Chalice Mining : Vesting and Exercise of Performance Rights

Chalice Mining Limited ('Chalice' or 'the Company', ASX: CHN | OTCQB: CGMLF) advises that, in accordance with the terms of the Company's Long Term Incentive Plan (Plan), 5,930,787 Performance Rights (Performance Rights) that were issued to key management personnel and employees in 2018 have vested in full following determination by the Board that the performance conditions have been satisfied over the three-year measurement period ended 30 June 2021.

In accordance with the terms of the Plan, the vested Performance Rights will result in the issue of 5,930,787 fully paid ordinary Chalice shares to the relevant participants.

This announcement has been authorised for release by the Disclosure Committee

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