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CHALICE MINING LIMITED Share Issue/Capital Change 2007

Jan 15, 2007

64649_rns_2007-01-15_436c25cf-6deb-4cd7-8b0e-72d702cc18bd.pdf

Share Issue/Capital Change

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Chalice Gold Mines Limited Level 2, 1292 Hay Street West Perth Western Australia 6005 GPO Box 2890 Perth Western Australia 6001 +618 9322 3960 Phone: Fox: +618 9322 5800 [email protected] Email: Web: www.challcegold.com

16 January 2007

Australian Stock Exchange Via Electronic Lodgment

Dear Sirs

The Company advises that 250,000 unlisted options (25 cent options expiring 21 March 2011) and 500,000 unlisted options (25 cent options expiring 1 May 2011) have been forfeited under the Company's Employee Share Option Plan.

Yours faithfully

W Hucker

RICHARD HACKER Company Secretary