News

PRESS RELEASE

CHESAPEAKE GOLD PROVIDES AN UPDATE ON ITS CORPORATE DEVELOPMENTS

Vancouver, British Columbia – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) is pleased to provide a corporate update on the advancement of its proprietary sulphide leach technology (“Technology”) and its regional exploration activities at Lucy. Jean-Paul Tsotsos, Interim Chief Executive Officer, commented, “The third phase of Metates’ metallurgical work is progressing well, as we work towards a prefeasibility study (“PFS”) in 2026. Observations from the columns indicate that the oxidation process is meeting expectations. In addition, we are encouraged by the industry’s interest in our Technology and the commencement of third-party test work on three prospective opportunities. This testwork represents the first steps in our strategy

September 9, 2025

PRESS RELEASE

CHESAPEAKE GOLD ADOPTS FIXED STOCK OPTION PLAN

Vancouver, British Columbia (August 6, 2025) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) announces that it has adopted a “fixed up to 10%” stock option plan (the “Fixed Plan”) to replace its prior “rolling up to 10%” stock option plan (the “Prior Plan”). All outstanding options granted under the Prior Plan will continue to remain issued and governed under the terms of the Fixed Plan. Under the terms of the Fixed Plan, the Company may issue up to 7,209,338 common shares of the Company pursuant to the exercise of outstanding options granted to eligible persons under the Fixed Plan (including options granted under the Prior

August 6, 2025

PRESS RELEASE

CHESAPEAKE GOLD ANNOUNCES ADDITION OF PAUL WEST-SELLS AND JEFF STIEBER TO THE BOARD OF DIRECTORS

Vancouver, British Columbia – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) is pleased to announce the recent election of Mr. Paul West-Sells to the Board of Directors of the Company (the “Board of Directors”) at the Company’s annual general meeting of shareholders held on June 18, 2025 (the “Meeting”), together with the returning incumbent directors P. Randy Reifel, Randy Buffington, Doug Flegg, Lian Li, and John Perston. Mr. West-Sells has more than 25 years of experience in the mining industry and held executive management and senior metallurgist roles for numerous public companies. Mr. West-Sells served as Chief Executive Officer and Chief Operating Officer of Western Copper

June 23, 2025

PRESS RELEASE

CHESAPEAKE GOLD CLOSES $4.4 MILLION PRIVATE PLACEMENT WITH ERIC SPROTT

Vancouver, British Columbia (June 13, 2025) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) is pleased to announce the completion of its non-brokered private placement (the “Private Placement”) with 2176423 Ontario Ltd., a corporation beneficially owned by Eric Sprott, as the sole investor, as previously announced on June 9, 2025. The Private Placement consisted of a total of 3,700,000 units (the “Units”) at a price of $1.20 per Unit for gross proceeds of $4,440,000. Each Unit consists of one common share (a “Share”) of the Company and one-half common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant is exercisable for one Share of the

June 13, 2025

PRESS RELEASE

CHESAPEAKE GOLD ANNOUNCES $4.4 MILLION NON-BROKERED PRIVATE PLACEMENT WITH ERIC SPROTT

Vancouver, British Columbia (June 9, 2025) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) is pleased to announce a non-brokered private placement of 3,700,000 units (“Units”) at a price of $1.20 per Unit for gross proceeds of $4,440,000 (the “Private Placement”). Each Unit will consist of one common share of the Company and one-half common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will be exercisable for one common share of the Company at a price of $1.65 for a period of three years from the date of issuance. 2176423 Ontario Ltd., a Corporation beneficially owned by Eric Sprott, is the sole subscriber in

June 9, 2025

PRESS RELEASE

CHESAPEAKE GOLD ANNOUNCES RESIGNATION OF BOARD MEMBER

Vancouver, British Columbia (May 5, 2025) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) announces that Alan Pangbourne has stepped down as a director of Chesapeake, effective immediately, to pursue other opportunities. We wish to thank Mr. Pangbourne for his services and wish him the best in his future endeavours. For Further Information: For more information on Chesapeake, its Metates and Lucy Projects or proprietary oxidative leach technology, please visit our website at http://www.chesapeakegold.com or contact Jean-Paul Tsotsos at invest@chesapeakegold.com or +1 778 731 1362. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange)

May 5, 2025

PRESS RELEASE

CHESAPEAKE GOLD ANNOUNCES APPOINTMENT OF CHIEF METALLURGICAL OFFICER

Vancouver, British Columbia (February 26, 2025) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) is pleased to announce the appointment of Mr. Justin Black as Chief Metallurgical Officer effective February 26, 2025. Mr. Black is a chemical engineer with over 14 years experience in designing, implementing and optimizing process systems for diverse mining applications, including crushing, milling, flotation and refining. He has a strong background in managing large-scale projects, from conceptualization to completion, ensuring timely delivery and operational excellence. Mr. Black was most recently a process manager at Golden Vertex Corporation, where he oversaw all operations, including crusher, leach pad, Merrill-Crowe and refinery, and metallurgical testing

February 26, 2025