Chesapeake Gold (CKG) Corporate presentation summary

Strategic focus and asset portfolio

• Concentrates on developing one of the world's largest undeveloped gold-silver deposits, Metates, and advancing the Lucy gold project in Mexico, while divesting non-core assets like Tatatila for equity and royalty upside.

• Maintains a strong treasury (~C$10M) and has significant insider and institutional shareholder support, with over 35% equity held by management and key investors.

Metates project highlights

• Measured and indicated resources total 16.8Moz gold and 423Moz silver, with an additional 2.1Moz gold and 59Moz silver inferred.

• 2021 PEA outlines a 15ktpd sulphide heap leach starter project, expandable, with a 31-year mine life and initial capex of US$359M.

• Average annual production (years 1–15) is 112Koz gold and 2.5Moz silver, with LOM cash costs of $686/oz Au and AISC of $749/oz Au.

• Pre-tax NPV (5%) is US$1.14B and IRR is 35% at $1,600/oz gold and $22/oz silver, with strong leverage to higher metal prices.

• Recent drilling confirms a higher-grade core, improving project economics and resource confidence.

Proprietary oxidative leach technology

• Developed over a decade with ~$50M invested, this technology enables heap leaching of refractory sulphide ores, achieving >70% gold recovery in recent tests.

• Reduces water, energy, and GHG emissions compared to conventional autoclave processing, supporting a "Green Gold" approach.

• Technology is protected by patents and is being tested on third-party projects for broader commercialization.