CHALICE MINING LIMITED — Share Issue/Capital Change 2021

Nov 24, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

CHALICE MINING LIMITED

Date of this announcement

Thursday November 25, 2021

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Option Expiring 19-Feb-24 EX $6.72	150,000	25/11/2021
to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

CHALICE MINING LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

47116648956

1.3 ASX issuer code

CHN

1.4 The announcement is

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New announcement

1.5 Date of this announcement

25/11/2021

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

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ASX +security code +Security description
New class - code to be confirmed Option Expiring 19-Feb-24 EX $6.72
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
25/11/2021
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
Yes
Provide details of the KMP or +associates being issued +securities.
Name of KMP Name of registered holder Number of +securities
Stephen McIntosh Stephen McIntosh 150,000
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Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. A summary of the material terms of the Options are included in Schedule 5 of the Notice of Annual General Meeting Explanatory Memorandum (Notice) lodged with the ASX on 22 October 2021. A copy of the Notice is available at https://w ww.asx.com.au/asxpdf/20211022/pdf/451zzjddzk4tvk.pdf

Options Details

+Security currency AUD - Australian Dollar

Exercise price Expiry date AUD 6.72000000 19/2/2024

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

CHN : Ordinary Fully paid shares

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

A summary of the Employee Securities Incentive Plan is included in Schedule 2 of the Notice of Annual General Meeting Explanatory Memorandum (Notice) lodged with the ASX on 22 October 2021. A copy of the Notice is available at https://w ww.asx.com.au/asxpdf/20211022/pdf/451zzjddzk4tvk.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

150,000

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
CHN : ORDINARY FULLY PAID	354,238,180

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
CHNAC : OPTION EXPIRING 30-JUN-2023 EX $2.20	250,000
CHNAI : PERFORMANCE RIGHT	6,758,584
New class - code to be confirmed : Option Expiring 19-Feb-24 EX $6.72	150,000

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

24/11/2021

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