Shareholder Approval for Sale of Remaining 60 Per-cent Interest in the Zara Gold Project

Symbol:  ASX: CHN TSX:  CXN
Shares outstanding:    250 million
Fully diluted: 258 million

PERTH, Western Australia, June 29, 2012 /CNW/ - Chalice Gold Mines Limited ("the Company") (ASX:CHN) (TSX:CXN) advises that shareholders have today approved the sale of its remaining 60 per cent interest in the Zara Gold Project in Eritrea to China SFECO Group.

Details of the resolution passed by members at the General Meeting have been filed under the Company's profile at www.sedar.com.

TIM GOYDER
Executive Chairman

SOURCE Chalice Gold Mines Limited

For further information:

Tim Goyder, Executive Chairman
Dr Doug Jones, Managing Director
Chalice Gold Mines Limited
Telephone +61 9322 3960

For media inquiries, please contact:
Nicholas Read
Read Corporate
Telephone: +618  9388 1474


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