Chalice files application to cease to be a reporting issuer

West of Perth, WESTERN AUSTRALIA, September 12, 2022 /CNW/ – Chalice Mining Limited (“Chalice” Where “the company“, RCS CGMLF informs him that he has filed an application with the Ontario Securities Commission (“CSOs“) for a command (the “Order requested“) that the Company ceases to be a reporting issuer in Ontario, Canada. The common shares of Chalice were voluntarily delisted from the Toronto Stock Exchange on December 16, 2019. The Company remained a reporting issuer in Ontario since radiation. Chalice is not a reporting issuer in any other Canadian jurisdiction.

If the requested order is granted by the OSC, the Company will cease to be a reporting issuer Canada. Accordingly, the Company will no longer be required to file financial statements and other continuous disclosure documents in Canada in accordance with Canadian securities laws.

If the requested order is obtained, Chalice will continue to file all financial statements and other continuous disclosure documents that it is required to file under applicable laws of Australia and the rules of the Australian Securities Exchange (“ASXCanadian resident securityholders will continue to have access to all financial statements and other continuous disclosure documents required to be publicly filed by the Company on the ASX, as required by applicable laws of Australia. All such Company continuous disclosure documents are publicly available to all securityholders of the Company on the Company’s website at www.chalicemining.com, and securityholders of the Company residing at Canada will continue to receive copies of continuous disclosure documents required to be delivered to securityholders in Australiain the same manner and at the same time as required by applicable securities laws of Australia and ASX rules.

Since Chalice qualifies as a “specified foreign issuer” under National Instrument 71-102 – Continuous Disclosure and Other Foreign Issuer Exemptionsthe information available to securityholders residing in Canada will be substantially the same as the continuous information to which such securityholders currently have access.

Forward-looking statements

The information contained in this press release is not intended to guide investment decisions in Chalice Mining Limited. This document contains certain forward-looking information, including the possible granting of the order sought by the OSC and, if the order sought is granted, the availability of the Company’s financial statements and continuous disclosure documents to securityholders. Canadian resident securities, that these financial statements and continuous disclosure documents will be substantially the same as those currently available to holders of Canadian resident securities, the applicability of resale restrictions to the common shares of the Company and the availability of exemptions in this regard. This information is not a guarantee of future events and involves numerous risks and uncertainties, as well as other factors. Actual developments may differ materially from those implied or expressed by such statements and depend on various factors. The Company believes that it has a reasonable basis for making the forward-looking statements contained in the announcement, based on the information contained in this and previous releases.

This release has been cleared by the Disclosure Committee.

SOURCE Chalice Mining Limited

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