NEWS

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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Chesapeake Gold Announces Stock Option Grant

Vancouver, British Columbia – (May 31, 2023) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company“) is pleased to announce that today Mr. Jean-Paul Tsotsos stepped into his role as the Company’s Vice President Investor Relations & Corporate Development (previously announced by news release dated April 18, 2023). Chesapeake further announces the grant of stock options under its Stock Option Plan to Mr. Tsotsos to purchase an aggregate of 100,000 common shares of the Company at an exercise price of C$1.70 per share for a five-year term expiring May 29, 2028. The options will vest and be exercisable on the basis of 25% annually, commencing May 29,

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Chesapeake Gold Initiates Legal Proceedings Related to San Vicente 3 Concession

Vancouver, British Columbia – (May 5, 2023) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company“) has initiated legal proceedings against the Dirección General de Minas of Mexico (“DGM“) with the Federal Court of Administrative Justice in the state of Durango, Mexico in response to the DGM’s cancellation of the San Vicente 3 mineral concession. The San Vicente 3 mineral concession is one of 12 mineral concessions comprising the Metates property, representing 700 hectares of the 4,260 hectares in the Metates project, and encompasses a portion of the Metates mineral resource. The Company has recently become aware that the DGM has cancelled the San Vicente 3 mineral

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