NEWS

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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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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