THESIS GOLD INC - THSGF STOCK NEWS

Thesis Gold Inc. (TSXV: TAU) (OTCQX: THSGF) has engaged Ausenco Engineering Canada and Mining Plus Canada Consulting to complete a Pre-Feasibility Study (PFS) for its Lawyers-Ranch Project in British Columbia. The study will build upon the September 2024 Preliminary Economic Assessment, which showed strong economics including an after-tax NPV (5%) of C$1.28 billion, 35.2% IRR, and 2.0-year payback period.

The company selected these partners for their expertise in engineering, process design, and mine planning. Additional contributors include Knight-Piésold, F. Wright Consulting, and One-Eighty Consulting, focusing on tailings, metallurgy, and permitting. The PFS is scheduled for completion in Q4 2025 and will align with the ongoing Environmental Assessment process, with design items to be finalized before the Detailed Project Description submission in H2 2025.

Thesis Gold has announced a new discovery at the Ring Zone within its Lawyers-Ranch Project in British Columbia. Initial drilling results revealed significant near-surface high-grade mineralization, including 1.21 g/t gold over 13.13 metres and 11.32 g/t gold over 1.00 metre. The discovery supports the potential for new high-grade deposits to complement the recently updated PEA, which highlighted an after-tax NPV of C$1.28 billion and IRR of 35.2%. The Ring Zone is part of a 40 km² alteration footprint containing over 20 targets. The company plans follow-up drilling in 2025, along with completing environmental baseline work and commencing a Preliminary Feasibility Study.

Thesis Gold has announced significant drill results from its 2024 program at the Lawyers Project in British Columbia. The program, comprising 4,100 meters of drilling, revealed notable high-grade gold and silver mineralization, including standout intersections of 8.00 meters at 11.39 g/t gold equivalent and 22.62 meters at 1.75 g/t gold equivalent. The results confirm both shallow and deep mineralization, supporting potential enhancement of open-pit scenarios and expansion of underground resources. These findings will be incorporated into the upcoming Prefeasibility Study planned for late 2025.

Thesis Gold Inc. has filed an updated Preliminary Economic Assessment (PEA) for its Lawyers-Ranch Project in British Columbia. The new PEA, effective August 30, 2024, supports a 12,600 tonnes per day open pit mining operation over a 14-year mine life. Highlights include:

- Strong economics with a pre-tax IRR of 46.0% and NPV5% of C$1.99 billion
- After-tax IRR of 35.2% and NPV5% of C$1.28 billion
- Increased production: 32% increase in annual average production to 215,000 AuEq ounces
- Low AISC of US$1,013 per AuEq ounce
- Quick after-tax payback of 2.0 years
- Initial capital expenditure of C$598.4 million

The project shows robustness across a range of gold prices and significant potential for further resource growth and discoveries.

Thesis Gold Corp. is advancing a promising gold and silver project in British Columbia. The company has significantly expanded its resource base to nearly 5 million ounces of gold, complemented by substantial silver credits. A recent Preliminary Economic Assessment (PEA) has confirmed the project's strong economic potential, offering both open pit and underground mining options.

The project benefits from its location in a mining-friendly jurisdiction with excellent infrastructure and established community partnerships. These factors position Thesis Gold favorably for continued resource growth and development. The company's progress and strategic advantages suggest a solid foundation for future expansion in the precious metals sector.

Thesis Gold has completed its 2024 exploration season at the Lawyers-Ranch Project in northern British Columbia. The program included 9,510 meters of drilling, split between engineering, environmental studies, resource upgrading, and exploration. Key highlights:

1. Engineering work: Geotechnical drilling and test pits at Ranch for mine design and waste rock storage.

2. Environmental studies: Completion of two-year baseline data collection at Lawyers and second year at Ranch.

3. Field geology: Identification of prospective units and mineralization in newly staked claims.

This work positions Thesis Gold to commence a Pre-Feasibility Study (PFS) in early 2025. The company aims to minimize future spending and dilution, having completed major capital-intensive elements. Initial drill results are expected soon, with ongoing releases in the coming months.

Thesis Gold announced an updated Preliminary Economic Assessment (PEA) for its Lawyers-Ranch project, projecting strong economics with an after-tax NPV5% of C$1.28 billion and an IRR of 35.2%. The project, utilizing both open-pit and underground mining, aims for a 14-year mine life, producing an average of 215,000 gold-equivalent ounces annually. The 2024 PEA highlights a 55% increase in life-of-mine production and a quick payback period of 2.0 years. Initial capital expenditure is estimated at C$598.4 million, with a low life-of-mine all-in sustaining cost (AISC) of US$1,013 per ounce. The project remains economically robust at gold prices ranging from US$1,750 to US$2,500 per ounce. The updated PEA includes significant resource growth potential and high operational efficiency.

Thesis Gold Inc. (TSXV: TAU) (OTCQX: THSGF) has received an amended 5-year Multi-Year-Area-Based (MYAB) Exploration & Mine Permit for its 100% owned Lawyers-Ranch Project in British Columbia. The permit, authorized by the Ministry of Energy and Mines, allows for extensive exploration activities including:

• 3,900 permitted drilling sites
• 46 geotechnical drilling sites
• 260 kilometers of exploration trails/access
• 225,000 litres of fuel storage
• 100 test pits

The company plans to conduct over 10,000 metres of drilling focused on resource upgrading and expansion. Ongoing work includes field mapping, geochemical sampling, metallurgical studies, and environmental baseline data collection. Thesis Gold is also preparing to release a Preliminary Economic Assessment (PEA) to provide insight into the project's economic potential.

Thesis Gold has commenced the 2024 exploration season at its Lawyers-Ranch Project in British Columbia's Toodoggone Mining District. The company plans to update the Preliminary Economic Assessment (PEA) in Q3-2024 and aims to start a Pre-Feasibility study in 2025. This season's work includes over 10,000 meters of drilling, geological and engineering studies, and environmental baseline data collection. The project holds 4.0 Moz Measured & Indicated and 727 koz Inferred Mineral Resources. Thesis aims to upgrade these resources further and explore new prospects. The company completed essential roadworks in 2023 and intends to advance engineering studies and environmental assessments for both project areas.