CHALICE MINING LIMITED — Major Shareholding Notification 2010

Jul 26, 2010

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LUJETA PTY LIMITED

Suite 703, Floor 7 621 Pacific Highway
ST LEONARDS NSW 2065

FACSIMILE

TÒ:	ASX	FROM: W. Paterson
ATTN:	The Manager	DATE: 27 July 2010
FAX :	1300 135 638
	SUBJECT: Change in Substantial Shareholding In Chalice Gold Mines	No. of Pages incl. this: 3

Dear Sirs,

I provide details of my company's shareholding in Chalice Gold Mines.

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W. Paterson

604 page 1/2 15 July 2001

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Comorations Act 2001 Section 6718

Notice of change of interests of substantial holder

To Company Name/Scheme	CHALICE GOLA MINES
ACN/ARSN	956 648 166 47
1. Details of substantial holder(1) Name	LUJETA PTY LTD $(M_{\text{avg}}$ and $\sim$	(LUJEM)
ACN/ARSN (if applicable)	930 86 S ರ್ $\prime$
There was a change in the interests of the substantial holder on The previous notice was given to the company on The previous notice was dated	23/7/10 12/3/10 2/3/10

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now r

Class of securities (4)	Previous notice		---- Present notice	---------------
---------------------------------------	Person's votes	Voting power (5)	Person's votes!	Voting power (5)
OM Asy	よやりクラック	$\sim$ 0.7
--------		---	_____	-----------

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the
substantial holder was last required to give

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
الملحص مراجع	Cupta	Acquired on worldt and $\overline{1}$	1.9m		4087283 4087283
		Machine ь.,

4. Present relevant interests

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Particulars of each relevant interest of the substantial holder in vating securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (B)	Nature of relevant interest (6)	Class and number of securities	Person's votes
inut	Lineten	4		, m	m

PWG

604 page 2/2 15 July 2001

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

PWG

ACHIADEM RE Name and applicable) . . ٦N -----	Nature of association --- -----	. __
		$\overline{\phantom{a}}$
---- ___ -------	-----

8. Addresses

The addresses of persons named in this form are as follows:

---- Name -------- .	. Address ---	____ –
---	Alba ___ . ____	-------
__	$\mathbf{\mathbf{r}}$ - - Charmer Committee ------

Signature

IILIAM PATERPON print name capacity sign here date $2$

DIRECTIONS

$(1)$ If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

(6) Include details of:

$(a)$ any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to 仙 which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

ω Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, becom'e entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown". $(3)$

(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.