NEWS

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

Vancouver, British Columbia (February 15, 2022) – Chesapeake Gold Corp. (“Chesapeake” or the “Company”) (TSXV:CKG, OTCQX:CHPGF) is pleased to announce the results from the first five large diameter (PQ or 88 mm) infill core drill holes completed during the current drill program at its flagship Metates gold-silver project in Durango, Mexico. The 2021-2022 drill program is slated to include 16 holes totaling approximately 6,700 meters.  Highlights from the recent holes are provided below: The infill drill holes generally target the intrusive hosted mineralization and are spaced at approximately 50-meter intervals along the strike of the Metates intrusive and enclosing sedimentary rocks.  Most drillholes included in the infill program will have an

VANCOUVER, B.C. – Chesapeake Gold Corp. (“Chesapeake” or the “Company”) (TSXV:CKG, OTCQX:CHPGF) is pleased to provide a corporate update on its world class, Metates gold-silver project located in Durango State, Mexico, together with planned technical work and objectives in 2022. Alan Pangbourne, CEO, commented “2021 was a transformational year for Chesapeake with new management members and technical team focused on testing a sulfide heap leach technology that could significantly improve Metates’ project economics as a low cost, scalable mine. The positive results of the PEA demonstrated an alternative mine plan with an ~90% decrease in development capital compared to an autoclave process flowsheet. In 2022, we plan to advance the

Vancouver, British Columbia–(Newsfile Corp. – October 19, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company“) wishes to report that a 16 hole infill drill program will commence in November on its world class, Metates gold-silver project located in Durango State, Mexico. The five-hole PQ diameter core drill program completed in June (NR11-2021) for metallurgical test work returned on average, a 19% increase in grade over the block model predicted grades in the intrusive and intrusive breccia ore types. The infill program will drill both up and down dip as well as along strike in a 5-spot pattern between the existing holes. The 16 holes totaling

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