CHALICE MINING LIMITED — Share Issue/Capital Change 2022

Sep 4, 2022

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

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

CHALICE MINING LIMITED

Date of this announcement

Monday September 05, 2022

The +securities the subject of this notification are:

==> picture [8 x 9] intentionally omitted <==

+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
CHNAI	PERFORMANCE RIGHT	708,478	05/09/2022

Refer to next page for full details of the announcement

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

1 / 7

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

==> picture [21 x 22] intentionally omitted <==

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

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

5/9/2022

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

2 / 7

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

Part 2 - Issue details

==> picture [21 x 22] intentionally omitted <==

2.1 The +securities the subject of this notification are:

==> picture [8 x 8] intentionally omitted <==

+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:

==> picture [8 x 8] intentionally omitted <==

has an existing ASX security code ("existing class")

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

3 / 7

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

==> picture [21 x 22] intentionally omitted <==

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

ASX +security code and description

CHNAI : PERFORMANCE RIGHT

Date the +securities the subject of this notification were issued

5/9/2022

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class

==> picture [9 x 8] intentionally omitted <==

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 KMPName of registered holderNumber of +securitiesRichard HackerScythe Investments Pty Ltd <ATF86,997	Name of KMPName of registered holderNumber of +securitiesRichard HackerScythe Investments Pty Ltd <ATF86,997	Name of KMPName of registered holderNumber of +securitiesRichard HackerScythe Investments Pty Ltd <ATF86,997	Name of KMPName of registered holderNumber of +securitiesRichard HackerScythe Investments Pty Ltd <ATF86,997	Name of KMPName of registered holderNumber of +securitiesRichard HackerScythe Investments Pty Ltd <ATF86,997	Name of KMPName of registered holderNumber of +securitiesRichard HackerScythe Investments Pty Ltd <ATF86,997	Name of KMPName of registered holderNumber of +securitiesRichard HackerScythe Investments Pty Ltd <ATF86,997	Name of KMPName of registered holderNumber of +securitiesRichard HackerScythe Investments Pty Ltd <ATF86,997	Name of KMPName of registered holderNumber of +securitiesRichard HackerScythe Investments Pty Ltd <ATF86,997
Richard Hacker		Scythe Investments Pty Ltd <ATF
		Hacker Family A/C>
Kevin Frost		Kevin Frost				9,118
						9118
B Kdll		Shll Kdll
ruce ena		eey ena				,
				7		3,652
Soolim Carney		Soolim Carney
Please provide a URor a summary of the	L link for a documterms	ent lodged with	SX det	ailing the terms		of the +	mployee incenti
A summary of the Em	ployee Securities I	ncentive Plan is in	cluded i	n the 2021 Notic		e of Annu	al General Meetin
Explanatory Memora	ndum (Notice) lodg	ed with the ASX o	n 22 Oct	ober 2021. A cop		y of the	Notice is available

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 the 2021 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

Each Performance Right is an entitlement to receive one fully paid ordinary share in Chalice Mining Limited (ASX code:CHN), provided the relevant performance and vesting conditions are satisfied. Refer to the announcement titled "Issue of Performance and Retention Rights" lodged with the ASX, 5 September 2022 for details of the performance and vesting conditions.

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

4 / 7

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

Issue details

==> picture [21 x 22] intentionally omitted <==

Number of +securities

708,478

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

5 / 7

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

==> picture [21 x 22] intentionally omitted <==

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	376,297,194
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 $2.1919	150,000
CHNAI : PERFORMANCE RIGHT	5,115,516
CHNAD : OPTION EXPIRING 19-FEB-2024 EX $6.7119	150,000

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

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

6 / 7

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

==> picture [21 x 22] intentionally omitted <==

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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

13

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

7 / 7