CHALICE MINING LIMITED — Major Shareholding Notification 2011

May 24, 2011

Form 604

Corporations Law

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Chalice Gold Mines Limited ACN/ARBN 47 116 648 956

1. Details of substantial holder (1)

Name Franklin Resources, Inc. and its affiliates ACN (if applicable) N/A There was a change in the interests of the substantial holder on 05/23/2011 The previous notice was given to the company on 05/28/2010 The previous notice was dated 05/28/2010

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 required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person’s votes	Voting Power (5)	Person’s votes	Voting Power (5)
Ordinary Shares	26,663,150	14.89%	31,107,008	12.44%*

*Based on shares outstanding of 250,030,886

Note: The purpose of this disclosure is due to an increase in the outstanding shares.

3. Changes in relevant interests

2

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an association in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

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
See Annexure B, item 1	See Annexure B, item 2	See Annexure B,item3	See Annexure B, item 4	See Annexure B, item 5	See Annexure B, item 6

4. Present relevant interests

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

Holder of relevant interest See Annexure B, item 7	Registered holder of securities	Person entitled to be registered as holder(8)	Nature of relevant interest(6)	Class and number of securities	Person’s votes
	See Annexure B, item 9	See Annexure B, item 12	See Annexure B, item 3	See Annexure B, item 8, 10 & 13	See Annexure B, item 8

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:

Name and ACN (if applicable)	Nature of association
NOT APPLICABLE

6. Addresses

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

Name	Address
SeeAnnexureA	SeeAnnexureA

Signature

print Lori A. Weber Capacity: name Assistant Secretary, Franklin Resources, Inc. sign here date May 24, 2011

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Annexure A

1 Names and addresses of all associates for whom composite notice is given:

Name	Address
Franklin Resources, Inc.	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
Algebra Capital Limited	Level 7, Gate Precinct Building 3, Unit 5, Dubai International Financial Centre, Sheikh Zayed Road, Dubai, UAE
Asian Infrastructure Mezzanine Capital Management Co.,Ltd.	Unit 1607-1608, 16thFloor, Charter House, 8 ConnaughtRoad, Central,HongKong
C&EEGeneral Partner Ltd.	St.HelierJersey, Channel Islands
C&EE PrivateEquityPartners,L.P.	St.HelierJersey, Channel Islands
Darby Asia Investors (HK), Ltd.	Unit 1607-1608, 16thFloor, Charter House, 8 ConnaughtRoad, Central,HongKong
Darby Asia Investors (India) Private Limited	Sakhar Bhavan, 1st Floor, 230 Backbay Reclamation Nariman Point,Mumbai 400-021,India
Darby Asia Investors, Ltd.	Unit 1607-1608, 16thFloor, Charter House, 8 ConnaughtRoad, Central,HongKong
Darby Asia Mezzanine Fund II Management Co. Ltd.	Georgetown, Cayman Islands
Darby Brazil Mezzanine Management LLC	1133 Connecticut Ave., NW, Suite 400 Washington,DC20036
Darby CEE Founder Partner II, LLC	1133 Connecticut Ave., NW, Suite 400 Washington,DC20036
Darby Converging Europe Founder Partner, L.P.	1133 Connecticut Ave., NW, Suite 400 Washington,DC20036
DarbyEmergingMarketsInvestmentsLtd.	Georgetown, Cayman Islands
DarbyEuropeMezzanineManagement	Georgetown, Cayman Islands
Darby Holdings, Inc.	1133 Connecticut Ave., NW, Suite 400 Washington,DC20036
Darby Latin American Mezzanine Investments	Rua Jeronimo Da Veiga 45 – 4thFloor 04536-000 SaoPaulo (Sp)Brazil
Darby Latin American Mezzanine Management II,LLC	2711 Centerville Road, Suite 400, Wilmington, Delaware 19808
Darby Overseas Investments Ltd.	1133 Connecticut Ave., NW, Suite 400 Washington,DC20036
Darby Overseas Partners, L.P.	1133 Connecticut Ave., NW, Suite 400 Washington,DC20036
Darby Private Equity Korea Ltd.	20th Floor, Korea First Bank Building, 100 Gongpyungdong, Jongno-Gu, Seoul,110-702 Korea.
Darby Stratus Administracao De Investimentos LTDA.	Rua Jeronimo Da Veiga 45 – 4thFloor 04536-000 SaoPaulo (SP)Brazil
Darby-Hana Infrastructure Fund Management Co.Ltd.	18thFloor, SKC Building 23-10, Youido-Dong, Youngdungpo-Gu, Seoul, S.Korea150-734
Darby-Probanco Investors, LLC	1133 Connecticut Avenue, NW, Suite 400, Washington, DC20036
FCC Receivables Corporation	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
Fiduciary International Holding Inc.	1717 Pennsylvania Avenue N.W., Suite 630 Washington DC20006
Fiduciary International Ireland Limited	Unit 2F, Block 71, The Plaza, Park West, Dublin 12,Ireland

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FiduciaryInternational,Inc.	600 5thAvenue, NewYork, NewYork 10020
FiduciaryInvestment Corporation	600 5thAvenue, NewYork, NewYork 10020
Fiduciary Investment Management International, Inc.	1133 Connecticut Avenue, NW, Suite 330, Washington D.C.20036
FiduciaryTrust (International) S.A.	Bahnhofstrasse22, Ch-8022 Zurich, Switzerland
FiduciaryTrust CompanyInternational	600 5thAvenue, NewYork, NewYork 10020
Fiduciary Trust Company Of Canada	350 Seventh Avenue SW, Suite 3000, Calgary, Alberta, T2P3N9
Fiduciary Trust International Limited	The Adelphi Building, 1-11 John Adam Street, London, WC2N 6HT
Fiduciary Trust International Of California	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
FiduciaryTrustInternationalOf Delaware	1220 North Market Street, Wilmington,Delaware19801
Fiduciary Trust International Of The South	200 South Biscayne Boulevard, Suite 3050, Miami, Florida 33131
Franklin Advisers Gp, LLC	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
Franklin Advisers Inc.	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
Franklin Advisory Services,LLC	OneParker Plaza, 9thFloor,FortLee, NJ 07024-2938
Franklin Capital Corporation	47 West 200 South, Salt Lake City, UT 84104-1621
Franklin Investment Advisory Services, LLC	1133 Connecticut Ave., NW, Suite 400 Washington,DC20036
Franklin Mutual Advisers, LLC	101 John F. Kennedy Parkway, Short Hills, NJ 07028- 2789
Franklin Receivables, LLC	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
FranklinSPE,LLC	47 West200 South, Suite 500, SaltLake City, UT84101
Franklin Templeton Asset Management (India) PrivateLimited	Sakhar Bhavan, 1stFloor, 230 Backbay Reclamation, Nariman Point,Mumbai,400-021
Franklin Templeton Asset Management (Malaysia) Sdn.Bhd.	Suite 1005, 10thFloor, Wisma Hamzah-Kwong Hing No. 1,Leboh Ampang, 50100,KualaLampur,Malaysia
Franklin Templeton Asset Management Mexico, S.A. De C.V., Sociedad OperadoraDe SociedadesDeInversión	770 Montes Urales, Fourth Floor, Lomas de Chapultapec, 11000 Mexico, D.F.
Franklin Templeton Austria GmbH	4th Floor, Vienna1010,Austria
Franklin Templeton Bank & Trust, F.S.B.	Box 17406, Salt Lake City, UT 84117
Franklin Templeton Capital Holdings Private Limited	1st Floor, Empire Tower, 26-28 Ham Nghi District 1, Ho Chi MinhCity, Vietnam
Franklin Templeton Companies, LLC	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
Franklin Templeton France S.A.	16-18Avenue George V, 75008Paris,France
Franklin TempletonGlobal InvestorsLimited	5MorrisonStreet,Edinburgh, Scotland,EH3 8BH
Franklin Templeton Holding Limited	C/O Pricewaterhouse Coopers LLP CathedralSquare,PortLouis,Mauritius
Franklin Templeton Institutional Gp, LLC	1133 Connecticut Ave., NW, Suite 400 Washington, DC 20036
Franklin Templeton Institutional,LLC	600 5thAvenue, NewYork, NewYork 10020
Franklin Templeton International Services (India) PrivateLimited	Franklin Templeton Park, 18-23, Financial District, Nanakramguda,Hyderabad-500019India
Franklin Templeton International Services S.A.	26 Boulevard Royal, L-2449 Luxembourg, Grand Duchy Of Luxembourg
Franklin Templeton Investimentos (Brasil) Ltda.	Rua Jerônimo Da Veiga, 45 - 4º Andar SãoPaulo-Sp, 04536-000,Brasil

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Franklin Templeton Investment Management Limited	5 Morrison Street, Edinburgh,EH3 8BH
Franklin Templeton Investment Services Gmbh	Mainzer Landstr. 16, D-60325 Frankfurt-Am-Main, Germany
Franklin Templeton Investment Services Mexico S.DeR.L.	Montes Urales 770, Oficina 401, Lomas De Chapultepec, Mexico City C.P.11000,Mexico
Franklin Templeton Investment Trust Management CoLtd (Korea)	3rd Floor, Ccmm Building 12 Youido-Dong, Youngdungpo-Gu, Seoul, South Korea150-968
Franklin Templeton Investments (Asia) Limited	17thFloor, Chater House, 8 Connaught Road Central, HongKong
Franklin Templeton Investments Australia Ltd.	Level 25, 360 Collins Street, Melbourne, Victoria 3000, Australia
Franklin Templeton Investments Corp	5000 Yonge Street Suite 900, Toronto, Ontario M2N 0A7, Canada
Franklin Templeton Investments Japan Limited	Kanematsu Building, 6thFloor, 14-1, Kyobashi 2-Chome, Chuo-Ku,Tokyo104-0031, Japan
Franklin Templeton Investments Poland Sp.Z.O.O	Rondo ONZ 1, 00-124 Warszawa
Franklin Templeton Investor Services, LLC	10600 White Rock Road, Rancho Cordova, Ca 95670- 6032
Franklin Templeton Italia SIMS.P.A	C.SoItalia, N.1,20122 Milano,Italy
Franklin Templeton Luxembourg Holding S.A.	26 Boulevard Royal, L-2449 Luxembourg Grand Duchy Of Luxembourg
Franklin Templeton Magyarorszag Kft. (Also Known As Franklin Templeton Hungary L.L.C.)	Bank Center, Citibank Tower, Szabadsag ter 7, 1054 Budapest, Hungary
Franklin Templeton Management Luxembourg SA	26 Boulevard Royal, L-2449 Luxembourg, Grand Duchy Of Luxembourg
Franklin Templeton Portfolio Advisors, Inc.	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
Franklin Templeton Services Limited	The Sweepstakes Centre, Block C, Ballsbridge, Dublin 4, Ireland
Franklin Templeton Services, LLC	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
Franklin Templeton Strategic Investments, Ltd.	P.O. Box 309GT, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands.
Franklin Templeton Switzerland Ltd.	Bahnhofstrasse 22, Ch-8022 Zurich, Switzerland
Franklin Templeton Travel, Inc.	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
Franklin Templeton Trustee Services Private Limited	Sakhar Bhavan, 1st Floor, 230 Backbay Reclamation, Nariman Point, Mumbai 400-021 India
FS Capital Group	1800 Gateway Drive, San Mateo, CA 94404
FS Properties, Inc	1800 Gateway Drive, San Mateo, CA 94404
FT Opportunistic Distressed Fund Ltd.	Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands.
FTCI (Cayman) Ltd.	11 Dr. Roy’s Drive, Grand Cayman, Cayman Islands
Iti Capital Markets Limited	Century Centre, 75 Ttk Road, Chennai, India 600018

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Mutual Recovery Fund, Ltd.	P.O. Box 309GT, Ugland House, George Town, Grand Cayman, Cayman Islands, KY1-1104.
Rensburg Fund Management Limited	Quayside House Canal Wharf, Leeds, LS11 5PU
Riva Financial Systems Limited	Old Chapel, Union Mills, Main Road Braddan, Isle Of Man Im4 4ad
Templeton Asset Management (Labuan) Limited	Lot H, Level 7, Wisma Oceanic, Jalan Okk Awang Besar, 87007 Federal Territory Of Labuan, Malaysia
Templeton Asset Management Ltd.	7 Temasek Boulevard, #38-03 Suntec Tower One, Singapore, 038987
Templeton China Research Limited	701b Citigroup Tower, 33 Hua Yuan Shi Qiao Road, Pudong Shanghai 200120 P.R. China
Templeton Do Brasil Ltda.	Rua Lauro Muller 116, Sala 2404, Rio De Janeiro, RJ, Brazil
Templeton Franklin Global Distributors Limited	Appleby, Spurling & Kempe, 41 Cedar House Avenue, P.O. Box Hm 1179, Hamilton Hm Ex, Bermuda
Templeton Global Advisors Limited	P.O. Box N-7759, Lyford Cay, Nassau, Bahamas
Templeton Global Holdings Ltd.	P.O. Box N-7759, Lyford Cay, Nassau, Bahamas
Templeton International, Inc.	500 E.Broward Blvd., Fort Lauderdale, FL 33394-3091
Templeton Investment Counsel, LLC	500 E.Broward Blvd., Fort Lauderdale, FL 33394-3091
Templeton Restructured Investments III, Ltd.	500 E.Broward Blvd., Fort Lauderdale, FL 33394-3091
Templeton Restructured Investments, Ltd.	500 E.Broward Blvd., Fort Lauderdale, FL 33394-3091
Templeton Worldwide Inc.	500 E.Broward Blvd., Fort Lauderdale, FL 33394-3091
Templeton/Franklin Investment Services, Inc.	26515 Carmel Rancho Blvd., Carmel, CA 93923
Franklin Templeton Financial Services Corp.	600 Fifth Avenue, New York, NY 10020
Franklin/Templeton Distributors, Inc.	One Franklin Parkway, San Mateo, CA 94403
Darby Colpatria Capital SAS	1133 Connecticut Ave., NW, Suite 400 Washington, DC 20036
LSIMC, LLC	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
Darby Latin American Investors, Ltd.	PO Box 309GT, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands
Darby Private Equity Brasil Administracao De Investimentos Ltda	Av. Brigadeiro Faria Lima, 3311, 5th floor, Itaim Bibi, São Paulo
DLAMF II Special Company, LLC	Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808
Franklin Templeton Investment Management GmbH	St. Helier Jersey, Channel Islands

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Darby Asia Founder Partner, L.P.	M&C Corporate Services Limited, P.O. Box 309GT, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands
Templeton Restructured Investments, L.L.C.	1013 Centre Road, Wilmington, DE 19805
TSEMF III (Jersey) Limited	Whiteley Chambers, Don Street, St Helier, Jersey, JE4 9WG
Franklin Templeton GSC Asset Management Sdn. Bhd.	Suite 31-02, 31st Floor, Menara Keck Seng, 203 Jalan Bukit Bintang, 55100, Kuala Lumpur, Malaysia
Franklin Templeton Slovakia, s.r.o.	Karadźičova 8/a, Bratislava, 821 08, Slovak Republic
FTC Investor Services Inc.	350 Seventh Avenue SW, Suite 3000, Calgary, Alberta, T2P 3N9

This is the annexure of 5 pages marked Annexure A signed by me and dated May 24, 2011.

........................................................................... Lori A. Weber, Assistant Secretary

Annexure B Details of Entitlement and Relevant Interests

2. Person Whose Relevant Interest Changed	3. Nature of Change	4. Consideration in AUD$	5. Class and Number of Securities affected	6. Persons votes effected

09/08/2010	Franklin Advisers,Inc			Rights Issue			0.42	4,443,858		4,443,858
7. Holder of Relevant Interest							8. Person's votes
Franklin Advisers,Inc.							31,107,008		votes
9. Registered Holder of Securities		10. Class and Number of Shares							11. Person's votes
JP MorganChaseBank		35,000			Ordinary				35,000		votes
National AustraliaBank		31,072,008			Ordinary				31,072,008		votes
12. Person entitled to be registered as holder			13. Class and Number of Shares						14. Person's votes
Mutual Funds
Frk Gold & Precious Metal			31,072,008			Ordinary			31,072,008		votes
FTIF Frk Gold & Precious Metal			35,000			Ordinary			35,000		votes

This is the annexure of 1 page marked Annexure B referred to in the Form 604: Notice of change in interests or entitlements of substantial shareholder signed by me and dated May 24, 2011.

..............................................…….................. Lori A. Weber, Assistant Secretary