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Chesapeake Confirms No Material Change

Regulatory & Compliance

Chesapeake Confirms No Material Change

Vancouver, British Columbia--(Newsfile Corp. - December 22, 2025) - Chesapeake Gold Corp. (TSXV:

CKG) (OTCQX: CHPGF) ("

Chesapeake

" or the "

Company

") announces that at the request of CIRO,

Chesapeake wishes to confirm that the Company's management is unaware of any material change in

the Company's operations that would account for the recent increase in market activity.

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

[email protected]

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 Americas

1

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.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/278861