Chesapeake Announces Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 21, 2016) – Chesapeake Gold Corp. (“Chesapeake”) (TSX VENTURE:CKG) announces that pursuant to its Stock Option Plan, the Board of Directors has granted incentive options to directors, officers, employees and consultants to purchase 2,235,000 common shares of the Company at an exercise price of $2.15 per share for a term of 5 years, expiring March 21, 2021. The options will vest and be exercisable on the basis of 25% annually commencing March 21, 2017, the first anniversary of the date of the option grant.

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