POSITIONED FOR GROWTH

• Strong Balance Sheet ~ $43M Cash

• Cornerstone asset - 1.3 Moz Cameron Gold Project, Ontario, Canada

Disclaimer and CP and QP Statements

This presentation does not include all available Information on Chalice Gold Mines Limited and should not be used in isolation as a guide to investing in the Company. Any potential investor should also refer to Chalice Gold
Mines Limited Annual Reports, filings on sedar.com, and to ASX releases and take independent professional advice before considering investing in the Company.
For further information about Chalice Gold Mines Limited, visit the website at www.chalicegold.com

Information on the Cameron Gold Camp Project

The information relating to the Mineral Resource estimates reported herein for the Cameron Gold Camp Project is derived from the sections of the Technical Report dated 28 July 2014 prepared for Chalice Gold Mines Limited by Mr. Peter Ball of Datageo Geological Consultants who is a Chartered Professional and Member of the Australasian Institute of Mining and Metallurgy. Mr. Ball has sufficient experience in the field of activity being reported to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves, and is a Qualified Person under National Instrument 43-101 -
'Standards of Disclosure for Mineral Projects.
The information that is included in this report in relation to Mineral Resource estimates reported herein for the Cameron Gold Camp Project is extracted from the ASX Announcement entitled "Chalice Files Updated 43-101
Technical Report" dated 28 July, 2014 and is available to view on www.chalicegold.com and www.sedar.com. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.
The information that is included in this report in relation to Exploration Results reported herein for the Cameron Gold Camp Project is extracted from the ASX Announcement entitled "June 2014 Quarterly Report" dated 30 July,
2014 and is available to view on www.chalicegold.com. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.

Forward-Looking Statements

This document may contain forward-looking information within the meaning of Canadian securities legislation and forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of
1995 (collectively, "forward-looking statements"). These forward-looking statements are made as of the date of this document and Chalice does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law or regulation.
Forward-looking statements relate to future events or future performance and reflect management's expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves and mineral resources, the realization of mineral reserve estimates, the likelihood of exploration success, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage.
In certain cases, forward-looking statements can be identified by the use of words such as plans, expects or does not expect, is expected, budget, scheduled, estimates, forecasts, intends, anticipates or does not anticipate, or believes, or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Chalice to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of mineral resources; progressing the Cameron Gold Project, the ultimate economics of any future project, future permitting, future funding of the Cameron Gold Project and other projects,possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry, as well as those factors detailed from time to time in Chalice's interim and annual financial statements, all of which are filed and available for review on SEDAR at sedar.com. Although Chalice has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements.

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Chalice Snapshot

Well funded and positioned for growth

Capital Structure (at 24/11/2014)

Major Shareholders:

Sha•rMe Parjiocer Shareholders:

A$0.11

Tim Goyder

Shares on Issue 287 million Market Capitalisation ~A$32 million Rights/Options on Issue 5.3 million Debt -

Cash ~A$43 million

62.9%

14.5%

10.8%

7.2%

4.6%

Franklin Resources

Lujeta Pty Ltd

Paradise Investment

Management

Other

 Experienced Board & Management team

 A$43M cash

 Strong share register

 ~1.3 million ounces1 of gold in Ontario, Canada

1. Refer to slide 7 for detailed Resource estimate table for the Cameron Gold Project

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The Chalice Strategy

Chalice's strategy is to focus on delivering shareholder value through the discovery, acquisition and operation of quality resource projects globally.

The strategy is funded by Chalice's strong balance sheet. Chalice has implemented this strategy by:

 Advancing the Cameron Gold Project through exploration and land acquisition

 Undertaking targeted business development activities

 Drill test low cost, high potential exploration opportunities

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2014 - Year in Review

 Achievements in a deteriorating metal and equity markets……………

 Acquired the 1.3Moz1 Cameron Gold Project in Ontario, Canada for ~$6 per resource oz

 Initiated first pass exploration (aeromagnetics, VTEM, soil sampling)

 Accelerated business development activities

 Focus on acquiring an advanced, near producing or producing asset

 Over 285 resource projects reviewed

 Detailed due diligence on 75 projects and/or companies completed

 Concluded that quality projects are scarce

 Closure of operations in Eritrea

 Acquired 24% stake in GeoCrystal (plus options)

1. Refer to slide 7 for detailed Resource estimate table for the Cameron Gold Project

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Schematic representation of general areas of business development activity

2015 - Direction Forward

Well funded and positioned for growth

 Focussed on preserving and growing shareholder wealth in a bear market

 Continue to look for operating and cost efficiencies

 Continue to seek high-quality resource projects globally

 Ideally with near term cash flow potential

 In low to moderate risk jurisdictions

 With exceptional exploration upside

 Position company for positive market correction

 Acquire undervalued assets

 Well funded and positioned for growth

 Chalice will act on the right project at the right time to ensure maximum share holder benefit

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Deposit Description

Cut- off Gold g/t

Class Tonnes Gold g/t Gold Oz

Cameron Gold Project Advanced open pit / underground gold project in emerging gold province



Cameron Open Cut 0.5g/t Measured 2,872,000 2.3 212,400

RL>=750m Indicated 5,417,000 1.76 306,600

Inferred 881,000 2.07 58,600

TOTAL 9,170,000 1.96 577,600

Underground 1.75g/t Measured 157,000 2.77 14,000

RL

Inferred 5,709,000 2.78 510,300

TOTAL 6,425,000 2.82 582,400

Note in all cases that 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

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Cameron Gold Project cont.

 Cameron Gold Project - Positioned For Growth

 Exploration….

- Detailed aeromagetic and VTEM data acquired and interpreted

- Structural targeting

- Detailed surface geochemistry - 3,262

Mobile Metal Ion (MMI) samples collected

- Data compilation and targeting underway

(Q1 2015)

 Business Development….

- Identifying and rank all targets within trucking distance of Cameron

- Land position expanded by 38%

 Engaging First Nation host communities

 Environmental Baseline Studies data collection ongoing

3,262 MMI samples

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Schematic geology; not to scale

GeoCrystal - Webb Diamond Project

Chalice increase stake in GeoCrystal to 24% following microdiamonds discovery

 24% of GeoCrystal Limited (plus options)

 First right of refusal on future financings up to a

51% stake

 GeoCrystal has a 70% interest in Meteoric Resources' Webb Diamond Project

 Pre-2014 Exploration

 280 discrete aeromagnetic anomalies

 10 kimberlites pipes discovered

 5 microdiamonds identified (3 from kimberlites)

 2014 Exploration

 150 loam heavy mineral samples collected

(identified anomalous area in NE)

 50 priority targets drill tested to date (6,000m

RC)

 Results expected Q1 2015

 Next phase of exploration:

 Results dependant

Webb Diamond Project Tenements

Aeromagnetic image showing discrete anomalies potentially reflecting kimberlite pipes.

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Experienced Board and Executive Team

Strong exploration, development and operating experience

Tim Goyder, Managing Director

• Over 30 years experience in the resource industry

• Chairman of Uranium Equities Limited, Chairman of

Liontown Resources Limited

• Major shareholder in Chalice

Gary Snow, Chief Operating Officer

• Geologist with 28 years experience with a career spanning the global mining industry including Intrepid Mines, BHP Billiton, Consolidated Minerals, Placer and Delta.

Steven Chadwick, Technical Advisor, BAppSc, AusIMM

• Mining executive with over 35 years experience in the mining industry, incorporating technical, operating and management roles

• Director and consultant to Teck Resources' Australian subsidiary company for the past 10 years

Richard Hacker, Chief Financial; B.Com, ACA, ACIS

• 20 years professional and corporate experience in the energy and resources sector in Australia and the UK

• Director of Uranium Equities Limited

Anthony Kiernan, Non Executive Chairman, LLB

• Chairman of BC Iron Limited and Venturex Resources

Limited, director of South Boulder Resources

• Commercial and corporate advisor to several mining/resources companies

• Previously a solicitor with considerable experience in the management and operation of listed public companies

Stephen Quin, Independent Director, RPGeo

• 35 years experience in mining and exploration

• President and CEO of Midas Gold Corp.

• Previously President of Capstone Mining Corporation and

President and CEO of Sherwood Copper Corporation

• Prior to joining Sherwood, Mr Quin was Executive Vice

President of Miramar Mining Corporation

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Summary: Well Positioned for Growth

Well Funded, Experienced Board and Management, Growth via Development, Acquisition and Exploration

 Well funded explorer/developer

 ~A$43 million cash

 Experienced Board and Executive Team to drive growth strategy:

 Development: Expand resource base at Cameron Gold

Project

 M&A: Actively pursuing additional high quality assets globally

 Exploration: Drill high potential exploration opportunities

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