CHALICE MINING LIMITED — Major Shareholding Notification 2020

Nov 24, 2020

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme Chalice Gold Mines Ltd (CHN) ACN/ARSN 116 648 956 1. Details of substantial holder (1) Name Regal Funds Management Pty Ltd (RFM) ACN/ARSN (if applicable) 107 576 821 The holder ceased to be a substantial holder on 23/11/2020 The previous notice was given to the company on 28/09/2020 The previous notice was dated 24/09/2020

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 Person whose relevant Nature of change Consideration given in relation to Class (6) and number of Person's votes change interest changed (4) change(5) securities affected affected Refer annexure 1

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association NOT APPLICABLE 4. Addresses The addresses of persons named in this form are as follows: Name Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY PHILIP KING NSW 2000 Signature print name Philip King capacity Director sign here date 25/11/2020

4. Addresses

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

Annexure 1

Changes in relevant interests

Date	Person whose relevant interest changed	Nature of Change	Consideration given in relation to change	Number of securities affected	Class of securities	Persons votes affected
25/09/2020	Regal Funds Management	Buy	246320.99	103210	Ordinary	103210
28/09/2020	Regal Funds Management	Buy	1250600.00	500000	Ordinary	500000
29/09/2020	Regal Funds Management	Buy	697530.84	252153	Ordinary	252153
29/09/2020	Regal Funds Management	Sell	634948.25	228596	Ordinary	228596
30/09/2020	Regal Funds Management	Buy	421235.11	162727	Ordinary	162727
30/09/2020	Regal Funds Management	Sell	390781.17	150393	Ordinary	150393
2/10/2020	Regal Funds Management	Sell	486317.67	188466	Ordinary	188466
6/10/2020	Regal Funds Management	Buy	429977.53	154507	Ordinary	154507
7/10/2020	Regal Funds Management	Buy	437539.79	156214	Ordinary	156214
7/10/2020	Regal Funds Management	Buy	725719.92	262942	Ordinary	262942
9/10/2020	Regal Funds Management	Buy	443929.27	156506	Ordinary	156506
12/10/2020	Regal Funds Management	Buy	798557.90	236127	Ordinary	236127
14/10/2020	Regal Funds Management	Buy	115111.28	36186	Ordinary	36186
14/10/2020	Regal Funds Management	Buy	30414.04	9686	Ordinary	9686
27/10/2020	Regal Funds Management	Buy	175485.51	65509	Ordinary	65509
30/10/2020	Regal Funds Management	Sell	20072.97	7407	Ordinary	7407
3/11/2020	Regal Funds Management	Buy	392884.62	133976	Ordinary	133976
3/11/2020	Regal Funds Management	Sell	1153932.00	390000	Ordinary	390000
6/11/2020	Regal Funds Management	Buy	3624.92	1185	Ordinary	1185
6/11/2020	Regal Funds Management	Sell	307450.00	100000	Ordinary	100000
11/11/2020	Regal Funds Management	Buy	1305.17	404	Ordinary	404
11/11/2020	Regal Funds Management	Buy	721624.01	225233	Ordinary	225233
12/11/2020	Regal Funds Management	Buy	7009.57	2154	Ordinary	2154
17/11/2020	Regal Funds Management	Sell	148329.32	42938	Ordinary	42938
18/11/2020	Regal Funds Management	Sell	930900.00	250000	Ordinary	250000
18/11/2020	Regal Funds Management	Sell	366380.00	100000	Ordinary	100000
18/11/2020	Regal Funds Management	Sell	482963.00	130000	Ordinary	130000
18/11/2020	Regal Funds Management	Sell	1305115.00	350000	Ordinary	350000
19/11/2020	Regal Funds Management	Buy	514379.48	140710	Ordinary	140710
20/11/2020	Regal Funds Management	Sell	222444.00	60000	Ordinary	60000
20/11/2020	Regal Funds Management	Sell	885072.00	240000	Ordinary	240000
20/11/2020	Regal Funds Management	Sell	812444.86	220133	Ordinary	220133
23/11/2020	Regal Funds Management	Sell	1669262.54	443375	Ordinary	443375