Chesapeake Announces Membership in the Mining Association of Canada; Management Update

Rhea-AI Summary

Chesapeake Gold (OTCQX: CHPGF, TSXV: CKG) joined The Mining Association of Canada (MAC) on April 29, 2026, committing to participate in MAC initiatives including the Towards Sustainable Mining (TSM) program to support environmental stewardship and industry collaboration.

Management update: Jean-Paul Tsotsos was appointed CEO and stepped down as Vice President, Investor Relations & Corporate Development effective April 28, 2026. Contact and project information available on the company website.

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Vancouver, British Columbia--(Newsfile Corp. - April 29, 2026) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce that it has become a member of The Mining Association of Canada ("MAC").

MAC represents companies involved in mineral exploration, mining, smelting, refining, and semi-fabrication. Through advocacy, research, and collaboration, MAC works to ensure the Canadian mining industry remains globally competitive and socially responsible.

Membership in MAC underscores Chesapeake's commitment to responsible mineral exploration, sustainability, and industry collaboration. As a member, the Company will participate in MAC's initiatives, including the Towards Sustainable Mining ("TSM") program, which promotes environmental stewardship, social responsibility, and transparency across the mining sector.

"We look forward to engaging with MAC and aligning ourselves with industry leaders committed to environmental stewardship and responsible resource development," said Jean-Paul Tsotsos, Chief Executive Officer of Chesapeake. "Collaborative mining knowledge shared with global experience is fundamental in developing our projects to the best industry practices."

Management Update

The Company further announces that due to his recent appointment as Chief Executive Officer of Chesapeake, Jean-Paul Tsotsos has stepped down as Vice President, Investor Relations & Corporate Development, effective April 28, 2026.

For Further Information:

For more information on Chesapeake, its Metates and Lucy Projects or proprietary heap oxidation 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/294814

FAQ

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What does Chesapeake joining the Mining Association of Canada mean for CHPGF shareholders?

It signals formal engagement with industry best practices and sustainability programs. According to the company, membership includes participation in MAC initiatives such as TSM, which may support responsible project development and external credibility for Metates and Lucy projects.

Will Chesapeake (CHPGF) follow the Towards Sustainable Mining program after joining MAC?

Yes, Chesapeake intends to participate in TSM as a MAC member. According to the company, participation focuses on environmental stewardship, social responsibility, and transparency across its operations and exploration activities.

Who is the new CEO of Chesapeake and what management change was announced for CHPGF?

Jean-Paul Tsotsos was appointed Chief Executive Officer of Chesapeake. According to the company, he stepped down as Vice President, Investor Relations & Corporate Development effective April 28, 2026, upon his CEO appointment.

How can investors contact Chesapeake about Metates, Lucy projects or corporate updates for CHPGF?

Investors can reach the company via the corporate website or the provided investor contact email and phone. According to the company, contact details include invest@chesapeakegold.com and +1 778 731 1362 for project or investor inquiries.

Does Chesapeake joining MAC imply immediate operational or financial changes for CHPGF?

No immediate financial figures or operations changes were announced alongside membership. According to the company, the announcement highlights collaborative and sustainability commitments rather than specific capital or operational actions.