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A compilation and interpretation of historical exploration data across the project is well advanced and project-wide field activities are expected to commence in mid-April, including an airborne geophysical survey and an expanded surface sampling program including reconnaissance/in-fill sampling and stripping/trenching over defined targets. The Company has also staked an additional 49.5km2 of contiguous claims, significantly expanding its ground-holding to 107.4km2 to cover further prospective greenstone belt sequences located south of the Larder Lake - Cadillac fault. Maiden 2,000m Diamond Drill Program The Company's maiden drill program has commenced, with drilling designed to test shallow gold targets over a 3km strike length of the Larder Lake - Cadillac fault. The targets include extensions of the Nordeau West and Nordeau East deposits and an alteration zone between the Nordeau West and Nordeau East deposits. All targets are located along strike from known gold deposits/occurrences near former tenement boundaries that were not tested due to the fragmented ownership of the historical tenement holdings ( Figure 1 ). The Nordeau West extension target is a potential strike continuation of the Nordeau West deposit, where it is interpreted to trend towards the "5M" structure as reported by Cartier Resources' on their nearby Chimo Gold Project. Cartier recently reported significant drill intersections of 15m @ 3.2g/t Au (includes 4m @ 9.9g/t Au), 15m @ 1.5g/t Au and 1m @ 8.6g/t Au (see Cartier Resources ( ECR.V ) press release dated 18 January 2017 ). The closest drill-hole intersection reported by Cartier Resources is only 160m west of Chalice's project boundary. The Nordeau West extension target will be tested by a fence of three drill holes to 200m depth (600m of drilling) to test the interpreted extension of the "5M" structure onto Chalice's holdings, as well as other prospective structures associated with the hangingwall and footwall contacts of the Piche Volcanics ( Figure 1 ). One drill hole (200m) will test the Nordeau West plunge target ( Figure 1 ) and an additional drill hole (200m) will test a shallow up-dip projection of Nordeau West which has not been tested to date. Drilling will also test an area of strong hydrothermal alteration and associated low-grade gold mineralisation within the Piche Volcanics between the Nordeau West and Nordeau East gold deposits known as the Nordeau Central target ( Figure 1 ). Drilling will be conducted on two-250m spaced drill sections with holes to 200m depth (800m drilling) with at home loan for doctor Oak Laurel 0430129662 least one drill hole on each section designed to test the southern (footwall) contact of the Piche Volcanics, which is a favourable contact for gold mineralisation. A single 200m drill-hole is proposed to follow-up on a potential east plunge extension of the Nordeau East deposit. New Claim Staking Chalice has undertaken additional claim staking for a total of 50.15km2 contiguous with the southern margin of the East Cadillac Gold Project. The newly expanded East Cadillac Gold Project now comprises a total of 107.4km2 (see Figure 2 ). Encouraging results from the 2016 surface sampling on claims staked in late 2016 (see below), in conjunction with preliminary results from project compilation work currently in progress, have identified new targets along a potential sub-parallel trend in the Pontiac sediments located south of the previous property boundary. Surface Geochemical Sampling A program of geochemical sampling was undertaken in late 2016 over the Nordeau property including surface rock sampling for Au/ICP and whole rock and spectral analysis, core sampling for Au/ICP, Whole Rock and spectral analysis, and surface MMI soil sampling. A total of 426 soil samples were collected and analysed for Au and pathfinders by the MMI technique (see Figure 3 ). A total of 28 rock and core samples were analysed for Au using ICP, 2 for Whole Rock, 28 for Short Wave Infrared (SWIR) spectral analysis with a Halo sensor, and 12 samples for petrographic analysis. The relatively restricted 2016 surface sampling program (Chalice only reached agreement on the Nordeau property in late 2016) delineated Au-Ag-W soil anomalies over the Nordeau East deposit and new, previously unrecognized targets, to the north in the adjacent mafic volcanics, and south of the Larder Lake - Cadillac fault over the Pontiac sediments (see Figure 3 ). Read More Chalice is encouraged by the identification of anomalous gold and pathfinder signatures over existing mineralization at Nordeau East and also by the delineation of new targets areas within the highly prospective and underexplored greenstone belt succession. The results validate the Company's belief that surface sampling is a cost-effective tool that can be applied in this district to yield new, high-quality targets. Chalice will re-commence surface sampling (soil and rock) and extending coverage over the entire project as soon as ground conditions are suitable (anticipated to commence mid-May). Chalice's Managing Director, Tim Goyder , said: "Our exploration team has identified high priority targets for initial drill testing as we kick off what is shaping up as a very busy summer field season on the East Cadillac Gold Project. Our coordinated and systematic approach to exploration, drawing on the latest techniques and methodologies, is delivering encouraging results and helping to unlock the potential of what remains an under-explored area of the Larder Lake-Cadillac Fault." Competent Persons and Qualifying Persons Statement The information in this report that relates to Exploration Results in relation to the East Cadillac Gold Projects is based on information compiled by Dr.

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