Chalice Gold Mines (ASX: CHN; TSX: CXN) is pleased to announce that its 60 per cent-owned subsidiary, Zara Mining Share Company (“ZSMC”), has been granted two Mining Licences covering the high-grade Koka Gold Mine at the Zara Project.

The two licences, ML’s 01/2012 and 02/2012, cover an area of 16.42 square kilometres and are valid for a minimum of 18 years. Regards

TIM GOYDER Executive Chairman M: +61 418 942 908 E: tgoyder@chalicegold.com w: chalicegold.com

DOUG JONES Managing Director M: +61 438 872 0990 E: djones@chalicegold.com

JOANNE JOBIN North American Investor Relations M: +1 647 963 0292 E: jjobin@chalicegold.com