NEWS

Vancouver, British Columbia–(Newsfile Corp. – March 23, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) announces that Derek Green is stepping down as a Director of the Company for personal reasons effective immediately. The Company thanks Mr. Green for his contribution and wishes him well in his future endeavours. About Chesapeake Chesapeake Gold Corp. is focused on the discovery, acquisition and development of major gold-silver deposits in North and South America. Chesapeake’s flagship asset is the Metates project (“Metates”) located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver-zinc deposits in the Americas. Chesapeake also has developed an organic pipeline of satellite

Vancouver, British Columbia–(Newsfile Corp. – March 22, 2021) – Gunpoint Exploration Ltd. (TSXV: GUN) (“Gunpoint” or the “Company”) is pleased to announce that the TSX Venture Exchange has approved the sale of the La Gitana and Pena Blanca properties (“Properties”) in Oaxaca State, Mexico to Inomin Mines Inc. (TSXV: MINE) (“Inomin”). Inomin is acquiring a 100% interest in the Properties from Gunpoint for consideration of a $25,000 cash payment and issuing 1.0 million common shares of Inomin to the Company. Gunpoint will retain a 1% NSR on the Pena Blanca property. Inomin has an option to purchase 0.5% of the NSR at any time for $1 million. Randy Reifel, President

Vancouver, British Columbia–(Newsfile Corp. – March 16, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company“), is pleased to announce that it has received the final permits from the local authorities to commence a bulk drilling program at the Metates gold-silver project located in Durango State, Mexico. Chesapeake plans to drill approximately 2,500 meters to recover 10 tonnes of large diameter core (PQ) to undertake metallurgical testwork in support of a potential sulphide heap leach mine operation. Major Drilling has commenced mobilizing to site this week. Alan Pangbourne, CEO of Chesapeake commented: “We are pleased to get the drill program underway and look forward to conducting

Vancouver, British Columbia–(Newsfile Corp. – February 24, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company“) announces that the Board of Directors have approved a 2021 work program for the Metates project in Durango, Mexico. The Company is also pleased to welcome Carl Edmunds as Special Advisor – Geology and Exploration, effective immediately to assist with key elements of the 2021 work program. 2021 Work Program Includes: Bulk Drilling Program: Chesapeake plans to drill approximately 2,500m to recover 10 tonnes of large diameter core (PQ) for metallurgical testwork that will focus on the new heap leach option. The permit application has been submitted to the local

Vancouver, British Columbia–(Newsfile Corp. – February 16, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company“) is pleased to announce that in response to market interest, the new management team will attend the following investor conferences in March 2021 and looks forward to connecting with both existing and future shareholders. Upcoming Conference Attendance: BMO Capital Markets 30th Global Metals & Mining Conference. Alan Pangbourne, CEO, will be presenting on Thursday, March 4, 2021 at 11:00 a.m. ET. Members of the Chesapeake management team will be available for meetings throughout the week from March 1 – 5th. Prospectors & Developers Association of Canada (PDAC) 2021 Convention. Members of

Vancouver, British Columbia–(Newsfile Corp. – January 20, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company“) is pleased to announce that it has completed the acquisition of Alderley Gold Corp. (“Alderley“), a private British Columbia mining technology company on the terms as previously announced by news release on December 10, 2020. With the acquisition of Alderley, Chesapeake gains access to an innovative precious metals oxidation processing technology (the “Technology“) together with certain asset rights and proprietary databases, creating the path towards a new growth oriented and innovative gold and silver producer. Chesapeake will now focus on progressing the Metates project towards production using the Technology in

TORONTO, Dec. 11, 2020 (GLOBE NEWSWIRE) — Alderley Edge Investments Ltd. (“Alderley Edge”), a private investment company, announces that it, together with certain other vendors (collectively, the “Vendors”), has entered into a share purchase agreement dated as of December 9, 2020 (the “Share Purchase Agreement”) with Chesapeake Gold Corp. (“Chesapeake”) for the purchase by Chesapeake from the Vendors of all of the issued and outstanding shares of Alderley Gold Corp., a private company whose assets include certain sulphide leaching technology held under license. Upon the completion of the purchase and sale of the Alderley Gold Corp. shares, Chesapeake will issue from treasury an aggregate of 10,000,000 common shares to the