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CHALICE MINING LIMITED Regulatory Filings 2021

Apr 29, 2021

64649_rns_2021-04-29_a0c3bb69-43ff-4ad9-87f3-b257761ec2b1.pdf

Regulatory Filings

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30 April 2021

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Clarification of Media Article and Research Report

Chalice Mining Limited (“Chalice” or “the Company”, ASX: CHN | OTCQB: CGMLF) refers to a Mining News article dated 28 April 2021 titled “Chalice Juggernaut Rolls On” (“ Article ”). The Article refers to an uncommissioned research report issued by Macquarie Securities (Australia) Limited (“ Research Report ”) following the release of the Company’s announcement titled “Resource Drilling Delivers Growth at Julimar” on 22 April 2021.

Chalice advises that it does not endorse the forward-looking statements made in the Article and the Research Report including the following matters:

  • valuation estimates for Chalice’s shares;

  • estimates of the potential “mining inventory” for the Julimar Nickel-Copper-PGE Project ( Julimar Project ); and

  • estimates of production forecasts, capital costs and operating costs for the Julimar Project.

Investors are cautioned not to rely on the forward-looking statements made in the Research Report and Article and to utilise information released by the Company for their investment decisions.

In relation to the Julimar Project, the Company has not reported a mineral resource, nor has it undertaken any mining studies to support forward-looking statements such as the production forecasts and forecast financial statements contained in the Article and the Research Report.

As previously announced, Chalice is continuing with resource drilling at the Julimar Project and currently anticipates that a maiden mineral resource estimate will be announced late in Quarter 3 of 2021.

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 Alex Dorsch Managing Director Chalice Mining Limited +61 8 9322 3960 [email protected]

Media Enquiries Nicholas Read Principal and Managing Director Read Corporate Investor Relations +61 8 9388 1474 [email protected]

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

Registered Office

ABN 47 116 648 956

Level 2, 1292 Hay Street West Perth, Western Australia T: +61 8 9322 3960 [email protected] @chalicemining GPO Box 2890, Perth WA 6001 F: +61 8 9322 5800 www.chalicemining.com chalice-mining