Core Viewpoint - Thesis Gold Inc. has announced promising drill results for the 2025 season and the completion of an 86 line-kilometer Induced Polarization (IP) geophysical survey at its Lawyers-Ranch Project, indicating significant exploration potential and resource expansion opportunities [1][3][4]. Exploration and Drilling Results - The company focused on resource expansion at the Bingo zone, with drilling results indicating high-sulfidation mineralization and the potential for further growth in the resource base [2][5][7]. - Drillhole 25BNGDD001 intersected 0.73 grams per tonne gold, 2.17 grams per tonne silver, and 0.35% copper over 13.61 meters, with a deeper interval showing 80.02 grams per tonne silver and 0.47% copper [5][9]. - Drillhole 25BNGDD002 revealed 89.30 meters of 1.10 grams per tonne gold from surface, including a 12.00-meter interval of 2.31 grams per tonne gold, indicating mineralization extending beyond current resource models [5][9]. Economic Assessment - The 2024 Preliminary Economic Assessment (PEA) highlighted strong project economics, with an after-tax NPV (5%) of C$1.28 billion and an IRR of 35.2%, suggesting significant value creation potential [2][4][14]. - The company plans to update project economics in Q4 2025 with the results of a Prefeasibility Study (PFS) [3][4]. Geophysical Survey Insights - The recent IP survey has identified several new targets, enhancing the understanding of previously untested areas within the project [5][6]. - The survey covered 86.1 line-kilometers and is expected to provide important context for future exploration efforts [5][6]. Management Commentary - The President and CEO emphasized the project's potential beyond the 2024 PEA, highlighting the ongoing exploration efforts and the promising results from the Bingo zone [4][14].

VANCOUVER, BC, July 31, 2025 /PRNewswire/ - Thesis Gold Inc. ("Thesis" or the "Company") (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) is pleased to announce the appointment of Russell Ball to its Board of Directors and David Garratt as Chief Financial Officer and Corporate Secretary. In connection with these changes, Nick Stajduhar has stepped down from the Board effective immediately, but will continue with the Company in his role as Vice President, Corporate Development, and Sean Mager has stepped down as CFO ...

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]