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To: TheSlowLane who wrote (83735)	5/25/2007 11:49:26 AM
From: Eva	Respond to of 313620

On Stockwatch, came out after market closed yesterday, going to look for it

To: TheSlowLane who wrote (83735)	5/25/2007 11:50:39 AM
From: Eva	Respond to of 313620

Chesapeake Gold Corp (C-CKG) - Property Agreement Pinnacle Mines amends option deal with Chesapeake Gold 2007-05-24 16:20 ET - Property Agreement Shares issued 19,777,795 CKG Close 2007-05-23 C$ 7.10 From Property Agreement (C-PNL) Pinnacle Mines Ltd (2) Further to the bulletin dated May 18, 2007, the TSX Venture Exchange has accepted an amendment to an option and joint venture agreement dated May 9, 2007, between Pinnacle Mines Ltd. and Chesapeake Gold Corp., pursuant to which the company has an option to acquire up to a 70-per-cent interest in La Calavera and Rio Minas mineral properties located in Oaxaca state, Mexico. The amendment relates to the timing of the consideration and the issuance of shares in lieu of up to half of the cash payments. For a 51-per-cent interest, the consideration is outlined in a table. Cash Shares Work expenditures Upon signing $50,000 (U.S.) 100,000 By Sept. 1, 2007 150,000 By Dec. 31, 2007 $50,000 (U.S.) By March 1, 2008 250,000 By March 31, 2008 $500,000 (U.S.) By March 31, 2009 $400,000 (U.S.) (or up to half in shares) $1,250,000 (U.S.) By March 31, 2010 $400,000 (U.S.) (or up to half in shares) $1,250,000 (U.S.) By March 31, 2011 $400,000 (U.S.) (or up to half in shares) $1,500,000 (U.S.) By March 31, 2012 $1,500,000 (U.S.) In order to earn an additional 19-per-cent interest the company must complete a bankable feasibility study by Dec. 1, 2014, pay $3-million (U.S.) in cash (or, up to half in shares) and provide production financing.