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.
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