NEWS

Vancouver, British Columbia–(Newsfile Corp. – December 10, 2020) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company“), is pleased to announce that it has entered into a definitive agreement on December 9, 2020 (the “Agreement“) to acquire Alderley Gold Corp. (“Alderley“), a private British Columbia mining technology company. With the acquisition of Alderley, Chesapeake gains access to a proven and innovative precious metals 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 a heap leach

Vancouver, British Columbia–(Newsfile Corp. – August 19, 2020) –  Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company“) is pleased to announce the closing of its previously announced non-brokered private placement of 4,000,000 common shares (“Common Shares“) at a price of $5.00 per Common Share for gross proceeds to the Company of $20,000,000 (the “Private Placement“). Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired 2,500,000 Common Shares under the Private Placement for total consideration of $12,500,000. Prior to the closing of the Private Placement, Mr. Sprott beneficially owned and controlled 6,089,099 Common Shares representing approximately 11.8% of the issued and

Vancouver, British Columbia–(Newsfile Corp. – August 4, 2020) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company“), is pleased to announce that it has arranged a non-brokered private placement of 4,000,000 common shares (“Common Shares“) at a price of $5.00 per share for gross proceeds of $20,000,000 (the “Private Placement“). Of that amount, $15,000,000 is being placed with Eric Sprott’s company, 2176423 Ontario Ltd., a large shareholder of Chesapeake holding 11.8% of the current issued and outstanding Common Shares. The Sun Valley Gold Master Fund, Ltd., an existing shareholder which holds 7.4% of the current issued and outstanding Common Shares, is subscribing for $5,000,000 of the Private

Vancouver, British Columbia–(Newsfile Corp. – May 15, 2020) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) announces that pursuant to its Stock Option Plan, the Board of Directors has granted incentive stock options (“Options”) to Mr. Chris Falck for the purchase of 400,000 common shares at an exercise price of $3.15 per share. Mr. Falck was appointed to the Company’s Board of Directors at the Annual General Meeting held December 18, 2019. 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 May 14, 2021, the first