| Chesapeake Gold Announces Addition of Paul West-Sells and Jeff Stieber to the Board of Directors 
 Jhttps://www.newsfilecorp.com/release/256438
 
 une 23, 2025 6:00 AM EDT | Source:  Chesapeake Gold Corp.
 
 Vancouver, British Columbia--(Newsfile Corp. - June 23, 2025) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce the recent election of Mr. Paul West-Sells to the Board of Directors of the Company (the "Board of Directors") at the Company's annual general meeting of shareholders held on June 18, 2025 (the "Meeting"), together with the returning incumbent directors P. Randy Reifel, Randy Buffington, Doug Flegg, Lian Li, and John Perston.
 
 Mr.  West-Sells has more than 25 years of experience in the mining industry  and held executive management and senior metallurgist roles for numerous  public companies.  Mr. West-Sells served as Chief Executive Officer and  Chief Operating Officer of Western Copper and Gold Corporation.  Prior  thereto, Mr. West-Sells was a Senior Metallurgist at Barrick, Placer  Dome and BHP Minerals.  Mr. West-Sells holds a Ph.D. in Metals and  Materials Engineering from the University of British Columbia and  continues to lecture at the University of British Columbia as an Adjunct  Professor in Materials Engineering.
 
 The Company is also pleased  to announce the appointment of Mr. Jeff Stieber to the Board of  Directors, effective June 20, 2025.  Mr. Stieber brings 19 years of  finance, accounting, strategy, and transaction experience to the  Company, having served as a senior executive officer with Hycroft  Mining, Klondex Mines, Tahoe Resources, White Pine Precious Metals, and  Bendito Resources.  He has experience across all stages of the mining  project lifecycle, from guiding exploration-stage projects to advancing  development assets into production and cash flow generation.  Mr.  Stieber is a Certified Public Accountant in the State of Nevada and a  Certified Financial Modeling & Valuation Analyst.
 
 Concurrently,  the Company also advises that long-time director Chris Falck has  decided to retire to pursue other opportunities and be closer to family.  Mr. Falck will continue to serve as an advisor, where his vast  knowledge will be leveraged.
 
 P. Randy Reifel, Executive Chairman,  commented, "On behalf of the Board, I am excited to welcome both Paul  and Jeff to Chesapeake's team.  Paul and Jeff bring a diversified wealth  of experience and I look forward to their contributions in achieving  our corporate objectives and milestones.  I also sincerely thank Chris  Falck for his years of dedication and commitment to the Company.  Chris  provided valuable insight and vital contributions as Lead Director and  as a member of Board Committees during his tenure."
 
 For Further Information:
 
 For  more information on Chesapeake, its Metates and Lucy Projects or  proprietary oxidative leach technology, please visit our website at  www.chesapeakegold.com or contact Jean-Paul Tsotsos at  invest@chesapeakegold.com or +1 778 731 1362.
 
 Neither  TSX Venture Exchange nor its Regulation Services Provider (as that term  is defined in policies of the TSX Venture Exchange) accepts  responsibility for the adequacy or accuracy of this news release.
 
 About Chesapeake
 
 Chesapeake Gold Corp's flagship asset is the Metates Project ("Metates") located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver deposits in the Americas1 with  over 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 and a further  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. See the technical report titled "Metates Sulphide  Heap Leach Project Phase I" dated January 13, 2023, and news release  dated February 22, 2023.
 
 1 Mexico's biggest undeveloped gold deposits. Bnamericas. Published Tuesday, November 24, 2020.
 
 
  SOURCE:  Chesapeake Gold Corp. |