| A blast from the past that has become reinvigorated with the POG 
 Chesapeake Gold Extends Community Exploration Agreement at Metates
 Vancouver, British Columbia--(Newsfile Corp. - October 27, 2025) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company")  is pleased to announce the second extension of its exploration  agreement for the Metates property, with the local Community of San Juan  de Camarones ("Community"), located in the Municipality of  Santiago Papasquiaro, Durango, Mexico.  The extension adds an additional  five years to the original agreement signed in May 2018, now until  October 2030.
 
 Jean-Paul Tsotsos, Interim Chief Executive Officer,  stated, "For over 19 years, we have been committed to maintaining an  excellent working relationship with the Community and other  stakeholders.  The Community's support and collaboration have been  integral in providing a development plan for Metates and responsible  social benefits for the region.  This extension agreement marks another  important milestone as we work towards a prefeasibility study ("PFS") in 2026 and the further development of Metates."
 
 As  a brief Metates update, the proprietary sulphide leach testwork remains  on schedule and is progressing well alongside environmental and related  baseline studies in support of the upcoming PFS.
 
 For Further Information:
 
 For  more information on Chesapeake's Metates and Lucy Projects and the  proprietary sulphide 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.
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