Mr. Jean-Paul Tsotsos reports

CHESAPEAKE GOLD ADDED TO THE NASDAQ METALS FOCUS SILVER MINERS INDEX

Chesapeake Gold Corp. has been added to the Nasdaq Metals Focus Silver Miners Index, effective Jan. 29, 2024.

"We are excited that Chesapeake was chosen to join our first index, the Nasdaq Metals Focus Silver Miners Index, and believe that our selection to this index is further recognition of our progress and achievements," stated Jean-Paul Tsotsos, interim chief executive officer.

The Nasdaq Metals Focus Silver Miners Index is designed to track the performance of companies engaged in the silver mining industry. Companies are selected based on classification by Metals Focus, a leading independent precious metal research consultancy. Eligible companies include those that derive the majority of their revenues from silver mining, have a significant market share of global silver production, or are principally engaged in exploration and development activities related to new silver production.

About Chesapeake Gold Corp.

Chesapeake Gold is focused on the discovery, acquisition and development of major gold-silver deposits in North America and South America. Chesapeake's flagship asset is the Metates project, located in Durango state, Mexico. Metates hosts one of the largest undeveloped gold-silver deposits in the Americas with over 16.77 million ounces of gold at 0.57 gram per tonne and 423.2 million ounces of silver at 14.3 grams per tonne 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 gram per tonne and 59 million ounces of silver at 13.2 grams per tonne within 139.5 million tonnes in the inferred mineral resource category (see the technical report titled "Metates Sulphide Heap Leach Project Phase I" dated Jan. 13, 2023, and news release dated Feb. 23, 2023).