July 30, 2010 adminsns

Chalice Diamond Corp: Corporate Update

VANCOUVER, BC – July 30, 2010 – Chalice Diamond Corp. (TSX-V:COD) (the “Company”) announces that Joseph Montgomery and John de Jong have resigned as Directors of the Company.

The Board of Directors expresses their thanks and appreciation to both Mr. Montgomery and Mr. de Jong for their invaluable contribution and service to the Company.

About Chalice Diamond

Chalice Diamond Corp. is a member of the Hughes Exploration Group of Companies and is led by a team with a stellar track record of discovery and development in Canada.

Chalice Diamond Corp., in conjunction with joint venture partners, is continuing the search for diamond, base and precious metal deposits in the Wawa-Chapleau region of Ontario, where it has staked or optioned approximately 100,000 hectares of highly prospective ground.

For further information contact:
Alan Campbell or Kevin Hull, Investor Relations
Phone: (604) 639-4533
Email: info@chalicediamond.com

Or visit Chalice Diamond’s web-site: www.chalicediamond.com for current information and to see Smartstox interviews with company Chairman Richard Hughes.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.


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