CHALICE MINING LIMITED — Investor Presentation 2018

Oct 31, 2018

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International Mining and Resource Conference Presentation
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1 November 2018

ASX : CHN

TSX : CXN

Forward looking statements and disclosures

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This presentation does not include all available Information on Chalice Gold Mines Limited and should not be used in isolation as a guide to investing in the Company. Any potential investor should also refer to Chalice Gold Mines Limited Annual Reports, filings on sedar.com, and to ASX/TSX releases and take independent professional advice before considering investing in the Company. For further information about Chalice Gold Mines Limited, visit the website at www.chalicegold.com

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 estimation of mineral reserve and mineral resources at the East Cadillac Gold Project, the realisation of mineral reserve estimates; the likelihood of exploration success including results of future geophysical surveys, drilling at the Company’s projects and other exploration activities; the timing and costs of future exploration activities on the Company’s exploration projects; the potential to define future mineral resources and, if successful at any of the Company’s exploration projects, the potential viability of any mineral resource so defined; planned expenditures and budgets and the execution thereof; the timing and availability of drill results; potential sites for additional drilling, that general business and economic conditions will not change in a materially adverse manner; 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”, “planning”, “expects” or “does not expect”, “is expected”, “will”, “may”, “would”, “potential”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, “believes”, “occur”, “be achieved”, or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors may include, among others, risks related to actual results of current exploration activities; changes in exploration programs based upon results of exploration; future prices of mineral resources; possible variations in mineral resources or ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Company’s interim and annual financial statements, all of which are filed and available for review on SEDAR at sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Disclosure

The information in this presentation is extracted from information available to view on www.chalicegold.com. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and, in the case of exploration results or estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the results and estimates in the relevant market announcements continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.

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A unique, well-funded junior explorer

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Distr ict -scale, tier-1 exploration projects
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• Two potentially transformational drill programmes coming up in Australia and Canada

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Strong balance sheet
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• c. A$34M in cash + A$2M in liquid investments + A$3M current receivables at 30-Sept-18 (~A$39M / 14.7cps)

• ~A$10M (4cps) capital return proposed for Nov 2018

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Proven and experienced team
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• Large, highly capable team with broad experience and specialist expertise

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Track record of success
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• Proven business model, with net proceeds from asset sales of ~A$107M , ~A$25M capital return in 2012

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Portfolio of District-Scale, High Impact Projects in Australia and Canada

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Warrego North
-
Copper Gold Project Flinders River
-
(70 100%)
Vanadium Project
(100%)
Yilgarn Gold
Project
-
(75 100%)
Julimar Nickel-
Vanadium Project
(100%)
Pyramid Hill
Gold Project
(100%)
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• ~3,080km[2 ] land holding NW of the >22Moz Bendigo Goldfield and NE of the >7Moz Fosterville Gold Mine

• Multiple large-scale geochem-gravity targets identified overlying major regional structures

• Maiden drill program scheduled for early Nov 2018

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Kinebik Gold
Project
(100%)
East Cadillac
Gold Project
-
(70 100%)
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• 245km[2 ] area covering 27km of strike along the prolific Larder Lake-Cadillac Fault in the Abitibi Greenstone Belt

• Maiden 27,600m diamond drill program in early 2018, resulting in 3 new gold discoveries

• Second phase of drilling scheduled for early Jan 2019

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What the industry is saying…

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There is an absolute appetite to improve the portfolio mix… and Australia and North America are very much focus areas

AngloGold Ashanti

We're open for business in the exploration space, we're actively looking for new partners…. if you have got a project, come and talk to us Newcrest

The most exciting part about Fosterville is the host of other targets that are there and the opportunities – maybe we still haven't found the real gold deposit yet… We believe there's more to come Kirkland Lake Gold

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Pyramid Hill Gold Project

Victoria

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Pyramid Hill is a district scale 3,080km[2] project acquired in late 2017, in the highly prospective and re-invigorated North Bendigo zone

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•
Bendigo Zone has produced >60Moz of high-grade gold
•
Victorian Govt ‘Gold Undercover’ estimated an undiscovered
gold endowment of ~32Moz Au in the northern Bendigo Zone
under Murray Basin cover
•
Chalice controls 3,080km [2] in 3 districts;
•
NW of world-class 22Moz @ 15g/t Au Bendigo Goldfield
•
NE of the 7Moz Fosterville Gold Mine of Kirkland Lake Gold
First phase of
drilling in Nov-18 (ASX: KLA | TSX: KL) – US$261/oz Op. Cash Costs YTD 2018
•
W of Catalyst Metals (ASX: CYL) Tandarra and Four Eagles
Projects
•
Region under cover is poorly explored, with limited discoveries
•
3 major regional faults which host Bendigo, Ballarat, Castlemaine
and other significant deposits extend through the Project
>70km of strike coverage along major regional structures
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• Victorian Govt ‘Gold Undercover’ estimated an undiscovered gold endowment of ~32Moz Au in the northern Bendigo Zone under Murray Basin cover

  • NE of the 7Moz Fosterville Gold Mine of Kirkland Lake Gold (ASX: KLA | TSX: KL) – US$261/oz Op. Cash Costs YTD 2018

  • W of Catalyst Metals (ASX: CYL) Tandarra and Four Eagles Projects

• Region under cover is poorly explored, with limited discoveries

• 3 major regional faults which host Bendigo, Ballarat, Castlemaine and other significant deposits extend through the Project

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Pyramid Hill four large gold-in-soil anomalies identified in July, overlying three major regional faults – all largely untested

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~15km to Bendigo Goldfield (22Moz) OPEN OPEN Under cover Outcrop Inglewood (96koz) Tandarra (Catalyst Metals) Raydarra (Catalyst Metals) Four Eagles (Catalyst Metals) West Central East North	~15km to Bendigo Goldfield (22Moz) OPEN OPEN Under cover Outcrop Inglewood (96koz) Tandarra (Catalyst Metals) Raydarra (Catalyst Metals) Four Eagles (Catalyst Metals) West Central East North	~15km to Bendigo Goldfield (22Moz) OPEN OPEN Under cover Outcrop Inglewood (96koz) Tandarra (Catalyst Metals) Raydarra (Catalyst Metals) Four Eagles (Catalyst Metals) West Central East North	~15km to Bendigo Goldfield (22Moz) OPEN OPEN Under cover Outcrop Inglewood (96koz) Tandarra (Catalyst Metals) Raydarra (Catalyst Metals) Four Eagles (Catalyst Metals) West Central East North
	~15km to Bendigo Goldfield (22Moz) OPEN OPEN Under cover Outcrop Inglewood (96koz) Tandarra (Catalyst Metals) Raydarra (Catalyst Metals) Four Eagles (Catalyst Metals) West Central East North			Anomaly Size at 5.5ppb Au contour (km) Peak Gold Value (ppb Au)
				West 12 x 2.8 81
				East 12 x 2.7 21.5
				Central 5 x 2.7 20.7
				North 5 x 2.0 9.6
				8 • Low level gold anomalism in soil is a strong indicator of gold in underlying bedrock • The anomalies aresignificant, as they havescale;overlie major structuresand are proximal to large and high grade gold deposits • Additional soil sampling and ground gravity surveys completed in Sept • Maiden drill program to commence in early Nov 2018

Pyramid Hill maiden 8,500m drill program commencing in early November, drilling three large-scale target areas that are effectively untested

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•
•
•
East Target
West Target
West Target
South Target
East Target
South Target
~20km
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• Mix of aircore (AC) and reverse circulation (RC) drilling depending on cover – multi-purpose rig being mobilised

• Wide spaced lines (3km+), tightly spaced holes planned

• Minimal effective historical drilling over the West and East targets

• >20km gravity feature and >12km coherent soil anomaly overlying Campbelltown Fault

• 20-50m cover expected

• >10km gravity feature overlying Muckleford Fault

• 10-30m cover expected

• Anomalous gold in historical AC drilling (RC follow-up planned)

• >12km coherent soil anomaly overlying Sebastian Fault

• 90-110m of cover expected

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Pyramid Hill initial drill targets have geophysical and geological similarities to Bendigo – providing enormous upside potential

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Schematic cross section showing Saddle and Bedded Reefs
Bendigo
Goldfield New Chum Line Large, high grade deposit
~2.6Moz @ 15.1g/t Au of ~22Moz @ 15g/t Au
Garden Gully Line
~4.8Moz @ 15.0g/t Au World’s largest producer
from 1850 to 1890 Every 100 vertical
metres contained
3-5Moz gold
Hustlers Line
~0.95Moz @ 17.6g/t Au
Sheepshead Line
~0.74Moz @ 11.6g/t Au
Schematic long section
Scale Comparisons
Kalgoorlie ‘Super Pit’ (KCGM)
outline (largest open pit gold
Bendigo mine in Australia) Newmont –
urban area Barrick JV
Canadian Malartic Open Pit
N outline (one of the largest open
pit mines in Canada) Agnico
2km Eagle – Yamana Gold JV
10
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Source: Hughes, F.E. 1990, Geology of the Mineral Deposits of Australia and Papua New Guinea , The Australasian Institute of Mining and Metallurgy, Melbourne

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East Cadillac Gold Project

Quebec

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11

East Cadillac is a district scale 245km[2 ] project acquired in late 2016, located in the prolific Abitibi greenstone belt (regional gold endowment of >210Moz)

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Douay
>3Moz
CANADA
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• >27km of strike along the Larder Lake – Cadillac Fault – the most prolific gold trend in the southern Abitibi, with known gold endowment of >100Moz

14 earn-in / purchase agreements executed since late 2016 to consolidate ownership 70100%

• ~C$12 million spent to date on exploration

• Mineral Resource at Nordeau West propsect based on historical drilling of c. 175koz Au @ 4.1g/t Au[1]

1 NI43-101 and JORC 2012 compliant Mineral Resource at Nordeau West – Indicated 225,000t @ 4.17g/t Au and Inferred 1.11Mt @ 4.09g/t Au

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The Project is along strike from several globally significant gold mines and surrounds a historical high-grade gold mine

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LaRonde
>12Moz @ ~5g/t Au
Sigma Lamaque
>11Moz @ ~7g/t Au
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CANADA
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Chimo
0.4Moz @ ~5g/t Au
YAMANA /
AGNICO EAGLE
AGNICO
Malartic Open Pit EAGLE
>16Moz @ ~1.1g/t Au
East Cadillac
Goldex
Gold Project
>5Moz @ ~1.7g/t Au
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The Project has all season access and excellent nearby infrastructure

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Chimo Mine
(power connection
and road access)
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Canadian
Val-d’Or
Malartic Mine
(>16Moz)
Sigma Lamaque
Mine (>11Moz)
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~35km by sealed highway from town of Val-d’Or (~30,000 people)

All season access to the property

Geochemistry access May – October

Drilling access on entire property in winter, restricted to non-wetland areas in summer

World class infrastructure including road, rail and power

Multiple gold processing facilities in the region

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East Cadillac previously segmented ownership limited regional exploration in the district for decades; we have consolidated ownership 70-100%

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Chalice (100%)

Chimo (Chalice 100%)

Globex / Bateman Option (C$0.59M cash + C$2.5M exp. to earn 100% by Oct-2020) Pershimex Option (C$0.37M cash + C$1.75M exp. to earn 70% by Dec-2021) Renforth Option (C$0.2M cash + C$1.25M exp. to earn 80% by May-2021)

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Exclusion
Area
CANADA
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15

East Cadillac drilling has focused on finding another large (Malartic / SigmaLamaque) style deposit, with three new discoveries since acquisition

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1
Nordeau West Historical Resource North Contact Mineralised trend
Ind Resource 30koz @ 4.2g/t Au
23.5m @ 1.12g/t Au Gold occurrence N
Inf Resource 146koz @ 4.1g/t Au
incl. 2.0m @ 6.86g/t Au
and 1.0m @ 5.71g/t Au 2017-2018 DDH
Wide open all directions East Cadillac Gold Project
Forsan
4.0m @ 56.86g/t Au
(historical)
Val-d’Or
~35km
3
Nordeau South
Simon West
11.9m @ 3.2g/t Au
Incl. 1.6m @ 18.5g/t Au Chimo Gold Mine
(Cartier Resources)
379koz Au @ 4.8g/t 2
historical production Lac Rapides
45,000m drilling underway
20.8m @ 0.74g/t Au
5km incl. 3.1m @ 4.27g/t Au
Wide open all directions 16
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East Cadillac recent soil sampling has identified the large Legrand and Anderson MMI soil anomalies – new large-scale targets for drilling in Jan-19

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330,000mE 340,000mE
Anderson Legrand Anomaly
>8
6-8
4-6
•
North Contact 3.4km x 1.3km coherent MMI
>5
0.5-5 gold-in-soil anomaly
•
Peak of 22x background
Val-d’Or Forsan •
Similar geochem pathfinder
~35km signature and structural setting to
>16Moz Canadian Malartic
Simon West
•
Lac Rapides Untested by drilling
Americ
Chimo Gold Mine
(Cartier Resources)
379koz Au @ 4.8g/t Anderson Anomaly
historical production
Marquise •
2.3km x 0.5km coherent MMI
gold-in-soil anomaly
Geology Legend
Makwa •
Multiple large gold deposits along
Legrand
a regional structure to the west
5km
•
Untested by drilling
17
5,320,000mN
5,315,000mN
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Corporate

18

Our business model and track record is sound; we have acquired well and advanced projects quickly…

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Zara Gold Project in
Eritrea sold for
Zara Gold
~
Listed on Project in US$114M , A$25M Cameron
Australian Eritrea special dividend Gold Project in
issued to
Stock acquired for Ontario sold
shareholders
Exchange ~A$7M for ~ A$25M
2006 2012
2009 2016
2010
2013
2007 Private share 2017
Cameron Gold
Chalice & placement to raise Project in
~ Acquired new
A$9M Ontario
Higginsville district-scale
projects sold acquired for exploration
for ~A$12M Listed on Toronto ~A$8M projects in Australia
Stock Exchange
and Canada
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…prudent and well-timed asset sales have generated ~A$107M after tax proceeds to date

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Corporate snapshot

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Capital Structure

Top Shareholders

Australian listing ASX: CHN Canadian listing TSX: CXN Shares on Issue ~266M Shares – fully diluted ~285M ASX 52 week high/low A$0.22 / A$0.13 TSX 52 week high/low C$0.22 / C$0.13 Cash A$34.1M Liquid investments A$2.1M Current receivables A$3.0M Market capitalisation ~A$37M Enterprise value ~nil	17% 64% Franklin Templeton 3% 9% Tim Goyder (Exec Chairman) Others Paradice Investment Mgmt 55% Sun Valley Gold 12% 4% ASX TSX Liquid Investments
	AusGold (ASX: AUC) 66M shares (~11%) ~A$1.7M
	Others ~A$0.4M

As of 30 Sept 2018 (rounded), excludes proposed capital return of 4cps

20

Board and management team

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Tim Goyder, Executive Chairman

• 40+ year industry veteran

• Long track record of success as an investor, entrepreneur and company director

• Largest shareholder of Chalice (~17%)

Stephen Quin, Independent Non-Exec Director, PGeo

• 35 years experience in mining and exploration

• President and CEO of Midas Gold Corp (TSX: MAX)

Morgan Ball, Lead Independent Non-Exec Director, BCom, ACA

• Chartered Accountant with 25+ years experience

• Significant mining, commercial and corporate experience

• Chief Financial Officer of Saracen Mineral Holdings (ASX: SAR)

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Alex Dorsch, Chief Executive Officer, BEng (Hons), BFin

• Experienced consultant, engineer and corporate advisor in the energy and resources sectors

• Previously Specialist consultant with McKinsey & Company

Dr Kevin Frost, GM – Exploration, BSc (Hons) PhD MAIG

• Geologist with 30+ years experience

• Highly regarded geologist within proven history of discovery

• Part of the discovery team for the Flying Fox and Spotted Quoll nickel deposits (Western Areas)

Richard Hacker, Chief Financial Officer, BCom, ACA, ACIS

• 20+ years professional, commercial and corporate experience in the resources and energy sector in Australia and the UK

Patrick Lengyel, Exploration Manager – Canada, BSc

• Geologist with 20+ years experience

• Extensive experience in orogenic gold and base metals Previously Principal Geologist at Teck Resources Limited

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Two potentially transformational drill programmes commencing over the next 3 months in Victoria and Quebec

East Cadillac, Quebec Pyramid Hill, Victoria Indicative exploration	program	2018	2018	2018	2018	2018	2018	2019	2019	2019	2019
		Jul	Aug	Sep	Oct	Nov	Dec	Jan		Feb	Mar
	Geophysics Geochem Drilling		Groun Gravit mpling	d y Drill tar	Final assays geting						Final assays
		BLEG soil sa
						Reconnaiss	ance drilling
	Geophysics Geochem Drilling			+	Final	assays		Diamon
		MMI soil sa infill)	mpling (new
			Amag
					3D-IP
									Diamon	d drilling
					Drill targ	eting and p	ermitting

22

1. Nov 2018

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Company Highlights

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District scale exploration projects across prolific geological terranes in tier-1 jurisdictions, two potentially transformational drill programmes coming up

Well funded

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c. A$39M in current assets

4cps capital return proposed for Nov 2018

Proven track record

~ A$107 million generated from asset sales to date

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Thank You

Level 2, 1292 Hay Street, West Perth WA 6005, Australia +61 8 9322 3960

info@chalicegold.com www.chalicegold.com linkedin.com/company/chalice-gold-mines twitter.com/chalicegold

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Appendix Canada

25

EAST CADILLAC GOLD PROJECT

Chalice has taken a systematic, ground-up approach to exploration, and has continued to consolidate ground over the last ~24 months

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December 2017 May 2018 November 2016 Option deal October 2017 – Farm-in deal Option deal with with Khalkos January 2018 with Renforth to October 2016 Richmont to earn up to earn up to 80% Phase 1 Option deal with (acquired by 70% Globex to earn up to Monarques Gold) diamond drilling 100% to earn up to 70% (7,700m) 2016 2017 2018 March 2017 Pre-Chalice JORC 2012 May – November January – July – October 2018 Limited MRE at 2017 March 2018 Regional MMI Nordeau West Phase 2 diamond geochemistry and November – 3D-IP, Amag, soil sampling, shallow drilling December 2016 LIDAR surveys drilling (20,000m), 3D-IP and along main trend Footwall claims Bark, MMI soil Simon West, North Amag surveys Contact and Lac pegged (100%) sampling Rapides discoveries

26

EAST CADILLAC GOLD PROJECT

Current field season aims to vector in on high grade within areas of known mineralisation and explore 5 new large-scale target areas

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•
5 new large
McDonough North Contact N scale target
areas defined
from recent
structural re-
Forsan interp work
4.0m @ 56.86g/t Au
Area 1
(historical)
•
Build on North
Contact and
Area 5
Lac Matchi-Manitou Lac Rapides
discoveries
Area 3 and follow up
on historical
occurrences
Lac Villebon East
East Cadillac Gold Project
Lac Rapides Area 2 Mineralised trend • Total program
Lac Villebon
Gold occurrence budget of c.
Area 4 2017-2018 DDH C$1.9M
Lac Saucisse 2018 Soil samples
2018 3DIP
5km Americ 2018 Amag • July-Oct 2018
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27

EAST CADILLAC GOLD PROJECT

Drilling confirmed >3.5km of strike is mineralised at Simon West , with multiple steep dipping gold zones with high grade (~18g/t Au) cores

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Plan view – Simon Far West to Nordeau West

Cross section through holes 20-21 (looking west)

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Simon Far West
N
Simon West
Nordeau West
A
B
1km
Chimo Gold Mine
Mineralised trend (Cartier Resources)
2017-2018 DDH 379koz Au @ 4.8g/t
historical production
45,000m drilling
underway
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B A
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Refer to ASX announcement of 30 May 18 for full details

EAST CADILLAC GOLD PROJECT

The North Contact discovery was made in Q2 2018, with a wide 23m @ 1.1g/t Au hit including 2 high grade cores; wide open in all directions

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Plan view – North Contact Cross section through hole 72 (looking west)
B A
N
23.5m @ 1.12g/t Au incl.
2.0m @ 6.86g/t Au and
4.2m @ 0.53g/t Au 1.0m @ 5.71g/t Au
A
B
6.5m @ 1.77g/t Au
incl. 3.5m @ 2.10g/t
Au
1km
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Mineralised trend
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2017-2018 DDH

29

Refer to ASX announcement of 30 May 18 for full details

EAST CADILLAC GOLD PROJECT

Geophysics – 3D-IP (Orevision) 2017

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A 3D-IP Orevision survey was completed over 16 km strike on 200m-spaced sections during summer 2017 centered over the Larder Lake - Cadillac Fault (LLCF)

• Strong discrete and strike continuous chargeability anomalies identified within the survey area

• Chargeability anomalies coincidental with majority of known Au deposits/ occurrences

• Strong 13km strike length IP chargeability anomaly coincidental with North Contact target

• Untested IP anomalies elsewhere along favourable structures/ contacts

Follow up for 2018 includes continuing the 3D-IP survey along the eastern extension of LLCF to Lake MatchiManitou

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30

East Cadillac IP Chargeability over regional geology

EAST CADILLAC GOLD PROJECT

Geophysics – Aeromagnetics 2018

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Three heli-mag aeromagnetic surveys (50m and 70m line spacing) completed during summer 2017, January 2018 and August 2018 Various magnetic images (TMI, RTP, 1VD, TDR) have been utilised to compile a lithostructural interpretation of the project area Aeromagnetics provided the basis of litho-structural interpretation which shows the greenstone belt succession comprises a polyphase deformed sequence of strongly magnetic BIF, dolerite and ultramafic, moderately magnetic mafic volcanics and weakly magnetic siliciclastic sediments

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East Cadillac TMI RTP TDR aeromagnetic image, prospects and 2018 MMI soil anomalies

EAST CADILLAC GOLD PROJECT

Geochemistry – MMI soil sampling coverage 2018

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Four soil sampling programs have been completed on the ECG property. The first soil program was completed during fall 2016 on the Globex Option.

The following summer field crews returned in June to cover the Richmont Option and the 100% Chalice claims to the south. Later that year the Khalkos Option and the 100% Chalice claims to the north were acquired and sampling was completed in the fall of 2017.

In the summer of 2018 new 200 x 200 m and 400 x 400 m grids were sampled on the Renforth Option, as well as 200 x 200 m infill at Sausage Lake, Forsan, and the northern claims

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Organic soils
Inorganic soils
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East Cadillac soil sampling locations over regional geology

EAST CADILLAC GOLD PROJECT

Geochemistry – MMI soil sampling results – Gold 2018

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MMI samples collected by hand-auger with the preference to collect an inorganic (B Zone) sample below surface organic soils (not possible in wetland areas)

• Soils initially collected on a 400m x 400m reconnaissance grid (regional sampling) or a 200m x 200m grid (LLCF corridor)

• Infill sampling (200m x 200m) completed as a follow-up to any significant 400m x 400m anomalies

Soil results shown as gold response ratio (dividing gold value by the average of the lowest quartile of all the gold values, and rounding to the nearest integer). The response ratio is used because it gives a better indication of the anomalous values

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East Cadillac MMI soil sampling Au response ratio over regional geology

EAST CADILLAC GOLD PROJECT

Geochemistry – MMI soil sampling results – Arsenic 2018

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MMI samples collected by hand-auger with the preference to collect an inorganic (B Zone) sample below surface organic soils (not possible in wetland areas)

• Soils initially collected on a 400m x 400m reconnaissance grid (regional sampling) or a 200m x 200m grid (LLCF corridor)

• Infill sampling (200m x 200m) completed as a follow-up to any significant 400m x 400m anomalies

Soil results shown as arsenic response ratio (dividing arsenic value by the average of the lowest quartile of all the arsenic values, and rounding to the nearest integer). The response ratio is used because it gives a better indication of the anomalous values

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East Cadillac MMI soil sampling As response ratio over regional geology

EAST CADILLAC GOLD PROJECT

Chimo Gold Mine (Cartier Resources: TSX-V:ECR)

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Historic Production - 379,012 oz Au @ ~4.8g/t Au

Depth: from surface to >900m Surface expression: 1.5km strike within Chimo property boundary

Width: 570m

Thickness: Roughly 5-20m individual zones within ‘clusters’ up to 200m

Style: Orogenic

Narrow high grade quartz veins (orogenic overprint)

2017 Deep Drilling by Cartier Resources testing down dip extension of Chimo workings (CH-46 & 47). Northern most stope projects down dip onto ECG property at approximately 1050m vertical depth

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Chalice Cartier
Cartier Deep DDH
CH-46 & 47
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45,000m diamond drilling program now underway to define resource

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Source: https://www.resourcescartier.com/

EAST CADILLAC GOLD PROJECT

Major deposits in the Abitibi – Canadian Malartic

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3.5km
1.5km
Source: Gaillard, N., 2018 Mica composition as a vector
to gold mineralization: Deciphering hydrothermal and
metamorphic effects in the Malartic district, Quebec
http://abitibiroyalties.com
Perrouty, S., 2017, Multi-Parameter Footprints of the
Canadian Malartic Deposit
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Malartic (>16Moz @ ~1.1g/t Au)

Mineralisation Footprint Characteristics

• Depth: from surface to >3,000m

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3km
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• 3.5km strike

• Surface expression:

• Width: 1,500m

• Thickness: >100-200m

• Style: IRGS

• Large alteration footprint (>3.5km)

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EAST CADILLAC GOLD PROJECT

Major deposits in the Abitibi – Sigma-Lamaque

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Sigma-Lamaque (>11Moz @ ~7g/t Au)

Mineralisation Footprint Characteristics

• Depth:

• Surface expression: from 300m (Lamaque) to 500m (Sigma)

• Width: Up to 300m

• Thickness: Various (up to 6m stacked shear zones and up to 10-25m thick stacked veins veins)

• Style: IRGS - Orogenic

• Narrow high grade quartz veins (orogenic overprint)

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2km
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Source: Keogh, C., 2018 Eldorado Gold, Sigma Lamaque NI43-101 Armstrong, T., 2007, Century Mining Corp. Annual Information Form

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EAST CADILLAC GOLD PROJECT

Major deposits in the Abitibi – Goldex

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Goldex (>5Moz @ ~1.7g/t Au)

Mineralisation Footprint Characteristics

• Depth: from surface to >300m (M zone only)

• Surface expression: > 250m (M zone)

• Width: >300m

• Thickness: >250m

• Style: IRGS

Source: Genest, R., 2012 Technical Report on Production of the M and E Zones at Goldex Mine https://www.agnicoeagle.com/

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The Kinebik Gold Project covers >30km of strike along the Casa Beradi Fault – an underexplored greenstone belt

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• ~187km[2] property area covering > 30km of strike along the Casa Berardi Fault

• Belt hosts several significant gold deposits including:

• Casa Beradi (c. 6Moz) owned by Hecla Mining (NYSE: HL)

• Douay (c. 3Moz) owned by Maple Gold Mines (TVX: MGM)

• Historical exploration almost nonexistent

• Numerous soil geochemical and 3D IP anomalies identified to date

39

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Appendix Australia

40

Warrego North several large IOCG targets prospective for high grade goldcopper – next phase of work in early 2019

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•
Parakeet Prospect
8m @ 1.7% Cu, 0.4g/t Au
Emu Target
Chook Prospect
17m @ 1.0% Cu
Rooster
Target
Rooster Target Warrego •
7Mt @ 2.5% Cu,
7.0g/t Au (1.6Moz)
Regional Aeromagnetics
•
White Devil
1.6Mt @ 14.6g/t Au (0.75Moz) high grade gold
10km
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• Tennant Creek historically exploited for high grade IOCG style gold and copper – resulting in several ‘company making’ mines

  • Large magnetic Target

    • Multiple ironstones inferred from geophysics and shallow ineffective historical drilling

  • To be drilled once EL31609 granted, expected in early 2019

• Emu Target drilled in Aug 2018, anomalous copper readings were observed, however no high-grade gold

• Parakeet Prospect drilled in 2017, best intersection of 8m @ 1.7% Cu and 0.4g/t Au – prospective but lacking high grade gold

41

Yilgarn Project consists of five prospective holdings in the Eastern Goldfields and Southern Cross regions

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Kurrajong
Bore
Bunjarra Well
Nulla South & Jericho
Kalgoorlie
Perth
Gibb Rock
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Kurrajong Bore (Chalice 95%)
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48km[2] area ~50km NE of the world class Gwalia gold mine (>5Moz Au) and proximal to other smaller orogenic gold deposits along the Mertondale shear zone

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Bunjarra Well (Chalice 95%)
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75km² area adjacent to the highly prospective Keith Kilkenny Shear Zone, a major regional lineament known for its regional prospectivity and gold endowment

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Jericho (Chalice 95%)
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11.6km[2] area adjacent to Bunjarra in the same regional zone

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Gibb Rock (Chalice 95%)
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55km[2] area located in the Holleton greenstone belt

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Nulla South (Ramelius earning 75%)
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275km² area ~25km SE of the actively producing Edna May gold mine (>1Moz Au) over the Westonia greenstone belt

42

The Flinders River Vanadium Project surrounds >3 billion tonnes of vanadium resources and has excellent infrastructure access

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Chalice applications
N Intermin / AXF tenure (ASX: IRC)
50km Highways
Railway
Town
Flinders River
Vanadium resource
Project
Radiometric Low-High
Rosbury (Intermin)
1.76Bt @ 0.31% V2O5
Lilyvale (Intermin)
0.67Bt @ 0.35% V2O5
Townsville
Mt Isa
~380km
~250km
Richmond Hughenden
Manfred &
Burwood
Saint Elmo
(Intermin) (Multicom) Flinders River
0.55Bt @ 0.29% V2O5 Project
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• Nine exploration licence applications

• Surrounds the ~2.6Bt @ 0.32% V2O5 shalehosted Richmond Vanadium Project (AXF Group / Intermin Resources ASX: IRC)

• Vanadium-bearing Toolebuc shale potentially extends over licence areas based on a similar radiometric response

• Wide spaced aircore drilling program to assess thickness and grade planned

43

Julimar Nickel-Vanadium Project is prospective for Nickel-Copper-PGEs and intrusion related Vanadium-Titanium mineralisation

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Yarawindah Brook (Cassini) •
Two licence applications
covering an interpreted
large (26 x 7km) layered
Large layered Mafic- mafic-ultramafic intrusive
Ultramafic complex
Julimar Projec t (V-Ti targets) complex
•
Excellent access via
18m @ Great Northern
0.25% V2O5 Ni-Cu-PGE Highway, located
targets
just 80km NE of Perth
18m @ 0.25%
V2O5 •
Geophysics program
Coates (Australian Vanadium) scheduled for end Q3 2018
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Portfolio of District-Scale, High Impact Projects in Australia and Canada

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Warrego North
-
Copper Gold Project Flinders River
-
(70 100%) Vanadium Project
(100%)
Yilgarn Gold
Project
-
(75 100%)
Kinebik Gold
Julimar Nickel- Project
(100%)
Vanadium Project
(100%)
Pyramid Hill
Gold Project East Cadillac
(100%)
Gold Project
-
(70 100%)
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