Thesis Gold Announces Upsize of Bought Deal Private Placement to C$24 Million

Core Viewpoint - Thesis Gold has increased its underwritten offering from C$20 million to C$24 million due to strong investor demand [1] Offering Details - The Offering will consist of three types of flow-through shares: - 5,770,000 BC CEE Flow-Through Shares at C$1.56 each for gross proceeds of C$9,001,200 [2] - 8,660,000 National CEE Flow-Through Shares at C$1.445 each for gross proceeds of C$12,513,700 [2] - 1,930,000 Traditional Flow-Through Shares at C$1.30 each for gross proceeds of C$2,509,000 [2] - The Underwriters have an option to purchase up to an additional 15% of the Offering to cover over-allotments [2] Participation and Rights - Centerra Gold Inc. intends to participate in the Offering to maintain its shareholding interest in Thesis Gold [3] Regulatory and Compliance - All securities issued will be subject to a four-month hold period and the Offering is subject to approval by the TSX Venture Exchange [4][7] Financial Terms - The Company will pay a cash commission of 6% of the gross proceeds to the Underwriters upon closing [5] Use of Proceeds - Gross proceeds will be used for eligible Canadian exploration expenses related to the Lawyers Ranch project in British Columbia [6] Project Overview - Thesis Gold is focused on the Lawyers-Ranch Project, which has shown a 35.2% after-tax IRR and an after-tax NPV5% of C$1.28 billion [8]