Chesapeake Announces Management Updates

Rhea-AI Summary

Chesapeake (OTCQX: CHPGF) announced executive leadership changes effective January 1, 2026.

Jean-Paul Tsotsos was appointed permanent Chief Executive Officer, after serving as Interim CEO since November 1, 2023. Rajesh Vyas was appointed Chief Financial Officer and Corporate Secretary; he has over 25 years of mining finance experience and professional accounting credentials. Navin Sandhu stepped down as Interim Chief Financial Officer and Bernard Poznanski stepped down as Corporate Secretary, both effective December 31, 2025.

Contact information and links for further investor inquiries were provided.

Positive

• Jean-Paul Tsotsos appointed permanent CEO effective January 1, 2026
• Rajesh Vyas appointed CFO and Corporate Secretary effective January 1, 2026
• Rajesh Vyas brings over 25 years of mining finance experience

Negative

• Interim CFO Navin Sandhu stepped down effective December 31, 2025
• Corporate Secretary Bernard Poznanski stepped down effective December 31, 2025

Vancouver, British Columbia--(Newsfile Corp. - January 2, 2026) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce that Jean-Paul Tsotsos has been appointed as the Company's permanent Chief Executive Officer ("CEO"), effective January 1, 2026, following his service as Interim CEO since November 1, 2023.

Chesapeake is also pleased to announce the appointment of Rajesh Vyas as Chief Financial Officer and Corporate Secretary, effective January 1, 2026. Mr. Vyas is a seasoned finance executive with over 25 years of experience in the mining industry, including international leadership roles. Mr. Vyas started his mining career as a Controller at the Suriname operations of Iamgold Corporation and has since held progressively senior roles, including VP, Corporate Controller & Corporate Secretary at Sierra Metals, Director of Finance at Alamos Gold, and Operations Controller at Richmont Mines. Mr. Vyas is a Chartered Accountant and a CPA with a strong track record in governance, investor relations and IT-enabled finance transformation.

The Company further announces that Navin Sandhu stepped down as Interim Chief Financial Officer, effective December 31, 2025. Bernard Poznanski, the Company's corporate lawyer, has also stepped down as Corporate Secretary, effective December 31, 2025. The Company would like to thank both Mr. Sandhu and Mr. Poznanski for their dedication and valuable contributions during their respective tenures.

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 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.

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 Americas¹ 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.

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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/279332

FAQ

Who is the new permanent CEO of Chesapeake (CHPGF) and when did the change take effect?

Jean-Paul Tsotsos was named permanent CEO of Chesapeake (CHPGF), effective January 1, 2026.

Who was appointed Chief Financial Officer of Chesapeake (CHPGF) and what is his background?

Rajesh Vyas was appointed CFO and Corporate Secretary effective January 1, 2026; he has over 25 years of mining finance experience and is a Chartered Accountant and CPA.

Which executives stepped down at Chesapeake (CHPGF) and when did their departures occur?

Interim CFO Navin Sandhu and Corporate Secretary Bernard Poznanski both stepped down, effective December 31, 2025.

Since when had Jean-Paul Tsotsos been serving as Interim CEO before his permanent appointment at Chesapeake (CHPGF)?

Jean-Paul Tsotsos had served as Interim CEO since November 1, 2023 before his permanent appointment.

How can investors contact Chesapeake (CHPGF) for more information after the management update?

Investors can contact Jean-Paul Tsotsos at invest@chesapeakegold.com or +1 778 731 1362, or visit www.chesapeakegold.com.