Chalice Gold Mines : Corporate Presentation - 121 Mining Investment Conference

• A$53M in cash and liquid investments: Market cap: A$41M
• On the prowl for high quality acquisition opportunities globally
• High-impact exploration programs underway in Canada and Australia

  ASX: CHN; TSX: CXN

  Forward Looking Statements and Disclaimers

  This presentation does not include all available Information on Chalice Gold Mines Limited and should not be used in isolatio n as a guide to investing in the Company. Any potential investor should also refer to Chalice Gold Mines Limited Annual Reports, filings on sedar.com, and to ASX/TSX releases and take independent professional advice before considering investing in the Company. For further information about Chalice Gold Mines Limited, visit the website at www.chalicegold.com

  Forward-Looking Statements

  This document may contain forward-looking information within the meaning of Canadian securities legislation and forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, forward-looking statements). These forward-looking statements are made as of the date of this document and Chalice Gold Mines Limited (the Company) does not intend, and does not assume any obligation, to update these forward-looking statements except as required by law. Forward-looking statements relate to future events or future performance and reflect Company management's expectations or beliefs regarding future events and include, but are not limited to the results of business development activities which may result in a corporate transaction or investment, the estimation of mineral reserve and Mineral Resources, the realisation of mineral reserve estimates, the likelihood of exploration success, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitatio ns on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as plans, expects or does not expect, is expected, will, may would, budget, scheduled, estimates, forecasts, intends, anticipates or does not anticipate, or believes, or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors may include, among others, risks related to actual results of current and future exploration activities; the future value of shares owned in First Mining Finance Corp; the timing and receipt of the trailing payment from the Nyanzaga Project; changes in project parameters as plans continue to be refined; future prices of Mineral Resources; possible variations in Mineral Resources or ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly readers should not place undue reliance on forward-looking statements.

  QP/CP Statement

  The information in this presentation that relates to the West Pilbara Gold Project is extracted from the announcement entitled "Chalice and Red Hill to explore highly prospective WA gold exploration opportunity through farm-in agreement over West Pilbara Gold Project" dated 20 September 2016.The information in this presentation that relates to the Latitude Hill Project is extracted from the announcement entitled "Chalice secures farm-in agreement on west Musgrave Nickel-Copper-PGE Project, WA" dated 22 September 2016. The above announcements are available to view on the Company's website at www.chalicegold.com.

  The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions in the market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's and Qualifying Persons findings are presented have not been materially modified from the original market announcement.

  2 www.chalicegold.com

  Who is Chalice?

• A well-funded resource company - listed on ASX and TSX

• Strong balance sheet: A$53m in cash and listed investments

• Proven ability to advance projects and realise value for shareholders:

  • We are looking for further high reward opportunities

  • We have the energy, the people and the capacity

• Impressive track record of prudent capital and financial management

• Strong in-house technical team experienced in exploration and project evaluation

• Market capitalisation of ~A$41m versus cash and liquid investments of ~A$53m

• Diversified exploration portfolio of highly prospective gold, copper-gold and nickel

  projects in Canada and Australia:

  • High-impact drilling programs across 4 projects in next 3 - 4 months

A strong platform for growth through exploration success and strategic acquisition

1. www.chalicegold.com

   Corporate and Financial Snapshot

   Key numbers
   Share Price	A$0.155
   Shares on Issue	263 million
   Market Capitalisation	~A$41 million
   Rights/Options on Issue	9.5 million
   Debt	Nil
   Cash at bank (2 May 17)	A$49.0 million
   Listed investments 1	A$4.6 million
   Trailing payment 2	A$5.0 million

   16,000,000

   14,000,000

   0.21

   0.2

   12-month share price

   12,000,000

   10,000,000

   8,000,000

   6,000,000

   4,000,000

   2,000,000

   0.19

   0.18

   0.17

   0.16

   0.15

   0.14

   0.13

   0

   Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17

   Volume Share Price

   0.12

   Traded on ASX and TSX with good volumes and liquidity

2. Market value as at 2 May 2017

3. Due on commercial production at Orecorp's Nyanzaga Project (ASX: ORR)

   A very strong financial platform for growth through

   strategic acquisition and exploration success

   Major shareholders:
   Tim Goyder	16.7%
   Franklin Resource Fund	11.6%

4. www.chalicegold.com