News & Press Releases | Chesapeake Gold Corp.

PRESS RELEASE

CHESAPEAKE GOLD EXTENDS COMMUNITY EXPLORATION AGREEMENT AT METATES

Vancouver, British Columbia – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) is pleased to announce the second extension of its exploration agreement for the Metates property, with the local Community of San Juan de Camarones (“Community”), located in the Municipality of Santiago Papasquiaro, Durango, Mexico. The extension adds an additional five years to the original agreement signed in May 2018, now until October 2030. Jean-Paul Tsotsos, Interim Chief Executive Officer, stated, “For over 19 years, we have been committed to maintaining an excellent working relationship with the Community and other stakeholders. The Community’s support and collaboration have been integral in providing a development plan for Metates

October 27, 2025

PRESS RELEASE

CHESAPEAKE GOLD ANNOUNCES SALE OF TATATILA PROJECT

Vancouver, British Columbia – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) announces that it has entered into a definitive agreement to sell its Tatatila gold-copper project (“Tatatila”) located in Veracruz State, Mexico to Mexican Gold Mining Corp. (TSXV: MEX) (OTCQB: MEXGF) (“Mexican Gold”) in exchange for such number of common shares of Mexican Gold representing 14.99% of the outstanding common shares of Mexican Gold at closing (the “Consideration Shares”) and a 1.5% net smelter returns royalty (the “Royalty”). Mexican Gold may repurchase 0.5% of the Royalty (reducing the Royalty to 1.0%) for US$500,000 within ten (10) years from the date of execution of the agreement. The

October 1, 2025

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

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