CHALICE MINING LIMITED — Share Issue/Capital Change 2011

Mar 9, 2011

10 March 2011

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

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Dear Sirs

Share Issue

In relation to the issue of 1,000,000 fully paid ordinary shares as a result of the exercise of share options on 8 March 2011, 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