Chalice Mining Limited ('Chalice' or 'the Company', ASX: CHN | OTCQB: CGMLF) advises that further to the announcement dated 16 November 2020, settlement of the acquisition of three key private properties at its 100% owned Julimar-Nickel-Copper-PGE Project occurred today.

The properties, plus associated livestock and farming assets were acquired for consideration comprising $7 million in cash and 2,303,010 ordinary fully paid Chalice shares.

The land acquisition is considered an important milestone for the Project, as six rigs continue a significant step-out and resource definition drill program at the 1.6km x >0.8km Gonneville Intrusion.

Contact:

Alex Dorsch

Tel: +61 8 9322 3960

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