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