NEWS

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

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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

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Chesapeake Announces Appointment of Interim Chief Executive Officer

Vancouver, British Columbia (October 25, 2023) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) is pleased to announce the appointment of Mr. Jean-Paul Tsotsos as Interim Chief Executive Officer, replacing Alan Pangbourne effective November 1, 2023. Mr. Tsotsos is currently Vice-President, Corporate Development and Investor Relations and will continue to also hold that role. Mr. Tsotsos has over 15 years of experience in mining corporate development, strategy, capital markets, project evaluations and project development. Mr. Tsotsos was previously a member of the Corporate Development team at Hudbay Minerals. Prior to Hudbay Minerals, Mr. Tsotsos worked at BMO Capital Markets in the Metals and Mining Equity Research

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Chesapeake Reports A New Gold Discovery At Lucy Project Drilling Returned 6.1 g/t Gold Over 24 Metres From Surface

VANCOUVER, B.C. – Chesapeake Gold Corp. (TSXV:CKG, OTCQX:CHPGF) (“Chesapeake” or the “Company”) is pleased to announce a significant gold discovery at its Lucy Project (“Lucy”) located in central Sinaloa, Mexico.  In total, 14 holes were completed in the 2023 campaign, with approximately 1,710 metres drilled.  Lucy is one of several regional exploration properties within Chesapeake’s Mexican portfolio.  Alan Pangbourne, CEO, commented, “While Chesapeake’s primary focus has been advancing the metallurgical work and the oxidative leach technology at Metates, we have continued systematic exploration on our highly prospective regional projects. We are very excited about the first phase of drill results at Lucy.  The drill results suggest a mineralized skarn that

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Chesapeake Gold to Present at the Metals and Mining Virtual Investor Conference October 4th

Company invites individual and institutional investors, as well as advisors and analysts, to attend in person or online at VirtualInvestorConferences.com VANCOUVER, British Columbia, Sept. 29, 2023 — Chesapeake Gold Corp. (TSXV:CKG, OTCQX:CHPGF), a company focused on advancing a wholly owned Metates project in Durango, Mexico and an in-house proprietary oxidative leach technology, today announced that Alan Pangbourne, President & Chief Executive Officer, will present live at the Metals and Mining Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on October 4th, 2023. DATE: October 4th, 2023TIME: 2:30 PM ESTLINK: https://bit.ly/44FOnTdAvailable for 1×1 meetings: Wednesday, October 4th through to Friday, October 6th This will be a live, interactive online event where investors are invited to ask the company questions

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Chesapeake Announces Management Update

VANCOUVER, B.C. – Chesapeake Gold Corp. (“Chesapeake” or the “Company”) (TSXV:CKG, OTCQX:CHPGF) today is announcing that the Company’s President and Chief Executive Officer, Alan Pangbourne will be stepping down from his role at the Company effective 1st November 2023 for personal reasons. Mr. Pangbourne will continue to support Chesapeake as President and CEO in the coming months to ensure a smooth transition.  The Company will commence an executive search and announce the CEO replacement in due course. “On behalf of the Board, I would like to thank Alan for his significant contributions and commitment to the Company over the past 2 and half years” stated P. Randy Reifel, Chesapeake’s Executive Chairman.

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