CHALICE MINING LIMITED — M&A Activity 2009

Aug 3, 2009

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SUB-SARAHA RESOURCES SHAREHOLDERS APPROVE MERGER WITH CHALICE GOLD MINES

Chalice Gold Mines Limited (“Chalice”) advises that Sub-Sahara Resources NL (“Sub-Sahara”) shareholders have today approved the merger of the two companies by Scheme of Arrangement (“Scheme”).

97.5% of the number of shareholders present and voting and 99.48% of the total number of shares voted at the meeting voted in favour of the Scheme. These results exceed the requisite majorities for the purposes of the Corporations Act.

The next step in the merger process will be to obtain final Court approval, which Chalice understands in scheduled for a hearing next week.

Further details will be advised to the market shortly.

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Doug Jones Managing Director 4 August 2009

Chalice Gold Mines Limited Level 2/1292 Hay Street, West Perth, WA 6005 GPO Box 2890, Perth, WA 6001 T: +618 9322 3960 F: +618 9322 5800 W: www.chalicegold.com

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