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Re:   News Releases - Tuesday, December 15, 2009
      Golden Chalice Resources Acquires Two Properties in West Timmins
      Gold District along Destor-Porcupine Fault
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.. ROSSWIN PROPERTY COVERS NORTHERN HALF OF CIRCULAR MAG FEATURE
CONTAINING IRON FORMATION WHICH HAS NEVER BEEN DRILL TESTED, GOLDEN
CHALICE CURRENTLY OWNS PROPERTY CONTAINING SOUTHERN SECTION
 
.. ADJACENT TIMMINS WEST PROJECT HOSTS MULTIPLE PORPHYRIES

VANCOUVER, BC - Golden Chalice Resources Inc. (TSX-V: GCR) ("The
Company") is pleased to announce, subject to regulatory approval, the
acquisition of a 100% interest in the Kenogaming South gold property
and the Rosswin property.  The Kenogaming South property consists of
five claims (40 units) in Kenogaming Township, Porcupine Mining
Division.  The Rosswin property consists of one claim of 3 units in
Penhorwood Township, Porcupine Mining Division directly north of the
Company's Timmins West property.  Both properties are accessible by
road and are located approximately 50 km southwest of Timmins.

To view a map of the Kenogaming South and Rosswin properties, please
click on the following link:

http://media3.marketwire.com/docs/tw_map_1215.pdf

"We staked the Timmins West Property because the geology is a mirror
image to that of the Timmins Mining Camp," commented Company President,
John Keating in a recent press release (November 10, 2009) highlighting
the Company's Timmins West Project.  "Fortunately for us, the Timmins
West Property has received very limited exploration in the past because
the area is almost entirely covered by a veneer of overburden that
hides potential gold deposits.  Our large land package has the
potential to host multiple gold deposits similar to those in the
Timmins and the Lakeshore Gold-West Timmins areas.  In addition to
gold, we are also assessing potential development opportunities,
including possible partners, for the Radio Hill Iron-Ore Deposit on the
Timmins West Property" 

Consideration for the Kenogaming South property consists of $70,000 and
200,000 shares, payable over four years.  There is a 3% net smelter
return payable, two-thirds (2%) of which may be purchased for
$1,500,000.  Upon completion of a positive feasibility study a further
100,000 common shares would become payable.  Consideration for the
Rosswin property consists of $4,000.  There is a 2% net smelter return
payable, one-half (1%) of which may be purchased for $1,000,000.

About Golden Chalice

Golden Chalice Resources is a member of the Hughes Exploration Group of
Companies and is led by a team with a stellar track record of discovery
and development in Canada.

The Company continues to advance its flagship Langmuir Project where
2007 drilling intersected 72 meters of 1.14% nickel. The Langmuir
Project is easily accessible by road and is near existing mining
infrastructure in the Timmins camp, host to numerous world-class gold
and base metal deposits. The Company owns 100% of the property which
covers more than 30 km of favorable stratigraphy with potential for
hosting Kambalda-style deposits.
Along with the Langmuir Project, the Company has recently brought
forward a number of its gold projects, including the Timmins West and
Abitibi East properties.

Golden Chalice has assembled a portfolio of properties in established
mining and mineral districts, notably the Abitibi in Ontario, the
Bathurst camp in New Brunswick, and a joint-venture project in Nevada.

CONTACT INFORMATION
Corporate Inquiries: Alan Campbell or Kevin Hull, Investor Relations
Phone: (604) 685-2222
Email: info@goldenchaliceresources.com
Website: www.goldenchaliceresources.com

AGORACOM Investor Relations: Email: GCR@agoracom.com
Website: http://www.agoracom.com/ir/goldenchalice  

Visit Golden Chalice's web-site: www.goldenchaliceresources.com to see
Smartstox interviews with Company Chairman and President.

This document contains certain forward looking statements which involve
known and unknown risks, delays and uncertainties not under the
corporation's control which may cause actual results, performance or
achievements of the corporation to be materially different from the
results, performance or expectation implied by these forward looking
statements.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.

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Copyright (c) 2009 GOLDEN CHALICE RESOURCES INC. (GCR)  All rights
reserved.  For more information visit our website at
http://www.goldenchaliceresources.com/ or send
mailto:info@goldenchaliceresources.com
Message sent on Tue Dec 15, 2009 at 6:10:19 AM Pacific Time
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