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CHALICE MINING LIMITED Share Issue/Capital Change 2009

Aug 31, 2009

64649_rns_2009-08-31_d2a024de-2b0c-4581-a7d0-1fd694508764.pdf

Share Issue/Capital Change

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ABN 47 116 648 956
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1 September 2009

Graham Gates Team Leader Quotations Australian Securities Exchange Limited Level 4, 20 Bridge Street Sydney NSW 2000

Dear Graham

Regarding the application for quotation of fully paid shares in Chalice issued pursuant to the Scheme of Arrangement between Sub-Sahara Resources NL and its shareholders (“Scheme”) I confirm the following:

  1. The allotment and issue of 46,706,810 fully paid ordinary shares in relation to the Scheme occurred on 26 August 2009.

  2. Outside the terms of the Scheme but conditional on the Scheme coming into effect, Chalice Gold Mines has also allotted and issued a further 1,613,727 fully paid ordinary shares to acquire the Sub-Sahara Resources unlisted partly paid shares and unlisted options.

  3. Following allotment and issue of all of the above, there are 121,120,537 fully paid ordinary shares on issue and 6,825,000 unlisted options to acquire fully paid ordinary shares.

  4. Attached is a statement setting out the names of the 20 largest holders of fully paid ordinary shares following the allotment and issue of all of the shares above.

Should you have any questions please do not hesitate to contact me on 08 9322 3960.

Yours faithfully

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RICHARD HACKER Company Secretary

Names of Top20 Holders No. of Units %
Plato ProspectingPtyLtd 11,408,057 9.42
Anvil MiningLimited 8,387,698 6.93
Plato ProspectingPtyLtd 6,034,343 4.98
Balfes(Qld)PtyLtd 5,260,470 4.34
ANZ Nominees Limited 4,662,917 3.85
Merrill Lynch(Australia)Nominees PtyLtd 3,869,684 3.19
Sundowner International Limited 3,658,975 3.02
Lujeta PtyLtd <The Margaret Account) 3,304,591 2.73
Nefco Nominees PtyLtd 3,215,289 2.65
Colbern FiduciaryNominees PtyLtd 3,000,000 2.48
Calm Holdings PtyLtd 2,842,170 2.35
CiticorpNominees PtyLtd 2,122,414 1.75
HSBC CustodyNominees(Australia)Ltd 1,738,013 1.43
Helen JoyAlexander 1,280,000 1.06
Lost Ark Nominees PtyLtd 1,200,000 0.99
PhilipScott Button & Philippa Anne Nicol 1,169,876 0.97
Tara Management PtyLtd 1,132,012 0.93
Greenslade Holdings PtyLtd 1,000,000 0.83
Define ConsultingPtyLtd 971,772 0.80
Laguna BayCapital PtyLtd 946,036 0.78