Mots clés associés : Nickel |

Re: News Release - Friday, February 27, 2009
Title: Golden Chalice Completes Property Evaluations

VANCOUVER, BC -- Golden Chalice Resources Inc. (TSX-V: GCR) has completed an extensive evaluation of its property portfolio and is currently taking steps to conserve and focus its working capital and resources on key projects. More than half of the Company's outstanding option agreements have been favourably renegotiated.

The Company has also completed rigorous property evaluations resulting in the termination of eight projects: Coulson, Cheavers, Dokis, Farr, Kidd, Kimberley, Meteor Lake and Tower. These and other measures will better position the Company to focus its resources on advanced assets such as the Langmuir Nickel Project near Timmins, Ontario.

Golden Chalice Chairman Richard Hughes comments, "Current market conditions are providing us with the needed leverage to renegotiate a number of key agreements. Adding to this the termination of eight of these agreements eliminates future funding commitments and leaves the company in a position to conserve working capital and focus on more advanced projects, specifically the Langmuir. We look forward to 2009 and are working aggressively to best position the Company to capitalize on opportunities as they arise."

Ongoing exploration at the flagship Langmuir Project is focused on further testing a nickel discovery where initial drilling intersected 72.5 meters grading 1.14% nickel. The latest results from a winter-drilling program include 3.79% nickel over 14 meters within a larger intersect of 2.75% nickel over a drilled width of 24.4 meters. Ongoing drilling will continue to test the Discovery Zone and deep-seated VTEM conductors identified by previous airborne geophysical surveys.

Lynn Evoy has been appointed a Director of Golden Chalice, effective November 20, 2008. He is also a Abitibi Mining Corp., Amador Gold Corp., Chalice Diamond Corp. and Klondike Gold Corp. Lynn brings to the company over thirty years experience in the exploration mining and investment industry.

Subject to TSX, regulatory and warrant holder approvals, Golden Chalice plans to re-price options and warrants as follows. Options that expire from April 2009 through January 2013 (currently priced between $0.12 and $0.80) will be lowered to $0.10. Warrants that expire on March 28, 2009 will be re-priced to $0.15, and warrants that expire in mid-November of 2009 will be re-priced to $0.20. The warrant terms will not change.

About Golden Chalice

The Company's main focus continues to be its flagship Langmuir Project. The Langmuir Project is accessible by road and is near existing mining infrastructure in the Timmins camp, host to numerous world-class gold and base metal deposits.

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:
Kevin Hull or Alan Campbell, 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

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

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

Copyright � 2009 GOLDEN CHALICE RESOURCES INC. (GCR) All rights reserved. For more information visit our website at http://www.goldenchaliceresources..com/ or send email to info@goldenchaliceresources.com ..
Message sent on Mon Mar 2, 2009 at 9:40:03 AM Pacific Time

Rogue Resources

	EXPLORATEUR
	CODE : RRS.V

Suivi et investissement

Ajouter une alerte	Ajouter aux Watchlists	Ajouter au portefeuille	Ajouter une note

Profil Indicateurs
de Marché VALEUR :
Projets & res.Communiqués
de Presse Rapport
annuel RISQUE :
Profile actifs Contactez la cie

Rogue Res est une société d’exploration minière de nickel et de palladium basée au Canada.

Rogue Res détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont SHILLINGTON, ABITIBI EAST, UKE, RADIO HILL, TIMMINS WEST et LANGMUIR au Canada.

Rogue Res est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 477 500 CA$ (381 786 US$, 355 424 €).

La valeur de son action a atteint son plus haut niveau récent le 17 août 2007 à 98,99 CA$, et son plus bas niveau récent le 27 mars 2020 à 0,02 CA$.

Rogue Res possède 9 550 000 actions en circulation.

Légende
	Production
	Mine développement
	Découverte
	Exploration
	Ancien producteur
Sur Google Earth, cliquez sur les pictogrammes, pour voir les informations du projet, accéder à sa page, ou à la page de la compagnie.