Chalice Gold Mines - Croteau Est Joint Venture Update

Symbol:                     ASX: CHNTSX:  CXN

Shares outstanding:              282 million

Fully diluted:                            292 million

PERTH, Western Australia, Dec. 22, 2015 /CNW/ - Chalice Gold Mines ("Chalice" or "The Company") ASX:CHNTSX:CXN advises that the Company has completed an internal review of exploration assets, and in the light of current market conditions taken the decision to withdraw from the farm-in joint venture with Northern Superior Resources Inc. (TSX-V: SUP) without earning an interest in the project. Pursuant to the joint venture agreement, Chalice has met its minimum commitment to spend CAD$500,000.

SOURCE Chalice Gold Mines Limited

Tim Goyder, Managing Director, Gary Snow, COO, Chalice Gold Mines Limited, Telephone [phone]