Chesapeake Gold Corp. Corporate Presentation February 2026

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# Chesapeake Gold Corp. Corporate Presentation February 2026

Source: https://chesapeakegold.com/wp-content/uploads/2026/02/CKG-Corporate-Presentation-February-2026-vF.pdf
Published: 2026-02-01T00:00:00+00:00
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# Chesapeake Gold Corp. Corporate Presentation February 2026
Source: https://chesapeakegold.com/wp-content/uploads/2026/02/CKG-Corporate-Presentation-February-2026-vF.pdf
Published: 2026-02-01
CORPORATE PRESENTATION
FEBRUARY 2026
CKG: TSX.V
CHPGF: OTCQX
Cautionary Notes
Cautionary Note Regarding Forward-Looking Statements
This presentation contains
forward-looking statements
within the meaning of Canadian securities legislation. Such forward-looking statements include, without
limitation, statements with respect to: the economic and project parameters presented in Chesapeake Gold Corp.
s (the
Company
Chesapeake
) preliminary
economic assessment titled "Metates Sulphide Heap Leach Project, Phase 1, Amended NI 43-101 Technical Report, Preliminary Economic Assessment" dated
January 13, 2023 with an effective date of December 15, 2022 (the "PEA"), including internal rate of return, all-in sustaining costs, net present value, and other
costs; projections of production; and economic information including the price of gold and silver; the strategic plans, timing and expectations for the Company
exploration and drilling programs at the Company
s mineral properties; estimates from metallurgical testing results; expectations related to the Company
proprietary oxidative leach technology (the
Technology
); mineralization estimates and grades for drill intercepts; geological information projected from sampling
results; potential quantities and grades of target zones; permitting for various work; the preparation of a pre-feasibility study in respect of the Company
s Metates
property; information with respect to high grade areas and size of veins projected from underground sampling results and drilling results at the Company
s mineral
properties; and the Company
s future growth potential.
Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding,
among other things: the reliability of mineralization estimates; the accuracy of assay and metallurgical test results; the geological interpretations from drilling
results; the performance of available laboratory and other related services; the conditions in general economic and financial markets; the future price of gold and
silver; availability and costs of mining equipment and skilled labour; timing and amount of expenditures related to drilling programs; future operating costs; the
historical basis for current estimates of potential quantities and grades of target zones; and the effects of regulation by governmental agencies.
The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including, without limitation: the timing
and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling and testing
results and other geological data; the Technology
s results; receipt, maintenance and security of permits and mineral property titles; environmental and other
regulatory risks; project cost overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target
zones based on historical data; general market and industry conditions; recent changes to mining laws; regional violence; and other risk factors as described under
Risk Factors
in the Company
s Annual Information Form for the year ended December 31, 2024.
Forward-looking statements are based on the expectations and opinions of the Company
s management on the date the statements are made. The assumptions
used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are
cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes
no obligation to update or revise any forward-looking statements included in this presentation if these beliefs, estimates and opinions or other circumstances
should change, except as otherwise required by applicable law.
Cautionary Note Regarding Metates Project
One of the 12 mineral concessions (San Vicente 3) comprising the Metates Project has been cancelled by the Direcci
n General de Minas of Mexico (
). The
Company has launched legal proceedings to have the cancellation of the San Vicente 3 concession reversed. In the event Chesapeake is unsuccessful in
Call Out
reinstating the San Vicente 3 concession, the Company
s current resource estimate for Metates and the ability to develop the Metates project as outlined below
and in the Metates PEA will be materially affected. Reliance on the Metates PEA is therefore contingent on the outcome of the litigation.
CKG: TSX.V | CHPGF: OTCQX PAGE 2
Cautionary Notes
Cautionary Note Regarding Mineral Resource Estimates
The PEA was prepared and filed by the Company and can be accessed under the Company's SEDAR+ profile at www.sedarplus.ca or on the Company's website
at https://chesapeakegold.com/. The PEA was prepared in accordance with National Instrument 43-101
Standards of Disclosure for Mineral Projects (
NI 43-
) and the Canadian Institute of Mining, Metallurgy and Petroleum (
CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by
the CIM Council, as amended (the
CIM Standards
). NI 43-101 is a rule developed by the Canadian Securities Administrators, which established standards for all
public disclosure an issuer makes of scientific and technical information concerning mineral projects. The terms
mineral reserve
proven mineral reserve
probable mineral reserve
are Canadian mining terms as defined in accordance with NI 43-101 and the CIM Standards. In addition, the terms
mineral resource
measured mineral resource
indicated mineral resource
inferred mineral resource
are defined in accordance with NI 43-101 and the CIM Standards.
Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into mineral reserves.
Inferred mineral
resources
have a great amount of uncertainty as to their economic and legal feasibility. It is reasonably expected that the majority of inferred mineral resources
could be upgraded to indicated mineral resources with continued exploration. Under Canadian rules, estimates of inferred mineral resources may not form the
basis of feasibility or pre
feasibility studies, except in very limited circumstances. Investors are cautioned not to assume that all or any part of an inferred mineral
resource is economically or legally mineable.
The mineral resource figures referred to in this presentation are estimates and no assurances can be given that the indicated levels of gold and silver will be
produced. Such estimates are expressions of judgment based on commodity price assumptions, metallurgical testwork experience and related estimates, mining
experience, analysis of drilling results and cost estimates, and industry knowledge and practices. Valid estimates made at a given time may significantly change
when new information becomes available. By their nature, mineral resource estimates are imprecise and depend, to a certain extent, upon statistical inferences
which may ultimately prove unreliable. Any inaccuracy or future reduction in such estimates could have a material adverse impact on the Company.
The PEA explores the viability of a two-stage heap leach process to recover gold and silver from intrusive and intrusive breccia materials that are parts of the
Metates mineral resource. The PEA has significantly lower initial capital, superior investment return indicators and a very different approach to the treatment of the
mineralization at Metates in comparison to the Company's 2016 PFS (as defined below). The reduced plant throughput lends flexibility to operations in terms of
power and water supply, greatly reducing the scope of infrastructure work required for plant development. Operating cash costs per ounce also increased in the
PEA as a result of a change to a processing methodology which has relatively higher reagent consumptions to oxidize and recover gold and silver at a reduced
recovery, but with the benefit of over US$3 billion in total capital reduction. The 2016 PFS realizes zinc by-product credits which are not included in the process
plan for the PEA.
Cautionary Note Regarding 2016 PFS
The Company completed a pre-feasibility study titled "Metates Gold-Silver Project, NI 43-101 Technical Report, Updated Preliminary Feasibility Study" filed May 3,
2016 with an effective date of April 29, 2016 (the "2016 PFS"). The 2016 PFS has been superseded by the PEA, is no longer current and is not being relied upon
by the Company.
Gary Parkison, CPG, Vice President Development, Alberto Galicia, P. Geo., Vice President Exploration of the Company and Dr. Art Ibrado, P.E., of Fort Lowell
Call Out
Consulting PLLC , are each a
qualified person
within the meaning of NI 43-101 and have reviewed and approved the scientific and technical information relating
to the Company's mineral properties disclosed in this presentation
CKG: TSX.V | CHPGF: OTCQX PAGE 3
Chesapeake Gold
A Balanced Approach to Growth and Value Creation
Metates
A Re-Invented Story
Size & Leverage: One of the world
s largest
undeveloped gold-silver deposits1 Talapoosa
M&I ~17Moz Au (0.57 g/t) & 423Moz Ag (14.3 g/t) 2
Inf. ~2Moz Au (0.47 g/t) & 59Moz Ag (13.2 g/t) 2
Higher Grade Core Confirmed in 2022
Proprietary Oxidative Leach Technology: Achieved
up to 74% Gold Recovery in 20243
Metates
Innovative
Green Gold
Technology
PEA Demonstrates Alternative Development Lucy
Financeable, deliverable & expandable
Expanding Oxide Gold Discovery at the Lucy Project
2023 drilling intercepted 6.1g/t gold over 24m from surface4
One of several holes delineating a 700m zone of mineralized skarn
Favorable Jurisdiction: Mexican team in place for decades
with strong community relations Perfect Asset at the Perfect Time
Well Funded: ~C$10mm in treasury, low burn rate 5
Gold price reaching all-time highs
Large Supportive Shareholders: Eric Sprott, Sun Valley and
Directors/Management own >35% equity interest
Heap leach approach unlocks true
Compelling Valuation: Trading at >90% discount to mine value and maximizes
development peers on an EV/oz basis development approach
Mexico
s biggest undeveloped gold deposits Published: Bnamericas -Tuesday, November 24, 2020.
Metates updated resource estimate news release dated February 22, 2023.
A large platform for future growth
3. Chesapeake announces metallurgical results update news release dated October 22, 2024.
4. Lucy project exploration news releases dated October 3, 2023 and July 9, 2024.
5. Chesapeake Gold cash position as at September 30, 2025 (Excludes the proceeds from the ~C$20mm financings closed January 27, 2026. See Company
s January 27, 2026 news release).
CKG: TSX.V | CHPGF: OTCQX PAGE 4
Chesapeake Gold
NASDAQ Metals Focus Silver Miners Index
Chesapeake
Gold
s addition
to its first
silver index is
a recognition
of the
significant
silver
endowment
and the
advancement
of the Metates
project
Metates is one
of the world
largest
undeveloped
gold-silver
deposits1
1. Mexico
s biggest undeveloped gold deposits Published: Bnamericas -Tuesday, November 24, 2020 Source: Mining Visuals (Development stage only, >10g/t silver)
CKG: TSX.V | CHPGF: OTCQX PAGE 5
Oxidative Leach Technology
The Power to Transform the Precious Metal Industry
Nature has been transforming refractory sulphide-hosted precious metals deposits i

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