Thesis Gold Drills 89.3 Metres of 1.10 Grams per Tonne Gold to Extend Mineralization at the Bingo Zone

Executive Summary

• Thesis Gold released first 2025 drill results from the Bingo zone, including a 89.3 m intercept of 1.10 g/t Au from surface and deeper high‑grade silver–copper zones.
• Intercepts extend mineralization >30 m beyond current resource models, supporting potential expansion of the Lawyers‑Ranch Project’s resource base.
• The company also completed an 86 km induced‑polarisation (IP) geophysical survey that identified new, untested targets; a Prefeasibility Study is slated for release later in Q4 2025.

Key Details

• Drillhole 25BNGDD001: 0.73 g/t Au, 2.17 g/t Ag, 0.35 % Cu over 13.61 m (140.39‑154.00 m); includes a 2.15 m interval of 2.26 g/t Au, 7.63 g/t Ag, 1.56 % Cu (141.37‑143.52 m). Deeper zone: 1.90 m of 80.02 g/t Ag, 0.47 % Cu (286.10‑288.00 m).
• Drillhole 25BNGDD002: 89.30 m of 1.10 g/t Au from surface; contains a 12.00 m interval of 2.31 g/t Au, 3.47 g/t Ag, 0.24 % Cu (71‑83 m). Mineralization extends >30 m beyond existing resource limits.
• Drillhole 25BNGDD003: No significant results reported.
• Geophysical Survey: Completed a 2‑D IP survey covering 86.1 line‑km; identified several compelling new targets to be detailed in a forthcoming release.
• Project Economics Context: Results could allow Ranch ounces, previously scheduled late in the mine plan (PEA), to be brought forward, potentially improving NPV, IRR and payback period. Updated economics expected Q4 2025 with the 2025 Prefeasibility Study led by Ausenco Engineering Canada ULC.
• Quality Assurance: Samples analyzed at Bureau Veritas Minerals Laboratories (ISO/IEC 17025 accredited); fire assay with atomic emission spectrometry used for gold. Technical content reviewed by qualified person Michael Dufresne, M.Sc., P.Geol., P.Geo.
• Market Promotion Agreement: Thesis entered a six‑month agreement with Epstein Research for $12,000 total ($2,000/month) to provide advertising and commentary services; renewable subject to TSXV approval.

Notable Quotes

“Our work at Ranch this year continues to underscore the project's potential beyond what is captured in the 2024 PEA. Drilling at Bingo emphasizes that there is still room for growth in the Ranch portion of the resource.” – Ewan Webster, President & CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the company's cautionary disclaimer.