SOURCE: Golden Chalice Resources Inc.

May 30, 2007 12:47 ET

Golden Chalice Commences Drilling on the New Langmuir Nickel Discovery

VANCOUVER, BC--(Marketwire - May 30, 2007) - Golden Chalice Resources Inc. (PINKSHEETS: GCRIF) (TSX-V: GCR) is pleased to announce that the drill has been moved to start drilling the new Nickel discovery on the Langmuir Property, southeast of Timmins, Ontario. This phase of drilling will systematically test the updip, downdip and strike extent in both directions of the wide zone intersected in Hole GCL07-6.

Hole GCL07-6 intersected 1.14% Nickel, 0.08% Copper, 0.02% Cobalt, 0.11 g/t Platinum and 0.26% Palladium over 72.50 metres. This drill core intercept also contains two separate heavily mineralized intersections of 2.23% Nickel over 17.10 metres and 1.74% Nickel over 13.10 metres.

Bore hole geophysics has been completed on the drill hole. The data is being compiled by the geophysicist and will be used to help guide the drilling program.

Peter Caldbick, P.Geo., and Kevin Montgomery, P.Geo., are the qualified people for the purposes of National Instrument 43-101 for the Company's Langmuir Project. Project supervision is by Kevin Montgomery and the contents of this Press Release have been reviewed and approved by Peter Caldbick.

About Golden Chalice

Golden Chalice is well positioned to discover and capitalize on world class gold, silver, copper, nickel, zinc, platinum, palladium and diamond deposits. During the last couple of years the Company has strategically accumulated large land packages in existing mining or mineral districts such as the Abitibi in Ontario and in the Bathurst Camp in New Brunswick. These properties have existing infrastructure and are often within road access to metallurgical facilities to process mined ores. Details relating to exploration activities on specific properties will be announced during the coming months as the work program is implemented.

On behalf of the Board of Directors

Richard Hughes, Chairman

For Further Information Contact:

Richard Hughes
Phone: (604) 685-2222 or visit Golden Chalice's web site: to see Smartstox interview with Company
Chairman and President.
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.

711 - 675 West Hastings Street
Vancouver, B.C.
V6B 1N2
Phone: (604) 685-2222
Fax: (604) 685-3764

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