Thesis Gold Inc. provide an update on its exploration activities at the Steve Zone, situated within the Company's 100% owned Ranch Gold Project. The Steve Zone was a new target generated by Thesis' multidisciplinary exploration program and the discovery was confirmed through drilling in 2022. The 2023 drill campaign, comprised six holes that extended mineralization and defined multiple mineralized zones, demonstrating its promising resource potential. Situated 3.5km directly south of the Bonanza-Ridge Zone, the Steve Zone continues to demonstrate the potential for wide-spread mineralization across the Ranch Project. The Project is road-accessible by way of the Company's Lawyers Gold-Silver Project, and together the two projects form a contiguous, 325 km2 land package in the prolific Toodoggone Mining District in northern British Columbia. The Steve Zone forms a local topographic high, the resistive feature is the result of silicification of the volcanic host rock. In 2022 this area was drilled as a conceptual exploration target identified through mapped alteration, surface rock samples yielding between 0.53 and 2.91 g/t Au, spatially overlapping soil geochemical anomalies (Ag, As, Sb, Mo, W, Pb, and Zn), and intersecting structural
lineaments interpreted from ground geophysics (magnetics and induced polarization-IP). In 2023, drilling aimed to expand upon the 2022 discovery drillholes, confirming up-dip and along-strike continuity of mineralized zones. The results validate the widespread presence of silica and advanced argillic alteration assemblages, encompassing broad intervals of mineralization and narrower zones of higher grade. Mineralization coincides with silica±dickite, a clay mineral indicative of acidic conditions.