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Chesapeake Gold Announces Results from the Annual General Meeting

Shareholder Meetings

Chesapeake Gold Announces Results from the

Annual General Meeting

Vancouver, British Columbia--(Newsfile Corp. - May 20, 2021) - Chesapeake Gold Corp. (TSXV: CKG)

(OTCQX: CHPGF) ("

Chesapeake

" or the "

Company

") is pleased to announce that at the 2021 Annual

General Meeting ("

AGM

") held on May 18, 2021 in Vancouver, British Columbia, Chesapeake's

shareholders voted in favour of all items of business. All seven director nominees were elected.

A total of 40,289,078 common shares were represented at the AGM, being 59.81% of the Company's

issued and outstanding common shares. The following is a tabulation of the votes submitted by proxy:

Director Nominees

Votes For

% of Votes

Randy Buffington

32,947,939

99.15%

Christian Falck

32,801,057

98.71%

Doug Flegg

32,948,124

99.15%

Lian Li

33,105,752

99.63%

Alan Pangbourne

33,169,164

99.82%

John Perston

33,074,657

99.53%

P. Randy Reifel

31,989,650

96.27%

To re-appoint Saturna Group Chartered

Professional Accounts LLP as auditor of

the Company.

39,918,151

99.75%

To adopt the Company's proposed

"rolling 10%" stock option plan.

32,540,269

97.92%

A recording of the AGM webcast is available on Chesapeake's website at

https://www.chesapeakegold.com/annual/

.

Following the AGM, Chesapeake re-appointed Randy Reifel as Chairman of the Board, Christian Falck

as Audit Committee Chair and Lead Independent Director, and Lian Li as Compensation and

Governance Committee Chair.

About Chesapeake

Chesapeake Gold Corp. is focused on the discovery, acquisition and development of major gold-silver

deposits in North and South America. Chesapeake's flagship asset is the Metates project ("

Metates

")

located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver-zinc

deposits in the Americas with over 18 million ounces of gold and over 500 million ounces of silver.

Chesapeake also has developed an organic pipeline of satellite exploration properties strategically

located near Metates. In addition, the Company owns 74% of Gunpoint Exploration Ltd. ("

Gunpoint

")

which owns the Talapoosa Gold Project in Nevada.

For Further Information:

For more information on Chesapeake and its Metates Project, please visit our website at

www.chesapeakegold.com

or contact Randy Reifel or Alan Pangbourne at

[email protected]

.

Neither the 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.

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

https://www.newsfilecorp.com/release/84735