NEWS

Vancouver, British Columbia – (April 28, 2023) Chesapeake Gold Corp. (“Chesapeake” or the “Company”) (TSXV:CKG, OTCQX:CHPGF) is pleased to announce the appointment of Mr. Navin Sandhu as Interim Chief Financial Officer effective May 1st, 2023. The Board of Directors has granted 20,000 incentive stock options (“Options”) to Mr. Sandhu at an exercise price of $2.70 per share. The Options are exercisable for a term of five years and will vest as to 25% annually on each anniversary of the date of the grant. Mr. Sandhu, CPA, has 5 years of accounting, auditing and advisory experience through servicing a wide variety of clients. Mr. Sandhu is President and founder of Nava

Vancouver, British Columbia – ( April 18, 2023) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) is pleased to announce the appointment of Mr. Jean-Paul Tsotsos as the Company’s Vice President of Corporate Development and Investor Relations, effective May 29, 2023. Mr. Tsotsos has over 15 years of experience in corporate development, strategy, capital markets, project evaluation’s and development. Until recently, Mr. Tsotsos was the Manager of Corporate Development at Hudbay Minerals, a C$2 billion diversified copper and gold mining company that spans North and South America. Mr. Tsotsos was intimately involved in the development of the Snow Lake gold strategy in Manitoba, the repurchase of

VANCOUVER, B.C. – Chesapeake Gold Corp. (“Chesapeake” or the “Company”) (TSXV:CKG, OTCQX:CHPGF) is pleased to provide an updated Mineral Resource Estimate (“MRE”) for its world class, Metates gold-silver project located in Durango State, Mexico. The updated MRE is described in Table 1 below and includes: 16.77 million ounces of gold at 0.57 grams per tonne (“g/t”) and 423.2 million ounces of silver at 14.3 g/t within 921.2 million tonnes in the Measured and Indicated Mineral Resource category. 2.13 million ounces of gold at 0.47 g/t and 59.0 million ounces of silver at 13.2 g/t within 139.5 million tonnes in the Inferred Mineral Resource category. Analytical results from 23 recently drilled

Vancouver, British Columbia – (February 13, 2023) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company“) announces the grant of stock options under its Stock Option Plan to purchase an aggregate of 200,000 common shares (the “Optioned Shares“) of the Company at an exercise price of C$2.15 per share for a five-year term expiring February 7, 2028. The stock options were granted to directors of the Company. The options will vest and be exercisable on the basis of 25% annually, commencing February 7, 2024, the first anniversary of the date of the grant. About Chesapeake Chesapeake Gold Corp. is focused on the discovery, acquisition, and development of

Vancouver, British Columbia–(September 13, 2022) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company“) is pleased to provide a metallurgical update for its world class, Metates gold-silver project located in Durango State, Mexico. Metallurgical Testwork Program – Initial Column The sulphide heap leaching metallurgical test program commenced in May 2021 with a sample that had already been crushed to ½” and stored in Denver for several years. The sample was placed in a transparent column for the oxidation phase. The column was run for 128 days and achieved an oxidation of approximately 30%. After the oxidation phase, the column was rinsed and then leached with a standard