CHALICE MINING LIMITED — Share Issue/Capital Change 2011

May 26, 2011

27 May 2011

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

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Dear Sir

Share Issue

Chalice Gold Mines Limited (“the Company”) advises that the allotment and issue of 32,000,000 fully paid ordinary shares to institutional and sophisticated investors has been completed (“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

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RICHARD HACKER Company Secretary