Dear Shareholder:

Golden Chalice Management has taken the proactive stance to address certain issues raised by posters attempting to create misconceptions about the Langmuir Deposit and its mineralization. Pasted below is a short address that outlines in brief the allegations and GCR's response. Please take the time to read the statement that addresses the issue with respect to misconceptions that were created by Reptillian and Driller 01.

Please refrain form commenting directly on the board; any questions that arise out of this statement can be sent to GCR@agoracom.com and will be systematically answered via GCR management directly to the e-mail address provided.

Golden Chalice appreciates your continued support and belief in the Langmuir Discovery.

Regards,

Agoracom IR

"The statements made by Reptillian and Driller01 boil down to just a couple of points:

• The Langmuir is not a Kambalda style deposit
• The VTEM targets identified are graphitic
  • Retrieved core is largely graphitic
• The drill program is having too many misses
• The Langmuir is not of sufficient size to host large ore bodies

The Kambalda characteristics of the Langmuir property have been noted by parties other than Golden Chalice and confirmed by consultants.

As more information has become available to our geologists the similarities to the Kambalda region of Australia have become stronger. One such similarity can be found in the nature of the Komatiites.

An release from the Company Emu Nickel, which has properties in the Kambalda region, states that “Komatiites of similar age, composition, and thickness host world-class massive and disseminated nickel sulphide deposits at Kambalda in Western Australia, and in southern Africa and Canada.”

The presence of graphite in the area is consistent with nickel discoveries all over the world. Nickel in suspension utilizes sulphur in order to precipitate and drop out of superheated flows. This sulphur is taken from accompanying mineralization often in the form of iron or graphite. Thus it is expected that drill core will, at times, include one of these minerals. Our drilling to this point has not intersected a ratio of graphite disproportionate to that being intersected by exploration companies the world over.

Regarding the size of the Kambalda region of Australia relative to the Langmuir property we would point out that 12 nickel deposits occur within an ultramafic flow unit of approximately 8 km by 4 km in area in Australia. In comparison, the ultramafic flow package hosted by Langmuir is over 35 km long and up-to 4 km wide. We can state with confidence that the area covered by the Langmuir property is certainly large enough.

Finally, with respect to the success rate of our drilling program there seems to be some misconception on the part of some investors. Two holes in ten of the exploratory holes drilled found our W2 & W3 Discoveries. Over the past year with infill drilling on the W4 Deposit 20 out of 23 holes intersected material nickel mineralization. This ratio is phenomenal for our industry and should be recognized as a testament to the quality of our exploration crew and their diligent scientific work."