Chesapeake Provides Update on Yarely and Tatatila Exploration

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VANCOUVER, British Columbia, Dec. 13, 2018 (GLOBE NEWSWIRE) — Chesapeake Gold Corp. (“Chesapeake” or “Company”) wishes to provide an update on the exploration work at its 100% owned Yarely Project (“Yarely”) in Sinaloa State and Tatatila Project (“Tatatila”) in Veracruz State, Mexico. Yarely is located 25 kilometres west of the proposed Metates plant site and encompasses 76,200 hectares. Metates is Chesapeake’s flagship project which hosts one of the largest undeveloped gold, silver and zinc reserves in the world. Tatatila is a district scale project hosting gold-copper skarn mineralization which strategically surrounds Mexican Gold Corp.’s Las Minas project.

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