Thesis Gold Inc. reported it has mobilized for the 2024 exploration season at its 100% owned Lawyers-Ranch Project in the prolific Toodoggone Mining District of northern British Columbia. Thesis Gold is planning an updated Preliminary Economic Assessment (PEA) scheduled for release in Q3-2024. Consequently, this summer's field program will focus on geological, engineering, and environmental baseline studies, aimed at further de-risking the project, unlocking its broader potential, and preparing it to commence a Pre-Feasibility study in 2025.

Following the release of a Measured & Indicated Mineral Resource of 4.0 Moz and an Inferred Mineral Resource of 727 koz, at respective grades of 1.51 and 1.82 g/t AuEq (gold equivalent; see release from May 1st, 2024), Thesis is intensifying its efforts to upgrade critical ounces from inferred to the Measured & Indicated (M&I) categories at Lawyers-Ranch. The Ranch project also offers significant exploration potential, with over 20 undrilled gold showings and numerous areas identified with promising geological, geochemical, and geophysical anomalies. This year, the Company plans to test these targets to continue the search for new discoveries.

To date, Thesis has made considerable progress in de-risking the Lawyers-Ranch project. In 2023, the Company completed roadworks on the Ring Road, ensuring safe, year-round access to both project areas with gentle grades and no avalanche risk. Road maintenance will continue throughout the 2024 field season.

Engineering studies at Lawyers have advanced to a level sufficient for initiating a prefeasibility study. This summer, the company's primary focus will be to achieve a similar level of data and understanding at Ranch, supporting a combined prefeasibility study across the entire project area. Environmental baseline studies are essential for understanding the environmental conditions specific to an area before project construction begins.

These studies require at least two years of data collection and document existing conditions related to air, water, soil, and biotic resources. At Lawyers, the required two years of data collection is complete, so ongoing studies are focused on maintaining current and relevant data in preparation for entering the environmental assessment phase. Ranch is entering its second year of baseline studies, with crews assessing aquatic conditions, monitoring fish and terrestrial wildlife, and studying geochemistry and meteorological conditions.