SOURCE: Golden Chalice Resources Inc.

November 16, 2007 18:39 ET

Latest Technology Brought to Golden Chalice Langmuir Nickel Discovery

VANCOUVER, BC--(Marketwire - November 16, 2007) - Golden Chalice Resources Ltd. (TSX-V: GCR) (PINKSHEETS: GCRIF) is pleased to announce that Geotech has recently flown more than 2,700 kilometres of airborne geophysics over the entire Langmuir Property located 35 kilometres southeast of Timmins, Ontario. The new airborne survey was conducted with Geotech's improved B-field VTEM system and has resulted in better conductor definition in the area of, and on strike with, GCR's Langmuir Nickel Discovery. The survey has produced more than 25 distinctive drill targets which are scheduled for modeling and analysis in preparation for a winter drilling program. Most of these targets are on strike with the discovery zone with many being similar in strength and physical properties to the airborne anomalies associated with the nickel discovery.

Two drills continue to test the Nickel Discovery. The nickel mineralization occurs within a thick package of peridotitic volcanic flows. Multiple flows rich in nickel mineralization with elevated platinum and palladium have been intersected by drilling to date. This favourable flow horizon has been intersected for over 350metres along strike by drilling. The flows continue to be open along strike and at depth. The Company expects to announce additional drilling results next week.

Peter Caldbick, P.Geo., and Kevin Montgomery, P.Geo. are the qualified persons for the purposes of National Instrument 43-101 for the Company's Langmuir Project.

About Golden Chalice

Golden Chalice is well positioned to discover and capitalize on world class gold, silver, copper, nickel, zinc, platinum and palladium 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 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.

GOLDEN CHALICE RESOURCES INC.

On behalf of the Board of Directors
Richard W. Hughes, Chairman

For Further Information Contact:

The Hughes Exploration Group, Phone: (604) 685-2222 or visit Golden Chalice's web-site: www.goldenchaliceresources.com to see Smartstox interviews 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.

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