NEWS

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

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