Chesapeake Gold Adopts Fixed Stock Option Plan

Company Overview - Chesapeake Gold Corp. has adopted a "fixed up to 10%" stock option plan to replace its previous "rolling up to 10%" stock option plan [1] - The new plan allows the company to issue up to 7,209,338 common shares pursuant to the exercise of outstanding options granted to eligible persons [1] Resource Information - Chesapeake's flagship asset is the Metates Project located in Durango State, Mexico, which hosts one of the largest undeveloped gold-silver deposits in the Americas [3] - The Metates Project contains over 16.77 million ounces of gold at 0.57 grams per tonne and 423.2 million ounces of silver at 14.3 grams per tonne within 921.2 million tonnes in the Measured and Indicated Mineral Resource category [3] - Additionally, it has a further 2.13 million ounces of gold at 0.47 grams per tonne and 59.0 million ounces of silver at 13.2 grams per tonne within 139.5 million tonnes in the Inferred Mineral Resource category [3]