NEWS

PRESS RELEASE

CHESAPEAKE MOBILIZES A DRILL PROGRAM AT LUCY

Vancouver, British Columbia – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) is pleased to announce the property-wide soil geochemistry program has expanded the surface mineralized footprint at its Lucy Project (“Lucy”) located in central Sinaloa, Mexico. To date, over 1,000 surface soil and rock geochemistry samples were collected from the Discovery, Central and Western zones. A 5,000 metre in-fill and expansion drill program has been mobilized to test the multiple targets recently identified. Jean-Paul Tsotsos, Chief Executive Officer, commented, “The systematic and detailed exploration at Lucy has delivered promising results, highlighting the growing scale of this exciting gold project. The first drill rig has been mobilized

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PRESS RELEASE

 CHESAPEAKE ANNOUNCES PROPRIETARY HEAP OXIDATION TECHNOLOGY UPDATES 

Vancouver, British Columbia – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) is pleased to provide a progress update on its proprietary heap oxidation technology (“Technology”) on its Metates project, located in Durango, Mexico.  Jean-Paul Tsotsos, Chief Executive Officer, commented, “The first results from the third phase of Metates’ metallurgical testing highlight several significant advances through our variability program, including the ability to maintain and improve precious metals recoveries while reducing oxidation times.  The improvements are expected to provide several cost-economic benefits and the opportunity to further enhance production while lowering working capital and costs.  In addition, the preliminary High Pressure Grinding Roll (“HPGR”) testwork underway offers

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PRESS RELEASE

CHESAPEAKE GOLD ANNOUNCES Stock Option Grant

VANCOUVER, B.C. – Chesapeake Gold Corp. (TSXV:CKG, OTCQX:CHPGF) (“Chesapeake” or the “Company”) announces the grant of stock options under its Stock Option Plan to purchase an aggregate of 227,000 common shares of the Company at an exercise price of C$2.95 per share for a five‑year term expiring July 31, 2031. The stock options were granted to officers of the Company. The options will vest and be exercisable on the basis of 25% annually, commencing July 31, 2027, the first anniversary of the date of the grant. About Chesapeake Chesapeake Gold Corp’s flagship asset is the Metates Project (“Metates”) located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver

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PRESS RELEASE

CHESAPEAKE GOLD ANNOUNCES Stock Option Grant

VANCOUVER, B.C. – Chesapeake Gold Corp. (TSXV:CKG, OTCQX:CHPGF) (“Chesapeake” or the “Company”) announces the grant of stock options under its Stock Option Plan to purchase an aggregate of 2,200,000 common shares of the Company at an exercise price of C$3.40 per share for a five‑year term expiring May 7, 2031. The stock options were granted to directors and a consultant of the Company. The options will vest and be exercisable on the basis of 25% annually, commencing May 7, 2027, the first anniversary of the date of the grant. For Further Information: For more information on Chesapeake, its Metates and Lucy Projects or proprietary oxidative leach technology, please visit our website

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PRESS RELEASE

CHESAPEAKE ANNOUNCES MEMBERSHIP IN THE MINING ASSOCIATION OF CANADA; management update

VANCOUVER, B.C. – Chesapeake Gold Corp. (TSXV:CKG, OTCQX:CHPGF) (“Chesapeake” or the “Company”) is pleased to announce that it has become a member of The Mining Association of Canada (“MAC”). MAC represents companies involved in mineral exploration, mining, smelting, refining, and semi-fabrication. Through advocacy, research, and collaboration, MAC works to ensure the Canadian mining industry remains globally competitive and socially responsible. Membership in MAC underscores Chesapeake’s commitment to responsible mineral exploration, sustainability, and industry collaboration. As a member, the Company will participate in MAC’s initiatives, including the Towards Sustainable Mining (“TSM”) program, which promotes environmental stewardship, social responsibility, and transparency across the mining sector. “We look forward to engaging with MAC

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PRESS RELEASE

CHESAPEAKE GOLD RECEIVES A U.S. PATENT FOR ENHANCED METAL RECOVERY FROM SULPHIDE ORES

VANCOUVER, B.C. – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) is pleased to announce that it has received a U.S. Patent (U.S. Patent Number 12,595,529) for its proprietary method of enhanced metal recovery from sulphide ores.  The patent, awarded by the U.S. Patent and Trademark Office, represents a significant achievement in Chesapeake’s heap oxidation technology (“Technology”).  Jean-Paul Tsotsos, Chief Executive Officer of Chesapeake, stated, “The U.S. patent is an important milestone for Chesapeake. The patent protects Chesapeake’s Technology and reinforces the strength of our intellectual property.  The patent supports our corporate strategy to build shareholder value from the Technology, unlocking economic value from refractory sulphide gold

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PRESS RELEASE

CHESAPEAKE GOLD NAMED IN 2026 TSX VENTURE 50 LIST of TOP PERFORMING COMPANIES

VANCOUVER, B.C. – Chesapeake Gold Corp. (TSXV:CKG, OTCQX:CHPGF) (“Chesapeake” or the “Company”) is pleased to announce that it has been named to the TSX Venture 50 list of top performing companies on the TSX Venture Exchange (“TSXV”), based on an outstanding 388% share price appreciation and 415% market capitalization growth in 2025. The 2026 TSX Venture 50 showcases the top 51 of over 1,600 TSXV issuers. Eligible listed issuers are ranked based on three equally weighted criteria of one-year share price appreciation, market capitalization growth, and Canadian consolidated trading value as of December 31, 2025.  The companies on the list delivered an average share price appreciation of 431% to investors

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