Chesapeake Gold Corp. announced that the Company's Chief Financial Officer, Erick Underwood, will be stepping down from his role at the Company effective 30th April 2023 to pursue another opportunity. Mr. Underwood will continue to support Chesapeake as CFO in the coming month to ensure that the 2022 annual financial statements and MD&A are completed and filed.

The Company will commence an executive search and announce the CFO replacement in due course.