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CHALICE MINING LIMITED Interim / Quarterly Report 2017

Apr 27, 2017

64649_rns_2017-04-27_1471b03a-7820-45bc-9284-20a614c2f793.pdf

Interim / Quarterly Report

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28 April 2017

ASX Announcement

MARCH 2017 QUARTERLY ACTIVITIES REPORT

2017 exploration campaign ramps up with multiple drilling programs in Canada and Australia as Chalice strengthens its cash position and continues to target high-potential opportunities globally

Highlights:

  • Early stage drilling intersects high-grade gold within broader zones of lower-grade mineralisation at the East Cadillac Project in Quebec, Canada, confirming that the ‘5N’ and ‘5M’ structures have pronounced gold endowment.

  • High quality airborne magnetic-electromagnetic survey flown in April at the East Cadillac Project with data currently being processed to allow targeting of high priority structural positions.

  • Chalice expanded its ground-holding at the East Cadillac Project by staking contiguous claims south of the Larder Lake-Cadillac fault, ~35km east of the >20 million oz Val d’Or gold camp.

  • Preparation continues for an active 2017 field and drilling campaign at Warrego North (NT), Latitude Hill (WA), East Cadillac (Quebec), and West Pilbara (WA) projects within the next 3-4 months.

  • At the West Pilbara Project, a total of 130 rock-chip samples were taken across 9 prospects. Some samples show strong surficial copper mineralisation consisting of malachite, chalcopyrite and chalcocite in hydrothermal breccia zones. Assay results are expected to be received over the next two weeks.

  • During the Quarter, Chalice sold 8.9 million shares in First Mining Finance for gross revenue of A$8.3 million.

  • Chalice remains well-funded with cash of A$42.3 million, 9.3 million shares in First Mining Finance (TSX-V: FF) and 23.4 million shares in West African gold explorer Oklo Resources (ASX: OKU).

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

1. East Cadillac Gold Project, Quebec – Canada

Chalice’s East Cadillac Gold Project encompasses a contiguous ~16km strike length of the highly prospective Larder Lake-Cadillac fault in Quebec. It is located adjacent to the former producing Chimo gold mine at the eastern end of the prolific Archaean Abitibi greenstone belt, ~35km east of the >20 million oz Val d’Or gold camp.

Drilling

A total of four diamond drill holes for 1,005m were completed during the Quarter at the Nordeau West Extension target to test for a continuation of the mineralised structures hosting the Nordeau West gold deposit and the historical Chimo gold mine (see Figure 1). The drilling program was curtailed due to unfavourable weather conditions, with only four of the 10 planned drill holes completed. It is anticipated that drilling may re-commence later in the summer field program to coincide with a step-up in project-wide exploration activities.

Three of the four diamond drill holes were collared on one drill section 333,000mE with one hole completed on drill section 333,150mE. All of the holes intersected gold mineralisation associated with one or more of the 4B, ‘5N’ and ‘5M’ structures (see Figures 2, 3). Significant intersections are summarised in Table 1.

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

Gold mineralisation is associated with silica-sericite-chlorite-sulphide (arsenopyrite-pyrite) alteration zones within strongly deformed intermediate to mafic volcanics and tuffs of the Piche Volcanics. High-grade gold zones of 3-30g/t Au were intersected over widths of 0.5-1.1m and correlate with increased abundances of disseminated sulphides and/or quartz veining. Broad intervals (3-8.75m width) of 1-1.5 g/t Au are associated with strong alteration and veining with only minor sulphides.

Table 1. Significant diamond drill-hole intersections.

Hole_ID **From(m) ** To(m) Intersection Comments
ECG_17_001 246.5
253
260
289
294.25
318
247.5
255
261
297.75
295.25
318.5
1m @ 1.09 g/t Au
2m @ 1.28 g/t Au
1m @ 3.89 g/t Au
8.75m @ 1.04 g/t Au
(incl. 1m @ 3.08 g/t Au)
[email protected]/t Au
5N structure
As above
As Above
5M structure
Unassigned structure
ECG_17_002 19
22
85.9
90
23
23
87
91
4m @ 1.65 g/t Au
(incl. 1m @ 2.85 g/t Au)
1.1m @ 3.01 g/t Au
[email protected]/t Au
4B structure
5N structure
As above
ECG_17_003 211.2 212.2 [email protected]/t Au 5M structure
ECG_17_004 118
125
147.75
184
119.1
130
150
186.95
1.1m @ 1.97 g/t Au
5m @ 0.96 g/t Au
2.25m @ 1.7 g/t Au
[email protected]/t Au
5N structure
As above
As above
5M structure

The intersection of high-grade gold within broad zones of low-grade gold mineralisation in the 5N and 5M structures demonstrates that these two trends have a pronounced gold endowment. The next important step is to vector towards areas with potential for increased grade/width both laterally and down-dip along these two significant structures.

Work is underway on constructing a 3D model of geology, structure, alteration and mineralisation to assist with identifying local controls on gold mineralisation adjacent to existing deposits, and to identify areas elsewhere along the 16km of strike length of the Larder Lake-Cadillac fault that are prospective for gold mineralisation.

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Figure 1. Interpreted geology plan showing location of planned drill-hole collars

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Figure 2. Interpreted geological cross-section 333,000 mE, Nordeau West Extension

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Figure 3. Interpreted geological cross-section 333,150 mE, Nordeau West Extension

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New Claim Staking

Chalice has undertaken additional claim staking of 50.15km[2] contiguous with the southern margin of the East Cadillac Gold Project and the newly expanded project area now totals 107.4km[2] (see Figure 4).

Encouraging results from the 2016 surface sampling on claims staked in late 2016, together with the preliminary results from project compilation work currently in progress, have identified new targets along a potential subparallel trend in the Pontiac sediments. This new target is now covered by the recent claim staking.

==> picture [347 x 349] intentionally omitted <==

Figure 4. Current tenure for the East Cadillac Gold Project

Surface Geochemical Sampling

A program of geochemical sampling was undertaken in late 2016 over the Nordeau property including surface rock sampling for Au/induced couple plasma (ICP) and whole rock and spectral analysis, core sampling for Au/ICP, Whole Rock and spectral analysis, and surface mobile metal ion (MMI) soil sampling. A total of 426 soil samples were collected and analysed for gold and pathfinder elements using the MMI technique (see Figure 5). A total of 28 rock and core samples were analysed for gold using ICP, two for whole rock, 28 for Short Wave Infrared (SWIR) spectral analysis with a Halo sensor, and 12 samples for petrographic analysis.

The relatively restricted 2016 surface sampling program (Chalice only reached agreement on the Nordeau property in late 2016) delineated gold-silver-tungsten (Au-Ag-W) soil anomalies over the Nordeau East deposit as well as new, previously unrecognized targets to the north in the adjacent mafic volcanics and south of the Larder LakeCadillac fault over the Pontiac sediments (see Figure 5).

Chalice is encouraged by the identification of anomalous gold and pathfinder signatures over existing mineralisation at Nordeau East and also by the delineation of new targets areas within the highly prospective and underexplored

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greenstone belt succession. The results validate the Company’s belief that surface sampling is a cost-effective tool that can be applied in this district to potentially yield new, high-quality targets.

Chalice will re-commence surface sampling (soil and rock) and extend coverage over the entire project area as soon as ground conditions are suitable (anticipated to commence in late-May).

==> picture [406 x 314] intentionally omitted <==

Figure 5. Surface Au-Ag-W anomalies 2016 field sampling

Planned activities for the next quarter include a high-quality airborne magnetic-VLF survey (now completed) over the expanded tenement holding, a program of soil and rock geochemistry across the Chimo gold property (Richmont Option) and all recently pegged ground, and a LiDAR survey to assist with incorporating all of the historical exploration surveys.

2. Kinebik Gold Project, Quebec (Chalice 100%)

Work continued during the Quarter on the results of extensive surface sampling completed last field season including MMI soils, rock-chip, whole rock and SWIR spectral analysis.

MMI soil sampling has identified three geochemical anomalies with moderate to strong Au-Ag-W responses situated close to the Casa Berardi fault (see Figure 6). The anomalies are located within a pathfinder element gradient in the soil data that includes a molybdenum-bismuth (Mo-Bi) dominated “proximal” response above a buried late tectonic alkali intrusion, and a “distal” response dominated by arsenic-antimony (As-Sb) that extends from the proximal response west towards the gold anomalies.

Spectral (SWIR) analysis of rock samples has identified a classic white mica alteration response in the greywacke sediments above the buried intrusion. The white mica alteration grades laterally to the west into albite-dominated alteration adjacent to and along the Casa Berardi fault (Figure 7).

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Figure 6. MMI multi-element soil geochemical anomalies

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Figure 7. Spectral (SWIR) analysis of rock-chip samples

The pathfinder gradient and alteration mineralogy observed in spectral and soil sample analysis is interpreted to represent a potential fluid mixing gradient along second-order fluid pathways adjacent to the Casa Berardi fault.

The gradient is interpreted to represent pathfinder element distribution that occurs when ascending oxidizing fluids, spatially associated with the alkali intrusion, mix laterally with reduced fluids along the Casa Berardi fault resulting in potential gold deposition in the anomaly areas.

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3. Warrego North Joint Venture, NT (Chalice earning up to 70%)

The Warrego North Project is a farm-in and joint venture with Meteoric Resources Limited (ASX: MEI) in the Tennant Creek Mineral Field of the Northern Territory (NT) of Australia.

The Company is pleased to confirm that an RC/diamond drill rig is scheduled to arrive on site in late April to undertake a two-hole 800m combined RC/diamond drill program to test the Parakeet magnetic and gravity targets (Figure 8). The drilling program is expected to be completed within three weeks.

The target for the proposed drill holes is high-grade copper-gold-bismuth of the Tennant Creek-style ironstonehosted deposits. However, it has been demonstrated from recent gold discoveries in the Tennant Creek Mineral Field that hematite ironstones are also important host rock (e.g. Edna Beryl, Emmerson Resources) and these deposits have a weak to non-magnetic expression.

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Figure 8. Parakeet target showing previous and proposed drilling and interpreted mineralised structure on a TMI image.

4. Latitude Hill Project, WA (Chalice earning up to 70%)

The Latitude Hill Project is a farm-in and joint venture with Traka Resources Limited (ASX: TKL) (“Traka”) in the West Musgrave Province of Western Australia (WA) (Figure 9).

The Company is pleased to report that heritage surveys are expected to commence in mid-May and, subject to the grant of the five Exploration Licences, the first on-ground exploration is likely to commence in June with ground EM surveys over seven ‘Spectrem’ airborne EM conductors.

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Figure 9. Location of the Latitude Hill Project.

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Figure 10. Aeromagnetic image showing location of priority EM conductors.

5. West Pilbara Gold Project (Chalice earning up to 70%)

The West Pilbara Gold Project is a farm-in and joint venture with Red Hill Iron Limited (ASX: RHI) (“Red Hill”) located in the highly prospective Ashburton Mineral Field in the Western Australia Pilbara region.

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During the Quarter, a detailed desktop evaluation of all geological datasets identified five additional gold targets in addition to the previously identified Urandy, Ken’s Bore and Derek’s Bore gold prospects, as well as seven base metal targets for follow-up. A program of surface sampling was completed in early April to follow-up on all gold targets and high-priority base metal targets.

A total of 130 rock-chip samples were taken across nine prospects. Some samples show strong surficial copper mineralisation consisting of malachite, chalcopyrite and chalcocite in hydrothermal breccia zones. Assay results are expected to be received over the next two weeks.

Results of reconnaissance rock chip sampling competed last quarter at the Urandy, Ken’s Bore and Derek’s Bore’s prospects have been evaluated. Results at Ken’s Bore confirmed previous high-grade surface gold grades with assay results returning a peak gold value of 40.3g/t.

Follow-up RC drilling has been planned to test high-grade surface mineralisation at depth. Rock chip results from altered fault breccia zones at Derek’s Bore and Urandy returned weakly anomalous results. While the gold values are of low tenor, the rock samples displayed encouraging alteration, characteristic of hydrothermal gold systems.

6. Western Australia – Yilgarn Gold Projects (Chalice 100%)

During the Quarter, Chalice undertook systematic first-pass reconnaissance evaluation and surface sampling on its Dumbleyung (E70/4863, E70/4864, E70/4865 and E70/4866) and Southern Cross (E70/4869, E77/2353 and E77/2354) projects.

Results at Dumbleyung confirmed significant historical surface gold anomalism on two of the tenements (E70/4865, E70/4866) that requires follow-up exploration. Rock chip and soil results on E70/4863 and E70/4864 could not support historical anomalous results and as such are in the process of being relinquished.

Surface soil and rock chip sampling at Southern Cross returned encouraging results. A significant (1.5km x 200m) east-west trending gold in soil anomaly peaking at 299ppb gold was confirmed within E70/4869 and will require follow up drilling as an initial test of the target.

Detailed geological mapping and surface rock chip sampling within E77/2354 returned encouraging results with surface rock samples returning peak values up to 3.9g/t Au at the Felsteads Find prospect. Drill planning to further test the Felsteads Find prospect at depth is being planned along with attaining all necessary land access and government approvals required prior to drilling.

7. Acquisition of Interest in Oklo Resources Limited

During the Quarter, Chalice acquired a 9.7% interest in Oklo Resources Limited (ASX: OKU) (“Oklo”).

Oklo is an ASX-listed exploration company with a focus on its large landholding of eight gold projects covering 1,389km[2] in some of Mali’s most prolific greenstone belts.

Oklo’s flagship projects are concentrated in two key areas: West Mali (Dandoko, Moussala and Socaf) and South Mali (Yanfolila). Both groups of permits are located in the vicinity of multi-million ounce gold mining operations and recent discoveries.

8. Share buy-back

During the Quarter, Chalice continued to buy back shares pursuant to a discretionary on-market share buy-back of up to 28,271,080 ordinary shares as part of a capital management plan. To date, Chalice has purchased 20,317,266 shares at an average price of 17.7 cents.

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9. 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, has recently completed a positive Scoping Study.

Chalice sees this as a positive step towards the development of the Nyanzaga Project which increases the potential for this payment to be made.

10. GeoCrystal Limited

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

11. Tenement schedules

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

12. Discussion on Quarterly Cash flow

Chalice’s cash was A$42.3 million at 31 March 2017 using a month end USD: AUD exchange rate of 0.764. In addition, Chalice held 9.3 million shares in First Mining Finance Corp (TSX-V: FF) at 31 March 2017. During the Quarter, the Company reduced its exposure to its holding in First Mining Finance Corp (TSXV: FF) through the sale of 8.9 million shares for gross revenue of approximately A$8.3 million.

During the Quarter, the Company spent A$0.8 million (YTD: A$2.0 million) on exploration and evaluation activities, A$0.4 million (YTD: $1.1 million) on administration and corporate and staff costs, A$0.3 million (YTD: A$1.1 million) on business development activities and A$1.0 million (YTD: A$3.6 million) under the on-market share buyback facility. Total cash inflows from the sale of First Mining Shares during the quarter totaled $9.9 million (YTD: $19.7 million) and the Company spent $4.8 million (YTD: $4.8 million) to acquire a 9.7% interest in Oklo Resources Limited.

The impact of foreign exchange rates on the Company’s USD cash balances was an exchange loss of A$1.5 million for the quarter (YTD: exchange loss – A$0.7 million).

Further details are available in the attached Appendix 5B.

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TIM GOYDER Managing Director 28 April 2017

For further information, please contact: Tim Goyder Chalice Gold Mines Limited Telephone +61 9322 3960

For media inquiries, please contact: Nicholas Read Read Corporate Telephone: +618 9388 1474

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Competent Persons and Qualifying Persons Statement

The information in this report that relates to the Latitude Hill Project is extracted from the announcement entitled “Chalice secures farm-in agreement on west Musgrave Nickel-Copper-PGE Project, WA” dated 22 September 2016.

The above announcement is available to view on the Company’s website at 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 announcement 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.

The information in this report that relates to Exploration Results in relation to the East Cadillac Gold Project, the Kinebik Project, the West Pilbara Gold Project and the Yilgarn Gold Projects is based on information compiled by Dr. Kevin Frost BSc (Hons), PhD, who is a Member of the Australian Institute of Geoscientists. Dr. Frost is a full-time employee of the company and has sufficient experience in the field of activity being reported to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results and is a Qualified Person under National Instrument 43-101 – ‘Standards of Disclosure for Mineral Projects’. The Competent Person has verified the data disclosed in this release, including sampling, analytical and test data underlying the information contained in this release. Dr. Frost consents to the release of information in the form and context in which it appears here.

Forward Looking Statements

This document may contain forward-looking information within the meaning of Canadian securities legislation and forward-looking 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 Oklo Resources Limited, 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’, ‘potential’, ‘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 forwardlooking 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

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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 31 March 2017:

1. Listing of tenements held:

Location Project Tenement
No.
Registered Holder Nature of interest
Western Australia E37/1250 CGM (WA) Pty Ltd 100%
E39/1914 CGM (WA) Pty Ltd 100%
E77/2353 CGM (WA) Pty Ltd 100%
E77/2354 CGM (WA) Pty Ltd 100%
P39/5600 CGM (WA) Pty Ltd 100%
P39/5601 CGM (WA) Pty Ltd 100%
E39/1976 CGM (WA) Pty Ltd 100%
P37/8702 CGM (WA) Pty Ltd 100%
P37/8706 CGM (WA) Pty Ltd 100%
P37/8707 CGM (WA) Pty Ltd 100%
P37/8710 CGM (WA) Pty Ltd 100%
P37/8711 CGM (WA) Pty Ltd 100%
E70/4863 CGM (WA) Pty Ltd 100%
E70/4864 CGM (WA) Pty Ltd 100%
E70/4865 CGM (WA) Pty Ltd 100%
E70/4866 CGM (WA) Pty Ltd 100%
E70/4869 CGM (WA) Pty Ltd 100%
P37/8703 CGM (WA) Pty Ltd 100%
P37/8704 CGM (WA) Pty Ltd 100%
P37/8705 CGM (WA) Pty Ltd 100%
P37/8708 CGM (WA) Pty Ltd 100%
P37/8709 CGM (WA) Pty Ltd 100%
West Pilbara E08/1227 Red Hill Iron Limited – 40%
API Management Pty Ltd – 60%
0% - farm-in agreement,
right to earn up to 51%
or 70% as applicable (in
all minerals other than
iron ore)
E08/1283
E08/1289
E08/1293
E08/1294
E08/1295
E08/1430
E08/1473
E08/1516
E08/1537
E08/1141
E08/1693
Latitude Hill ELA69/2817 Traka Resources Limited
(application holder)
0% - farm-in agreement,
right to earn up to 51%
or 70% as applicable
ELA69/2610
ELA69/2592
ELA69/3421
ELA69/3399
Northern Territory Warrego North EL23764 Meteoric Resources NL 0% - farm-in agreement,
right to earn up to 51%
interest or 70% as
applicable
Canada Refer appendix 2.

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

Location Tenement
No.
Registered Holder Nature of interest
Western Australia E70/4863 CGM (WA) Pty Ltd 100%
E70/4864
E70/4865
E70/4866
E70/4869
P37/8703
P37/8704
P37/8705
P37/8708
P37/8709
Canada Refer appendix 3.

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

There were no tenements relinquished, reduced or lapsed during the quarter.

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Appendix 2 - Tenements held (Canada)

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%
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%

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Project Claim
Number
Registered Holder Ownership interest
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%
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%
Kinebik 2448420 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448421 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2448422 Chalice Gold Mines(Quebec)Inc. 100%

16

Project Claim
Number
Registered Holder Ownership interest
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%
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%

17

Project Claim
Number
Registered Holder Ownership interest
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%
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%

18

Project Claim
Number
Registered Holder Ownership interest
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%
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%

19

Project Claim
Number
Registered Holder Ownership interest
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%
Kinebik 2454863 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454864 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454865 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454866 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2454867 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466152 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466153 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466154 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466155 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466156 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466157 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466158 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466159 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466160 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466161 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466162 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466163 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466164 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466165 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466166 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466167 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466168 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466169 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466170 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466171 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466172 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466173 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466174 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466175 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2466176 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2468010 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2468011 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2468012 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2468013 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2470442 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2470443 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2470444 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2470445 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2470446 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2470447 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2470448 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2470449 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2470450 Chalice Gold Mines(Quebec)Inc. 100%

20

Project Claim
Number
Registered Holder Ownership interest
Kinebik 2470451 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2470452 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2470453 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2470454 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2470455 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2470456 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2470457 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2470458 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2470459 Chalice Gold Mines(Quebec)Inc. 100%
Kinebik 2470460 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2461488 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2461489 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2461490 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2461491 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2461492 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2461493 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2461494 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2461495 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2468029 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2468030 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2468031 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2468032 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2468033 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2468034 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2468035 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2468036 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2468037 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2468038 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2468039 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2468040 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2468041 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2468042 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2468043 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481223 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481224 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481225 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481226 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481227 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481228 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481229 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481230 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481231 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481232 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481233 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481234 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481235 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481236 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481237 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481238 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481239 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481240 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481241 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481242 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481243 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481244 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481245 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481246 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481247 Chalice Gold Mines(Quebec)Inc. 100%

21

Project Claim
Number
Registered Holder Ownership interest
East Cadillac 2481248 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481249 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481250 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481251 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481252 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481253 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481254 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481255 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481256 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481257 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481258 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481259 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481260 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481261 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481262 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481263 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481264 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481265 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481266 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481267 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481268 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481269 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481270 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481271 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481272 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481273 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481274 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481275 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481276 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481277 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481278 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481279 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481280 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481281 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481282 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481283 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481284 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481285 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481286 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481287 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481288 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481289 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481290 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481291 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481292 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481293 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481294 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481295 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481296 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481297 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481298 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481299 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481300 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2437791 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437792 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437793 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437794 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437795 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest

22

Project Claim
Number
Registered Holder Ownership interest
East Cadillac 2437796 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437797 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437798 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437799 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437800 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437801 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437802 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437803 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437804 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437805 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437806 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437807 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437808 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437809 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437810 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437811 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437862 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437863 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437864 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437865 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437866 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437867 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437868 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437869 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437870 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437871 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437872 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437873 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437912 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437913 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437914 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2437915 Globex MiningEnterprises Inc. 0% - earninginto a 100% interest
East Cadillac 2438798 Compagnie minière Baie Bateman inc. (40%)
Globex MiningEnterprises Inc.(60%)
0% - earning into a 100% interest
East Cadillac 2438799 Compagnie minière Baie Bateman inc. (40%)
Globex MiningEnterprises Inc.(60%)
0% - earning into a 100% interest
East Cadillac 2438800 Compagnie minière Baie Bateman inc. (40%)
Globex MiningEnterprises Inc.(60%)
0% - earning into a 100% interest
East Cadillac 2438801 Compagnie minière Baie Bateman inc. (40%)
Globex MiningEnterprises Inc.(60%)
0% - earning into a 100% interest
East Cadillac 2438802 Compagnie minière Baie Bateman inc. (40%)
Globex MiningEnterprises Inc.(60%)
0% - earning into a 100% interest
East Cadillac 2438803 Compagnie minière Baie Bateman inc. (40%)
Globex MiningEnterprises Inc.(60%)
0% - earning into a 100% interest
East Cadillac 2438804 Compagnie minière Baie Bateman inc. (40%)
Globex MiningEnterprises Inc.(60%)
0% - earning into a 100% interest
East Cadillac 2438805 Compagnie minière Baie Bateman inc. (40%)
Globex MiningEnterprises Inc.(60%)
0% - earning into a 100% interest
East Cadillac 2438806 Compagnie minière Baie Bateman inc. (40%)
Globex MiningEnterprises Inc.(60%)
0% - earning into a 100% interest
East Cadillac 2438807 Compagnie minière Baie Bateman inc. (40%)
Globex MiningEnterprises Inc.(60%)
0% - earning into a 100% interest
East Cadillac 2438808 Compagnie minière Baie Bateman inc. (40%)
Globex MiningEnterprises Inc.(60%)
0% - earning into a 100% interest
East Cadillac 2438809 Compagnie minière Baie Bateman inc. (40%)
Globex MiningEnterprises Inc.(60%)
0% - earning into a 100% interest
East Cadillac 2438810 Compagnie minière Baie Bateman inc. (40%)
Globex MiningEnterprises Inc.(60%)
0% - earning into a 100% interest

23

Project Claim
Number
Registered Holder Ownership interest
East Cadillac 2438811 Compagnie minière Baie Bateman inc. (40%)
Globex MiningEnterprises Inc.(60%)
0% - earning into a 100% interest
East Cadillac 2438935 Compagnie minière Baie Bateman inc. (40%)
Globex MiningEnterprises Inc.(60%)
0% - earning into a 100% interest
East Cadillac 2438936 Compagnie minière Baie Bateman inc. (40%)
Globex MiningEnterprises Inc.(60%)
0% - earning into a 100% interest
East Cadillac 2438937 Compagnie minière Baie Bateman inc. (40%)
Globex MiningEnterprises Inc.(60%)
0% - earning into a 100% interest
East Cadillac 2385084 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438140 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438141 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438142 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438143 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438144 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438145 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438146 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438147 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438148 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438149 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438150 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438151 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438152 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438153 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438154 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438155 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438156 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438157 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438158 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438159 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438160 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438161 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438162 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438163 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438164 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438165 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438166 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438167 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438168 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438169 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438170 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438171 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438172 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438173 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438174 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438175 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438176 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438177 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438178 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438179 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438180 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438181 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438182 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438183 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438184 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438185 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438186 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438187 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438188 Richmont Mines Inc. 0% - earninginto a 70% interest

24

Project Claim
Number
Registered Holder Ownership interest
East Cadillac 2438189 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438190 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438191 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438192 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438193 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438194 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438195 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438196 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438197 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438198 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438199 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438200 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438201 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438202 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438203 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438204 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438205 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438206 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438207 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438208 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438209 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438210 Richmont Mines Inc. 0% - earninginto a 70% interest
East Cadillac 2438211 Richmont Mines Inc. 0% - earninginto a 70% interest

25

Appendix 3 – Tenements acquired (directly or beneficially) during the quarter - Canada

Project Claim Number Registered Holder Ownership Interest
East Cadillac 2481223 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481224 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481225 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481226 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481227 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481228 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481229 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481230 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481231 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481232 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481233 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481234 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481235 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481236 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481237 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481238 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481239 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481240 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481241 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481242 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481243 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481244 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481245 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481246 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481247 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481248 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481249 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481250 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481251 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481252 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481253 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481254 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481255 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481256 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481257 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481258 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481259 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481260 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481261 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481262 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481263 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481264 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481265 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481266 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481267 Chalice Gold Mines(Quebec)Inc. 100%

26

Project Claim Number Registered Holder Ownership Interest
East Cadillac 2481268 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481269 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481270 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481271 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481272 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481273 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481274 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481275 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481276 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481277 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481278 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481279 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481280 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481281 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481282 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481283 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481284 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481285 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481286 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481287 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481288 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481289 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481290 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481291 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481292 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481293 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481294 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481295 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481296 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481297 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481298 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481299 Chalice Gold Mines(Quebec)Inc. 100%
East Cadillac 2481300 Chalice Gold Mines(Quebec)Inc. 100%

27

Appendix 4: JORC 2012 Table 1 East Cadillac Gold Project

Section 1: Sampling Techniques and Data

Criteria Explanation
Commentary
Sampling
techniques
Nature and quality of sampling (e.g. cut
channels, random chips, or specific specialised
industry standard measurement tools
appropriate to the minerals under
investigation, such as down hole gamma
sondes, or handheld XRF instruments, etc).
These examples should not be taken as limiting
the broad meaning of sampling.
Rock core samples collected using a diamond drill. Core is cut in half using a saw and the half
core is sent to the lab for analysis, with one half of the core retained in the core box.
Include reference to measures taken to ensure
sample representivity and the appropriate
calibration of any measurement tools or
systems used
For every 20 samples sent to the lab, there is one standard, one duplicate, and one blank sample
included within those 20. Duplicate samples are core that has been cut in half, and then the half
core cut in half once again, so that each duplicate represents one quarter of the core.
Aspects of the determination of mineralisation
that are Material to the Public Report. In cases
where ‘industry standard’ work has been done
this would be relatively simple (e.g. ‘reverse
circulation drilling was used to obtain 1 m
samples from which 3 kg was pulverised to
produce a 30 g charge for fire assay’). In other
cases more explanation may be required, such
as where there is coarse gold that has inherent
sampling problems. Unusual commodities or
mineralisation types (e.g. submarine nodules)
may warrant disclosure of detailed information
NQ diamond drilling was completed to obtain core which was cut and sent to ALS Chemex
laboratories for analysis. Gold is analyzed using ALS Chemex’s Au-AA23 method, which is the
analysis of a 30g crushed and homogenized sample using fire assay and atomic absorption. Any
sample which registers a value of greater than 10 ppm Au is run again using the Au-GRA21,
which analysis a 30g crushed and homogenized sample using fire assay with a gravimetric finish.
Drilling techniques Drill type (e.g. core, reverse circulation, open-
hole hammer, rotary air blast, auger, Bangka,
sonic, etc) and details (e.g. core diameter, triple
or standard tube, depth of diamond tails, face-
sampling bit or other type, whether core is
oriented and if so, by what method, etc).
NQ diamond drilling, oriented using the Reflex EZ-Shot tool, a single shot downhole surveying
tool.
Drill sample
recovery
Method of recording and assessing core and
chip sample recoveries and results assessed
A full RQD of the core was completed while logging
Measures taken to maximise sample recovery
and ensure representative nature of the
samples
Core samples are cut in half using a core saw, and half of the core is kept in the core box and
stored in a locked and secure storage area in Val d’Or, QC
Whether a relationship exists between sample
recovery and grade and whether sample bias
may have occurred due to preferential
loss/gain of fine/coarse material.
There was no significant loss of core during the drill program. QAQC methods were used to
ensure that there was no lab bias or sample contamination (QAQC methods and results included
in report)
Logging Whether core and chip samples have been
geologically and geotechnically logged to a
level of detail to support appropriate Mineral
Resource estimation, mining studies and
metallurgical studies.
Core was logged with respect to lithology, alteration, deformation, texture, and mineralization.
Magnetic susceptibility readings were collected systematically on the core. All samples collected
were also analyzed for pathfinder geochemistry. All of this information combined will be used in
the interpretation of the geology of the holes.
Whether logging is qualitative or quantitative
in nature. Core (or costean, channel, etc)
photography.
Logging is a combination of qualitative and quantitative observation. Wet and dry photos of all
the core were collected
The total length and percentage of the relevant
intersections logged
100% of the core was logged.
Sub-sampling
techniques and
sample
preparation
If core, whether cut or sawn and whether
quarter, half or all core taken.
Sawn core, half-core sent to lab (except in case of duplicate sampling, where one half of the core
is cut again, with the two quarter-core samples being sent to the lab)
If non-core, whether riffled, tube sampled,
rotary split, etc and whether sampled wet or
dry.
Not applicable
For all sample types, the nature, quality and
appropriateness of the sample preparation
Samples were prepped using ALS Chemex PREP-31, “Crush to 70% less than 2mm, riffle split off
250g, pulverize split to better than 85% passing 75 microns”

28

Criteria Explanation
Commentary
technique.
Quality control procedures adopted for all sub-
sampling stages to maximise representivity of
samples.
Within every subset of 20 samples, there is one blank, one standard (randomized selection of
OREAS standards) and one duplicate.
Measures taken to ensure that the sampling is
representative of the in situ material collected,
including for instance results for field
duplicate/second-half sampling.
Scrutinizing the QAQC results to ensure that there is no sample smear or unexplainable
results/anomalies.
Whether sample sizes are appropriate to the
grain size of the material being sampled.
Sample sizes are considered appropriate.
Quality of assay
data and
laboratory tests
The nature, quality and appropriateness of the
assaying and laboratory procedures used and
whether the technique is considered partial or
total.
Laboratory procedures and assay data have been carefully selected based on appropriate
techniques for the type of analysis required. Fire assay is considered total.
For geophysical tools, spectrometers, handheld
XRF instruments, etc, the parameters used in
determining the analysis including instrument
make and model, reading times, calibrations
factors applied and their derivation, etc.
Rock chips were collected from core which will be analyzed using a Terraspec Halo, a handheld
short wave infrared spectrometer.
Nature of quality control procedures adopted
(e.g. standards, blanks, duplicates, external
laboratory checks) and whether acceptable
levels of accuracy (i.e. lack of bias) and
precision have been established.
Within every subset of 20 samples, there is one blank, one standard (randomized selection of
OREAS standards) and one duplicate.
Verification of
sampling and
assaying
The verification of significant intersections by
either independent or alternative company
personnel.
Not applicable
The use of twinned holes.
Not applicable
Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.
All logging was completed using Geotic logging software. Completed logs are then exported and
brought into a MS Access database which is backed up and stored on a server. All hard copy assay
certificates are kept in the Winnipeg office.
Discuss any adjustment to assay data.
None applied
Location of data
points
Accuracy and quality of surveys used to locate
drillholes (collar and down-hole surveys),
trenches, mine workings and other locations
used in Mineral Resource estimation.
Drill collar locations were collected using a handheld GPS unit, which has an accuracy of roughly
+/- 5m.
Specification of the grid system used.
The grid system used is UTM NAD83 Zone 18 datum
Quality and adequacy of topographic control.
Topographic control is from regional a SRTM DEM
Data spacing and
distribution
Data spacing for reporting of Exploration
Results.
Not applicable
Whether the data spacing and distribution is
sufficient to establish the degree of geological
and grade continuity appropriate for the
Mineral Resource and Ore Reserve estimation
procedure(s) and classifications applied.
Not applicable
Whether sample compositing has been applied.
Assay tables included do not contain any compositing. Summary grade descriptions on section
have been composited by simple averaging of grade according to sample length.
Orientation of
data in relation to
geological
structure
Whether the orientation of sampling achieves
unbiased sampling of possible structures and
the extent to which this is known, considering
the deposit type.
Drilling was oriented to achieve as close as possible to orthogonal intersection of mineralized
zones, and this was achieved with a relatively high degree of confidence.
If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to have
introduced a sampling bias, this should be
assessed and reported if material.
The drilling orientation did not introduce any sampling bias.

29

Criteria
Explanation
Commentary
Criteria
Explanation
Commentary
Sample security
The measures taken to ensure sample security.
Samples are delivered directly to the laboratory by a company representative and are double
bagged with a security tag attached, and a bag list which is verified by the lab when processed.
Audits or reviews
The results of any audits or reviews of sampling
techniques and data.
None completed
Section 2: Reporting of Exploration Results
Criteria Explanation
Commentary
Mineral tenement
and land tenure
status
Type, reference name/number, location
and ownership including agreements or
material issues with third parties such as
joint ventures, partnerships, overriding
royalties, native title interests, historical
sites, wilderness or national park and
environmental settings.
The East Cadillac Gold Project comprises agreements with Globex Enterprises Inc and Richmont
Mines Inc, and claims held by Chalice Gold Mines (Quebec) Inc. located approximately 35-40km east
of Val-d’Or, Quebec, Canada.
Chalice Gold Mines (Quebec) Inc has entered into a binding option and farm-in term sheet to acquire
Globex’s interest in the Nordeau Gold Project through total option payments of C$590,000 and
incurring exploration expenditures of C$2,500,000 over 4 years. Chalice shall grant a 3% gross metal
royalty to Globex upon exercising the option.
Claims owned 100% by Globex Enterprises Inc include title nos. 2437791-2437811; 2437912-
2437915; 2437862-2437873. Claims owned 60% Globex Enterprises Inc - 40% Bateman Inc. include
title nos. 2438798-2438811; 2438935-2438937. The Globex Option comprises a total 54 claims for
1,499.89Ha.
Chalice Gold Mines (Quebec) Inc has entered into a binding option and farm-in term sheet to acquire
a 70% interest in Richmont Mines Inc. Chimo Gold Project through total option payments of
C$200,000 and incurring exploration expenditures of C$3,100,000 over 4 years. Chalice shall grant
a 1% net smelter royalty to Richmont Mines In. upon exercising the option. A 2% net smelter royalty
is held by third parties (Paul Boyd and Patsy Currie Mills) on 748Ha of claims held by Richmont Mines
Inc.
Claims owned 100% by Richmont Mines Inc include title nos. 2385084, 2438140-2438211 for a total
of 73 claims for 2,899.81.4Ha.
Claims owned 100% by Chalice Gold Mines (Quebec) Inc. include title nos 2461488-2461495,
2468029-2468043, 2448456, 2449285 for a total of 23 claims for 1,325.4Ha, An additional 87 claims
are pending for 5,015.68Ha.
The security of the tenure held at the time
of reporting along with any known
impediments to obtaining a licence to
operate in the area.
All granted tenements are in good standing and there are no known impediments to operating in
the area.
Exploration done by
other parties
Acknowledgment and appraisal of
exploration by other parties.
Exploration commenced in the 1940’s and numerous companies have carried out prospecting,
geological mapping, trenching and outcrop sampling and ground geophysical surveys and drilling.
Multiple programs of diamond drilling were completed prior to Chalice Gold securing options with
Globex and Richmont and pegging new claims over adjoining areas.
Geology Deposit type, geological setting and style of
mineralisation.
Gold deposits on the East Cadillac Gold project are greenstone-hosted gold deposits that belong to
the orogenic class of gold deposits.
The East Cadillac Gold project contains a sequence of volcano-sedimentary rocks that is known as
the Trivio structural domain, a kilometres-wide deformation corridor interpreted as the eastern
extension of the larder lake – Cadillac tectonic zone.Au
Gold mineralization is categorized into two types of epigenetic gold occurrences:
i)
Gold mineralisation in silicified lodes with disseminated to semi-massive sulphides
(arsenopyrite, pyrrhotite and pyrite) spacially related to sedimentary banded iron
formations. Secondary quartz veining is commonly associated with this type of gold
mineralisation.
ii)
Structurally controlled gold mineralisation in altered and sheared zones with quartz
or quartz carbonate veins parallel to the schistosity and shear zones (most likelt to
be found in volcanic units). Associated disseminated sulphides include
arsenopyrite, pyrite and minor chalcopyrite; graphitic horizons are common.
Both types of mineralization occur as free gold associated with sulphide minerals ranging from 1%
to 5% when in quartz veins to as much as 20% to 50% when in association with magnetite iron
formations.
Drill hole
Information
A summary of all information material to
the understanding of the exploration
ECG_17_001: E332998, N5319786, Elev 348 m; Azi 190, dip -55; length 336 m
ECG_17_002: E332998, N5319635, Elev 348 m; Azi 190, dip -55; length 201 m

30

Criteria Explanation
Commentary
results including a tabulation of the
following information for all Material drill
holes:

easting and northing of the drill
hole collar

elevation or RL (Reduced Level –
elevation above sea level in
metres) of the drill hole collar

dip and azimuth of the hole

down hole length and
interception depth

hole length.
ECG_17_003: E333002, N5319702, Elev 348 m; Azi 190, dip -55; length 228 m
ECG_17_004: E333147, N5319676, Elev 348 m; Azi 190, dip -55; length 240 m
Data aggregation
methods
In reporting Exploration Results, weighting
averaging techniques, maximum and/or
minimum grade truncations (e.g. cutting of
high grades) and cut-off grades are usually
Material and should be stated.
For composited grade intercepts reported on section, a simple average of grade intercept over
length was used
Where aggregate intercepts incorporate
short lengths of high grade results and
longer lengths of low grade results, the
procedure used for such aggregation
should be stated and some typical
examples of such aggregations should be
shown in detail.
Not applicable
The assumptions used for any reporting of
metal equivalent values should be clearly
stated.
Not applicable
Relationship
between
mineralisation
widths and
intercept lengths
These relationships are particularly
important in the reporting of Exploration
Results.
If the geometry of the mineralisation with
respect to the drill hole angle is known, its
nature should be reported.
If it is not known and only the down hole
lengths are reported, there should be a
clear statement to this effect (e.g. ‘down
hole length, true width not known’).
Drilling was oriented to achieve as close as possible to orthogonal intersection of mineralized zones,
and this was achieved with a relatively high degree of confidence.
Diagrams Appropriate maps and sections (with
scales) and tabulations of intercepts should
be included for any significant discovery
being reported These should include, but
not be limited to a plan view of drill hole
collar locations and appropriate sectional
views.
Cross sections and plan map included
Balanced reporting Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low and
high grades and/or widths should be
practiced to avoid misleading reporting of
Exploration Results.
Included
Other substantive
exploration data
Other exploration data, if meaningful and
material, should be reported including (but
not limited to): geological observations;
geophysical survey results; geochemical
survey results; bulk samples – size and
method of treatment; metallurgical test
results; bulk density, groundwater,
geotechnical and rock characteristics;
potential deleterious or contaminating
substances.
All meaningful and material data reported
Further work The nature and scale of planned further
work (e.g. tests for lateral extensions or
depth extensions or large-scale step-out
drilling).
Further drilling in this area as well as stripping at surface if at all possible is suggested and planned
for the coming field season.

31

Criteria Explanation Commentary
Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future
drilling areas, provided this information is
not commercially sensitive

32

Appendix 5 – Drill Hole Collars East Cadillac Project

Hole_ID Easting(m) Northing (m) Elevation(m )
Length(m)
Azimuth Dip
ECG_17_001 332,998 5,319,786 348 336 190 -55
ECG_17_002 332,998 5,319,635 348 201 190 -55
ECG_17_003 333,002 5,319,702 348 228 190 -55
ECG_17_004 333,147 5,319,676 348 240 190 -55

33

+Rule 5.5

Appendix 5B

~~Mini~~ ng 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, 01/05/13, 01/09/16

Name of entity

Chalice Gold Mines Limited

ABN

Quarter ended (“current quarter”)

47 116 648 956 31 March 2017

Consolidated statement of cash flows Current quarter
$A’000
Year to date
(9 months)
$A’000
1.
Cash flows from operating activities
1.1
Receipts from customers
1.2
Payments for
(a) exploration & evaluation
(b) development
(c) production
(d) staff costs
(e) administration and corporate costs
1.3
Dividends received (see note 3)
1.4
Interest received
1.5
Interest and other costs of finance paid
1.6
Income taxes paid
1.7
Research and development refunds
1.8
Other:
- Business Development
- Costs associated with the sale of the
Cameron Gold Project.
- Exploration tax credits received
1.9
Net cash from / (used in) operating
activities
22
(855)
-
-
(196)
(170)
-
44
-
-
-
(345)
-
155
(1,345)
99
(2,030)
-
-
(557)
(541)
-
176
-
-
-
(1,181)
(175)
155
(4,054)

Page 1

Consolidated statement of cash flows Current quarter
$A’000
Year to date
(9 months)
$A’000
2.
Cash flows from investing activities
~~2.1~~
Payments to acquire:
(a) property, plant and equipment
(b) tenements (see item 10)
(c) investments
(d) other non-current assets
2.2
Proceeds from the disposal of:
(a) property, plant and equipment
(b) tenements (see item 10)
(c) investments
(d) other non-current assets
2.3
Cash flows from loans to other entities
2.4
Dividends received (see note 3)
2.5
Other (provide details if material)
2.6
Net cash from / (used in) investing
activities
(16)
-
(4,793)
-
-
-
9,985
-
-
-
-
(52)
-
(4,793)
-
3
25
19,695
-
-
-
-
5,176 14,878
3.
Cash flows from financing activities
3.1
Proceeds from issues of shares
3.2
Proceeds from issue of convertible notes
3.3
Proceeds from exercise of share options
3.4
Transaction costs related to issues of
shares, convertible notes or options
3.5
Proceeds from borrowings
3.6
Repayment of borrowings
3.7
Transaction costs related to loans and
borrowings
3.8
Dividends paid
3.9
Other:
- On-market share buy-back
- Security deposit
3.10
Net cash from / (used in) financing
activities
-
-
-
-
-
-
-
-
(1,005)
-
-
-
-
-
-
-
-
-
(3,557)
(20)
(1,005) (3,577)

Page 2

Consolidated statement of cash flows Current quarter
$A’000
Year to date
(9 months)
$A’000
4.
Net increase / (decrease) in cash and
cash equivalents for the period
4.1
Cash and cash equivalents at beginning of
period
4.2
Net cash from / (used in) operating
activities (item 1.9 above)
4.3
Net cash from / (used in) investing activities
(item 2.6 above)
4.4
Net cash from / (used in) financing activities
(item 3.10 above)
4.5
Effect of movement in exchange rates on
cash held
4.6
Cash and cash equivalents at end of
period
41,049
(1,345)
5,176
(1,005)
(1,557)
35,734
(4,054)
14,878
(3,577)
(663)
42,318 42,318
5.
Reconciliation of cash and cash
equivalents
at the end of the quarter (as shown in the
consolidated statement of cash flows) to the
related items in the accounts
Current quarter
$A’000
Previous quarter
$A’000
5.1
Bank balances
5.2
Call deposits
5.3
Bank overdrafts
5.4
Other (provide details)
5.5
Cash and cash equivalents at end of
quarter (should equal item 4.6 above)
38,318
4,000
-
-
35,975
5,074
-
-
42,318 41,049
6.
Payments to directors of the entity and their associates
Current quarter
$A'000
6.1
Aggregate amount of payments to these parties included in item 1.2
155
6.2
Aggregate amount of cash flow from loans to these parties included
in item 2.3
-
6.3
Include below any explanation necessary to understand the transactions included in
items 6.1 and 6.2
Current quarter
$A'000
155
-
Includes directors’ fees and salaries (including superannuation) of $155,000.

Page 3

7. Payments to related entities of the entity and their Current quarter
associates $A'000
7.1 ~~A~~ggregate amount of payments to these parties included in item 1.2 -
7.2 Aggregate amount of cash flow from loans to these parties included -
in item 2.3
7.3 Include below any explanation necessary to understand the transactions included in
items 7.1 and 7.2
8.
Financing facilities available
Add notes as necessary for an
understanding of the position
Total facility amount
at quarter end
$A’000
Amount drawn at
quarter end
$A’000
8.1
Loan facilities
-
-
8.2
Credit standby arrangements
-
-
8.3
Other (please specify)
-
-
8.4
Include below a description of each facility above, including the lender, interest rate and
whether it is secured or unsecured. If any additional facilities have been entered into or are
proposed to be entered into after quarter end, include details of those facilities as well.
Total facility amount
at quarter end
$A’000
Amount drawn at
quarter end
$A’000
- -
- -
- -
N/A
9.
Estimated cash outflows for next quarter
$A’000
9.1
Exploration and evaluation
9.2
Development
9.3
Production
9.4
Staff costs
9.5
Administration and corporate costs(1)
9.6
Other: Business development costs
9.7
Total estimated cash outflows
(1,990)
-
-
(202)
(72)
(295)
(2,559)
(1)Administration and corporate costs are net of interest revenue and receipts from customers.

Page 4

==> picture [498 x 343] intentionally omitted <==

----- Start of picture text -----

10. Changes in Tenement Nature of interest Interest at Interest
tenements reference and beginning of at end
(items 2.1(b) and location quarter of
2.2(b) above) quarter
10.1 Interests in mining Nil
tenements and
petroleum tenements
lapsed, relinquished or
reduced
10.2 Interests in mining AUSTRALIA:
tenements and E70/4863 Owned 0% 100%
petroleum tenements E70/4864 Owned 0% 100%
acquired or increased
E70/4865 Owned 0% 100%
E70/4866 Owned 0% 100%
E70/4869 Owned 0% 100%
P37/8703 Owned 0% 100%
P37/8704 Owned 0% 100%
P37/8705 Owned 0% 100%
P37/8708 Owned 0% 100%
P37/8709 Owned 0% 100%
CANADA:
Refer Appendix 1
----- End of picture text -----

Compliance statement

  • 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

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

Sign here: Date: 28 April 2017 (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 that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.

  2. If this quarterly report has been prepared in accordance with Australian Accounting Standards, 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. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.

  3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.

Page 5

Appendix 1: Interests in mining tenements acquired or increased (Canada)

Project Claim
Number
Registered Holder Interest at
beginning of
quarter
Interest at end of
quarter
East Cadillac 2481223 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481224 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481225 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481226 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481227 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481228 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481229 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481230 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481231 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481232 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481233 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481234 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481235 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481236 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481237 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481238 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481239 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481240 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481241 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481242 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481243 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481244 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481245 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481246 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481247 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481248 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481249 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481250 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481251 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481252 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481253 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481254 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481255 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481256 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481257 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481258 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481259 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481260 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481261 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481262 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481263 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481264 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481265 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481266 Chalice Gold Mines (Quebec) Inc. 0% 100%

Page 6

Project Claim
Number
Registered Holder Interest at
beginning of
quarter
Interest at end of
quarter
East Cadillac 2481267 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481268 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481269 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481270 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481271 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481272 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481273 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481274 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481275 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481276 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481277 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481278 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481279 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481280 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481281 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481282 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481283 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481284 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481285 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481286 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481287 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481288 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481289 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481290 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481291 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481292 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481293 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481294 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481295 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481296 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481297 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481298 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481299 Chalice Gold Mines (Quebec) Inc. 0% 100%
East Cadillac 2481300 Chalice Gold Mines (Quebec) Inc. 0% 100%

Page 7