Chesapeake Gold Corp. announced that it has completed the acquisition of Alderley Gold Corp. Further to completion of the acquisition of Alderley, Mr. Alan Pangbourne has been appointed director of Chesapeake, and Mr. Randy Buffington has joined the Board as a director. Mr. Randy Reifel will continue as President and Chairman of Chesapeake's Board. In conjunction with the reorganization of the Company, Messrs. Gerald Sneddon and Greg Smith have stepped down from the Board of Directors, and Mr. Sneddon has also resigned as Executive Vice President Operations. Mr. Derek Green and Mr. Doug Flegg have been appointed to the Board of Directors to fill the two vacancies created by the departure of Messrs. Sneddon and Smith. Mr. Green was formerly the President and CEO of CI Investments one of Canada's largest investment fund companies. During 2005-2015, Mr. Flegg was the Managing Director of Global Mining Sales with BMO Capital Markets, building a strong reputation and relationships with institutional clients and senior industry management.