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Re:   News Releases - Monday, November 23, 2009
      Golden Chalice Resources Moves Forward with Second Phase of Gold
      Exploration Program on Abitibi East Property
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.. RECENT DRILLING ON THE EAST EXTENSION HAS INTERSECTED A WIDE ZONE OF
ALTERATION WITH ANOMALOUS GOLD MINERALIZATION ON STRIKE WITH EXPLOR
RESOURCES' DISCOVERY OF 142.26 G/T OVER 3 METERS
 
.. IMMEDIATE PLANS ARE TO EXPAND THE CURRENT IP GRID TO FURTHER DEFINE
GOLD TARGETS ON STRIKE AND FOLLOW UP WITH DRILLING

Golden Chalice Resources Inc. (TSX-V: GCR) ("The Company") is pleased
to announce that after a review of recent drill and geophysical data it
will be moving forward with the second phase of exploration plans on
its Abitibi East property.

Recent drilling on the East Extension has intersected a wide zone of
alteration with anomalous gold mineralization.  Trends in ground and
airborne magnetics were used to identify this new gold bearing zone
that is on strike with Explor Resources discovery of 142.26 g/t over 3
metres. 

"The Abitibi East Property continues to produce high-quality
exploration targets ranging from Kidd Creek type copper, zinc, and
silver massive sulphide deposits to high grade gold mineralization,"
comments Company President, John Keating.  "Most encouraging is how the
new altered zone with gold potential was discovered by the first 2
holes ever drilled on the projected trend of the Explor discovery.
This next phase of exploration and drilling will target areas where
potential cross structures and porphyries intersect the alteration zone
and produce larger systems for gold mineralization."

Two holes spaced 300 metres apart intersected the altered zone on the
Abitibi East Property's East Extension.   Trends in the ground
geophysics suggest the zone crosses the entire length of the 1.5 km
long grid. 

The Company plans to expand the grid and carry out a ground geophysical
Induced Polarization (IP) survey to locate areas of greater sulphide
mineralization beneath the overburden.  Gold mineralization often
increases in areas where there is an increase in sulphide minerals,
such as pyrite.   Targets identified in the IP survey will then be
prioritized for drilling to test their gold potential.




As part of the Company's on-going initiative to focus resources on the
most favourable exploration targets and properties, a review of
historical work, recent drilling, and airborne geophysics for the West
Extension of the Abitibi East property has been completed.  Based on
the results of this review the Company has decided drop the West
Extension part of the property and focus resources on the Abitibi East
- East Extension.

The Company is also currently conducting a review on the potential of
it Shillington Gold property located 60 km southeast of Timmins,
Ontario.  Work done by the Lavigne Silver Mining Company in 1911
encountered 1.25 oz/t gold over 30 feet.  An exploration update and
Company plans for the property will be released shortly.

Peter Caldbick, P.Geo. and Kevin Montgomery, PGeo., are the qualified
persons for the purposes of National Instrument 43-101 for the
Company's  Abitibi East Project.   The technical contents of the press
release have been reviewed and approved by Peter Caldbick.

About Golden Chalice

Along with its Abitibi East property the Company's continues to focus
on 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.

The Company is also advancing its Timmins West property, which contains
a number of porphyries and similar geology to the Lake Shore Gold
ground, approximately 30 km to the northeast. 

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 Mon Nov 23, 2009 at 9:13:22 AM Pacific Time
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