Chalice Gold Mines Limited (“Chalice” or “the Company”) (ASX:...

Chalice Gold Mines Limited (“Chalice” or “the Company”) (ASX: CHN) (TSX: CXN) is pleased to announce a Board and
Management restructure aimed at unlocking the value of the Company’s prospective gold and base metal projects and
its strong balance sheet.
The changes will see Chalice Managing Director Tim Goyder be appointed as Executive Chairman and Chalice General
Manager of Corporate Development, Alex Dorsch, appointed as Chief Executive Officer. Chalice’s current Chairman,
Anthony (Tony) Kiernan will step down as Chairman but will remain on the Board as Lead Independent Non-Executive
Director. Stephen Quin and Morgan Ball will continue as Independent Non-executive Directors.
Mr Goyder said the changes were part of what would be a new chapter of growth for Chalice, underpinned by extensive
drilling programs in Canada and a substantial cash position. He said Mr Dorsch would bring the invaluable skills and
experience he has gained while working in engineering, consultancy and corporate advisory roles for several leading
organisations, including global management consultancy McKinsey & Company.
“Since joining Chalice in October 2017, Alex has demonstrated his outstanding commercial acumen and management
strengths. We are very pleased to have Alex move into the role of Chief Executive. His demonstrated abilities strongly align
with our corporate growth objectives and we are confident he can lead the Company in delivering these.” Mr Goyder said.
Mr Dorsch will be granted 4,000,000 unlisted share options pursuant to the Company’s Employee Share Option Plan.
This will consist of 2,000,000 options with an exercise price of $0.20 and 2,000,000 options with an exercise price of
$0.22 all with a three-year term. One-third of the options will vest immediately, one-third in 12 months’ time and onethird in 24 months’ time (on a pro-rata basis), conditional on employment at the time.
The Board and management changes detailed herein are effective immediately. Pursuant to ASX Listing Rule 3.16.4,
details of Alex’s employment contract can be found in Appendix 1