Chesapeake Gold Appoints Permanent CEO and New CFO

• Jean-Paul Tsotsos appointed permanent CEO effective 1 January 2026 after serving as Interim CEO since November 2023
• Rajesh Vyas appointed CFO and Corporate Secretary with 25 years of mining finance experience
• Navin Sandhu and Bernard Poznanski concluded their interim roles effective 31 December 2025
• Vyas previously held senior positions at Sierra Metals, Alamos Gold, and Richmont Mines
• Management transition completed as company continues advancing Metates project

Chesapeake Gold Corp. (TSXV: CKG, OTCQX: CHPGF) is a mineral exploration and development company with its flagship Metates project located in Durango State, Mexico. The Metates project hosts measured and indicated mineral resources of 16.77 million ounces of gold at 0.57 grams per tonne and 423.2 million ounces of silver at 14.3 grams per tonne within 921.2 million tonnes. Inferred mineral resources include 2.13 million ounces of gold and 59.0 million ounces of silver. The company is also developing proprietary oxidative leach technology for processing mineralisation at the project.

CEO Permanent Appointment and Leadership Transition

Jean-Paul Tsotsos has been appointed as Chesapeake Gold's permanent Chief Executive Officer effective 1 January 2026. Tsotsos has served as Interim CEO since November 2023, a period of 14 months during which he led the company's operations and strategic direction. The appointment formalises his position following his interim tenure.

The transition from interim to permanent status completes the CEO succession process that began in late 2023. Tsotsos will continue overseeing the company's operations and the advancement of the Metates project. The appointment provides defined leadership as the company pursues development activities at its flagship asset.

The permanent appointment allows for continuity in strategic planning and execution. Tsotsos's familiarity with the company's operations and stakeholders positions him to maintain existing initiatives whilst managing the project's progression through its development phases.

CFO and Corporate Secretary Appointment

Rajesh Vyas has been appointed Chief Financial Officer and Corporate Secretary effective 1 January 2026. Vyas brings over 25 years of mining industry experience, having held progressively senior roles across multiple companies. His career began as Controller at Iamgold Corporation's Suriname operations and includes positions as VP Corporate Controller and Corporate Secretary at Sierra Metals, Director of Finance at Alamos Gold, and Operations Controller at Richmont Mines.

Vyas holds credentials as a Chartered Accountant and CPA. His experience encompasses governance, investor relations, and finance operations within the mining sector. The dual role consolidates financial oversight and corporate governance functions under single leadership.

The appointment addresses the company's financial management requirements as it continues project development work. Vyas's background in mining finance and operations provides relevant experience for a company advancing a large-scale project.

Management Team Departures and Restructuring

Navin Sandhu stepped down as Interim Chief Financial Officer effective 31 December 2025. Bernard Poznanski also concluded his role as Corporate Secretary on the same date. The company acknowledged both individuals for their contributions during their tenures.

The departures coincide with the appointments of Tsotsos as permanent CEO and Vyas as CFO and Corporate Secretary, completing the management transition. The timing suggests coordinated succession planning designed to ensure continuity in key positions.

The restructuring establishes a permanent management team following the interim period. With these appointments finalised, the company's executive leadership structure is now in place.

Next Steps

Chesapeake Gold has completed its management transition with permanent appointments now effective. The company continues work on the Metates project, which remains its primary focus. Key areas of activity include project development, permitting processes, and technical work related to the sulphide heap leach approach. The management team will oversee these initiatives as the project progresses through its development stages.

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