Vancouver, British Columbia–(Newsfile Corp. – August 19, 2020) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company“) is pleased to announce the closing of its previously announced non-brokered private placement of 4,000,000 common shares (“Common Shares“) at a price of $5.00 per Common Share for gross proceeds to the Company of $20,000,000 (the “Private Placement“).