Chesapeake Gold (CKG) Corporate presentation summary

Strategic positioning and asset overview

• Holds one of the world's largest undeveloped gold-silver deposits, with measured and indicated resources of 16.8Moz gold and 423Moz silver, plus inferred resources of 2.1Moz gold and 59Moz silver at Metates.

• Metates project re-envisioned as a low-capex, sulphide heap leach operation, reducing initial capital by 90% compared to the 2016 plan.

• Lucy Project in Sinaloa is a new high-grade, near-surface oxide gold discovery, with mineralized skarn delineated over 700m and open along strike and depth.

• Well-funded with C$11M in treasury and strong shareholder support, including over 40% insider ownership.

• Trades at a significant discount to peers on an EV/oz basis, offering strong leverage to precious metal prices.

Metates project economics and technical highlights

• 2021 PEA outlines a 15ktpd starter project with 31-year mine life, average annual production of 147koz AuEq, and pre-tax NPV (5%) of US$1.1B at $1,600/oz gold.

• LOM operating cash flow projected at C$3.5B, with average annual operating cash flow of C$110M.

• LOM cash costs and AISC are $686/oz and $749/oz Au, respectively, with a strip ratio of 2.22.

• Initial capex is US$359M, with compact site layout and local water/power sources.

• Project economics are highly sensitive to gold and silver prices, with significant NPV and IRR upside at higher metal prices.

Proprietary oxidative leach technology

• Technology enables recovery of gold from refractory sulphide ores, achieving over 70% gold recovery in recent tests.

• Accelerated oxidation rates achieved, with 15-16% oxidation in 60 days, three times faster than previous results.

• Heap leach process reduces water, energy, and GHG emissions compared to autoclave methods, supporting "Green Gold" production.

• Technology is protected by patents and has been successfully tested on multiple sites.

• Offers a less capital-intensive, environmentally friendly alternative for global refractory gold deposits.