 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449293 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449294 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449295 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449296 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449297 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449298 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449299 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449300 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449301 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449302 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449303 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449304 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449305 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449306 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449307 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449308 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449309 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449310 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449311 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449312 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449313 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449314 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449315 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449316 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449317 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449318 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449319 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449320 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449321 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449322 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449323 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449324 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449325 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449326 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449327 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449328 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449329 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449330 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449331 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449332 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449333 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449334 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449335 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449336 Chalice Gold Mines(Quebec)Inc. 100%

25

Project Claim Number Registered Holder Ownershipinterest
Kinebik 2449337 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449338 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449339 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449340 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449341 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449342 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449343 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449344 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449345 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449346 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449347 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449348 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449349 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449350 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449351 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449352 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449353 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449354 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449355 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449356 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449357 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449358 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449359 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449360 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449361 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449362 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449363 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449364 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449365 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449366 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449367 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449368 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449369 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449370 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449371 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449372 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449373 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449374 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2449375 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454112 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454113 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454308 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454309 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454310 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454311 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454312 Chalice Gold Mines(Quebec)Inc. 100%

26

Project Claim Number Registered Holder Ownershipinterest
Kinebik 2454313 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454314 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454315 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454316 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454317 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454318 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454319 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454320 Chalice Gold Mines(Quebec)Inc. 100%

27

Appendix 4 – Tenements relinquished, reduced or lapsed (directly or beneficially) during the quarter

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder
Cameron Claim 4283921 Cameron Gold Operations Ltd
Cameron Claim 4283922 Cameron Gold Operations Ltd
Cameron Claim 4283923 Cameron Gold Operations Ltd
Cameron Claim 4283924 Cameron Gold Operations Ltd
Cameron Claim 4283925 Cameron Gold Operations Ltd
Cameron Claim 4283926 Cameron Gold Operations Ltd
Cameron Claim 4283927 Cameron Gold Operations Ltd
Cameron Claim 4283928 Cameron Gold Operations Ltd
Cameron Claim 4283929 Cameron Gold Operations Ltd
Cameron Claim 4283930 Cameron Gold Operations Ltd
Cameron Claim 4283931 Cameron Gold Operations Ltd
Cameron Claim 4283932 Cameron Gold Operations Ltd
Cameron Claim 4283933 Cameron Gold Operations Ltd
Cameron Claim 4283934 Cameron Gold Operations Ltd
Cameron Claim 4283935 Cameron Gold Operations Ltd
Cameron Claim 4283936 Cameron Gold Operations Ltd
Cameron Claim 4283937 Cameron Gold Operations Ltd
Cameron Claim 4283938 Cameron Gold Operations Ltd
Cameron Claim 4283939 Cameron Gold Operations Ltd
Cameron Claim 4283940 Cameron Gold Operations Ltd
Cameron Claim 4283941 Cameron Gold Operations Ltd
Cameron Claim 4283942 Cameron Gold Operations Ltd
Cameron Claim 4283943 Cameron Gold Operations Ltd
Cameron Claim 4283944 Cameron Gold Operations Ltd
Cameron Claim 4283945 Cameron Gold Operations Ltd
Cameron Claim 4283946 Cameron Gold Operations Ltd
Cameron Claim 4283947 Cameron Gold Operations Ltd
Cameron Claim 4283948 Cameron Gold Operations Ltd
Cameron Claim 4283949 Cameron Gold Operations Ltd
Cameron Claim 4283950 Cameron Gold Operations Ltd
Cameron Claim 1105444 Cameron Gold Operations Ltd
Cameron Claim 1105445 Cameron Gold Operations Ltd
Cameron Claim 1161574 Cameron Gold Operations Ltd
Cameron Claim 1161575 Cameron Gold Operations Ltd
Cameron Claim 1210120 Cameron Gold Operations Ltd
Cameron Claim 1210121 Cameron Gold Operations Ltd
Cameron Claim 1210122 Cameron Gold Operations Ltd
Cameron Claim 1210123 Cameron Gold Operations Ltd
Cameron Claim 1210124 Cameron Gold Operations Ltd
Cameron Claim 1210125 Cameron Gold Operations Ltd
Cameron Claim 1210126 Cameron Gold Operations Ltd
Cameron Claim 1210128 Cameron Gold Operations Ltd
Cameron Claim 1210129 Cameron Gold Operations Ltd
Cameron Claim 1210130 Cameron Gold Operations Ltd
Cameron Claim 1210131 Cameron Gold Operations Ltd
Cameron Claim 1210132 Cameron Gold Operations Ltd

28

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder
Cameron Claim 1210133 Cameron Gold Operations Ltd
Cameron Claim 1210134 Cameron Gold Operations Ltd
Cameron Claim 1210135 Cameron Gold Operations Ltd
Cameron Claim 1210136 Cameron Gold Operations Ltd
Cameron Claim 4248906 Cameron Gold Operations Ltd
Cameron Claim 4254297 Cameron Gold Operations Ltd
Cameron Claim 4255667 Cameron Gold Operations Ltd
Cameron Claim 4255668 Cameron Gold Operations Ltd
Cameron Claim 4255669 Cameron Gold Operations Ltd
Cameron Claim 4257392 Cameron Gold Operations Ltd
Cameron Claim 4258281 Cameron Gold Operations Ltd
Cameron Claim 4258282 Cameron Gold Operations Ltd
Cameron Claim 4258283 Cameron Gold Operations Ltd
Cameron Claim 4258284 Cameron Gold Operations Ltd
Cameron Claim 4258285 Cameron Gold Operations Ltd
Cameron Claim 4258286 Cameron Gold Operations Ltd
Cameron Claim 4258287 Cameron Gold Operations Ltd
Cameron Claim 4258288 Cameron Gold Operations Ltd
Cameron Claim 4258289 Cameron Gold Operations Ltd
Cameron Claim 4258290 Cameron Gold Operations Ltd
Cameron Claim 4258291 Cameron Gold Operations Ltd
Cameron Claim 4258292 Cameron Gold Operations Ltd
Cameron Claim 4258421 Cameron Gold Operations Ltd
Cameron Claim 4258422 Cameron Gold Operations Ltd
Cameron Claim 4258423 Cameron Gold Operations Ltd
Cameron Claim 4258424 Cameron Gold Operations Ltd
Cameron Claim 4258425 Cameron Gold Operations Ltd
Cameron Claim 4258426 Cameron Gold Operations Ltd
Cameron Claim 4258427 Cameron Gold Operations Ltd
Cameron Claim 4258428 Cameron Gold Operations Ltd
Cameron Claim 4258429 Cameron Gold Operations Ltd
Cameron Claim 4258430 Cameron Gold Operations Ltd
Cameron Claim 4258431 Cameron Gold Operations Ltd
Cameron Claim 4258432 Cameron Gold Operations Ltd
Cameron Claim 4258433 Cameron Gold Operations Ltd
Cameron Claim 4258434 Cameron Gold Operations Ltd
Cameron Claim 4258435 Cameron Gold Operations Ltd
Cameron Claim 4258436 Cameron Gold Operations Ltd
Cameron Claim 4258437 Cameron Gold Operations Ltd
Cameron Claim 4258438 Cameron Gold Operations Ltd
Cameron Claim 4258439 Cameron Gold Operations Ltd
Cameron Claim 4258440 Cameron Gold Operations Ltd
Cameron Claim 4258441 Cameron Gold Operations Ltd
Cameron Claim 4258442 Cameron Gold Operations Ltd
Cameron Claim 4258443 Cameron Gold Operations Ltd
Cameron Claim 4258444 Cameron Gold Operations Ltd
Cameron Claim 4258445 Cameron Gold Operations Ltd
Cameron Claim 4258446 Cameron Gold Operations Ltd

29

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder
Cameron Claim 4258447 Cameron Gold Operations Ltd
Cameron Claim 4258448 Cameron Gold Operations Ltd
Cameron Claim 4258449 Cameron Gold Operations Ltd
Cameron Claim 4258450 Cameron Gold Operations Ltd
Cameron Patented
miningclaim
PA8441, 42185-0720
(LT)
K2766 Cameron Gold Operations Ltd
Cameron Patented
miningclaim
PA8442, 42185-0722
(LT)
K2767 Cameron Gold Operations Ltd
Cameron Patented
miningclaim
PA8443, 42185-0724
(LT)
K2768 Cameron Gold Operations Ltd
Cameron Patented
miningclaim
PA9901, 42185-0726
(LT)
K4712 Cameron Gold Operations Ltd
Cameron MLO 10384 K4709 Cameron Gold Operations Ltd
Cameron MLO 10405 K4711 Cameron Gold Operations Ltd
Cameron MLO 10406 K4710 Cameron Gold Operations Ltd
Cameron MLO 10407 K4712 Cameron Gold Operations Ltd
Cameron MLO 3366 K2767 Cameron Gold Operations Ltd
Cameron MLO 3367 K2768 Cameron Gold Operations Ltd
Cameron MiningLease 108466 CLM289. Claims K527548-
K527567,Nucanolan Property
Cameron Gold Operations Inc.
Cameron MiningLease 108400 CLM305. Claim K465069-
K465075, K465351-K465358,
K519950-K519965, K561022-
K561025,K666295
Cameron Gold Operations Ltd
Cameron MiningLease 108400 CLM306, Claim K386816-
K386818, K386888-K386900,
K533901-K533908,K666294
Cameron Gold Operations Ltd
West Cedar Claim 3000802 Cameron Gold Operations Ltd
West Cedar Claim 3000803 Cameron Gold Operations Ltd
West Cedar Claim 3000804 Cameron Gold Operations Ltd
West Cedar Claim 1149862 Cameron Gold Operations Ltd
West Cedar Claim 1196649 Cameron Gold Operations Ltd
West Cedar Claim 3001240 Cameron Gold Operations Ltd
West Cedar Claim 3001298 Cameron Gold Operations Ltd
West Cedar Claim 3010497 Cameron Gold Operations Ltd
West Cedar Claim 3012199 Cameron Gold Operations Ltd
West Cedar Patented
miningclaim
42185-0208(LT) K9990 Cameron Gold Operations Ltd
West Cedar Patented
miningclaim
42185-0586(LT) K9991 Cameron Gold Operations Ltd
West Cedar Patented
miningclaim
42185-0585(LT) K9992 Cameron Gold Operations Ltd
West Cedar Patented
miningclaim
42185-0577(LT) K9993 Cameron Gold Operations Ltd
West Cedar Patented
miningclaim
42185-0587(LT) K9994 Cameron Gold Operations Ltd
West Cedar Patented
miningclaim
42185-0578(LT) K9995 Cameron Gold Operations Ltd
West Cedar Patented
miningclaim
42185-0579(LT) K9997 Cameron Gold Operations Ltd
West Cedar Patented
miningclaim
42185-0583(LT) K10010 Cameron Gold Operations Ltd
West Cedar Patented
miningclaim
42185-0796(LT) K10024 Cameron Gold Operations Ltd
West Cedar Patented
miningclaim
42185-0799(LT) K10025 Cameron Gold Operations Ltd
West Cedar Patented
miningclaim
42185-0801(LT) K10026 Cameron Gold Operations Ltd
West Cedar Patented
miningclaim
42185-0803(LT) K10027 Cameron Gold Operations Ltd

30

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder
West Cedar Patented
miningclaim
42185-0593(LT) K10028 Cameron Gold Operations Ltd
West Cedar Patented
miningclaim
42185-0594(LT) K10029 Cameron Gold Operations Ltd
West Cedar Patented
miningclaim
42185-0595(LT) K10030 Cameron Gold Operations Ltd
West Cedar Patented
miningclaim
42185-0588(LT) K9996 Cameron Gold Operations Ltd
West Cedar Patented
miningclaim
42185-0584(LT) K10011 Cameron Gold Operations Ltd
West Cedar Patented
miningclaim
42185-0580(LT) K10058 Cameron Gold Operations Ltd
West Cedar Patented
miningclaim
42185-0807(LT) K10000 Cameron Gold Operations Ltd
West Cedar Patented
miningclaim
42185-0581(LT) K9999 Cameron Gold Operations Ltd
West Cedar MLO 11143 K9990, K9992, K9993, K9996,
K9999, K10000, K10011,
K10058
Cameron Gold Operations Ltd
West Cedar MiningLease 107495 K314926, K351875-K351876,
K314928-K314931,K273821
Cameron Gold Operations Ltd
West Cedar MiningLease 107494 K314927, K314932, K351873,
K351874,K351877,K351878
Cameron Gold Operations Ltd
Cameron Gold Claim 4276513 Rubicon Minerals Corp.
Cameron Gold Claim 4276514 Rubicon Minerals Corp.
Cameron Gold Claim 4276515 Rubicon Minerals Corp.
Cameron Gold Claim 4276516 Rubicon Minerals Corp.
Cameron Gold Claim 4276517 Rubicon Minerals Corp.
Cameron Gold Claim 4276518 Rubicon Minerals Corp.
Cameron Gold Claim 4276519 Rubicon Minerals Corp.
Cameron Gold Claim 4276522 Rubicon Minerals Corp.
Cameron Gold Claim 4276523 Rubicon Minerals Corp.
Cameron Gold Claim 4267651 Rubicon Minerals Corp.
Cameron Gold Claim 4267652 Rubicon Minerals Corp.
Cameron Gold Claim 4283119 Rubicon Minerals Corp.
Cameron Gold Claim 4283120 Rubicon Minerals Corp.
Cameron Gold Claim 4283731 Rubicon Minerals Corp.
Cameron Gold Claim 4283732 Rubicon Minerals Corp.
Cameron Gold Claim 4283734 Rubicon Minerals Corp.
Cameron Gold Claim 4267653 Rubicon Minerals Corp.
Cameron Gold Claim 4277987 Rubicon Minerals Corp.
Cameron Gold Claim 4267654 Rubicon Minerals Corp.
Cameron Gold Claim 4267655 Rubicon Minerals Corp.
Cameron Gold Claim 4267656 Rubicon Minerals Corp.
Cameron Gold Claim 4267657 Rubicon Minerals Corp.
Cameron Gold Claim 4283735 Rubicon Minerals Corp.
Cameron Gold Claim 4283736 Rubicon Minerals Corp.
Cameron Gold Claim 4283737 Rubicon Minerals Corp.
Cameron Gold Claim 4283738 Rubicon Minerals Corp.
Cameron Gold Claim 4276506 Rubicon Minerals Corp.
Cameron Gold Claim 4276512 Rubicon Minerals Corp.
Cameron Gold Claim 4283111 Rubicon Minerals Corp.
Cameron Gold Claim 4283112 Rubicon Minerals Corp.
Cameron Gold Claim 4283113 Rubicon Minerals Corp.
Cameron Gold Claim 4283114 Rubicon Minerals Corp.

31

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder
Cameron Gold Claim 4283115 Rubicon Minerals Corp.
Cameron Gold Claim 4283116 Rubicon Minerals Corp.
Cameron Gold Claim 4283117 Rubicon Minerals Corp.
Cameron Gold Claim 4283118 Rubicon Minerals Corp.
Cameron Gold Claim 4274088 Rubicon Minerals Corp.
Cameron Gold Claim 4274089 Rubicon Minerals Corp.
Cameron Gold Claim 4274090 Rubicon Minerals Corp.
Cameron Gold Claim 4274091 Rubicon Minerals Corp.
Cameron Gold Claim 4274092 Rubicon Minerals Corp.
Cameron Gold Claim 4274093 Rubicon Minerals Corp.
Cameron Gold Claim 4274094 Rubicon Minerals Corp.
Cameron Gold Claim 4274095 Rubicon Minerals Corp.
Cameron Gold Claim 4274096 Rubicon Minerals Corp.
Cameron Gold Claim 4274074 Rubicon Minerals Corp.
Cameron Gold Claim 4276500 Rubicon Minerals Corp.
South Cedartree Claim 4257501 Cameron Gold Operations Ltd
South Cedartree Claim 4257508 Cameron Gold Operations Ltd
South Cedartree Claim 4257510 Cameron Gold Operations Ltd
South Cedartree Claim 4257511 Cameron Gold Operations Ltd
South Cedartree Claim 4257515 Cameron Gold Operations Ltd
South Cedartree Claim 4257516 Cameron Gold Operations Ltd
South Cedartree Claim 4257517 Cameron Gold Operations Ltd
South Cedartree Claim 4260366 Cameron Gold Operations Ltd
South Cedartree Claim 4260514 Cameron Gold Operations Ltd
South Cedartree Claim 4266944 Cameron Gold Operations Ltd
South Cedartree Claim 4260515 Cameron Gold Operations Ltd
South Cedartree Claim 4260516 Cameron Gold Operations Ltd
South Cedartree Claim 4263609 Cameron Gold Operations Ltd
South Cedartree Claim 4272273 Cameron Gold Operations Ltd
South Cedartree Claim 4266941 Cameron Gold Operations Ltd
South Cedartree Claim 4266942 Cameron Gold Operations Ltd
South Cedartree Claim 4266943 Cameron Gold Operations Ltd
South Cedartree Claim 4254638 Cameron Gold Operations Ltd
Kakagi Lake Claim 4260061 Cameron Gold Operations Ltd
Kakagi Lake Claim 4260065 Cameron Gold Operations Ltd
Kakagi Lake Claim 4260067 Cameron Gold Operations Ltd
Kakagi Lake Claim 4260068 Cameron Gold Operations Ltd
Kakagi Lake Claim 4260069 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282669 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282670 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282671 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282672 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282673 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282681 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282682 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282683 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282684 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282685 Cameron Gold Operations Ltd

32

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder
Kakagi Lake Claim 4282693 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282694 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282695 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282696 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282697 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282674 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282675 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282676 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282677 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282678 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282679 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282680 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282687 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282688 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282689 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282690 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282691 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282692 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282658 Cameron Gold Operations Ltd
Kakagi Lake Claim 4260059 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282651 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282652 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282653 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282654 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282655 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282659 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282660 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282661 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282662 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282663 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282664 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282665 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282666 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282667 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282668 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282699 Cameron Gold Operations Ltd
Kakagi Lake Claim 4282700 Cameron Gold Operations Ltd

33

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Rule 5.5

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013

Name of entity

Chalice Gold Mines Limited

ABN
47 116 648 956
Quarter ended (“current quarter”)
47 116 648 956 30 June 2016

Consolidated statement of cash flows

Cash flows related to operating activities
1.1
Receipts from product sales and related
debtors
1.2
Payments for (a) exploration & evaluation
(b) development
(c) production
(d) administration
1.3
Dividends received
1.4
Interest and other items of a similar nature
received
1.5
Interest and other costs of finance paid
1.6
Income taxes paid
1.7
Other (provide details if material)
Net Operating Cash Flows
Current quarter
$A’000
Year to date
(12 months)
$A’000
92
(467)
-
-
(244)
-
44
-
-
(971)
200
(4,960)
-
-
(1,256)
-
120
-
-
(2,015)
(1,546) (7,911)
Cash flows related to investing activities
1.8
Payment for purchases of:
(a) prospects
(b) equity investments
(c) other fixed assets
1.9
Proceeds from sale of:
(a) prospects
(b) equity investments
(c) other fixed assets
1.10
Loans to other entities
1.11
Loans repaid by other entities
1.12
Other (provide details if material)
Net investing cash flows
1.13
Total operating and investing cash flows
(carried forward)
-
-
-
-
-
-
-
-
-
-
-
(49)
2,908
-
1
-
-
-
- 2,860
(1,546) (5,051)
  • See chapter 19 for defined terms.

01/05/2010 Appendix 5B Page 1

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

1.13
Total operating and investing cash flows
(brought forward)
(1,546) (5,051)
Cash flows related to financing activities
1.14
Proceeds from issues of shares, options, etc.
1.15
Proceeds from sale of forfeited shares
1.16
Proceeds from borrowings
1.17
Repayment of borrowings
1.18
Dividends paid
1.19
Other (provide details if material)
Net financing cash flows
-
-
-
-
-
-
-
-
-
-
-
-
- -
Net increase (decrease) in cash held
1.20
Cash at beginning of quarter/year to date
1.21
Exchange rate adjustments to item 1.20
1.22
Cash at end ofquarter
(1,546)
36,521
759
(5,051)
39,865
920
35,734 35,734

Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities

1.23
1.24
Aggregate amount of payments to the parties included in item 1.2
Aggregate amount of loans to the parties included in item 1.10
Current quarter
$A'000
137
-
1.25 Explanation necessaryfor an understandingof the transactions
Item 1.7 - represents costs associated with business development activities for the quarter of $0.4
million and costs associated with the sale of the Cameron Project in Ontario, Canada, that
completed on 10 June 2016 ($0.5 million).
Item 1.9(a) – represents deferred consideration of US$2 million from China SFECO Group following
first gold pour from the Zara Project in Eritrea. The US$2 million represents the final
tranche for the sale of Chalice’s interest in the Zara Project.
Item 1.22 – USD cash held at the end of quarter ($17.5 million) is converted using a month end
USD:AUD exchange rate of 0.7443.
Item 1.23 - Amounts paid to related parties includes remuneration, directors’ fees and consulting
fees paid to directors.

Non-cash financing and investing activities

2.1 Details of financing and investing transactions which have had a material effect on
consolidated assets and liabilities but did not involve cash flows
On 10 June 2016, following shareholder approval at a general meeting of the Company held on 9
June 2016, the Company completed the sale of the Cameron Gold Project in Ontario, Canada to
TSX-V listed First Mining Finance Corporation (“First Mining”) for 32,260,836 common shares in First
Mining. At 30 June 2016 the closing price of the First Mining shares was C$0.76.
  • See chapter 19 for defined terms.

Appendix 5B Page 2

01/05/2013

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

  • 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

N/A

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1 Loan facilities
3.2 Credit standby arrangements
Amount available Amount used
$A’000 $A’000
Nil Nil
Nil Nil

Estimated cash outflows for next quarter

4.1
Exploration and evaluation
4.2
Development
4.3
Production
4.4
Administration
$A’000
900
-
-
320
Total 1,220

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as
shown in the consolidated statement of cash flows)
to the related items in the accounts is as follows.
Current quarter
$A’000
Previous quarter
$A’000
5.1
Cash on hand and at bank
5.2
Deposits at call
5.3
Bank overdraft
5.4
Other (provide details)
25,734 31,521
10,000 5,000
- -
- -
Total: cash at end of quarter(item 1.22) 35,734 36,521
  • See chapter 19 for defined terms.

01/05/2010 Appendix 5B Page 3

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Changes in interests in mining tenements and petroleum tenements

6.1
Interests in mining
tenements and
petroleum
tenements
relinquished,
reduced or lapsed
6.2
Interests in mining
tenements and
petroleum
tenements
acquired or
increased
Tenement reference and
location
Nature of
interest
(note(2))
Interest at
beginning of
quarter
Interest at end
of quarter
Canada:
Cameron Gold Project
-
Refer appendix 1
Canada:
Ontario
-
Refer appendix 2.
Quebec
-
Refer appendix 2

Issued and quoted securities at end of current quarter Description includes rate of interest and any redemption or conversion rights together with prices and dates.

Total number Number quoted Issue price per
security (see
note3) (cents)
Amount paid up
per security (see
note3) (cents)
7.1
Preference
+securities
(description)
7.2
Changes during
quarter
(a) Increases
through issues
(b) Decreases
through returns
of capital, buy-
backs,
redemptions
Nil Nil N/A N/A
N/A N/A N/A N/A
7.3
+Ordinary
securities
282,710,802 282,710,802 N/A N/A
  • See chapter 19 for defined terms.

Appendix 5B Page 4

01/05/2013

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

7.4
Changes during
quarter
(a) Increases
through issues
(b) Decreases
through returns
of capital, buy-
backs
Nil
Nil
Nil
Nil
N/A
N/A
N/A
N/A
7.5
+Convertible
debt
securities
(description)
7.6
Changes during
quarter
(a) Increases
through issues
(b) Decreases
through
securities
matured,
converted
Nil N/A N/A N/A
Nil
Nil
Nil
Nil
N/A
N/A
N/A
N/A
7.7
Options
(unlisted)
Performance
Rights
500,000 Nil Exercise price
$0.25
Expiry date
31 October 2017
1,747,682
4,069,554
Nil
Nil
N/A
N/A
30 June 2018
30 June 2019
7.8
Issued during
quarter
Options
Performance
Rights
7.9
Exercised
during quarter
Options
Performance
Rights
7.10
Expired during
quarter
Options
Performance
Rights
Nil Nil N/A N/A
Nil Nil N/A N/A
Nil Nil N/A N/A
Nil Nil N/A N/A
1,050,000 Nil $0.30 30 June 2016
Nil Nil N/A N/A
7.11
Debentures
(totals only)
Nil Nil
7.12
Unsecured
notes(totals
only)
Nil Nil
  • See chapter 19 for defined terms.

01/05/2010 Appendix 5B Page 5

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Compliance statement

  • 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).

  • 2 This statement does give a true and fair view of the matters disclosed.

Sign here:

==> picture [100 x 40] intentionally omitted <==

Date: 27 July 2016

(Company secretary)

Print name: Leanne Stevens

Notes

  • 1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

  • 2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

  • 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .

  • 4 The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.

  • 5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

== == == == ==

  • See chapter 19 for defined terms.

Appendix 5B Page 6

01/05/2013

Appendix 1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed

Project Tenement
Type
Patent, Pin
Number
Claim Number Nature of interest Interest at
beginning of
quarter
Interest at
end of
quarter
Cameron Claim 4283921 Owned 100% 0%
Cameron Claim 4283922 Owned 100% 0%
Cameron Claim 4283923 Owned 100% 0%
Cameron Claim 4283924 Owned 100% 0%
Cameron Claim 4283925 Owned 100% 0%
Cameron Claim 4283926 Owned 100% 0%
Cameron Claim 4283927 Owned 100% 0%
Cameron Claim 4283928 Owned 100% 0%
Cameron Claim 4283929 Owned 100% 0%
Cameron Claim 4283930 Owned 100% 0%
Cameron Claim 4283931 Owned 100% 0%
Cameron Claim 4283932 Owned 100% 0%
Cameron Claim 4283933 Owned 100% 0%
Cameron Claim 4283934 Owned 100% 0%
Cameron Claim 4283935 Owned 100% 0%
Cameron Claim 4283936 Owned 100% 0%
Cameron Claim 4283937 Owned 100% 0%
Cameron Claim 4283938 Owned 100% 0%
Cameron Claim 4283939 Owned 100% 0%
Cameron Claim 4283940 Owned 100% 0%
Cameron Claim 4283941 Owned 100% 0%
Cameron Claim 4283942 Owned 100% 0%
Cameron Claim 4283943 Owned 100% 0%
Cameron Claim 4283944 Owned 100% 0%
Cameron Claim 4283945 Owned 100% 0%
Cameron Claim 4283946 Owned 100% 0%
Cameron Claim 4283947 Owned 100% 0%
Cameron Claim 4283948 Owned 100% 0%
Cameron Claim 4283949 Owned 100% 0%
Cameron Claim 4283950 Owned 100% 0%
Cameron Claim 1105444 Owned 100% 0%
Cameron Claim 1105445 Owned 100% 0%
Cameron Claim 1161574 Owned 100% 0%
Cameron Claim 1161575 Owned 100% 0%
Cameron Claim 1210120 Owned 100% 0%
Cameron Claim 1210121 Owned 100% 0%
Cameron Claim 1210122 Owned 100% 0%
Cameron Claim 1210123 Owned 100% 0%
Cameron Claim 1210124 Owned 100% 0%
Cameron Claim 1210125 Owned 100% 0%
Cameron Claim 1210126 Owned 100% 0%
Cameron Claim 1210128 Owned 100% 0%
Cameron Claim 1210129 Owned 100% 0%
Cameron Claim 1210130 Owned 100% 0%
Cameron Claim 1210131 Owned 100% 0%
Cameron Claim 1210132 Owned 100% 0%
Project Tenement
Type
Patent, Pin
Number
Claim Number Nature of interest Interest at
beginning of
quarter
Interest at
end of
quarter
Cameron Claim 1210133 Owned 100% 0%
Cameron Claim 1210134 Owned 100% 0%
Cameron Claim 1210135 Owned 100% 0%
Cameron Claim 1210136 Owned 100% 0%
Cameron Claim 4248906 Owned 100% 0%
Cameron Claim 4254297 Owned 100% 0%
Cameron Claim 4255667 Owned 100% 0%
Cameron Claim 4255668 Owned 100% 0%
Cameron Claim 4255669 Owned 100% 0%
Cameron Claim 4257392 Owned 100% 0%
Cameron Claim 4258281 Owned 100% 0%
Cameron Claim 4258282 Owned 100% 0%
Cameron Claim 4258283 Owned 100% 0%
Cameron Claim 4258284 Owned 100% 0%
Cameron Claim 4258285 Owned 100% 0%
Cameron Claim 4258286 Owned 100% 0%
Cameron Claim 4258287 Owned 100% 0%
Cameron Claim 4258288 Owned 100% 0%
Cameron Claim 4258289 Owned 100% 0%
Cameron Claim 4258290 Owned 100% 0%
Cameron Claim 4258291 Owned 100% 0%
Cameron Claim 4258292 Owned 100% 0%
Cameron Claim 4258421 Owned 100% 0%
Cameron Claim 4258422 Owned 100% 0%
Cameron Claim 4258423 Owned 100% 0%
Cameron Claim 4258424 Owned 100% 0%
Cameron Claim 4258425 Owned 100% 0%
Cameron Claim 4258426 Owned 100% 0%
Cameron Claim 4258427 Owned 100% 0%
Cameron Claim 4258428 Owned 100% 0%
Cameron Claim 4258429 Owned 100% 0%
Cameron Claim 4258430 Owned 100% 0%
Cameron Claim 4258431 Owned 100% 0%
Cameron Claim 4258432 Owned 100% 0%
Cameron Claim 4258433 Owned 100% 0%
Cameron Claim 4258434 Owned 100% 0%
Cameron Claim 4258435 Owned 100% 0%
Cameron Claim 4258436 Owned 100% 0%
Cameron Claim 4258437 Owned 100% 0%
Cameron Claim 4258438 Owned 100% 0%
Cameron Claim 4258439 Owned 100% 0%
Cameron Claim 4258440 Owned 100% 0%
Cameron Claim 4258441 Owned 100% 0%
Cameron Claim 4258442 Owned 100% 0%
Cameron Claim 4258443 Owned 100% 0%
Cameron Claim 4258444 Owned 100% 0%
Cameron Claim 4258445 Owned 100% 0%
Cameron Claim 4258446 Owned 100% 0%

2

Project Tenement
Type
Patent, Pin
Number
Claim Number Nature of interest Interest at
beginning of
quarter
Interest at
end of
quarter
Cameron Claim 4258447 Owned 100% 0%
Cameron Claim 4258448 Owned 100% 0%
Cameron Claim 4258449 Owned 100% 0%
Cameron Claim 4258450 Owned 100% 0%
Cameron Patented
miningclaim
PA8441, 42185-
0720(LT)
K2766 Owned 100% 0%
Cameron Patented
miningclaim
PA8442, 42185-
0722(LT)
K2767 Owned 100% 0%
Cameron Patented
miningclaim
PA8443, 42185-
0724(LT)
K2768 Owned 100% 0%
Cameron Patented
miningclaim
PA9901, 42185-
0726(LT)
K4712 Owned 100% 0%
Cameron MLO 10384 K4709 Owned 100% 0%
Cameron MLO 10405 K4711 Owned 100% 0%
Cameron MLO 10406 K4710 Owned 100% 0%
Cameron MLO 10407 K4712 Owned 100% 0%
Cameron MLO 3366 K2767 Owned 100% 0%
Cameron MLO 3367 K2768 Owned 100% 0%
Cameron MiningLease 108466 CLM289. Claims
K527548-K527567,
Owned 100% 0%
Cameron MiningLease 108400 l
CLM305. Claim
K465069-K465075,
K465351-K465358,
K519950-K519965,
Owned 100% 0%
Cameron MiningLease 108400 CLM306, Claim
K386816-K386818,
K386888-K386900,
Owned 100% 0%
West Cedar Claim 3000802 Owned 100% 0%
West Cedar Claim 3000803 Owned 100% 0%
West Cedar Claim 3000804 Owned 100% 0%
West Cedar Claim 1149862 Owned 100% 0%
West Cedar Claim 1196649 Owned 100% 0%
West Cedar Claim 3001240 Owned 100% 0%
West Cedar Claim 3001298 Owned 100% 0%
West Cedar Claim 3010497 Owned 100% 0%
West Cedar Claim 3012199 Owned 100% 0%
West Cedar Patented
miningclaim
42185-0208(LT) K9990 Owned 100% 0%
West Cedar Patented
miningclaim
42185-0586(LT) K9991 Owned 100% 0%
West Cedar Patented
miningclaim
42185-0585(LT) K9992 Owned 100% 0%
West Cedar Patented
miningclaim
42185-0577(LT) K9993 Owned 100% 0%
West Cedar Patented
miningclaim
42185-0587(LT) K9994 Owned 100% 0%
West Cedar Patented
miningclaim
42185-0578(LT) K9995 Owned 100% 0%
West Cedar Patented
miningclaim
42185-0579(LT) K9997 Owned 100% 0%
West Cedar Patented
miningclaim
42185-0583(LT) K10010 Owned 100% 0%
West Cedar Patented
miningclaim
42185-0796(LT) K10024 Owned 100% 0%
West Cedar Patented
miningclaim
42185-0799(LT) K10025 Owned 100% 0%
West Cedar Patented
miningclaim
42185-0801(LT) K10026 Owned 100% 0%
West Cedar Patented
miningclaim
42185-0803(LT) K10027 Owned 100% 0%

3

Project Tenement
Type
Patent, Pin
Number
Claim Number Nature of interest Interest at
beginning of
quarter
Interest at
end of
quarter
West Cedar Patented
miningclaim
42185-0593(LT) K10028 Owned 100% 0%
West Cedar Patented
miningclaim
42185-0594(LT) K10029 Owned 100% 0%
West Cedar Patented
miningclaim
42185-0595(LT) K10030 Owned 100% 0%
West Cedar Patented
miningclaim
42185-0588(LT) K9996 Owned 100% 0%
West Cedar Patented
miningclaim
42185-0584(LT) K10011 Owned 100% 0%
West Cedar Patented
miningclaim
42185-0580(LT) K10058 Owned 100% 0%
West Cedar Patented
miningclaim
42185-0807(LT) K10000 Owned 100% 0%
West Cedar Patented
miningclaim
42185-0581(LT) K9999 Owned 100% 0%
West Cedar MLO 11143 K9990, K9992, K9993,
K9996, K9999,
K10000, K10011,
K10058
Owned 100% 0%
West Cedar MiningLease 107495 K314926, K351875-
K351876, K314928-
K314931,K273821
Owned 100% 0%
West Cedar MiningLease 107494 K314927, K314932,
K351873, K351874,
K351877,K351878
Owned 100% 0%
Cameron Gold Claim 4276513 Earningin – option agreement 0% 0%
Cameron Gold Claim 4276514 Earningin – option agreement 0% 0%
Cameron Gold Claim 4276515 Earningin – option agreement 0% 0%
Cameron Gold Claim 4276516 Earningin – option agreement 0% 0%
Cameron Gold Claim 4276517 Earningin – option agreement 0% 0%
Cameron Gold Claim 4276518 Earningin – option agreement 0% 0%
Cameron Gold Claim 4276519 Earningin – option agreement 0% 0%
Cameron Gold Claim 4276522 Earningin – option agreement 0% 0%
Cameron Gold Claim 4276523 Earningin – option agreement 0% 0%
Cameron Gold Claim 4267651 Earningin – option agreement 0% 0%
Cameron Gold Claim 4267652 Earningin – option agreement 0% 0%
Cameron Gold Claim 4283119 Earningin – option agreement 0% 0%
Cameron Gold Claim 4283120 Earningin – option agreement 0% 0%
Cameron Gold Claim 4283731 Earningin – option agreement 0% 0%
Cameron Gold Claim 4283732 Earningin – option agreement 0% 0%
Cameron Gold Claim 4283734 Earningin – option agreement 0% 0%
Cameron Gold Claim 4267653 Earningin – option agreement 0% 0%
Cameron Gold Claim 4277987 Earningin – option agreement 0% 0%
Cameron Gold Claim 4267654 Earningin – option agreement 0% 0%
Cameron Gold Claim 4267655 Earningin – option agreement 0% 0%
Cameron Gold Claim 4267656 Earningin – option agreement 0% 0%
Cameron Gold Claim 4267657 Earningin – option agreement 0% 0%
Cameron Gold Claim 4283735 Earningin – option agreement 0% 0%
Cameron Gold Claim 4283736 Earningin – option agreement 0% 0%
Cameron Gold Claim 4283737 Earningin – option agreement 0% 0%
Cameron Gold Claim 4283738 Earningin – option agreement 0% 0%
Cameron Gold Claim 4276506 Earningin – option agreement 0% 0%
Cameron Gold Claim 4276512 Earningin – option agreement 0% 0%
Cameron Gold Claim 4283111 Earningin – option agreement 0% 0%
Cameron Gold Claim 4283112 Earningin – option agreement 0% 0%

4

Project Tenement
Type
Patent, Pin
Number
Claim Number Nature of interest Interest at
beginning of
quarter
Interest at
end of
quarter
Cameron Gold Claim 4283113 Earningin – option agreement 0% 0%
Cameron Gold Claim 4283114 Earningin – option agreement 0% 0%
Cameron Gold Claim 4283115 Earningin – option agreement 0% 0%
Cameron Gold Claim 4283116 Earningin – option agreement 0% 0%
Cameron Gold Claim 4283117 Earningin – option agreement 0% 0%
Cameron Gold Claim 4283118 Earningin – option agreement 0% 0%
Cameron Gold Claim 4274088 Earningin – option agreement 0% 0%
Cameron Gold Claim 4274089 Earningin – option agreement 0% 0%
Cameron Gold Claim 4274090 Earningin – option agreement 0% 0%
Cameron Gold Claim 4274091 Earningin – option agreement 0% 0%
Cameron Gold Claim 4274092 Earningin – option agreement 0% 0%
Cameron Gold Claim 4274093 Earningin – option agreement 0% 0%
Cameron Gold Claim 4274094 Earningin – option agreement 0% 0%
Cameron Gold Claim 4274095 Earningin – option agreement 0% 0%
Cameron Gold Claim 4274096 Earningin – option agreement 0% 0%
Cameron Gold Claim 4274074 Earningin – option agreement 0% 0%
Cameron Gold Claim 4276500 Earningin – option agreement 0% 0%
South Cedartree Claim 4257501 Owned 100% 0%
South Cedartree Claim 4257508 Owned 100% 0%
South Cedartree Claim 4257510 Owned 100% 0%
South Cedartree Claim 4257511 Owned 100% 0%
South Cedartree Claim 4257515 Owned 100% 0%
South Cedartree Claim 4257516 Owned 100% 0%
South Cedartree Claim 4257517 Owned 100% 0%
South Cedartree Claim 4260366 Owned 100% 0%
South Cedartree Claim 4260514 Owned 100% 0%
South Cedartree Claim 4266944 Owned 100% 0%
South Cedartree Claim 4260515 Owned 100% 0%
South Cedartree Claim 4260516 Owned 100% 0%
South Cedartree Claim 4263609 Owned 100% 0%
South Cedartree Claim 4272273 Owned 100% 0%
South Cedartree Claim 4266941 Owned 100% 0%
South Cedartree Claim 4266942 Owned 100% 0%
South Cedartree Claim 4266943 Owned 100% 0%
South Cedartree Claim 4254638 Owned 100% 0%
Kakagi Lake Claim 4260061 Owned 100% 0%
Kakagi Lake Claim 4260065 Owned 100% 0%
Kakagi Lake Claim 4260067 Owned 100% 0%
Kakagi Lake Claim 4260068 Owned 100% 0%
Kakagi Lake Claim 4260069 Owned 100% 0%
Kakagi Lake Claim 4282669 Owned 100% 0%
Kakagi Lake Claim 4282670 Owned 100% 0%
Kakagi Lake Claim 4282671 Owned 100% 0%
Kakagi Lake Claim 4282672 Owned 100% 0%
Kakagi Lake Claim 4282673 Owned 100% 0%
Kakagi Lake Claim 4282681 Owned 100% 0%
Kakagi Lake Claim 4282682 Owned 100% 0%
Kakagi Lake Claim 4282683 Owned 100% 0%

5

Project Tenement
Type
Patent, Pin
Number
Claim Number Nature of interest Interest at
beginning of
quarter
Interest at
end of
quarter
Kakagi Lake Claim 4282684 Owned 100% 0%
Kakagi Lake Claim 4282685 Owned 100% 0%
Kakagi Lake Claim 4282693 Owned 100% 0%
Kakagi Lake Claim 4282694 Owned 100% 0%
Kakagi Lake Claim 4282695 Owned 100% 0%
Kakagi Lake Claim 4282696 Owned 100% 0%
Kakagi Lake Claim 4282697 Owned 100% 0%
Kakagi Lake Claim 4282674 Owned 100% 0%
Kakagi Lake Claim 4282675 Owned 100% 0%
Kakagi Lake Claim 4282676 Owned 100% 0%
Kakagi Lake Claim 4282677 Owned 100% 0%
Kakagi Lake Claim 4282678 Owned 100% 0%
Kakagi Lake Claim 4282679 Owned 100% 0%
Kakagi Lake Claim 4282680 Owned 100% 0%
Kakagi Lake Claim 4282687 Owned 100% 0%
Kakagi Lake Claim 4282688 Owned 100% 0%
Kakagi Lake Claim 4282689 Owned 100% 0%
Kakagi Lake Claim 4282690 Owned 100% 0%
Kakagi Lake Claim 4282691 Owned 100% 0%
Kakagi Lake Claim 4282692 Owned 100% 0%
Kakagi Lake Claim 4282658 Owned 100% 0%
Kakagi Lake Claim 4260059 Owned 100% 0%
Kakagi Lake Claim 4282651 Owned 100% 0%
Kakagi Lake Claim 4282652 Owned 100% 0%
Kakagi Lake Claim 4282653 Owned 100% 0%
Kakagi Lake Claim 4282654 Owned 100% 0%
Kakagi Lake Claim 4282655 Owned 100% 0%
Kakagi Lake Claim 4282659 Owned 100% 0%
Kakagi Lake Claim 4282660 Owned 100% 0%
Kakagi Lake Claim 4282661 Owned 100% 0%
Kakagi Lake Claim 4282662 Owned 100% 0%
Kakagi Lake Claim 4282663 Owned 100% 0%
Kakagi Lake Claim 4282664 Owned 100% 0%
Kakagi Lake Claim 4282665 Owned 100% 0%
Kakagi Lake Claim 4282666 Owned 100% 0%
Kakagi Lake Claim 4282667 Owned 100% 0%
Kakagi Lake Claim 4282668 Owned 100% 0%
Kakagi Lake Claim 4282699 Owned 100% 0%
Kakagi Lake Claim 4282700 Owned 100% 0%

6

Appendix 2

Interests in mining tenements and petroleum tenements acquired or increased

Ontario:

Project Claim Number Nature of interest Interest at beginningofquarter Interest at end ofquarter
South Cedartree 4257501 Owned 0% - earningin,option agreement 100%
South Cedartree 4257508 Owned 0% - earningin,option agreement 100%
South Cedartree 4257510 Owned 0% - earningin,option agreement 100%
South Cedartree 4257511 Owned 0% - earningin,option agreement 100%
South Cedartree 4257515 Owned 0% - earningin,option agreement 100%
South Cedartree 4257516 Owned 0% - earningin,option agreement 100%
South Cedartree 4257517 Owned 0% - earningin,option agreement 100%
South Cedartree 4260366 Owned 0% - earningin,option agreement 100%
South Cedartree 4260514 Owned 0% - earningin,option agreement 100%
South Cedartree 4266944 Owned 0% - earningin,option agreement 100%
South Cedartree 4260515 Owned 0% - earningin,option agreement 100%
South Cedartree 4260516 Owned 0% - earningin,option agreement 100%
South Cedartree 4263609 Owned 0% - earningin,option agreement 100%
South Cedartree 4272273 Owned 0% - earningin,option agreement 100%
South Cedartree 4266941 Owned 0% - earningin,option agreement 100%
South Cedartree 4266942 Owned 0% - earningin,option agreement 100%
South Cedartree 4266943 Owned 0% - earningin,option agreement 100%
South Cedartree 4254638 Owned 0% - earningin,option agreement 100%

Quebec:

Project Claim Number Nature of interest Interest at beginningofquarter Interest at end ofquarter
Kinebik 2448108 Owned 0% 100%
Kinebik 2448109 Owned 0% 100%
Kinebik 2448110 Owned 0% 100%
Kinebik 2448111 Owned 0% 100%
Kinebik 2448112 Owned 0% 100%
Kinebik 2448113 Owned 0% 100%
Kinebik 2448114 Owned 0% 100%
Kinebik 2448115 Owned 0% 100%
Kinebik 2448116 Owned 0% 100%
Kinebik 2448117 Owned 0% 100%
Kinebik 2448118 Owned 0% 100%
Kinebik 2448119 Owned 0% 100%
Kinebik 2448120 Owned 0% 100%
Kinebik 2448121 Owned 0% 100%
Kinebik 2448122 Owned 0% 100%
Kinebik 2448123 Owned 0% 100%
Kinebik 2448124 Owned 0% 100%
Kinebik 2448125 Owned 0% 100%
Kinebik 2448126 Owned 0% 100%

7

Project Claim Number Nature of interest Interest at beginningofquarter Interest at end ofquarter
Kinebik 2448127 Owned 0% 100%
Kinebik 2448128 Owned 0% 100%
Kinebik 2448129 Owned 0% 100%
Kinebik 2448130 Owned 0% 100%
Kinebik 2448131 Owned 0% 100%
Kinebik 2448132 Owned 0% 100%
Kinebik 2448133 Owned 0% 100%
Kinebik 2448134 Owned 0% 100%
Kinebik 2448135 Owned 0% 100%
Kinebik 2448136 Owned 0% 100%
Kinebik 2448137 Owned 0% 100%
Kinebik 2448138 Owned 0% 100%
Kinebik 2448139 Owned 0% 100%
Kinebik 2448140 Owned 0% 100%
Kinebik 2448141 Owned 0% 100%
Kinebik 2448142 Owned 0% 100%
Kinebik 2448143 Owned 0% 100%
Kinebik 2448144 Owned 0% 100%
Kinebik 2448145 Owned 0% 100%
Kinebik 2448146 Owned 0% 100%
Kinebik 2448147 Owned 0% 100%
Kinebik 2448148 Owned 0% 100%
Kinebik 2448149 Owned 0% 100%
Kinebik 2448150 Owned 0% 100%
Kinebik 2448151 Owned 0% 100%
Kinebik 2448152 Owned 0% 100%
Kinebik 2448153 Owned 0% 100%
Kinebik 2448154 Owned 0% 100%
Kinebik 2448155 Owned 0% 100%
Kinebik 2448156 Owned 0% 100%
Kinebik 2448157 Owned 0% 100%
Kinebik 2448158 Owned 0% 100%
Kinebik 2448159 Owned 0% 100%
Kinebik 2448160 Owned 0% 100%
Kinebik 2448161 Owned 0% 100%
Kinebik 2448162 Owned 0% 100%
Kinebik 2448163 Owned 0% 100%
Kinebik 2448164 Owned 0% 100%
Kinebik 2448165 Owned 0% 100%
Kinebik 2448166 Owned 0% 100%
Kinebik 2448167 Owned 0% 100%
Kinebik 2448168 Owned 0% 100%
Kinebik 2448169 Owned 0% 100%
Kinebik 2448170 Owned 0% 100%
Kinebik 2448171 Owned 0% 100%
Kinebik 2448172 Owned 0% 100%

8

Project Claim Number Nature of interest Interest at beginningofquarter Interest at end ofquarter
Kinebik 2448173 Owned 0% 100%
Kinebik 2448174 Owned 0% 100%
Kinebik 2448175 Owned 0% 100%
Kinebik 2448176 Owned 0% 100%
Kinebik 2448177 Owned 0% 100%
Kinebik 2448178 Owned 0% 100%
Kinebik 2448179 Owned 0% 100%
Kinebik 2448180 Owned 0% 100%
Kinebik 2448181 Owned 0% 100%
Kinebik 2448182 Owned 0% 100%
Kinebik 2448183 Owned 0% 100%
Kinebik 2448184 Owned 0% 100%
Kinebik 2448185 Owned 0% 100%
Kinebik 2448186 Owned 0% 100%
Kinebik 2448187 Owned 0% 100%
Kinebik 2448188 Owned 0% 100%
Kinebik 2448189 Owned 0% 100%
Kinebik 2448190 Owned 0% 100%
Kinebik 2448191 Owned 0% 100%
Kinebik 2448192 Owned 0% 100%
Kinebik 2448193 Owned 0% 100%
Kinebik 2448194 Owned 0% 100%
Kinebik 2448195 Owned 0% 100%
Kinebik 2448196 Owned 0% 100%
Kinebik 2448197 Owned 0% 100%
Kinebik 2448198 Owned 0% 100%
Kinebik 2448199 Owned 0% 100%
Kinebik 2448200 Owned 0% 100%
Kinebik 2448201 Owned 0% 100%
Kinebik 2448202 Owned 0% 100%
Kinebik 2448203 Owned 0% 100%
Kinebik 2448204 Owned 0% 100%
Kinebik 2448205 Owned 0% 100%
Kinebik 2448206 Owned 0% 100%
Kinebik 2448207 Owned 0% 100%
Kinebik 2448409 Owned 0% 100%
Kinebik 2448410 Owned 0% 100%
Kinebik 2448411 Owned 0% 100%
Kinebik 2448412 Owned 0% 100%
Kinebik 2448413 Owned 0% 100%
Kinebik 2448414 Owned 0% 100%
Kinebik 2448415 Owned 0% 100%
Kinebik 2448416 Owned 0% 100%
Kinebik 2448417 Owned 0% 100%
Kinebik 2448418 Owned 0% 100%
Kinebik 2448419 Owned 0% 100%

9

Project Claim Number Nature of interest Interest at beginningofquarter Interest at end ofquarter
Kinebik 2448420 Owned 0% 100%
Kinebik 2448421 Owned 0% 100%
Kinebik 2448422 Owned 0% 100%
Kinebik 2448423 Owned 0% 100%
Kinebik 2448424 Owned 0% 100%
Kinebik 2448425 Owned 0% 100%
Kinebik 2448426 Owned 0% 100%
Kinebik 2448427 Owned 0% 100%
Kinebik 2448428 Owned 0% 100%
Kinebik 2448429 Owned 0% 100%
Kinebik 2448430 Owned 0% 100%
Kinebik 2448431 Owned 0% 100%
Kinebik 2448432 Owned 0% 100%
Kinebik 2448433 Owned 0% 100%
Kinebik 2448434 Owned 0% 100%
Kinebik 2448435 Owned 0% 100%
Kinebik 2448436 Owned 0% 100%
Kinebik 2448437 Owned 0% 100%
Kinebik 2448438 Owned 0% 100%
Kinebik 2448439 Owned 0% 100%
Kinebik 2448440 Owned 0% 100%
Kinebik 2448441 Owned 0% 100%
Kinebik 2448442 Owned 0% 100%
Kinebik 2448443 Owned 0% 100%
Kinebik 2448444 Owned 0% 100%
Kinebik 2448445 Owned 0% 100%
Kinebik 2448446 Owned 0% 100%
Kinebik 2448447 Owned 0% 100%
Kinebik 2448448 Owned 0% 100%
Kinebik 2448449 Owned 0% 100%
Kinebik 2448450 Owned 0% 100%
Kinebik 2448451 Owned 0% 100%
Kinebik 2448452 Owned 0% 100%
Kinebik 2448453 Owned 0% 100%
Kinebik 2448454 Owned 0% 100%
Kinebik 2448455 Owned 0% 100%
Kinebik 2448456 Owned 0% 100%
Kinebik 2448457 Owned 0% 100%
Kinebik 2448458 Owned 0% 100%
Kinebik 2448459 Owned 0% 100%
Kinebik 2448460 Owned 0% 100%
Kinebik 2448461 Owned 0% 100%
Kinebik 2448462 Owned 0% 100%
Kinebik 2448463 Owned 0% 100%
Kinebik 2448464 Owned 0% 100%
Kinebik 2448465 Owned 0% 100%

10

Project Claim Number Nature of interest Interest at beginningofquarter Interest at end ofquarter
Kinebik 2448466 Owned 0% 100%
Kinebik 2448467 Owned 0% 100%
Kinebik 2448468 Owned 0% 100%
Kinebik 2448469 Owned 0% 100%
Kinebik 2448470 Owned 0% 100%
Kinebik 2448471 Owned 0% 100%
Kinebik 2448472 Owned 0% 100%
Kinebik 2448473 Owned 0% 100%
Kinebik 2448474 Owned 0% 100%
Kinebik 2448475 Owned 0% 100%
Kinebik 2448476 Owned 0% 100%
Kinebik 2448477 Owned 0% 100%
Kinebik 2448478 Owned 0% 100%
Kinebik 2448479 Owned 0% 100%
Kinebik 2448480 Owned 0% 100%
Kinebik 2448481 Owned 0% 100%
Kinebik 2448482 Owned 0% 100%
Kinebik 2448483 Owned 0% 100%
Kinebik 2448484 Owned 0% 100%
Kinebik 2448485 Owned 0% 100%
Kinebik 2448486 Owned 0% 100%
Kinebik 2448487 Owned 0% 100%
Kinebik 2448488 Owned 0% 100%
Kinebik 2448489 Owned 0% 100%
Kinebik 2448490 Owned 0% 100%
Kinebik 2448491 Owned 0% 100%
Kinebik 2448492 Owned 0% 100%
Kinebik 2448493 Owned 0% 100%
Kinebik 2448494 Owned 0% 100%
Kinebik 2448495 Owned 0% 100%
Kinebik 2448496 Owned 0% 100%
Kinebik 2448497 Owned 0% 100%
Kinebik 2449277 Owned 0% 100%
Kinebik 2449278 Owned 0% 100%
Kinebik 2449279 Owned 0% 100%
Kinebik 2449280 Owned 0% 100%
Kinebik 2449281 Owned 0% 100%
Kinebik 2449282 Owned 0% 100%
Kinebik 2449283 Owned 0% 100%
Kinebik 2449284 Owned 0% 100%
Kinebik 2449285 Owned 0% 100%
Kinebik 2449286 Owned 0% 100%
Kinebik 2449287 Owned 0% 100%
Kinebik 2449288 Owned 0% 100%
Kinebik 2449289 Owned 0% 100%
Kinebik 2449290 Owned 0% 100%

11

Project Claim Number Nature of interest Interest at beginningofquarter Interest at end ofquarter
Kinebik 2449291 Owned 0% 100%
Kinebik 2449292 Owned 0% 100%
Kinebik 2449293 Owned 0% 100%
Kinebik 2449294 Owned 0% 100%
Kinebik 2449295 Owned 0% 100%
Kinebik 2449296 Owned 0% 100%
Kinebik 2449297 Owned 0% 100%
Kinebik 2449298 Owned 0% 100%
Kinebik 2449299 Owned 0% 100%
Kinebik 2449300 Owned 0% 100%
Kinebik 2449301 Owned 0% 100%
Kinebik 2449302 Owned 0% 100%
Kinebik 2449303 Owned 0% 100%
Kinebik 2449304 Owned 0% 100%
Kinebik 2449305 Owned 0% 100%
Kinebik 2449306 Owned 0% 100%
Kinebik 2449307 Owned 0% 100%
Kinebik 2449308 Owned 0% 100%
Kinebik 2449309 Owned 0% 100%
Kinebik 2449310 Owned 0% 100%
Kinebik 2449311 Owned 0% 100%
Kinebik 2449312 Owned 0% 100%
Kinebik 2449313 Owned 0% 100%
Kinebik 2449314 Owned 0% 100%
Kinebik 2449315 Owned 0% 100%
Kinebik 2449316 Owned 0% 100%
Kinebik 2449317 Owned 0% 100%
Kinebik 2449318 Owned 0% 100%
Kinebik 2449319 Owned 0% 100%
Kinebik 2449320 Owned 0% 100%
Kinebik 2449321 Owned 0% 100%
Kinebik 2449322 Owned 0% 100%
Kinebik 2449323 Owned 0% 100%
Kinebik 2449324 Owned 0% 100%
Kinebik 2449325 Owned 0% 100%
Kinebik 2449326 Owned 0% 100%
Kinebik 2449327 Owned 0% 100%
Kinebik 2449328 Owned 0% 100%
Kinebik 2449329 Owned 0% 100%
Kinebik 2449330 Owned 0% 100%
Kinebik 2449331 Owned 0% 100%
Kinebik 2449332 Owned 0% 100%
Kinebik 2449333 Owned 0% 100%
Kinebik 2449334 Owned 0% 100%
Kinebik 2449335 Owned 0% 100%
Kinebik 2449336 Owned 0% 100%

12

Project Claim Number Nature of interest Interest at beginningofquarter Interest at end ofquarter
Kinebik 2449337 Owned 0% 100%
Kinebik 2449338 Owned 0% 100%
Kinebik 2449339 Owned 0% 100%
Kinebik 2449340 Owned 0% 100%
Kinebik 2449341 Owned 0% 100%
Kinebik 2449342 Owned 0% 100%
Kinebik 2449343 Owned 0% 100%
Kinebik 2449344 Owned 0% 100%
Kinebik 2449345 Owned 0% 100%
Kinebik 2449346 Owned 0% 100%
Kinebik 2449347 Owned 0% 100%
Kinebik 2449348 Owned 0% 100%
Kinebik 2449349 Owned 0% 100%
Kinebik 2449350 Owned 0% 100%
Kinebik 2449351 Owned 0% 100%
Kinebik 2449352 Owned 0% 100%
Kinebik 2449353 Owned 0% 100%
Kinebik 2449354 Owned 0% 100%
Kinebik 2449355 Owned 0% 100%
Kinebik 2449356 Owned 0% 100%
Kinebik 2449357 Owned 0% 100%
Kinebik 2449358 Owned 0% 100%
Kinebik 2449359 Owned 0% 100%
Kinebik 2449360 Owned 0% 100%
Kinebik 2449361 Owned 0% 100%
Kinebik 2449362 Owned 0% 100%
Kinebik 2449363 Owned 0% 100%
Kinebik 2449364 Owned 0% 100%
Kinebik 2449365 Owned 0% 100%
Kinebik 2449366 Owned 0% 100%
Kinebik 2449367 Owned 0% 100%
Kinebik 2449368 Owned 0% 100%
Kinebik 2449369 Owned 0% 100%
Kinebik 2449370 Owned 0% 100%
Kinebik 2449371 Owned 0% 100%
Kinebik 2449372 Owned 0% 100%
Kinebik 2449373 Owned 0% 100%
Kinebik 2449374 Owned 0% 100%
Kinebik 2449375 Owned 0% 100%
Kinebik 2454112 Owned 0% 100%
Kinebik 2454113 Owned 0% 100%
Kinebik 2454308 Owned 0% 100%
Kinebik 2454309 Owned 0% 100%
Kinebik 2454310 Owned 0% 100%
Kinebik 2454311 Owned 0% 100%
Kinebik 2454312 Owned 0% 100%

13

Project Claim Number Nature of interest Interest at beginningofquarter Interest at end ofquarter
Kinebik 2454313 Owned 0% 100%
Kinebik 2454314 Owned 0% 100%
Kinebik 2454315 Owned 0% 100%
Kinebik 2454316 Owned 0% 100%
Kinebik 2454317 Owned 0% 100%
Kinebik 2454318 Owned 0% 100%
Kinebik 2454319 Owned 0% 100%
Kinebik 2454320 Owned 0% 100%

14