Dr. Ewan Webster reports

THESIS GOLD INC. COMPLETES VERTICAL SHORT-FORM AMALGAMATION WITH WHOLLY-OWNED SUBSIDIARY

Thesis Gold Inc. has completed a vertical short-form amalgamation pursuant to the Business Corporations Act (British Columbia), effective Feb. 29, 2024, with the company's wholly owned subsidiary, PPM Phoenix Precious Metals Corp. Pursuant to the amalgamation, the resulting amalgamated company (AmalCo) has adopted the name Thesis Gold Inc., maintained the same articles and management as the company, and issued no securities, and the symbol TAU remains the same.

Dr. Ewan Webster, president and chief executive officer of the amalgamated Thesis Gold, commented: "We are pleased to announce the amalgamation of Thesis Gold Inc. and its wholly owned subsidiary, PPM Phoenix Precious Metals Corp. This amalgamation will streamline our mining exploration activities and help to reduce corporate and operational expenses as we move forward."

On Sept. 18, 2019, the company acquired 100 per cent of the Lawyers property through the acquisition of PPM and following the completion of the company's plan of arrangement on Aug. 23, 2023, the company continued to indirectly own all of the mineral properties comprising the Lawyers gold-silver project through its wholly owned subsidiary, PPM. As a result of completing the amalgamation, the amalgamated Thesis Gold now directly owns all of the mineral properties comprising the Lawyers gold-silver project.

Thesis Gold has filed the certificate of amalgamation and notice of articles on SEDAR, which are publicly available under the company's profile on SEDAR+. Additional information with respect to the amalgamation and the business of the amalgamated Thesis Gold is available on the company's SEDAR+ profile.

About Thesis Gold Inc.

Thesis Gold, following its strategic merger with Benchmark Metals, is unlocking the combined potential of the Ranch and Lawyers gold-silver projects in the Toodoggone mining district of north-central British Columbia, Canada. A 2022 preliminary economic assessment for the Lawyers project alone projected an open-pit mining operation yielding an average of 163,000 gold equivalent ounces annually over a 12-year span. By integrating the Ranch project, the company aims to enhance the economics and bolster the overall project's potential. Central to this ambition was the expansive 2023 drill program, which continues to define the high-grade underground resource at Lawyers and augment the near-surface high-grade deposits at Ranch. The company's road map includes releasing a combined Ranch-Lawyers resource estimate by Q2 2024, with an updated preliminary economic assessment slated for Q3 2024. Through these strategic moves, Thesis Gold intends to elevate the Ranch-Lawyers project to the forefront of global precious metal ventures.

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