
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