Frequently Asked Questions

1. How many ounces of gold does Chalice currently have?
   The Koka Gold Deposit (of which Chalice currently has an interest of 100%) has an indicated and inferred resource estimate of 5 million tonnes at an average grade of 5.3 g/t gold for 840,000 ounces gold at a cut-off of 1.2g/t.
2. What participation rights does the Eritrean Government have?
   The Government of Eritrea has a 10% non-contributing interest in any mining operation, but may acquire, on the basis of an independently determined valuation, an additional 20% contributing interest.
3. When does Chalice aim to commence development?
   The Company has recently completed a Feasibility Study, with development targetted to commence in 2011.
4. Where are your operations located?
   Chalice’s largest project, Zara Project, is located in Eritrea, East Africa. Chalice also has three further exploration projects located throughout Western Australia, the Yandeearra Project, Gnaweeda Project and Wilga Project.
5. What is the growth potential for Chalice?
   A preliminary geological assessment of the region indicates that there is considerable opportunity to locate additional ore bodies in similar geological settings along the strike from the main Koka Gold Deposit.
   Chalice holds a substantial land package of 615 square kilometres with little, if any, exploration. An aggressive exploration program will provide a unique opportunity for the discovery of additional gold and base metal deposits resulting in excellent growth potential.
6. What is your ASX code?
   The shares of Chalice Gold Mines Limited trade on the Australian Securities Exchange under the symbol CHN.
7. How can I buy shares in Chalice?
   You need a stockbroker to buy or sell shares on your behalf. There are many stockbrokers in Australia and internationally which will be able to assist you with the purchase of Chalice shares.
8. How do I go about changing registration details?
   Chalice Gold Mines Limited's share registry is managed by:
   Computershare Investor Services Pty Ltd
   Level 2, 45 St George's Terrace
   Perth, Western Australia,  6000
   Telephone: +61 8 9323 2000
   Website: computershare.com.au
   To modify key details such as change of address, change of account and change of name, please download and submit the relevant forms from the Computershare website or simply log into the “Investor Centre”, and using your share details you can make many account changes.
9. Can I receive my shareholder information and financial reports electronically?
   Yes, as above, you can elect to receive annual reports and information electronically through the Computershare website, computershare.com.au.
10. Can I talk to someone to get further details?
    Yes. Please contact Richard Hacker, Company Secretary for Chalice Gold Mines Limited. Alternatively, please contact your sharebroker direct:
    P: (08) 93322 3960
    E: info@chalicegold.com