NOT FOR DISSEMINATION IN THE UNITED STATES 

Chalice Gold Mines Limited (TSX:CXN)(ASX:CHN) ("Chalice") and Coventry Resources
Inc. (ASX:CYY)(TSX VENTURE:CYY) (''Coventry'') are pleased to advise that 46
million shares in Chalice have been distributed today directly to Coventry
shareholders on a pro rata basis. Each Coventry Shareholder has been sent
approximately 0.5054 Chalice Shares for every single Coventry Share held.




                                                                            
BILL BENT                               STEVEN CHADWICK                     
Managing Director                       President and Chief Executive       
Chalice Gold Mines Limited              Officer                             
7 February 2014                         Coventry Resources Inc.             
                                        7 February 2014                     



Forward-Looking Statements

This document may contain forward-looking information within the meaning of
Canadian securities legislation and forward-looking statements within the
meaning of the United States Private Securities Litigation Reform Act of 1995
(collectively, "forward-looking statements"). These forward-looking statements
are made as of the date of this document and Chalice Gold Mines Limited (the
Company) does not intend, and does not assume any obligation, to update these
forward-looking statements, except as required by law or regulation.


Forward-looking statements relate to future events or future performance and
reflect Company management's expectations or beliefs regarding future events and
include, but are not limited to, the estimation of mineral reserves and mineral
resources, the realisation of mineral reserve estimates, the likelihood of
exploration success, the timing and amount of estimated future production, costs
of production, capital expenditures, success of mining operations, environmental
risks, unanticipated reclamation expenses, title disputes or claims and
limitations on insurance coverage. 


In certain cases, forward-looking statements can be identified by the use of
words such as plans, expects or does not expect, is expected, budget, scheduled,
estimates, forecasts, intends, anticipates or does not anticipate, or believes,
or variations of such words and phrases or statements that certain actions,
events or results may, could, would, might or will be taken, occur or be
achieved or the negative of these terms or comparable terminology. By their very
nature forward-looking statements involve known and unknown risks, uncertainties
and other factors which may cause the actual results, performance or
achievements of the Company to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking
statements. Such factors include, among others,; risks related to actual results
of current exploration activities; changes in project parameters as plans
continue to be refined; future prices of mineral resources; possible variations
in ore reserves, grade or recovery rates; accidents, labour disputes and other
risks of the mining industry, as well as those factors detailed from time to
time in the Company's interim and annual financial statements, all of which are
filed and available for review on SEDAR at sedar.com. Although the Company has
attempted to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or results not
to be as anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.


Accordingly, readers should not place undue reliance on forward-looking statements.

None of the securities anticipated to be issued pursuant to the Arrangement have
been or will be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act"), or any state securities laws, and any
securities issued in the Arrangement are anticipated to be issued in reliance
upon available exemptions from such registration requirements pursuant to
Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under
state securities laws. This press release does not constitute an offer to sell
or the solicitation of an offer to buy any securities.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Chalice Gold Mines Limited
Bill Bent
Managing Director
(W): +61 9322 3960


Chalice Gold Mines Limited
Tim Goyder
Executive Chairman
(W): +61 9322 3960


Chalice Gold Mines Limited
Keith Smart
Business Development Manager
(W): +61 9322 3960


Coventry Resources
Steven Chadwick
President and CEO
(W): +61 8 9324 1266


For media inquiries, please contact:
Nicholas Read
Read Corporate
+618  9388 1474
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