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Chesapeake Gold Corp.: Chesapeake Gold Announces Acquisition of Alderley Gold Corp. Creating a Platform for Future Growth and Mining Innovation; Alan Pangbourne to Be Appointed Chief Executive Officer Chesapeake or the Company ), is pleased to announce that it has entered into a definitive agreement on December 9, 2020 (the Agreement ) to acquire Alderley Gold Corp. ( Alderley ), a private British Columbia mining technology company. With the acquisition of Alderley, Chesapeake gains access to a proven and innovative precious metals processing technology (the Technology ) together with certain asset rights and proprietary databases, creating the path towards a new growth oriented and innovative gold and silver producer. Chesapeake will now focus on progressing the Metates project towards production using the Technology in a heap leach operation.

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