Chalice Gold Mines : Investor Presentation - July 2017

Chalice Gold Mines Ltd

Experienced, Cashed-Up & Primed for Discovery

• >22,000m drilling planned on 5 high potential

  mineral properties in Canada & Australia

• A$7.5M budget is less than current negative EV

Chalice Investor Presentation - July 2017 │ www.chalicegold.com │ ASX:CHN, TSX: CXN

Forward Looking Statements & Disclosures

This presentation does not include all available Information on Chalice Gold Mines Limited and should not be used in isolation 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. 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 estimation of mineral reserve and mineral resources at the East Cadillac Gold Project, the realisation of mineral reserve estimates; the likelihood of exploration success including results of future geophysical surveys, drilling at the East Cadillac Gold Project, the Latitude Hill Project, the Warrego North Project and the West Pilbara Project and other exploration activities; the timing and costs of future exploration activities on the Company's exploration projects; the potential to define future mineral resources and, if successful at any of the Company's exploration projects, the potential viability of any mineral resource so defined; planned expenditures and budgets and the execution thereof; the timing and availability of drill results; potential sites for additional drilling, that general business and economic conditions will not change in a materially adverse manner; 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 limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as plans, planning, expects or does not expect, is expected, will, may, would, potential, budget, scheduled, estimates, forecasts, intends, anticipates or does not anticipate, or believes, occur, or be achieved, 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 exploration activities; changes in exploration programs based upon results of exploration; 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, 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 report that relates to the East Cadillac Gold Project, Quebec mineral resource estimate is extracted from the announcement entitled "Maiden JORC Resource for Nordeau West deposit provides foundation for expanded exploration program at East Cadillac Gold Project, Quebec" dated 7 March 2017. The information in this report that relates to the Warrego North, NT is extracted from the announcement entitled "Chalice discovers copper- gold mineralisation at Warrego North Project, NT" dated 16 June 2017. The information in this report that relates to the Latitude Hill Nickel Project, WA is extracted from the announcement entitled "Chalice secures farm-in agreement on west Musgrave Nickel-Copper-PGE Project, WA" dated 22 September 2016. The information in this report that relates to the West Pilbara Project, WA is extracted from the announcement entitled "March 2017 quarterly activities report" dated 28 April 2017. 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 announcement 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.

Chalice Investor Presentation - July 2017 │ www.chalicegold.com │ ASX:CHN, TSX: CXN 2

Investment Highlights

• Strategic Exploration Footprint across prolific gold and base

  metals mineral belts in Canada and Australia

• >22,000m Drilling Planned for FY 2018 with A$7.5M

  exploration budget for five gold and base metals projects

• Negative EV with ~A$53M (US$40M) in cash and investments

• Experienced Team capable of executing mid-tier global exploration effort without diluting shareholders at the company or project level

• History of Delivering Value as advanced and divested two gold projects for net proceeds of ~A$107M and returned ~A$25M to shareholders

Chalice Investor Presentation - July 2017 │ www.chalicegold.com │ ASX:CHN, TSX: CXN 3

Corporate Snapshot

MAJOR SHAREHOLDERS

52%

17%

6%

12%

9%

Tim Goyder, MD Franklin Resource Ltd JP Morgan Nominees Citicorp Nominees National Nominees

Other

4%

Chalice Investor Presentation - July 2017 │ www.chalicegold.com │ ASX:CHN, TSX: CXN 4