Chesapeake Gold Corp (“Chesapeake”) wishes to provide an update on the results of the Phase 1 drilling program at its regional Yarely Project (“Yarely”) in Sinaloa State, Mexico. Yarely encompasses 72,000 hectares and is strategically located 10 kilometres from a paved highway and within 25 kilometres of the proposed Metates plant site. Metates is Chesapeake’s flagship project which hosts one of the largest
undeveloped gold, silver and zinc reserves in the world.