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CHALICE MINING LIMITED Capital/Financing Update 2021

May 30, 2021

64649_rns_2021-05-30_7b5ba714-d8f1-4096-be31-83e3bc51d282.pdf

Capital/Financing Update

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31 May 2021

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Settlement of Key Property Purchases at Julimar

Chalice Mining Limited (“Chalice” or “the Company”, ASX: CHN | OTCQB: CGMLF) advises that further to the announcement dated 19 April 2021, settlement of the acquisition of three key private properties at its 100% owned Julimar-Nickel-Copper-PGE Project in Western Australia occurred today.

The three properties were acquired for consideration comprising $7.75 million in cash and 1,033,294 ordinary fully paid Chalice shares.

The completion of this land acquisition is an important milestone for the Julimar Project as it provides access to all of the current known mineralisation at the Gonneville intrusion, the geological host to Chalice’s major PGE-Ni-Cu-Co-AU discovery.

Authorised for release on behalf of the Company by:

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Alex Dorsch Managing Director

For further information, please visit www.chalicemining.com to view our latest corporate presentation, or contact:

Corporate Enquiries Media Enquiries Alex Dorsch Nicholas Read Managing Director Principal and Managing Director Chalice Mining Limited Read Corporate Investor Relations +61 8 9322 3960 +61 8 9388 1474 [email protected] [email protected]

Follow our communications: LinkedIn: chalice-mining Twitter: @chalicemining

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Chalice Mining Limited ASX: CHN | OTCQB: CGMLF ABN 47 116 648 956 Level 2, 1292 Hay Street T: +61 8 9322 3960 [email protected] @chalicemining West Perth, Western Australia F: +61 8 9322 5800 www.chalicemining.com chalice-mining