Thesis Gold is unlocking the combined potential of the Lawyers-Ranch Gold-Silver Project in the Toodoggone mining district of north central British Columbia, Canada. A 2022 Preliminary Economic Assessment for the Lawyers project alone projected an open-pit mining operation yielding an average of 163,000 gold equivalent ounces annually over a 12-year span¹. By integrating the Ranch Project, the Company aims to enhance the economics and bolster the overall project’s potential.

Central to this ambition was the expansive 2023 drill program, which continues to define a high-grade out-of-pit Mineral Resource at Lawyers and augment the near-surface high-grade deposits at Ranch. The project now boasts a combined Measured & Indicated Mineral Resource of 4.0 Moz and an Inferred Mineral Resource of 727 koz, at respective grades of 1.51 and 1.82 g/t AuEq. The Company roadmap includes, new metallurgical work, a robust 2024 exploration and drill program and a combined updated Preliminary Economic Assessment slated for Q3 2024. Through these strategic moves, Thesis Gold intends to elevate the Ranch-Lawyers Project to the forefront of global precious metals ventures.

¹Preliminary Economic Assessment: Lawyers Gold & Silver Project (2022). JDS Energy & Mining.

• Recent trading range = $0.75 to $0.85/share
• 100% owned Lawyers-Ranch Project, North Central British Columbia
• 4.7 million ounces gold (measured & indicated + inferred)
• $1.28 Billion Net Present Value @ $1930/oz gold = 2-year payback
• $2.25 Billion Net Present Value @ $2500/oz gold
• $3.09 Billion Net Present Value @ $3,000/oz gold
• 14 years – current mine life
• At production of 215,000 oz/year @ $2,500/oz gold = $535 million USD a year gross revenue
• Drill results to be released through the end of 2024
• Objective: Expand resource and project value