Chesapeake Gold Corp. announced the appointment of Mr. Jean-Paul Tsotsos as Interim Chief Executive Officer, replacing Alan Pangbourne effective November 1, 2023. Mr. Tsotsos is currently Vice-President, Corporate Development and Investor Relations and will continue to also hold that role.

Mr. Tsotsos has over 15 years of experience in mining corporate development, strategy, capital markets, project evaluations and project development. Mr. Tsotsos was previously a member of the Corporate Development team at Hudbay Minerals. Prior to Hudbay Minerals, Mr. Tsotsos worked at BMO Capital Markets in the Metals and Mining Equity Research Group.

Mr. Tsotsos holds an MBA specializing in Natural Resources, Energy, and Environment from the University of Alberta and a Masters of Science and an Honours Bachelor of Science from the University of Toronto. Mr. Pangbourne will continue to serve as a director on the Company's Board of Directors and also provide corporate advisory and technical consultant services to the Company.