Thesis Gold Inc. announce the commencement of the 2023 exploration program at its 100% owned, road-accessible Ranch Gold Project in the Toodoggone mining district of northern British Columbia. The program kicked-off with the deployment of geophysics and soil sampling teams with drilling to commence imminently. Geophysics and soil sampling teams are gathering detailed magnetic and geochemical data along a highly prospective, NW-trending zone that has been proven to host mineralization across the property.

High grade gold in grab samples from this new zone have returned samples up to 69.50 grams per tonne gold (g/t Au). This new target is approximately six kilometres from the Company's primary targets at the Thesis Structural Corridor and the Bonanza-Ridge zone, highlighting the expansion potential that remains at the Ranch Gold Project. Ground exploration crews are collecting 1,200 soil samples and over 170 line-kilometres of ground magnetics to test for coinciding geochemical and geophysical anomalies .

These methods have been effective at delineating mineralization at the Steve zone, a new discovery from 2022, as well as extensions of mineralization at the Thesis Structural Corridor and Bonanza-Ridge. In addition to the deployment of field crews, contractors are preparing camp infrastructure and readying drilling equipment to ensure the Company shortly begins drilling the first holes of this summer's 30,000 metre program. Thesis is also announce that it has filed an updated technical report for its Ranch Gold Project entitled, "Updated Technical Report on Thesis Gold Inc.'s Ranch Gold Project, Toodoggone Region, British Columbia, Canada" with an effective date of April 1, 2023 signed June 23, 2023 (the "Technical Report").

The Technical Report updates the Company's previous technical report with more recent exploration activities and results at the Company's flagship Ranch Gold Project.