Thistle Resources Inc Commences Trading on the TSX Venture Exchange and Introduces the Middle River Gold Project

The most recent release dated May 5, 2026, confirms that Thistle Resources Inc. (TSXV: TRCG) has officially commenced trading on the TSX Venture Exchange. This follows a qualifying transaction completed on April 29, 2026, involving a three-cornered amalgamation with Thistle Resources Corp. The company announced the initiation of its Phase 3 Drill Program for the summer at the Middle River Gold Project in New Brunswick. Key geological updates include the identification of a 7km mineralized "S-Trend" and a new untested high-chargeability Lower Zone at approximately 400m depth, identified through geophysical surveys by EarthEx and Abitibi Geophysics. The company states it has received drill permits and identifies over 50 drill-ready targets.

The news is categorized as Routine - Positive. While the commencement of trading is a significant operational milestone for liquidity, it was explicitly anticipated in the April 29 announcement which stated trading expected to resume around May 5, 2026. The geophysical data presented (S-Trend and Lower Zone) provides new technical detail regarding the asset acquired during the amalgamation but does not yet constitute a material resource update or drill result that would fundamentally alter valuation models. The financing of $3.4M was already priced in on April 29. Therefore, this release confirms execution rather than introducing unexpected value drivers.

Thistle Resources Inc. is a junior exploration company focused on gold and base metals in Atlantic Canada. The flagship asset is the Middle River Gold Project located in the Bathurst Mining Camp, New Brunswick. The project features an Upper Au Zone (surface to 130m) and a newly identified Lower Zone at 400m depth. The company holds five projects totaling 127.87 km², including Brunswick Antimony and Celtic Highland Gold. The long-term goal is to prove out a 2M oz+ Au deposit.