Thesis Gold Inc. presented the first drill results of the 2023 drill campaign that extends high-grade mineralization to a depth of approx. 400 metres at the Dukes Ridge Deposit. The Lawyers Gold-Silver Project is 100% owned by Thesis Gold following the Company's recent merger.

The Project, accessible by road in the prolific Toodoggone Mining District is contiguous with the Company's adjacent Ranch Gold Project, collectively creating a 325 km2 land package. This drilling campaign continues to delineate gold and silver mineralization below the currently defined Dukes Ridge deposit and demonstrates that mineralization continues for over 200 m below the open pit mining scenario outlined in the 2022 PEA. The Company is awaiting assay results for multiple holes that intersected visual mineralization below and adjacent to these results.

Thesis is optimistic that mineralization at Dukes Ridge remains open at depth, indicating further potential for resource growth. The primary focus of 2023 drilling at Lawyers is to confirm and expand the mineral resource below the modelled open pits. Deep, high-grade gold and silver has the potential to significantly improve project economics by allowing for an underground mining scenario that can be carried out independently or in concert with the open pit operations.

Quality Assurance and Control: Results from samples were analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada. The sampling program was undertaken by Company personnel under the direction of Rob L'Heureux, P.Geol. A secure chain of custody is maintained in transporting and storing of all samples.

Gold was assayed using a fire assay with atomic emission spectrometry and gravimetric finish when required (+10 g/t Au). Drill intervals with visible gold were assayed using metallic screening. Rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.