Chesapeake Gold Corp. (“Chesapeake” or the “Company”) announces that pursuant to its Stock
Option Plan, the Board of Directors has granted 790,000 options (“Options”) to directors, officers, employees and consultants of the Company, at an exercise price of $3.75 per share. The Options are exercisable for a term of five years from the date of the grant. The Options will vest and be exercisable on the basis of 25% annually commencing September 27, 2018, the first anniversary of the date of the option grant.

For more information on Chesapeake and its Metates Project, please visit our website at or contact investor relations at 604-731-1094.

“P. Randy Reifel”
P. Randy Reifel
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.