Thistle Resources Commences Its 3000m Drill Program at Its Middle River Gold Project in the Bathurst Mining Camp, NB

Thistle Resources Inc. announced the commencement of its Phase 3 Drill Program at the Middle River Gold Project on September 3, 2026. The program targets 3,000 meters of drilling to expand the MRG Upper Zone footprint and test the system's depth potential.

Key targets include a 7-kilometer mineralized fold system identified via 3D geophysics and a new untested lower zone at 400 meters depth. The campaign builds on previous successful drill results and aims to support an updated NI 43-101 resource estimate toward a 2 million ounce gold goal.

The drill rig is currently onsite at pad MRG-26-01, with assays to be conducted by Bureau Veritas.

Thistle Resources Inc. (TRCG) has executed a previously announced and permitted exploration plan. Drilling was scheduled to begin in June 2026 following permit acquisition in May/June, and the September start is consistent with the company's stated timeline and operational pacing. The announcement confirms operational progress rather than delivering new geological surprises or financial updates. No material change to the company's valuation or risk profile is evident at this stage; the market will await assay results to assess geological upside and resource expansion potential.

Thistle Resources Inc. is a pre-revenue mineral exploration company focused on the Bathurst Mining Camp in New Brunswick and Nova Scotia. The company’s flagship asset is the Middle River Gold Project, which targets a 2 million ounce gold deposit across a 7-kilometer mineralized trend. Its secondary project is the Brunswick Antimony Project, located adjacent to the former Brunswick #12 mine and highlighting high-grade antimony-silver associations. The broader portfolio includes the Middle River VMS, Alba Forks Gold, and Celtic Highland Gold properties. The company is in the exploration stage with no defined mineral reserves or operating income.