GCR Gespeg Resources Ltd

Golden Chalice Resources Inc. (TSX VENTURE: GCR) ("The Company") is pleased to announce it has appointed Peter Caldbick, PGeo., Regional Exploration Manager for the Timmins area, as the Company's new Vice President of Exploration.

Mr. Caldbick has been active in exploration and mining for the past 27 years throughout Northern Ontario and Quebec, Newfoundland and the Northwest Territories in the positions of exploration geologist, mine geologist, and consultant. For the past 5 years Mr. Caldbick has been involved with the Hughes Group of Companies, notably Golden Chalice Resources and Amador Gold Corp. Mr. Caldbick was directly responsible for building and managing the exploration teams that led to the discovery of Golden Chalice Resources' Langmuir Kambalda Nickel Discovery as well as deep-seated zinc, copper and lead replacement style mineralization on its Abitibi East project, Amador Gold Corp's Loveland nickel-copper discovery, and the discovery of diamondiferous dykes and conglomerates on Chalice Diamond Corp's Wawa-Chapleau project.

"Given his geological background, proven track record, and extensive knowledge of the Timmins camp and surrounding area we are confident in Peter's ability to lead the Company's exploration team into the New Year. We've amassed an extensive land position in the Timmins camp over the previous five years, including a number of gold projects west of Timmins in 2009, and are now moving forward with an aggressive exploration program," comments Company Chairman, Richard Hughes. "Peter will be working closely with the management team in the development and execution of numerous exploration programs throughout the Timmins camp."

To view a map of Golden Chalice projects in the West Timmins camp please click on the following link:

http://www.brmstatpack.com/track/1001/1003

About Golden Chalice

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.

The Company is also advancing its Timmins West property, which contains a number of porphyries and similar geology to the Lake Shore Gold ground, approximately 30 km to the northeast, as well as its Abitibi East gold property.

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

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