CHALICE MINING LIMITED — Share Issue/Capital Change 2010

May 30, 2010

31 May 2010

The Manager Australian Securities Exchange Limited Exchange Plaza 2 The Esplanade Perth WA 6000

==> picture [206 x 233] intentionally omitted <==

Dear Sir

Share Issue

Chalice Gold Mines Limited (“the Company”) advises that the allotment and issue of 21,613,080 fully paid ordinary to institutional and sophisticated investors was completed today (“the Issue”).

In relation to the Issue, the Company provides the following information in accordance with section 708A (6) of the Corporations Act (“the Act”):

• (a) the Issue was made without a disclosure document under Part 6D.2 of the Act;

• (b) this Notice is given under section 708A(5)(e) of the Act;

• (c) as at the date of this Notice, the Company has complied with the provisions of chapter 2M of the Act as they apply to the Company and section 674 of the Act;

• (d) as at the date of this Notice, there is no excluded information to be provided in accordance with section 708A(7) and (8) of the Act.

Yours faithfully

==> picture [77 x 33] intentionally omitted <==

RICHARD HACKER Company Secretary