NEWS

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

Vancouver, British Columbia — (October 6, 2022) – 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 60,000 common shares (the “Optioned Shares“) of the Company at an exercise price of C$1.92 per share for a 5 year term expiring 28th September, 2027. The stock options were granted to officers of the Company. The options will vest and be exercisable on the basis of 25% annually, commencing 28th September, 2023, the first anniversary of the date of the grant. About Chesapeake Chesapeake Gold Corp. is focused on the discovery, acquisition, and development of major

Vancouver, British Columbia–(May 25, 2022) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) is pleased to announce that at the 2022 Annual General Meeting (“AGM”) held on May 25, 2022 in Vancouver, British Columbia, Chesapeake’s shareholders voted in favour of all items of business. All director nominees were elected. The Company’s Stock Option Plan (the “Option Plan”), as amended and restated to comply with the TSX Venture Exchange’s (the “TSX-V”) new Policy 4.4 – Security Based Compensation, was also approved by a majority of the shareholders. The Option Plan is a “rolling 10%” stock option plan whereby the Company may issue, pursuant to options granted to eligible

Vancouver, British Columbia–(April 27, 2022) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company“) is pleased to announce the results from the last thirteen large diameter (PQ or 85 mm) infill core drill holes completed at its flagship Metates gold-silver project in Durango, Mexico. In total, 18 holes were completed during the 2021-2022 infill drill campaign which totaled approximately 7,485 metres. Alan Pangbourne, President & CEO, commented: “We are very pleased to report the final holes from the drilling campaign, including excellent results such as hole CKG22-094 with 357 metres of 1.43 g/t AuEq. The results support our belief that the intrusive continues to be materially higher