Chesapeake Gold Announces Stock Option Grant

Vancouver, British Columbia--(Newsfile Corp. - May 7, 2026) - 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 2,200,000 common shares of the Company at an exercise price of C$3.40 per share for a five-year term expiring May 7, 2031. The stock options were granted to directors and a consultant of the Company.