12213ffd-3237-4526-a89f-f4a6f3ae877b.pdf


ABN 47 116 648 956


ASX Announcement 21 January 2016


Receipt of deferred consideration


Chalice Gold Mines Limited (ASX: CHN, TSX: CXN) ("Chalice" or the "Company") is pleased to advise that it has received the deferred consideration of US$2 million from China SFECO Group following first gold pour from the Zara Gold Project in Eritrea.


The US$2 million represents the final tranche for the sale of Chalice's interest in the Zara Gold Project.


TIM GOYDER

Managing Director


For further information, please contact:

Tim Goyder Managing Director

Chalice Gold Mines Limited Telephone +61 8 9322 3960



Chalice Gold Mines Limited, Level 2, 1292 Hay Street, West Perth, Western Australia T: +618 9322 3960 F: +618 9322 5800 E: info@chalicegold.com www.chalicegold.com

Chalice Gold Mines Limited issued this content on 2016-01-21 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-21 05:29:04 UTC

Original Document: http://www.chalicegold.com/images/ASXAnnouncements/2016/20160121_ASX_Announcement_-_US2m.pdf