Thesis Gold Inc. present another set of assay results from the Dukes Ridge deposit at its 100% owned Lawyers Gold-Silver Project. The drill results presented here confirm along-strike continuity of deep, high-grade mineralization at the Dukes Ridge deposit. Following the Company's recent merger, the road-accessible Lawyers and adjacent Ranch Project now comprise a 325 km2 contiguous land package in the prolific Toodoggone Mining District.

Assay results from numerous Dukes Ridge drill holes intersected intervals of high-grade mineralization within broader mineralized zones: 23DRDD011, the most easterly hole in the high-grade panel intersected upper and lower zones of broadly dispersed mineralization, both of which contain higher-grade sub intervals: Upper zone - 46.00-m-wide interval that begins at 325.00 m core depth returned 2.29 g/t Au and 132.10 g/t Ag, or 3.94 g/t AuEqincluding. 5.41 m of 19.58 g/t AuEq., 1.36 m of 36.61 g/t AuEq, and 3.00 m of 8.18 g/t AuEq. Lower Zone - 37.00-m-wide intervals beginning at 392.00 m core depth returning 2.09.

g/t Au and 85.30 g/t Ag, or3.16 g/t AuEq including. High-grade zones remain open to the southeast, indicating further potential to extend mineralization along strike in the deeper parts of the Dukes Ridge deposit. These results confirm multiple zones of high-grade gold and silver >200 metres beneath the base of the Dukes Ridge open pit shell.

The 2022 PEA assessed the Lawyers Gold-Silver Project as an exclusively open pit mining venture. The Company sees an opportunity to enhance project economics by incorporating deep, high-grade mineralized mineralization into a potential complimentary underground mining scenario in an updated PEA in 2024. The holes reported here were designed to infill and expand upon previous drilling, optimizing potential growth for the upcoming resource estimate.

The results presented demonstrate excellent along-strike continuity in mineralization at the Duke Ridge deposit. Drilling has now defined a broad panel of mineralization that extends over 200 m below the open pit mining scenario, is over 200 m in width, plunges gently to the southeast, and that remains open along strike. The eastern southeastern extent is defined by very strong mineralization in 23DRDD009 and 23DRDD011.

The Company has several more holes planned to test beyond the limits of current drilling and will report on those holes once they have been drilled and results are back from the lab. Mineralization at Lawyers is typified by zones of high-grade gold, high-grade gold and silver within much broader zones of mineralization. Drilling in the deeper part of the Dukes Ridge deposit indicate that these characteristics hold true at depth, demonstrating the potential viability of an underground mining scenario beneath the Dukes Ridge open pit that was proposed in the 2022 PEA.