NEWS

PRESS RELEASE

Chesapeake Gold ANNOUNCES CLOSING OF $17.2 MILLION BOUGHT DEAL PUBLIC OFFERING (OVER-ALLOTMENT OPTION EXERCISED IN FULL) and $2.8 Million non-brokered private placement with participation by eric sprott

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia – January 27, 2026 – Chesapeake Gold Corp. (TSXV:CKG) (“Chesapeake” or the “Company”) is pleased to announce that it has closed its previously announced bought deal public offering (the “Brokered Offering”) of 4,107,225 units of the Company (the “Units”) at a price of $4.20 per Unit (the “Issue Price”) for aggregate gross proceeds of $17,250,345, which includes the full exercise of the over‑allotment option. Each Unit consists of one common share of the Company (each, a “Common Share”) and one-half of one Common Share purchase warrant (each full warrant, a “Warrant”). Each

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PRESS RELEASE

CHESAPEAKE GOLD ANNOUNCES FILING OF PROSPECTUS SUPPLEMENT IN CONNECTION WITH PREVIOUSLY ANNOUNCED $15 MILLION BOUGHT DEAL PUBLIC OFFERING 

Prospectus Supplement and Base Shelf Prospectus Accessible on SEDAR+ NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia – January 14, 2026 – Chesapeake Gold Corp. (TSXV:CKG) (“Chesapeake” or the “Company”) is pleased to announce that it has filed a prospectus supplement (the “Prospectus Supplement”) dated January 14, 2026, to its short form base shelf prospectus (the “Base Shelf Prospectus”) dated February 23, 2024, with the securities regulatory authorities in each of the provinces and territories of Canada, other than Québec, to qualify the public distribution of 3,751,500 units of the Company (the “Units”) at an offering price (the “Offering

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PRESS RELEASE

CHESAPEAKE GOLD ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED BOUGHT DEAL PUBLIC OFFERING TO $15 MILLION AND NON-BROKERED PRIVATE PLACEMENT WITH PARTICIPATION BY ERIC SPROTT 

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES  Vancouver, British Columbia – January 12, 2026 – Chesapeake Gold Corp. (TSXV:CKG) (“Chesapeake” or the “Company”) is pleased to announce that due to significant investor demand, the Company and Red Cloud Securities Inc. (“Red Cloud”), as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the “Underwriters”), have agreed to increase its previously announced “bought deal” public offering (the “Underwritten Offering”) from $10,000,002.60 to $15,000,300. Pursuant to the upsized Underwritten Offering, the Underwriters have agreed to purchase for resale 3,571,500 units of the Company (each, a “Unit”) at a price

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PRESS RELEASE

CHESAPEAKE GOLD ANNOUNCES $10.0 MILLION BOUGHT DEAL PUBLIC OFFERING 

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia – January 12, 2026 – Chesapeake Gold Corp. (TSXV:CKG) (“Chesapeake” or the “Company”) is pleased to announce that the Company has entered into an agreement with Red Cloud Securities Inc. (“Red Cloud”), as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase for resale 2,380,953 units of the Company (each, a “Unit”) at a price of $4.20 per Unit (the “Offering Price”) on a “bought deal” basis for gross proceeds of $10,000,002.60 (the “Underwritten Offering”). Each

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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 to Mr. Rajesh Vyas in relation to his appointment as Chief Financial Officer (previously announced by news release dated January 2, 2026) under its Stock Option Plan to purchase an aggregate of 100,000 common shares of the Company at an exercise price of C$4.24 per share for a five-year term expiring January 5, 2031. The options will vest and be exercisable on the basis of 25% annually, commencing January 5, 2027, the first anniversary of the date of the grant.  For Further Information:  For more information on Chesapeake, its Metates and Lucy

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PRESS RELEASE

CHESAPEAKE ANNOUNCES MANAGEMENT UPDATES 

VANCOUVER, B.C. – Chesapeake Gold Corp. (TSXV:CKG, OTCQX:CHPGF) (“Chesapeake” or the “Company”) is pleased to announce that Jean-Paul Tsotsos has been appointed as the Company’s permanent Chief Executive Officer (“CEO”), effective January 1, 2026, following his service as Interim CEO since November 1, 2023.  Chesapeake is also pleased to announce the appointment of Rajesh Vyas as Chief Financial Officer and Corporate Secretary, effective January 1, 2026. Mr. Vyas is a seasoned finance executive with over 25 years of experience in the mining industry, including international leadership roles. Mr. Vyas started his mining career as a Controller at the Suriname operations of Iamgold Corporation and has since held progressively senior roles,

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PRESS RELEASE

CHESAPEAKE CONFIRMS NO MATERIAL CHANGE 

VANCOUVER, B.C. – Chesapeake Gold Corp. (TSXV:CKG, OTCQX:CHPGF) (“Chesapeake” or the “Company”) announces that at the request of CIRO, Chesapeake wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity. For Further Information: For more information on Chesapeake, its Metates and Lucy Projects or proprietary oxidative leach technology, please visit our website at http://www.chesapeakegold.com or contact Jean-Paul Tsotsos at invest@chesapeakegold.com or +1 778 731 1362. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy

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