Chalice Gold Mines Limited announced that its Quarterly Activity and Cash Flow Reports for the quarter ended December 31, 2018. Pyramid Hill Gold Project – Bendigo Region, Victoria, Australia: Maiden 8,500 m reconnaissance Aircore (AC) drilling programme commenced within the Muckleford Area, assays received for 4,733 m to date. Additional high quality drill targets have been defined, resulting in a decision to expand the initial AC programme to 15,000 m. Drilling to continue until the end of February 2019. Encouraging early anomalous gold and pathfinder results received to date include: South Target: Anomalous gold-in-quartz intersected 3 km to the north along strike from anomalous gold values in historical drill holes, indicating a possible strike-extensive gold zone associated with the Muckleford Fault; and, West Target: 15 m -30 m wide zones of anomalous arsenic intersected within four contiguous, 100 m spaced holes, indicating a possible halo to proximal gold mineralisation. Depth of cover observed typically 20 m -50 m at the South and West Targets, with the prospective basement intersected in 54 of 57 holes (95%). Gravity geophysics shown to be effective in defining basement highs; highly prospective 'buried hills' in the target basement. Chalice now a well-established and active explorer in the Bendigo region, with 4,500 square km of Exploration Licences and applications in three districts (Muckleford, Mt William and Percydale). East Cadillac Gold Project – Quebec, Canada: 8,100 m reconnaissance diamond drill programme commenced this week, testing two large-scale, highly prospective targets on 100% Chalice owned tenure: Legrand Target: a large 3.4 km x 1.3 km gold-plus-pathfinder MMI geochemical anomaly, with similarities to the >16Moz Canadian Malartic gold mine, located 70 km to the west; and, Anderson Target: a large ~2.3 km x 0.5 km gold-plus-pathfinder MMI geochemical anomaly located on a sub-parallel fault north of the Larder Lake – Cadillac Fault. Targets represent the most coherent geochemical anomalies found to date and represent exceptional scale drill targets.