Thesis Gold Inc. reported assay results from the JK Zone at its 100% owned Ranch Project. The JK Zone, a sparsely drilled target located between the Thesis Structural Corridor and the Bonanza-Ridge Zone has proven a greater than 230-meter (m) strike length of near-surface gold mineralization in the 2023 results, demonstrating the Company's successful strategic exploration initiatives. The Ranch 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.

Highlights: 2023 drill results confirm >230 metres of mineralization along N-S trending structures that correspond to a prominent magnetic low signature. Drillhole 23JKDD001 returned 20.00 metres (m) of 2.93 grams per tonne gold (g/t Au). Drillhole 23JKDD011, the northern-most drillhole, returned 9.37 m of 2.03 g/t Au Drillhole 23JKDD005 intercepted a broad, 69.83 m long interval grading 1.28 g/t Au.

The results expand the known mineralization which remains open to the north, and the company has identified a potential structure offsetting mineralization to the south. The JK Zone is situated about 270 metres south of the main Ranch Access Road, midway between the Thesis Structural Corridor and the Bonanza-Ridge Zone. Prior to 2023, there was limited drilling at JK that defined a mineralized gold trend extending for about 60 metres, a trend that has since been proven to continue for over 230 m in strike length.

The 2023 drill program targeted and intersected mineralization within N-S oriented magnetic lows. The mineralized N-S structures are interpreted as splays off larger NW-SE-oriented faults, consistent with similar patterns seen elsewhere on the property. Drilling at JK has been very successful in advancing the Company's understanding of this otherwise blind target and has emphasized the importance of N-S-oriented faults as controls on hydrothermal fluids and mineralization.

Much like the Steve Zone, JK is an early-stage target with lots of opportunity for further testing, definition, and continued expansion. Drillhole 23JKDD001 confirmed up-dip continuity of pre- 2023 drill results, demonstrating that mineralization begins at surface. Although drillhole 23JKDD008 returned no significant results, there's a possibility that mineralization is truncated in the south along a prominent NW-SE structure, potentially continuing within the magnetic and topographic low south and east of this year's defined mineralized trend.

Gold mineralization in 23JKDD011 corroborates the offsetting influence of NW-SE faults on the N-S structures and will be the subject of further testing in 2024. Future drilling is needed to realize the full potential of JK and advance the target beyond its early stage.