This sort of news tends to have a positive effect on a company's outlook. Money is always good especially when funding an upcoming drill program or an upcoming 43-101.( although their math in the NR is off by probably one zero)

- Rosswin Property Covers Northern Half Of Circular Mag Feature Containing Iron Formation Which Has Never Been Drill Tested, Golden Chalice Currently Owns Property Containing Southern Section

- Adjacent Timmins West Project Hosts Multiple Porphyries

VANCOUVER, BRITISH COLUMBIA-(Dec. 15, 2009) - Golden Chalice Resources Inc. (TSX VENTURE:GCR) ("The Company") is pleased to announce, subject to regulatory approval, the acquisition of a 100% interest in the Kenogaming South gold property and the Rosswin property. The Kenogaming South property consists of five claims (40 units) in Kenogaming Township, Porcupine Mining Division. The Rosswin property consists of one claim of 3 units in Penhorwood Township, Porcupine Mining Division directly north of the Company's Timmins West property. Both properties are accessible by road and are located approximately 50 km southwest of Timmins.

To view a map of the Kenogaming South and Rosswin properties, please click on the following link:

http://media3.marketwire.com/docs/tw_map_1215.pdf

"We staked the Timmins West Property because the geology is a mirror image to that of the Timmins Mining Camp," commented Company President, John Keating in a recent press release (November 10, 2009) highlighting the Company's Timmins West Project. "Fortunately for us, the Timmins West Property has received very limited exploration in the past because the area is almost entirely covered by a veneer of overburden that hides potential gold deposits. Our large land package has the potential to host multiple gold deposits similar to those in the Timmins and the Lakeshore Gold-West Timmins areas. In addition to gold, we are also assessing potential development opportunities, including possible partners, for the Radio Hill Iron-Ore Deposit on the Timmins West Property"

Consideration for the Kenogaming South property consists of $70,000 and 200,000 shares, payable over four years. There is a 3% net smelter return payable, two-thirds (2%) of which may be purchased for $1,500,000. Upon completion of a positive feasibility study a further 100,000 common shares would become payable. Consideration for the Rosswin property consists of $4,000. There is a 2% net smelter return payable, one-half (1%) of which may be purchased for $1,000,000.

About Golden Chalice

Golden Chalice Resources is a member of the Hughes Exploration Group of Companies and is led by a team with a stellar track record of discovery and development in Canada.

The Company continues to advance its flagship Langmuir Project where 2007 drilling intersected 72 meters of 1.14% nickel. The Langmuir Project is easily accessible by road and is near existing mining infrastructure in the Timmins camp, host to numerous world-class gold and base metal deposits. The Company owns 100% of the property which covers more than 30 km of favorable stratigraphy with potential for hosting Kambalda-style deposits
.

Along with the Langmuir Project, the Company has recently brought forward a number of its gold projects, including the Timmins West and Abitibi East properties.

Golden Chalice has assembled a portfolio of properties in established mining and mineral districts, notably the Abitibi in Ontario, the Bathurst camp in New Brunswick, and a joint-venture project in Nevada.

Visit Golden Chalice's web-site: www.goldenchaliceresources.com to see Smartstox interviews with Company Chairman and President.

This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the corporation's control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

For more information, please contact

Golden Chalice Resources Inc.
Alan Campbell or Kevin Hull
Investor Relations
(604) 685-2222
Email: info@goldenchaliceresources.com
Website: www.goldenchaliceresources.com

Or

AGORACOM Investor Relations
Email: GCR@agoracom.com
Website: http://www.agoracom.com/ir/goldenchalice

VANCOUVER, BRITISH COLUMBIA-(Dec. 4, 2009) - Golden Chalice Resources Inc. (TSX VENTURE:GCR) ("The Company") is pleased to announce, subject to TSX Venture approval, the amendment and closing of a private placement announced October 14, 2009. The total number of units has been increased from 10,000,000 to 16,252,667 for total proceeds of $2,052,020.00. The units are priced at $0.12 per non flow through unit and $0.14 per flow through unit. Each unit consists of one flow through or non flow through common share and one non flow through, non-transferable share purchase warrant entitling the holder to purchase one additional common share at a price of $0.15 per share for the first year and $0.30 for the next four years. The Company may give written notice that the Warrants will expire in 30 days if the Company's shares trade at or above $0.50 for 10 consecutive trading days. Shares issued in the private placement are subject to a four month hold period. In accordance with Exchange policies, finders' fees may be paid on a portion of the funds raised.

Proceeds from the private placement will be used for exploration expenditures on the Company's Timmins West and Abitibi East Gold projects and other Timmins camp projects as well as for general working capital.

About Golden Chalice

Along with its Abitibi East and Timmins West gold projects, the Company continues to focus on advance flagship Langmuir Project where 2007 drilling intersected 72 meters of 1.14% nickel. The Langmuir Project is easily accessible by road and is near existing mining infrastructure in the Timmins camp, host to numerous world-class gold and base metal deposits. The Company owns 100% of the property which covers more than 30 km of favorable stratigraphy with potential for hosting Kambalda-style deposits.

Visit Golden Chalice's web-site: www.goldenchaliceresources.com to see Smartstox interviews with Company Chairman and President.

This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the corporation's control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

CONTACT INFORMATION:

Corporate Inquiries:

Golden Chalice Resources Inc.

Alan Campbell or Kevin Hull, Investor Relations

(604) 685-2222

info@goldenchaliceresources.com

www.goldenchaliceresources.com

or

AGORACOM Investor Relations:

GCR@agoracom.com

http://www.agoracom.com/ir/goldenchalice

- Historical Drilling Intersected 47 Meters Of 2.3% Zinc, Follow-Up Drilling Being Planned

- Bathurst Mining Camp Hosts 45 Volcanic-Sediment Hosted Massive Sulfide Deposits And Numerous Base Metal Showings

- Portage Property One Of The Least Explored Portions Of The Bathurst Camp

- 600 Line Km Of Airborne Vtem Surveying Has Been Flown With More Than 50 Anomalies Identified - 6 Have Been Tested, Low Grade Sulfides Have Been Cored On Three

VANCOUVER, BRITISH COLUMBIA- (Nov. 16, 2009) - Golden Chalice Resources Inc.(TSX VENTURE:GCR) ("The Company") is pleased to provide an exploration update on its Portage property, located in the Bathurst district of New Brunswick. The Bathurst base metal mining district also includes the current producer Brunswick #12 mine one of the largest zinc/lead/silver massive sulphide deposits in the world (150 million tons grading approximately 12% Zn, 3,5% Pb, 3 oz. Ag, and 0.4% Cu/ton).

Previous drilling on the Portage property intersected Zn-Pb-Cu-Ag mineralization within and in the vicinity of the Portage Brook sulphide zone. Additional drilling is required on this zone where one drill hole intersected 47 metres of 2.3% Zn.

A subsequent drill hole on an airborne anomaly over 1 km to the south of the Portage zone intersected approximately 60 metres of massive to disseminated sulphides in a chloritic alteration zone. This type of mineralization elsewhere in the Bathurst district is generally only encountered near significant base metal mineralization.

"The Company has flown more than 600 line kilometers of airborne VTEM surveying which has led to the identification of over 50 anomalies. Only six of these anomalies have been tested to date, three of which have returned low grade sulphides in drill core," comments Company President, John Keating. "These VTEM anomalies, which are currently being defined with a MMI geochemical sampling program, will be the focus our next drill program."

The current work program consists of MMI geochemical sampling along the favourable geological trends and over airborne electromagnetic anomalies. Approximately 750 samples will be collected and submitted for analyses. Results of the geochemical survey will assist in anomaly selection and target delineation for the 2010 field program. Diamond drilling and trenching are planned.

Terry Mersereau, PGeo, is the qualified person for the purposes of National Instrument 43-101 for the Company's Portage property. The contents of the press release have been reviewed and approved by Terry Mersereau.

As a correction to a news release issued February 27, 2009, options issued in April 2004 and November 2004 will remain at their issued price and options issued between April 2005 and January 2008 which were all priced above $0.20 will be re-priced to $0.20. Options announced on September 23, 2009 are priced at $0.14.

The Company is pleased to announce that Intrinsic Minerals Ltd. has earned its 6% joint venture interest and it has exercised its option to sell this interest back to the Company through the issuance of 2,872,450 units.

The Portage Property

The Portage property is located approximately 1.5 km from Blue Note Metals Inc.'s Restigouche massive sulphide deposit and approximately 20 km from their Caribou deposit. The Portage claims comprise approximately 12 km of favourable volcanic stratigraphy for hosting a Bathurst type massive sulphide deposit.

About Golden Chalice

Along with its Portage property the Company's continues to focus on its flagship Langmuir Project where 2007 drilling intersected 72 meters of 1.14% nickel. The Langmuir Project is easily accessible by road and is near existing mining infrastructure in the Timmins camp, host to numerous world-class gold and base metal deposits. The Company owns 100% of the property which covers more than 30 km of favorable stratigraphy with potential for hosting Kambalda-style deposits.

Visit Golden Chalice's web-site: www.goldenchaliceresources.com to see Smartstox interviews with Company Chairman and President.

This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the corporation's control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

For more information, please contact

Corporate Inquiries:

Golden Chalice Resources Inc.

Alan Campbell

Investor Relations

(604) 685-2222

info@goldenchaliceresources.com

or

Golden Chalice Resources Inc.

Kevin Hull

Investor Relations

(604) 685-2222

info@goldenchaliceresources.com

www.goldenchaliceresources.com

or

AGORACOM Investor Relations:

GCR@agoracom.com

www.agoracom.com/ir/goldenchalice

Golden Chalice Resources Commences Gold Exploration on Timmins West Property and Advances Radio Hill Iron-Ore Project

- Multiple Target Porphyries To Be Explored For Gold Potential On Timmins West Project, Exploration Work To Commence Immediately On Central Porphyry

- Geology Hosting Porphyries Similar To That Of The Timmins Gold Camp And The West Timmins Mining/Lake Shore Gold Discovery, 45 Km To The Northeast Along The Same Fault Zone

- Development Options, Including Partnerships, Being Assessed For The Radio Hill Iron Ore Project

- Existing Infrastructure In Place Including A Railroad Siding Built In The 1960's To Access Iron-Ore

VANCOUVER, BRITISH COLUMBIA-(Nov. 10, 2009) - Golden Chalice Resources Inc. (TSX VENTURE:GCR) ("The Company") is pleased to announce it has commenced exploration work on its Timmins West project, focusing on a number of known porphyries on the property. Initial exploration will focus on one of the central porphyries, where historic testing shows it is geochemically similar to the Pearl Lake Porphyry in Timmins. The Pearl Lake porphyry is associated with the McIntyre and Hollinger gold mines in Timmins. The two mines jointly produced more than 25 million ounces of gold.

"We staked the Timmins West Property because the geology is a mirror image to that of the Timmins Mining Camp," comments Company President, John Keating. "Fortunately for us, the Timmins West Property has received very limited exploration in the past because the area is almost entirely covered by a veneer of overburden that hides potential gold deposits. Our large land package has the potential to host multiple gold deposits similar to those in the Timmins and the Lakeshore Gold-West Timmins areas. In addition to gold, we are also assessing potential development opportunities, including possible partners, for the Radio Hill Iron-Ore Deposit on the Timmins West Property."

Making up the western extension of the Timmins West property, is the Radio Hill Iron-Ore project. Non NI 43-101 resource compliant estimates done in the 1960's estimated the potential for up to 420 million tons of 25.78% soluble iron to a depth of about 300 metres. Historic metallurgical tests indicate the potential to produce 63 to 65% iron concentrate.

The magnetite rich iron formation forms a topographical high and is reported to cover an area over 2 km long with a maximum width of approximately 500 meters. Previous drilling has only tested the iron formation to a vertical depth of 400 meters and historic reports indicate the potential for the mineralization to continue at depth. In addition to the Radio Hill occurrence, the Timmins West land package also hosts over 40 km of the Nat River iron formation that can be explored for iron-ore potential.

The Radio Hill Iron-Ore project is accessible by paved highway and gravel secondary road. The Kukatush railroad siding of the Canadian National Railroad is 3 km along an existing road from the Radio Hill Iron Ore occurrence. Hydroelectric power, water, and natural gas are also available in the area. The property was last worked and explored in the 1960s by Kukatush Mining Corporation.

Peter Caldbick, P.Geo., is the qualified person for the purposes of National Instrument 43-101 for the Company's Timmins West Project. The contents of the press release have been reviewed and approved by Peter Caldbick.

The historical estimates contained in this news release are not in accordance with the mineral resources or mineral reserves classifications contained in the CIM Definition Standards on Mineral Resources and Mineral Reserves, as required by National Instrument 43-101 ("NI 43-101"). Accordingly, the Company is not treating these historical estimates as current mineral resources or mineral reserves as defined in NI 43-101 and such historical estimates should not be relied upon. A qualified person has not done sufficient work to date to classify the historical estimates as current mineral resources or mineral reserves. The term "ore" in this release is being used in a descriptive sense for historical accuracy, and is not to be misconstrued as representing current economic viability.

About Golden Chalice

Along with its Timmins West Property, the Company's continues to focus on its flagship Langmuir Project where 2007 drilling intersected 72 meters of 1.14% nickel. The Langmuir Project is easily accessible by road and is near existing mining infrastructure in the Timmins camp, host to numerous world-class gold and base metal deposits. The Company owns 100% of the property which covers more than 30 km of favorable stratigraphy with potential for hosting Kambalda-style deposits.

Golden Chalice has assembled a portfolio of properties in established mining and mineral districts, notably the Abitibi in Ontario, the Bathurst camp in New Brunswick, and a gold project in Nevada.

Visit Golden Chalice's web-site: www.goldenchaliceresources.com to see Smartstox interviews with Company Chairman and President.

This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the corporation's control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

For more information, please contact

Golden Chalice Resources Inc.
Corporate Inquiries:
Alan Campbell or Kevin Hull, Investor Relations
(604) 685-2222
info@goldenchaliceresources.com
www.goldenchaliceresources.com

or

AGORACOM Investor Relations:
GCR@agoracom.com
http://www.agoracom.com/ir/goldenchalice

Golden Chalice Resources Inc. (TSX-V: GCR) ("The Company") is pleased to announce it has arranged for a private placement of up to 10,000,000 units. The financing will consist of non-flow through units priced at $0.12 per unit and flow through units priced at $0.14 per unit. Each of the units will consist of one flow through or non-flow through common share and one non-flow through, non-transferable share purchase warrant entitling the holder to purchase one additional common share for four years at a price of $0.15 per share in the first year and $0.30 per share for the remaining three years. The Company may give written notice that the Warrants will expire in 30 days if the Company's shares trade at or above $0.50 for 10 consecutive trading days.

In accordance with Exchange policies, finders' fees may be paid on the funds raised. The private placement is subject to regulatory approval.

Funds raised will be used for exploration on the Company's Ontario and New Brunswick properties as well as general working capital. Exploration will focus primarily on potential gold targets in areas with geology similar to existing gold discoveries such as Lake Shore Gold/West Timmins Mining's recent drill hole intercept of 12.75 g/t gold over 83.4 meters (West Timmins News Release June 24, 2009).

About Golden Chalice

Along with its Abitibi East Property, the Company's continues to be focused on its flagship Langmuir Project where 2007 drilling intersected 72 meters of 1.14% nickel. The Langmuir Project is easily accessible by road and is near existing mining infrastructure in the Timmins camp, host to numerous world-class gold and base metal deposits. The Company owns 100% of the property which covers more than 30 km of favorable stratigraphy with potential for hosting Kambalda-style deposits.

Along with the Langmuir Project, the Company has recently brought forward a number of its gold projects, including the Timmins West and Abitibi East properties.

CONTACT INFORMATION

Corporate Inquiries:
Alan Campbell or Kevin Hull, Investor Relations
Phone: (604) 685-2222
Email: info@goldenchaliceresources.com
Website: www.goldenchaliceresources.com

AGORACOM Investor Relations:
Email: GCR@agoracom.com
Website: http://www.agoracom.com/ir/goldenchalice

Golden Chalice Resources: Drilling Discovers Southeast Extension of Volcanic Stratigraphy Hosting Explor Resources' Gold Discovery

- TWO DRILL HOLES INTERSECTED GOLD MINERALIZATION IN VOLCANICS SIMILAR TO EXPLOR RESOURCES DISCOVERY OF 142.26 G/T GOLD OVER 3 METERS, APPROXIMATELY 3.5 KILOMETERS TO THE NORTHWEST

- COMPANY PLANNING IP SURVEY AS A PRECURSOR TO A SECOND DRILL PROGRAM

VANCOUVER, BRITISH COLUMBIA-(Oct. 7, 2009) - Golden Chalice Resources Inc. (TSX VENTURE:GCR) ("The Company") is pleased to announce the completion of a diamond drilling program of 2,039 meters on its Abitibi East Property. Drilling intersected what the Company believes to be the southeast extension of the volcanic stratigraphy hosting Explor Resources' Eastford Lake Property gold discovery of 142.26 g/t Au over 3.0 meters, announced by Explor Resources, February 9, 2009.

"We are encouraged by the results of this initial shallow drilling program. Two widely spaced holes, in an area that has never been drilled, have successfully intersected what appears to be an extension of the favourable volcanic horizon hosting Explor's high-grade gold discovery. The presence of anomalous gold mineralization within the altered volcanics supports the exploration potential for gold at depth and along strike," comments Company President, John Keating. "Explor Resources' gold discovery at 400 m vertically below surface and West Timmins' recent discovery at 700 m below surface confirm the need to test favourable geological environments at depth. Moving forward, the Company will conduct ground surveys followed by drilling to test at depth for high grade gold mineralization."

Two gold intercepts were returned from hole GCAE09-5 including 1.52 g/t Au over 0.5m (23.4-23.9 m downhole) and 1.95 g/t Au over 0.7m (91.9-92.6 m). Hole GCAE09-6 located 300 m southeast of GCAE09-05 intersected 1.85 g/t Au over 0.8 m (236.7-237.5 m). The gold mineralization occurs within sulphidic quartz flooded zones in a belt of carbonatized ultramafic and mafic volcanic rocks intruded by local feldpar porphyries. The favourable belt of altered volcanics appears to correlate with a magnetic geophysical signature that can be traced across a 1.5 km long grid, and remains open along strike.

The Abitibi East property is located approximately 75 km northeast of Timmins, Ontario.

Peter Caldbick, P.Geo. and Kevin Montgomery, PGeo., are the qualified persons for the purposes of National Instrument 43-101 for the Company's Abitibi East Project. The technical contents of the press release have been reviewed and approved by Peter Caldbick.

About Golden Chalice

Along with its Abitibi East Property, the Company's continues to be focused on its flagship Langmuir Project where 2007 drilling intersected 72 meters of 1.14% nickel. The Langmuir Project is easily accessible by road and is near existing mining infrastructure in the Timmins camp, host to numerous world-class gold and base metal deposits. The Company owns 100% of the property which covers more than 30 km of favorable stratigraphy with potential for hosting Kambalda-style deposits.

Along with the Langmuir Project, the Company has recently brought forward a number of its gold projects, including the Timmins West and Abitibi East properties.

Visit Golden Chalice's web-site: www.goldenchaliceresources.com to see Smartstox interviews with Company Chairman and President.

This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the corporation's control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

For more information, please contact

Corporate Inquiries:
Golden Chalice Resources Inc.
Alan Campbell or Kevin Hull, Investor Relations
(604) 685-2222
info@goldenchaliceresources.com
www.goldenchaliceresources.com

or

AGORACOM Investor Relations:
GCR@agoracom.com
http://www.agoracom.com/ir/goldenchalice

Hughes Exploration Group: Booth# 314/316

The Cambridge Conference is taking place this weekend and it will be as good as any given the state of commodity markets. The line-up of speakers is the best you’ll find at any conference in Canada and you’ll get a chance to meet with a number of great companies face-to-face.

Cambridge House will now be charging $20 entry fee at the door (not a gimmick, this is real) - BUT click on this link or the banner below and use our code (AGT9) to get in for free.

Second, AGORACOM will be meeting with members at our booth (#1006) on both Saturday (1:00) and Sunday (12:00). We will be drawing for cool prizes on the spot! Be sure to print off your profile page and bring it with you so you can enter the draw!

Vancouver, British Columbia, Sep 23, 2009 - Golden Chalice Resources Inc. (TSX VENTURE: GCR)("The Company") is pleased to announce, subject to regulatory approval, the acquisition of a 100% interest in the Kenogaming gold property. The Kenogaming property consists of ten claims (100 units) in Kenogaming Township, Porcupine Mining Division. The property is accessible by road and is approximately 50 km southwest of Timmins and builds on the Company's land package in the area.

"The acquisition of this gold property along with our recent announcement to move forward with exploration on the Timmins West/Radio Hill project will ensure the Company maximizes its exposure to precious metals. Drilling is also underway on gold targets on the Company's Abitibi East property, paid for by a private company," states Company Chairman, Richard Hughes. "We look forward to bringing the Kenogaming gold property forward and are currently using historic data to plan the initial exploration program."

To view a map of the Kenogaming gold property, located in the West Timmins district, please click on the following link:

http://www.goldenchaliceresources.com/i/pdf/TimminsWest.pdf

The property occurs along what may be a splay off the prolific gold-bearing Destor Porcupine Fault Zone ('DPFZ'). The DPFZ hosts the world famous Timmins gold camp as well as other gold deposits in the Harker-Holloway area of Ontario. Potential for gold mineralization may be evidenced by historical gold-bearing quartz boulders found down glacial ice-direction of the properties.

Consideration for the property consists of $115,000 and 500,000 shares, payable over four years. There is a 3% net smelter return payable, one-third (1%) of which may be purchased for $1,500,000 and the final 1% for a further $1,500,000.

The Company also announces it has granted 635,000 stock options to directors and officers of the Company and 1,440,000 stock options to employees and consultants at a price of $0.10 per share for a period of five years.

About Golden Chalice

Along with its Abitibi East Property, the Company's continues to be focus on its flagship Langmuir Project where 2007 drilling intersected 72 meters of 1.14% nickel. The Langmuir Project is easily accessible by road and is near existing mining infrastructure in the Timmins camp, host to numerous world-class gold and base metal deposits. The Company owns 100% of the property which covers more than 30 km of favorable stratigraphy with potential for hosting Kambalda-style deposits.

Along with the Langmuir Project, the Company has recently brought forward a number of its gold projects, including the Timmins West and Abitibi East properties.

Golden Chalice has assembled a portfolio of properties in established mining and mineral districts, notably the Abitibi in Ontario, the Bathurst camp in New Brunswick, and a joint-venture project in Nevada.

Visit Golden Chalice's web-site: www.goldenchaliceresources.com to see Smartstox interviews with Company Chairman and President.

This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the corporation's control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contacts:

Golden Chalice Resources Inc. - Corporate Inquiries
Alan Campbell
(604) 685-2222

Golden Chalice Resources Inc. - Corporate Inquiries
Kevin Hull
Investor Relations
(604) 685-2222
info@goldenchaliceresources.com
www.goldenchaliceresources.com

AGORACOM Investor Relations
GCR@agoracom.com
http://www.agoracom.com/ir/goldenchalice

- Geological Features and Structural Controls Similar to Recent Lake Shore Gold/West Timmins Mining Discovery of 12.75 g/t Au Over 83.4m

- Drilling Underway on Abitibi East Property, Adjacent to Explor Resources' 2009 Discovery of 142.26 g/t Au Over 3.0 Meters

VANCOUVER, BRITISH COLUMBIA-(Sept. 22, 2009) - Golden Chalice Resources Inc. (TSX VENTURE:GCR) ("The Company") is pleased to announce that a recent review of government maps and other geological data, including a VTEM airborne survey flown by the Company, has identified potential for gold mineralization at the Timmins West Property, 65 km southwest of Timmins, Ontario.

Please click on the following link to view a map of the Timmins West project and other properties in the West Timmins Mining/Lake Shore Gold discovery region (if the link does not work cut & paste it into the address bar of your browser):

http://www.goldenchaliceresources.com/i/pdf/TW_150k_GCR.pdf

The Company believes its wholly owned Timmins West Property exhibits similar regional geological features as the nearby Thunder Creek Project held by West Timmins Mining Inc. and Lake Shore Gold Corp. Recent deep drilling at the Thunder Creek Project intersected 83.40 meters grading 12.75 grams gold per tonne (g/t), one of the broadest high-grade gold intercepts ever reported from the West Timmins District. The host syenite porphyry at the Thunder Creek Project contains a number of higher grade sub-zones where drilling intersected high-grade mineralization of 38.22 g/t gold over 11 meters.

"West Timmins Mining and Lake Shore Gold's recent success with deep drilling gives us great confidence in our Timmins West Project as the property's potential has been tested with limited shallow drilling," comments Chairman of the Board, Richard Hughes. "The similar geology associated with multiple porphyries on the Timmins West property, as well as the proximity to the Destor-Porcupine Fault Zone make it a highly prospective gold hunting ground."

The host rocks for gold deposits in the Timmins mining camp have been deformed, folded and faulted by major structures such as the Destor Porcupine Fault Zone (DPFZ). These structural systems tend to fracture the rocks creating conduits for the remobilization of gold-bearing fluids from deeper seated sources. The gold-bearing fluids are often associated with intrusives such as porphyries, syenites or granodiorites that may have acted as heat engines responsible for generating these gold-bearing fluids. The western extension of the DPFZ is projected to transect the north portion of Golden Chalice's Timmins West Property.

Historically, the favorable porphyries and surrounding rocks on the Company's Timmins West Property have only been drill-tested with a few shallow holes. Data produced from the Company's airborne regional VTEM/magnetic survey is currently being examined for possible structural and geologic trends that may be related to gold mineralization. Exploration and drilling at depth and along strike will be required to adequately test these porphyries and advance the potential for a gold system on the Timmins West Property.

The Timmins West Property is situated near established mining infrastructure in the Timmins camp, known for its world-class gold and base metal mines and deposits. Approximately 70 million ounces of gold, and over 420 million ounces of silver, 18 billion pounds of zinc and 6.8 billion pounds of copper have been produced from this prolific mining district since mining began in the early 1900s.

The Company would also like to give a brief update on its Abitibi East property, adjacent to a 2009 discovery by Explor Resources where drilling intersected 142.26 g/T Au over 3.0 meters. On July 8th, 2009 the Company announced it had partnered with a private company which would incur $394,694 in expenditures on the project. Prospecting and sampling programs have been completed and drilling is currently underway. The Abitibi East property is located approximately 75 km northeast of Timmins, Ontario.

Please click on the following link for a map of the Abitibi East gold target area (if the link does not work cut & paste it into the address bar of your browser):

http://www.goldenchaliceresources.com/i/pdf/Abitibi-East-map-v9.pdf

Peter Caldbick, P.Geo. and Kevin Montgomery, PGeo., are the qualified persons for the purposes of National Instrument 43-101 for the Company's Timmins West and Abitibi East Projects. The technical contents of the press release have been reviewed and approved by Peter Caldbick.

About Golden Chalice

Along with its Abitibi East Property, the Company's continues to be focus on its flagship Langmuir Project where 2007 drilling intersected 72 meters of 1.14% nickel. The Langmuir Project is easily accessible by road and is near existing mining infrastructure in the Timmins camp, host to numerous world-class gold and base metal deposits. The Company owns 100% of the property which covers more than 30 km of favorable stratigraphy with potential for hosting Kambalda-style deposits.

Along with the Langmuir Project, the Company has recently brought forward a number of its gold projects, including the Timmins West and Abitibi East properties.

Golden Chalice has assembled a portfolio of properties in established mining and mineral districts, notably the Abitibi in Ontario, the Bathurst camp in New Brunswick, and a joint-venture project in Nevada.

Visit Golden Chalice's web-site: www.goldenchaliceresources.com to see Smartstox interviews with Company Chairman and President.

This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the corporation's control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

CONTACT INFORMATION:

Golden Chalice Resources Inc. - Corporate Inquiries

Alan Campbell

(604) 685-2222

or

Golden Chalice Resources Inc. - Corporate Inquiries
Kevin Hull
Investor Relations
(604) 685-2222
Fax: (604) 685-3764
info@goldenchaliceresources.com
www.goldenchaliceresources.com

or

AGORACOM Investor Relations
GCR@agoracom.com
www.agoracom.com/ir/goldenchalice

The map from today's press release of the Abitibi Property is available for viewing in the Link Library, as well as the following link below.

Map of Abitibi East Property

Regards,

Agoracom IR

The Company recently completed a map of the Abitibi East target area that is now available on its website:

http://www.goldenchaliceresources.com/i/pdf/Abitibi-East-map-v9.pdf

The target area shown on the map is currently being assessed by ground geophysical (magnetometer and VLF) surveys. The magnetometer survey will be used to help identify the favorable volcanics and porphyry rocks. The VLF survey will assist in identifying structures. The prime target areas to be tested by drilling will be where these structures intersect the favorable rock units. Drilling is set to begin in the next two weeks.

The Abitibi East Property surrounds three sides of the Eastford Lake Property where Explor Resources Inc. intersected 12.7 grams gold per tonne (g/t) over 7.5 meters in June, 2008. Subsequent drilling by Explor has continued to intersect high-grade gold, notably 142 g/t gold over 3.0 meters and 45.45 g/t gold over 3.3 meters, reported on February 9, 2009.

The gold mineralization discovered by Explor Resources occurs within a belt of carbonatized ultramafic and mafic volcanic rocks intruded by a number of porphyries as well as a strong structural trend in the area. This favorable geology strikes to the southeast toward Golden Chalice's Abitibi East Property. In addition, Explor Resources has discovered an east-west-trending altered porphyry that also strikes toward the Abitibi East Property. The interpreted extensions of these two trends would intersect on Golden Chalice's property, thus generating a highly favorable geological environment for potential gold mineralization.

The Company believes that south-east-trending structural zone, in combination with the altered porphyries, are crucial in the precipitation of hydrothermal gold-bearing fluids that occur within the ultramafic intrusive and volcanic rocks.

The Abitibi East Property is situated near established mining infrastructure in the Timmins camp, known for its world-class gold and base metal mines and deposits. Approximately 68 million ounces of gold plus significant amounts of silver, zinc and copper have been produced from this prolific mining district since mining began in the early 1900s.

About Golden Chalice

Along with its Abitibi East Property, the Company's continues to be focused on its flagship Langmuir Project where 2007 drilling intersected 72 meters of 1.14% nickel. The Langmuir Project is easily accessible by road and is near existing mining infrastructure in the Timmins camp, host to numerous world-class gold and base metal deposits. The Company owns 100% of the property which covers more than 30 km of favorable stratigraphy with potential for hosting Kambalda-style deposits.

Golden Chalice has assembled a portfolio of properties in established mining and mineral districts, notably the Abitibi in Ontario, the Bathurst camp in New Brunswick, and a joint-venture project in Nevada.

Visit Golden Chalice's web-site: www.goldenchaliceresources.com to see Smartstox interviews with Company Chairman and President.

This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the corporation's control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contacts:

Corporate Inquiries:

Golden Chalice Resources Inc.

Alan Campbell or Kevin Hull, Investor Relations

(604) 685-2222

(604) 685-3764 (FAX)

info@goldenchaliceresources.com

www.goldenchaliceresources.com



AGORACOM Investor Relations

GCR@agoracom.com

http://www.agoracom.com/ir/goldenchalice

European Central Banks Agree to Third Cap on Gold Sales

FRANKFURT, Germany -- European central banks agreed to a third five-year cap on gold sales and said planned disposals by the International Monetary Fund could be done within the accord.

The European Central Bank and 18 other banks agreed to sell no more than a combined 400 metric tons of the metal a year through September 2014. That's less than the annual cap of 500 tons in the current agreement, which expires Sept. 26.

"It's positive for gold," John Reade, an analyst at UBS AG in London, said by e-mail. The agreement "removes the small chance that European central banks would have dumped gold onto the market in an unconstrained manner."

Central banks sold 73 percent less gold in the first half and full-year disposals may drop to the lowest since 1994, according to estimates from London-based researcher GFMS Ltd. The IMF wants to sell 403 tons from its reserves of 3,217 tons, the third-largest holding after the U.S. and Germany.

"The IMF has not signed and this leaves open the possibility that the Chinese, Russians, another central bank could buy the 403 tons of IMF gold in one go," Reade said.

China has the world's sixth-largest holding at 1,054 tons and Russia is ranked 10th with almost 537 tons, World Gold Council data show.

Gold for immediate delivery in London was 0.4 percent lower at $959.30 an ounce by 10:45 a.m. local time today. The metal reached $971.68 an ounce yesterday, the highest since June 5.

Gold sales haven't been approved yet by the IMF's board. The U.S. Congress passed legislation in June that permits the American representatives to the IMF to agree to the planned sale to help finance aid to poor countries.

Four hundred tons, or 12.86 million troy ounces, is equal to about a sixth of annual mine production. At this year's average spot price of $920 an ounce, 400 tons would be worth about $11.8 billion.

The Swiss National Bank, one of the signatories to the new accord, in a statement today said it isn't planning any gold sales in the near future and that its gold is an important part of monetary reserves. Switzerland has 1,040 tons of gold, making it the seventh-largest holder.

Bullion sales under the current agreement total 140 tons in the current quota year, with France and the ECB leading sales, the World Gold Council said July 29. Central banks have sold about 3,867 tons since the first agreement, and failed to reach the allowed limit each year since 2005, its data show.

"We thought it may well have been a bit lower," said Daniel Major, an analyst at RBS Global Banking & Markets in London, referring to the new 400-ton cap. "The sharp decline in sales in the current agreement means a high ceiling would have been unrealistic."

Major said he hasn't seen any evidence of central banks likely to sell large amounts any time soon.

"The agreements were introduced in the first place to give the market some stability and knowledge that central bank sales would occur in a regulated framework, instead of unexpected ad hoc sales that would be destabilizing to the gold price," Louise Street, a consultant to the World Gold Council, said today by phone.

By Jana Randow
Bloomberg News
Friday, August 7, 2009

Richard Hughes was recently interviewed for the Yahoo! Small Cap Show, the interview may be accessed via this link:

Yahoo! Small Cap Show

Regards,

Agoracom IR

Golden Chalice Resources Inc. (TSX VENTURE:GCR) ("GCR") is pleased to announce, subject to regulatory approval, that it has entered into an agreement with Intrinsic Minerals Ltd. ("Intrinsic") to complete drilling and/or other exploration activities on GCR's Abitibi East Property (the 'Property') in Ontario.

The Property is located northeast of Timmins and surrounds Explor Resources' Eastford Lake Gold Project on three sides. GCR recently announced it has commenced early-stage exploration work on the Property and plans to have these new funds used to expand such program, which will include a summer trenching and/or drilling program.

In June of 2008 while testing a 600 meter magnetic low Explor Resources intersected 12.7 g/t gold over 7.5 meters with the lower 4 meters containing visible gold. On February 9, 2009 Explor Resources reported intersecting 142 g/t gold over 3.0 meters and 45.45 g/t gold over 3.3 meters. This area is known as the Lynx Gold Zone and is immediately north of the Property.

Drilling by Explor Resources identified a belt of carbonatized ultramafic and mafic volcanics intruded by a number of porphyries as well as a strong structural trend in the area. It is believed that this structural zone, in combination with these altered porphyries, were crucial in the precipitation of hydrothermal gold bearing fluids that occur within ultramafic intrusives and volcanics.

These same ultramafic intrusives and volcanics trend on to GCR's Property. In addition, porphyry intrusives that are favourable for gold mineralization also trend toward GCR's property. GCR plans to focus gold exploration on an area where the various geological trends intersect on the Abitibi East Property.

To date, limited work has been done by GCR to examine the gold potential of these ultramafic intrusives and volcanics as work has been focused on the Property's Volcanogenic Massive Sulphide ("VMS") potential.

The entire Property has been flown by the VTEM airborne geophysical survey with numerous airborne anomalies and magnetic trends being identified. A program of ground truthing of these VTEM anomalies and reconnaissance mapping is ongoing. In addition, a program of linecutting with Mag-VLF surveys is being undertaken to delineate gold targets along the belt of ultramafics which will be trenched or drilled this summer.

The Agreement requires Intrinsic to incur $344,694 in expenditures on the Property which will qualify as flow-through expenditures. In consideration for the flow-through expenditures by Intrinsic, GCR shall grant Intrinsic a 6% interest in the Property, or such proportionate interest based on the required expenditures, subject to a call/put option whereby GCR will re-acquire that interest.

Pursuant to the Agreement, Intrinsic is required to expend $344,694 in flow-through expenditures prior to September 15, 2009. Upon Intrinsic spending $344,694, either party has the right, at any time, to have GCR acquire Intrinsic's interest in the Property by GCR issuing 2,872,450 units ("GCR Units"). Each GCR Unit will consist of one share of GCR and one warrant (each warrant entitling Intrinsic to acquire an additional share of GCR for a period of 24 months from the date of issue at an exercise price of $0.15 per share during the first 12 months and $0.20 thereafter). In the event Intrinsic fails to expend $344,694 their interest in the Property shall be adjusted proportionately, including the put/call option. Upon exercise of the put/call option GCR shall have an undivided 100% interest in the Property, subject to any existing underlying agreements. A finders fee will be paid subject to regulatory approval.

"This is an exciting new gold discovery for the Timmins Camp. The proximity and structural nature of the discovery makes the Company's Abitibi East Property prime real estate to explore for the possible expansion of the mineralized zone." comments GCR president John Keating.

GCR is in the process of completing a compilation of new and existing data. A map of the Property with trends based on new and previously identified mineralization will be available on GCR's website within the next month.

The contents of this news release have been reviewed and approved by Peter Caldbick, a Qualified Person for the purposes of National Instrument 43-101.

About Intrinsic Minerals Ltd.

Intrinsic Minerals Limited is a private Canadian corporation incorporated in May 2007 for the purpose of acquiring highly prospective mineral properties in Canada. Intrinsic owns a 100% interest in 30 claims known as Simms Ridge in the Humber Zone of the Appalachian Orogen in northern Newfoundland. The Simms Ridge property is the location of a past producing gold mine and surface testing in June 2009 resulted in high gold values including two gold samples assaying in excess of 100,000 ppb. Intrinsic Minerals also owns a 100% interest in a 450 claim prospective nickel property in the Kingurutik area of Northern Labrador.

About Golden Chalice

Along with its Abitibi East Property, the Company's continues to be focused on its flagship Langmuir Project where 2007 drilling intersected 72 meters of 1.14% nickel. The Langmuir Project is easily accessible by road and is near existing mining infrastructure in the Timmins camp, host to numerous world-class gold and base metal deposits. The Company owns 100% of the property which covers more than 30 km of favorable stratigraphy with potential for hosting Kambalda-style deposits.

Golden Chalice has assembled a portfolio of properties in established mining and mineral districts, notably the Abitibi in Ontario, the Bathurst camp in New Brunswick, and a joint-venture project in Nevada.

Visit Golden Chalice's web-site: www.goldenchaliceresources.com to see Smartstox interviews with Company Chairman and President.

This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the corporation's control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

NEIGHBOUR EXPLOR RESOURCES INTERSECTS 142 G/TONNE OVER 3 METERS ON ADJACENT CLAIMS

- LARGEST LAND HOLDER IN IMMEDIATE AREA

Golden Chalice Resources (TSX VENTURE:GCR) (the 'Company') is pleased to announce it has commenced early-stage exploration work on its Abitibi East Property. The property is located northeast of Timmins and surrounds Explor Resources' Eastford Lake Gold Project on three sides.

In June of 2008 while testing a 600 meter mag low Explor Resources intersected 12.7 g/t Au over 7.5 meters with the lower 4 meters containing visible gold. On February 9, 2009 Explor Resources reported intersecting 142 g/t Au over 3.0 meters and 45.45 g/t over 3.3 meters. This area is known as the Lynx Gold Zone and is immediately north of the Abitibi East Property.

Drilling by Explor Resources identified a belt of carbonatized ultramafic and mafic volcanics intruded by a number of porphyries as well as a strong structural trend in the area. Geologists at Explor Resources believe that this structural zone, in combination with these altered porphyries, were crucial in the precipitation of hydrothermal gold bearing fluids that occur within ultramafic intrusives.

A significant portion of this belt of ultramafic intrusives trends on to Golden Chalice's Abitibi East ground.

The entire property has been flown by Geotech and numerous VTEM airborne anomalies have been identified. A program of ground truthing the VTEM anomalies and reconnaissance mapping is currently underway. In addition, a program of linecutting and Mag-VLF has also started to delineate potential gold targets along the belt of ultramafics for follow-up by trenching and/or drilling.

All other recent work on Abitibi East has focused on the VMS potential, which the Company will be providing an update on in the near future. A map of the property with potential mineral trends is currently being produced and will soon be available on the Company website.

Peter Caldbick, P.Geo. has reviewed and approved the press release. Mr. Caldbick is the qualified person for the purposes of National Instrument 43-101 for the Company's Abitibi East Project.

About Golden Chalice

Along with its Abitibi East Property, the Company's continues to be focused on its flagship Langmuir Project. The Langmuir Project is easily accessible by road and is near existing mining infrastructure in the Timmins camp, host to numerous world-class gold and base metal deposits. The Company owns 100% of the property which covers more than 30 km of favorable stratigraphy with potential for hosting Kambalda-style deposits.

Golden Chalice has assembled a portfolio of properties in established mining and mineral districts, notably the Abitibi in Ontario, the Bathurst camp in New Brunswick, and a joint-venture project in Nevada.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

CONTACT INFORMATION:

Corporate Inquiries:
Golden Chalice Resources
Kevin Hull, Investor Relations
(604) 685-2222
info@goldenchaliceresources.com

INFILL DRILLING HIGHLIGHTS:

Golden Chalice Management has taken the proactive stance to address certain issues raised by posters attempting to create misconceptions about the Langmuir Deposit and its mineralization. Pasted below is a short address that outlines in brief the allegations and GCR's response. Please take the time to read the statement that addresses the issue with respect to misconceptions that were created by Reptillian and Driller 01.

Please refrain form commenting directly on the board; any questions that arise out of this statement can be sent to GCR@agoracom.com and will be systematically answered via GCR management directly to the e-mail address provided.

Golden Chalice appreciates your continued support and belief in the Langmuir Discovery.

Regards,

Agoracom IR

"The statements made by Reptillian and Driller01 boil down to just a couple of points:

• The Langmuir is not a Kambalda style deposit
• The VTEM targets identified are graphitic
  • Retrieved core is largely graphitic
• The drill program is having too many misses
• The Langmuir is not of sufficient size to host large ore bodies

The Kambalda characteristics of the Langmuir property have been noted by parties other than Golden Chalice and confirmed by consultants.

As more information has become available to our geologists the similarities to the Kambalda region of Australia have become stronger. One such similarity can be found in the nature of the Komatiites.

An release from the Company Emu Nickel, which has properties in the Kambalda region, states that “Komatiites of similar age, composition, and thickness host world-class massive and disseminated nickel sulphide deposits at Kambalda in Western Australia, and in southern Africa and Canada.”

The presence of graphite in the area is consistent with nickel discoveries all over the world. Nickel in suspension utilizes sulphur in order to precipitate and drop out of superheated flows. This sulphur is taken from accompanying mineralization often in the form of iron or graphite. Thus it is expected that drill core will, at times, include one of these minerals. Our drilling to this point has not intersected a ratio of graphite disproportionate to that being intersected by exploration companies the world over.

Regarding the size of the Kambalda region of Australia relative to the Langmuir property we would point out that 12 nickel deposits occur within an ultramafic flow unit of approximately 8 km by 4 km in area in Australia. In comparison, the ultramafic flow package hosted by Langmuir is over 35 km long and up-to 4 km wide. We can state with confidence that the area covered by the Langmuir property is certainly large enough.

Finally, with respect to the success rate of our drilling program there seems to be some misconception on the part of some investors. Two holes in ten of the exploratory holes drilled found our W2 & W3 Discoveries. Over the past year with infill drilling on the W4 Deposit 20 out of 23 holes intersected material nickel mineralization. This ratio is phenomenal for our industry and should be recognized as a testament to the quality of our exploration crew and their diligent scientific work."

Hole GCL09-10, completed in the W2 Discovery area, returned 1.72% nickel over 3.0 meters from 303.50 to 306.50 meters within a broader mineralized channel flow grading 0.55% nickel over 20.10 meters from 287.30 to 307.40 meters.

For a map and diagram including drill highlights from the Company’s Langmuir project please click on the link: http://www.goldenchaliceresources.co...

The mineralization was found approximately 25 meters east and up-dip of a previously reported intersection grading 3.34% nickel over 0.9 meters from 373.50 to 374.40 meters. These previously released results represent the first new nickel mineralization on strike with the Langmuir Discovery Zone. The W2 Zone is located 1.5 km from the original W4 Discovery Zone where initial drilling in May of 2007 intersected 1.14% nickel over 72.5 meters.

The original drill target in the W2 area was a deep VTEM conductor identified using computer modeling for locating “Kambalda-style” deposits in conjunction with conventional MMI soil anomalies. This deposit type takes its name from the Kambalda Nickel District of Australia, where at least 36 sulphide bodies host collective reserves of 48 million tonnes at 3.6% nickel and 0.25% copper. Management is encouraged by the latest results as the mineralization within the channel flow horizon consists of blebby, patchy and fracture-filled pyrrhotite and pentlandite, consistent with Kambalda-style nickel mineralization. The mineralized channel flow is also similar to that of the Langmuir Discovery Zone.

Company President, John Keating, states, “We are extremely encouraged by the success we have had to date in the drilling of VTEM targets defined using the Kambalda model together with MMI soil anomalies. The full potential of the project remains unknown as the Company’s significant land position contains numerous high-priority targets yet to be tested.”

The latest W2 drilling further validates the theory of a Kambalda-type district with potential for multiple nickel deposits over a relatively small area of the Langmuir Property, as well as the validity of the Company’s deep target conductivity model derived from the VTEM data. This new modeling has detected other large conductive bodies at depth with geophysical signatures similar to the known mineralized zone. The modeling also shows that the W2 discovery and nearby 2007 W4 Discovery Zone are still largely untested at depth relative to their geophysical signatures.

Along with testing of the new W2 discovery and the recently defined geophysical and geochemical targets, the Company will continue exploration on its most advanced target, the Langmuir Discovery Zone. Recent infill drilling as high as 2.75% Ni over 24.4 meters has confirmed the continuity of mineralization along strike of this zone (see press release, Feb. 18/09). These and other results will be used toward building an initial NI 43-101 compliant resource estimate.

The road-accessible Langmuir Property covers more than 30 km of favorable stratigraphy with potential for hosting Kambalda-style deposits. Another eight holes have been completed to date for a total of 3,445 meters testing several VTEM and MMI targets. Anomalous nickel values were found about 120 meters northwest of the W2 discovery below significant surface MMI responses in drill holes GCL09-6 and GCL09-7.

Peter Caldbick, P.Geo. has reviewed and approved the press release and Kevin Montgomery, P.Geo. is the project supervisor. Mr. Caldbick and Mr. Montgomery are the qualified persons for the purposes of National Instrument 43-101 for the Company's Langmuir Project.

About Golden Chalice

The Company’s main focus continues to be its flagship Langmuir Project. The Langmuir Project is easily accessible by road and is near existing mining infrastructure in the Timmins camp, host to numerous world-class gold and base metal deposits.

Golden Chalice has other promising projects near the Timmins mining camp of Ontario, including the Radio Hill property and the Abitibi East Property, which covers similar host rocks as the Kidd Creek deposit, 85 km to the west. The Company has assembled a portfolio of properties in established mining and mineral districts, notably the Abitibi in Ontario, the Bathurst camp in New Brunswick, and a joint-venture project in Nevada.

CONTACT INFORMATION

Corporate Inquiries: Kevin Hull, Investor Relations
Phone: (604) 685-2222
Email: info@goldenchaliceresources.com
Website: www.goldenchaliceresources.com

Visit Golden Chalice’s web-site: www.goldenchaliceresources.com to see Smartstox interviews with Company Chairman Richard Hughes.

AGORACOM Investor Relations: Email: GCR@agoracom.com
Website: http://www.agoracom.com/ir/goldencha...

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.