CHALICE MINING LIMITED — Share Issue/Capital Change 2008

Mar 9, 2008

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ABN 47 116 648 956

10 March 2008

Australian Securities Exchange

Dear Sirs

Under listing rule 3.10A, the Company advises that 8,247,263 fully paid ordinary shares and 5,500,000 unlisted options, exercisable at $0.25 on or before 21 March 2011, will be released from escrow on 24 March 2008.

Yours faithfully

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RICHARD HACKER Company Secretary