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Re:   News Release - Tuesday, July 06, 2010
      Golden Chalice Resources Posts Langmuir NI 43-101 Mineral
      Resource Evaluation Report on SEDAR for Public Viewing
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VANCOUVER, BC - Golden Chalice Resources Inc. (TSX-V: GCR) ("The
Company") is pleased to announce it has posted on SEDAR its recently
completed NI 43-101 Mineral Resource Evaluation Report for the W4
deposit at its Langmuir Nickel Project.  The report can be found by
through SEDAR's website located at www.SEDAR.com.  The report was
completed by SRK Consulting Inc. of Toronto, Ontario.

EXCERPT FROM EXECUTIVE SUMMARY:

"The characteristics of Langmuir W4 are of sufficient merit to justify
undertaking preliminary engineering, environmental and metallurgical
studies aimed at completing the characterization of the nickel sulphide
mineralization. This would provide a snapshot assessment of the current
information base at Langmuir W4, which can provide economic guidelines
for future exploration strategies within the Langmuir Property.

The geological setting and character of the nickel sulphide
mineralization delineated to date on Langmuir W4 are of sufficient
merit to justify additional exploration and development expenditures."

"The W4 deposit represents the highest grade nickel deposit that is
amenable to open pit mining methods in the immediate area and it is the
Company's full intention to capitalize on this advantage given current
metal prices," stated Company President, Steve de Jong.  "The
completion of the Resource Estimate is a major hurdle for the Company
as we begin to assess the development potential of the W4 deposit.  It
is encouraging to see SRK's recommendations involve metallurgical and
environmental testing and that the W4 deposit is of sufficient merit to
justify development expenditures."

HIGHLIGHTS FROM THE REPORT INCLUDE:The Company has also received from
SRK a conceptual open pit shell from which the 'Open Pit' portion of
the resource estimate was estimated (page 65 of Report).  To view a 3D
image of the conceptual open pit shell click on the following link:

http://www.brmstatpack.com/lt/1001/1135/w4-open-pit

The mineral resource statement prepared by SRK is detailed in Table 1,
below.

Table 1: Mineral Resource Statement*, Langmuir W4 Nickel Project,
Ontario (May 12, 2010)

_______________________________________________________________________

Category   Quantity Grade         Metal
                 ______________________________________________________

            Tonnes Ni Cu Ni       Cu
             000't % % lbs 000's     lbs 000's
_______________________________________________________________________                                              
Open Pit**

Indicated 590,000 0.99 0.06 12,816        840

Inferred 125,000         0.88 0.06 2,437        157

_______________________________________________________________________

Underground **

Indicated 87,000        1.04 0.08 1,997        149

Inferred 46,000        0.91 0.05 923        53

_______________________________________________________________________

Combined

Indicated 677,000        1.00 0.06 14,813        989

Inferred 171,000        0.89 0.06 3,360        210
_______________________________________________________________________

*Mineral resources are reported in relation to optimized pit shells.
Mineral resources are not mineral reserves and do not have demonstrated
economic viability. All figures are rounded to reflect the relative
accuracy of the estimate. All assays have been capped where appropriate.

** Open pit mineral resources are reported at a cut-off of 0.40 percent
nickel inside a conceptual pit shell. Underground mineral resources are
reported at 0.70 percent nickel and include resource blocks above cut-off
outside the conceptual pit shell. Cut-off grades are based on a nickel
price of US$8 per pound and a metallurgical recovery of eighty-seven
percent, without considering revenues from other metals.



Kevin Montgomery, P.Geo., is the Company's  qualified person for the
purposes of National Instrument 43-101 for the Company's Timmins' area
projects. The technical contents of the press release have been
reviewed and approved by Kevin Montgomery.

ABOUT GOLDEN CHALICE

On May 19, 2010, the Company announced it had completed a NI 43-101
resource estimate for its flagship Langmuir Nickel 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.

CORPORATE INQUIRIES:

Steve de Jong or Stephen Pearce
Phone: (604) 629-1808
Email: info@goldenchaliceresources.com
Website: www.goldenchaliceresources.com

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) 2010 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
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