Chalice Mining Limited ('Chalice' or 'the Company', ASX: CHN | OTCQB: CGMLF) is pleased to advise that, further to the announcement dated 16th November 2020, it has entered into binding agreements to acquire four additional key private properties at its 100%-owned Julimar Nickel-Copper-PGE Project in Western Australia.

The four properties cover a combined area of 723 hectares. Total consideration comprises $11.25 million in cash and 1,033,294 fully paid ordinary Chalice shares. The agreements are on terms considered customary for agreements of this nature, and settlement is not subject to any material conditions precedent.

With these most recent acquisitions, Chalice has acquired a combined total of 1,668 hectares (17km2) of private land at the southern end of the Julimar Project, that covers all of the current known mineralisation at the Gonneville Intrusion, the geological host to Chalice's recent major PGE-Ni-Cu-Co-Au discovery.

Contact:

Alex Dorsch

Tel: +61 8 9322 3960

Email: info@chalicemining.com

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