NEWS

Vancouver, British Columbia–(Newsfile Corp. – August 30, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company“) is pleased to announce that it has filed a National Instrument 43-101 (“NI 43-101”) Technical Report titled “Metates Sulphide Heap Leach Project – Phase 1” with an effective date of August 30, 2021 (the “Technical Report”). The Technical Report is available for review on SEDAR (www.sedar.com) and the Company’s website (www.chesapeakegold.com). Project Update The Company has shipped the selected drill core samples from Metates to the lab in Vancouver to begin metallurgical testwork in September. The Company will prioritize the intrusive and intrusive breccia portions of the Metates orebody with results of

VANCOUVER, B.C. – Chesapeake Gold Corp. (“Chesapeake” or the “Company”) (TSXV:CKG, OTCQX:CHPGF) is pleased to report the positive results of the Preliminary Economic Assessment (“PEA“) for the Phase 1 mine plan (“Phase 1”) of the Metates gold-silver project in Durango, Mexico. Phase 1 evaluates the initial development of Metates as a low cost, scalable heap-leach operation. The PEA demonstrates robust project economics with optionality for expansion into a significantly larger operation. The PEA was prepared by M3 Engineering & Technology of Tucson, Arizona (“M3”) with input from other prominent industry consultants.  HIGHLIGHTS OF PHASE 1 PEA:  (All financial figures are in U.S. dollars unless otherwise noted)  • Compelling Project Economics: Pre-tax NPV

Chesapeake Gold Corp. (“Chesapeake” or the “Company”) (TSXV:CKG, OTCQX:CHPGF) is pleased to announce the results from the five large diameter (PQ or 88 mm) core drill holes completed at its flagship Metates project in Durango, Mexico. The drill program was undertaken to provide new core intercepts for a comprehensive metallurgical testwork program and to confirm the higher-grade nature of the Metates intrusive hosted mineralization.  Alan Pangbourne, CEO, states: “The drill results from Metates are higher than expected further supporting our thesis that within the world class deposit, a higher-grade component exists from which we can build a foundation for a new mine plan. We look forward to completing ongoing efforts

Vancouver, British Columbia–(Newsfile Corp. – May 31, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) announces the Board of Directors have granted 73,500 incentive stock options (“Options”) to Erick Underwood at an exercise price of $4.37 per share for a term of 5 years. The Options will vest and be exercisable on the basis of 25% annually, commencing May 31, 2022, the first anniversary of the date of the grant. About Chesapeake Chesapeake Gold Corp. is focused on the discovery, acquisition and development of major gold-silver deposits in North and South America. Chesapeake’s flagship asset is the Metates project (“Metates”) located in Durango State, Mexico.

Vancouver, British Columbia–(Newsfile Corp. – May 27, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) is pleased to announce the appointment of Erick Underwood as Chief Financial Officer (“CFO”) to its senior management team. Mr. Underwood brings over 25 years of international experience in accounting, financial management and corporate development in the mining industry including 14 years while being based in Chile and Peru. Most recently, Erick was the Finance Director at Cia. Minera Zafranal SA owner of the Zafranal copper project (“Zafanal”) in southern Peru (Teck Resources Ltd. and Mitsubishi Materials Corporation joint venture). Previously, he was the Chief Financial Officer of AQM Copper

Vancouver, British Columbia–(Newsfile Corp. – May 25, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company“) is pleased to announce that it has completed the previously announced diamond drilling program on its 100%-owned Metates project in Mexico (NR4-2021). The Company drilled approximately 2,500 metres of large diameter (PQ) core providing 10 tonnes of material (the “Samples”) for metallurgical test work that will focus on the new heap leach processing route. The Samples are being sent to ALS Laboratories in Zacatecas, Mexico for preparation with the pulps to be assayed in Vancouver. The Company will select drill intercepts for the comprehensive metallurgical testwork program. The first phase

Vancouver, British Columbia–(Newsfile Corp. – May 20, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company“) is pleased to announce that at the 2021 Annual General Meeting (“AGM“) held on May 18, 2021 in Vancouver, British Columbia, Chesapeake’s shareholders voted in favour of all items of business. All seven director nominees were elected. A total of 40,289,078 common shares were represented at the AGM, being 59.81% of the Company’s issued and outstanding common shares. The following is a tabulation of the votes submitted by proxy: Director Nominees Votes For % of Votes Randy Buffington 32,947,939 99.15% Christian Falck 32,801,057 98.71% Doug Flegg 32,948,124 99.15% Lian Li