Chesapeake Confirms No Material Change

Rhea-AI Summary

Chesapeake Gold Corp (OTCQX: CHPGF) announced on December 22, 2025 that, at the request of CIRO, management has confirmed it is unaware of any material change in the company’s operations that would explain recent increased market activity.

The company referenced its Metates and Lucy projects and its proprietary oxidative leach technology, and provided investor contact details for further information.

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 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/278861

FAQ

What did Chesapeake (CHPGF) confirm on December 22, 2025 regarding market activity?

Chesapeake confirmed management is unaware of any material change in operations that would explain the recent rise in market activity.

Why did CIRO request Chesapeake (CHPGF) to confirm a material change on December 22, 2025?

CIRO requested confirmation to clarify unusual market activity; Chesapeake responded that no material change is known to management.

Does the December 22, 2025 Chesapeake (CHPGF) notice include financial results or guidance?

No, the notice does not provide any financial results, guidance, or new operational metrics.

Where can investors find more information about Chesapeake (CHPGF) projects after the December 22, 2025 announcement?

Investors can visit www.chesapeakegold.com or contact the provided investor relations email and phone number for details.

Will the December 22, 2025 Chesapeake (CHPGF) statement affect trading or regulatory filings?

The statement is informational; it simply reports management's lack of awareness of a material change and does not announce filings or trading actions.

Who should investors contact for more information about Chesapeake (CHPGF) after the December 22, 2025 release?

Investors may contact Jean-Paul Tsotsos at invest@chesapeakegold.com or +1 778 731 1362 as listed in the release.