News - Chesapeake Gold Corp.

NEWS

CHESAPEAKE GOLD COMPLETES ACQUISITION OF INTELLECTUAL PROPERTY RIGHTS

Vancouver, British Columbia (June 4, 2024) – Chesapeake Gold Corp. (TSXV:CKG, OTCQX:CHPGF) (“Chesapeake” or the “Company”) is pleased to announce that it and Alderley Gold Corp., the Company’s wholly-owned subsidiary, have completed the acquisition of the patents, patent applications and certain other technology rights and assets for the sulphide leaching technology from Hycroft Mining Holding Corporation and its wholly-owned subsidiaries on the terms as announced in the news release on May 23, 2024 (the “Acquisition”). On closing, Chesapeake paid $2,000,000 in cash and issued 1,026,518 common shares of the Company at a deemed share price of $2.92 per share (the “Consideration Shares”). The Consideration Shares are subject to a hold

June 5, 2024

PRESS RELEASE

Chesapeake Gold Corp. Announces Participation in 121 Mining Investment Conference in New York

Vancouver, British Columbia–(Newsfile Corp. – May 29, 2024) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) is pleased to announce the company is participating in the upcoming 121 Mining Investment Conference in New York City. Jean-Paul Tsotsos, Interim Chief Executive Officer of Chesapeake Gold Corp. will be presenting about the Company’s recent and future planned activities. 121 Mining Investment New York will be hosting over 80 mining companies and more than 250 sophisticated investors for two days of pre-arranged, targeted 1-2-1 meetings. Alongside the curated schedule of pre-booked meetings matching investors with appropriate projects, the conference programme will provide expert commentary and the latest market intelligence on key industry developments. This year’s

May 30, 2024

PRESS RELEASE

CHESAPEAKE GOLD ANNOUNCES AGREEMENT TO ACQUIRE INTELLECTUAL PROPERTY RIGHTS

VANCOUVER, B.C. – Chesapeake Gold Corp. (TSXV:CKG, OTCQX:CHPGF) (“Chesapeake” or the “Company”) is pleased to announce that it and its wholly-owned subsidiary, Alderley Gold Corp. (together “Alderley”) have entered into an agreement with Hycroft Mining Holding Corporation and its wholly owned subsidiaries (collectively “Hycroft”) (the “Purchase Agreement”), to acquire the patents, patent applications, technology and certain other rights (collectively, “Intellectual Property Rights”) to a leaching technology which are currently held under license from Hycroft by Alderley (the “Alderley License”). Pursuant to the Purchase Agreement, Chesapeake has agreed to pay C$2,000,000 in cash and to issue 1,026,518 common shares of the Company for the Intellectual Property Rights. The common shares will

May 24, 2024

PRESS RELEASE

CHESAPEAKE ANNOUNCES PRELIMINARY METALLURGICAL TEST RESULTS DEMONSTRATING UP TO 97% GOLD RECOVERIES AT LUCY PROJECT

VANCOUVER, B.C. – Chesapeake Gold Corp. (TSXV:CKG, OTCQX:CHPGF) (“Chesapeake” or the “Company”) is pleased to announce the initial metallurgical test results with up to 97% gold recoveries in standard bottle roll tests at its Lucy Project (“Lucy”) located in central Sinaloa, Mexico. Composite materials for the bottle roll tests were collected during the Phase 1 drill program at Lucy, consisting of 8 holes along the identified 500 metre (m) gold-bearing skarn corridor. Jean-Paul Tsotsos, Interim CEO, commented, “The Lucy discovery continues to shine as an exciting project in Chesapeake’s portfolio. These preliminary Lucy metallurgical results outline a simple, conventional processing pathway to gold doré. The next phase of exploration and

February 13, 2024

CHESAPEAKE GOLD ADDED TO THE NASDAQ METALS FOCUS SILVER MINERS INDEX

Vancouver, British Columbia (January 31, 2024) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) is pleased to announce that it has been added to the Nasdaq Metals Focus Silver Miners Index effective January 29, 2024. “We are excited that Chesapeake was chosen to join our first index, the Nasdaq Metals Focus Silver Miners Index, and believe that our selection to this index is further recognition of our progress and achievements,” stated Jean-Paul Tsotsos, Interim Chief Executive Officer. The Nasdaq Metals Focus Silver Miners Index is designed to track the performance of companies engaged in the silver mining industry. Companies are selected based on classification by Metals

January 21, 2024

CHESAPEAKE GOLD COMPLETES VERTICAL SHORT-FORM AMALGAMATION WITH WHOLLY-OWNED SUBSIDIARY

Vancouver, British Columbia (January 2, 2024) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) is pleased to announce it has completed a vertical short-form amalgamation (the “Amalgamation”) pursuant to the Business Corporations Act (British Columbia) effective January 1, 2024 with the Company’s wholly-owned subsidiary, American Gold Capital Corporation (“American Gold”). Pursuant to the Amalgamation, the resulting amalgamated company has adopted the name “Chesapeake Gold Corp.”, maintained the same Articles and management as the Company, issued no securities, the CUSIP for the common shares of the Company remains the same and the symbol “CKG” on the TSX Venture Exchange and the symbol “CHPGF” on the OTCQX remain unchanged. Prior

January 2, 2024

CHESAPEAKE GOLD ANNOUNCES STOCK OPTION GRANT

Vancouver, British Columbia (December 5, 2023) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) is pleased to announce the grant of stock options under its Stock Option Plan to Mr. Jean-Paul Tsotsos in relation to his appointment as Interim Chief Executive Officer (previously announced by news release dated October 25, 2023) to purchase an aggregate of 200,000 common shares of the Company at an exercise price of C$2.20 per share for a five-year term expiring December 4, 2028. The options will vest and be exercisable on the basis of 25% annually, commencing December 4, 2024, the first anniversary of the date of the grant. About Chesapeake

December 6, 2023