Appendix 3Y Change of Director's Interest Notice Appendix 3Y Change of Director's Interest Notice

Rule 3.19A.2

Information or documents not available now must be given to ASX as soon as available. Information and

documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity CHALICE GOLD MINES LIMITED

ABN 47 116 648 956

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director

Anthony W Kiernan

Date of last notice

24 September 2010

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest

Direct and indirect

Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

Central Manhattan Pty Ltd trustee for the A W Kiernan Super

Fund.

Emily and Joanna Kiernan and Benjamin Kiernan-Green are children of Mr Kiernan.

Date of change

21 March 2012

No. of securities held prior to change

1,062,041 ordinary shares

500,000 $0.25 unlisted options exp 1 December 2012

Class

Ordinary shares

Number acquired

100,000 ordinary shares

+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director's Interest Notice

Number disposed

Nil

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

23.5 cents per share (for a total of $23,500)

No. of securities held after change

1,162,041 ordinary shares

500,000 $0.25 unlisted options exp 1 December 2012

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back

On market trade

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract

N/A

Nature of interest

N/A

Name of registered holder

(if issued securities)

N/A

Date of change

N/A

No. and class of securities to which interest related prior to change

Note: Details are only required for a contract in

relation to which the interest has changed

N/A

Interest acquired

N/A

Interest disposed

N/A

Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

N/A

Interest after change

N/A

+ See chapter 19 for defined terms.

Appendix 3Y Page 2 01/01/2011

Appendix 3Y Change of Director's Interest Notice Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during

a +closed period where prior written clearance was required?

No

If so, was prior written clearance provided to allow the trade to proceed during this period?

N/A

If prior written clearance was provided, on what date was this provided?

N/A

+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

distributed by

This press release was issued by Chalice Gold Mines Limited and was initially posted at http://www.chalicegold.com/upload/documents/InvestorRelations/releases/20120321ASXAnnouncement-TKier nan3Y.pdf . It was distributed, unedited and unaltered, by noodls on 2012-03-21 07:43:14 AM. The issuer is solely responsible for the accuracy of the information contained therein.