GOLDEN CHALICE RESOURCES INC. ("GCR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 7, 2009
TSX Venture Tier 2 Company


TSX Venture Exchange has accepted for filing documentation with respect to
the first tranche of a Non-Brokered Private Placement announced June 22,
2009:


Number of Shares: 2,150,000 non flow-through shares


Purchase Price: $0.10 per share


Warrants: 2,150,000 share purchase warrants to
purchase 2,150,000 shares


Warrant Exercise Price: $0.15 for a one year period
$0.20 in the second year


Number of Placees: 3 placees


No Insider / Pro Group Participation


Finder's Fee: $15,200 payable to Redplug Capital


Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement
and setting out the expiry dates of the hold period(s). The Company must
also issue a news release if the private placement does not close
promptly. (Note that in certain circumstances the Exchange may later
extend the expiry date of the warrants, if they are less than the maximum
permitted term.)