Chesapeake Gold Announces Stock Option Grant

Rhea-AI Summary

Chesapeake Gold (OTCQX: CHPGF; TSXV: CKG) granted 100,000 stock options to Rajesh Vyas in connection with his appointment as Chief Financial Officer announced January 2, 2026. The options have an exercise price of C$4.24 and a five-year term expiring January 5, 2031.

Vesting is on a 25% annual schedule starting January 5, 2027, the first anniversary of the grant. Contact details for investor inquiries and project information are provided on the company website.

Vancouver, British Columbia--(Newsfile Corp. - January 5, 2026) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") announces the grant of stock options to Mr. Rajesh Vyas in relation to his appointment as Chief Financial Officer (previously announced by news release dated January 2, 2026) under its Stock Option Plan to purchase an aggregate of 100,000 common shares of the Company at an exercise price of C$4.24 per share for a five-year term expiring January 5, 2031. The options will vest and be exercisable on the basis of 25% annually, commencing January 5, 2027, the first anniversary of the date of the grant.

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/279437

FAQ

What stock option did Chesapeake Gold (CHPGF) grant on January 5, 2026?

Chesapeake granted 100,000 options to Rajesh Vyas exercisable at C$4.24 per share with a five-year term expiring January 5, 2031.

How do the Chesapeake Gold (CHPGF) options vest for the new CFO?

The options vest 25% annually, commencing on January 5, 2027 (first anniversary of the grant).

When does the Chesapeake Gold (CHPGF) option expire?

The options expire on January 5, 2031, five years after the grant date.

What is the exercise price of the Chesapeake Gold (CHPGF) CFO option grant?

The exercise price is C$4.24 per share.

Why was Rajesh Vyas granted Chesapeake Gold (CHPGF) stock options?

The grant was made in relation to his appointment as Chief Financial Officer, announced January 2, 2026.