Chesapeake Gold Announces Stock Option Grant

Rhea-AI Summary

Chesapeake Gold (TSXV: CKG / OTCQX: CHPGF) announced a grant of stock options on December 19, 2025.

The company granted an aggregate of 69,000 stock options to officers at an exercise price of C$2.84 per share. Each option has a five-year term expiring December 19, 2030. The options vest immediately and are exercisable on grant under the company’s Stock Option Plan.

AI-generated analysis. Not financial advice.

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Vancouver, British Columbia--(Newsfile Corp. - December 19, 2025) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") announces the grant of stock options under its Stock Option Plan to purchase an aggregate of 69,000 common shares of the Company at an exercise price of C$2.84 per share for a five-year term expiring December 19, 2030. The stock options were granted to officers of the Company. The options will vest and be exercisable immediately.

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.

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.

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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/278747

FAQ

What did Chesapeake Gold (CHPGF) announce on December 19, 2025?

Chesapeake Gold announced a grant of 69,000 stock options to officers at C$2.84 per share, expiring December 19, 2030.

How many shares can be purchased under the Chesapeake Gold option grant (CHPGF)?

The grant covers an aggregate of 69,000 common shares purchasable under the Stock Option Plan.

What is the exercise price and term for Chesapeake Gold's December 19, 2025 option grant (CHPGF)?

The exercise price is C$2.84 per share and each option has a five-year term expiring December 19, 2030.

Who received the stock options in Chesapeake Gold's December 19, 2025 grant (CHPGF)?

The options were granted to officers of the company and they vested immediately and are exercisable on grant.

Will Chesapeake Gold's December 19, 2025 option grant (CHPGF) dilute existing shareholders immediately?

The announcement states the company granted options to purchase 69,000 shares; it does not state any immediate issuance of shares or quantify dilution.