Mr. Patrick Cruickshank reports

THISTLE RESOURCES INC COMMENCES TRADING ON THE TSX VENTURE EXCHANGE AND INTRODUCES THE MIDDLE RIVER GOLD PROJECT

Thistle Resources Inc. has commenced trading on the TSX Venture Exchange.

Thistle Resources is a Canadian public mineral exploration company focused on precious metals and critical minerals (Cu (copper), Pb (lead), Zn (zinc), Ag (silver) and Au (gold)) exploration in the world-famous Bathurst mining camp, New Brunswick, Canada. The company's primary business objective is to explore its five projects: Middle River gold, Brunswick antimony, Middle River VMS (volcanogenic massive sulphide), Alba Forks gold and Celtic Highland gold. The company's flagship projects are the Middle River gold and Brunswick antimony projects. Today, the company would like to introduce you to its Middle River gold project.

Middle River gold project:

• Founded in 2017, Thistle Resources Corp. (100-per-cent subsidiary of the company) has five projects covering 127.87 square kilometres, four in the world-famous Bathurst mining camp (BMC), New Brunswick, and one in Cape Breton, N.S., Canada.
• The projects in the Bathurst mining camp and Cape Breton, N.S., are 100 per cent on Crown land.
• The company has a highly experienced technical team with over 100-plus combined years of field exploration experience. The team has a year-round presence in Bathurst, N.B., with full exploration infrastructure.
• The Middle River gold project is located along the east flank of the Nine Mile syncline, approximately 10 kilometres north of the historic Brunswick No. 12 mine, adjacent to the Brunswick Horizon.
• The deposit is a structurally controlled silicified zone with gold mineralization over strong widths (up to 38 metres) and appears associated with a distinct melange unit thought to be related to a thrust contact between a zone of sediments and volcanics.
• The deposit has an upper Au zone (surface to 130 metres) and a newly identified and untested, high-chargeability, lower zone (at 400 m depth), as defined by both EarthEx Geophysical Solutions Inc. and Abitibi Geophysics.
• Utilizing leading-edge geophysical techniques and 3-D modelling, both EarthEx Geophysical Solutions and Abitibi Geophysics independently identified a seven km mineralized S trend and mineralized fold trend.
• The gold mineralization has been traced by trenching and two drill programs, over just a 500 m section, and the company has seven km of mineralized folds to drill out.
• The mineralization is associated with arsenopyrite and pyrite within a broad, bleached alteration zone, which includes silica, sericite, chlorite, calcite and fuchsite.
• Thistle drill program results show a multitude of high-grade mineralization assays over strong thick intersections in multiple holes.
• The next step is to initiate the company's phase 3 drill program at the Middle River deposit.
• Drill permits have been received and drilling will commence shortly with the intention of proving out a two-million-plus-ounce gold deposit along the newly identified seven km of mineralized folds.

Patrick J. Cruickshank, president, chief executive officer and director, stated: "We are excited to be introducing our company and commence trading on the TSX Venture exchange. After years of development, strong drill results, and the utilization of industry-leading 3-D geophysics and proprietary algorithms for target definition, we are determined to meet our exploration goals and initiate our phase 3 drill program at the deposit this summer. We have a tremendous opportunity to step out and drill our upper zone along our identified seven km of mineralized folds and our newly identified high-chargeability lower zone. Thistle is well capitalized and our team anticipates a very active 2026 exploration season at Middle River gold, adding to our consistently strong gold results growing our overall Au oz deposit towards our two million oz target. Increasing our shareholder value with developing all five projects in our portfolio remains our overall objective at Thistle. We look forward to introducing you to all our projects."

Gary Lohman, PGeo, vice-president of exploration, stated: "Based on work conducted by EarthEx and Abitibi Geophysics, there is an abundance of drill-ready high-priority targets (50-plus) along the mineralized folds. The untested lower zone, independently identified by both EarthEx and Abitibi Geophysics, is characterized by extremely high chargeability, the size and scale of the anomalies providing the leverage to move the deposit forward and build ounces. The potential of the Middle River gold deposit is a testament to the new technology tool set, and the team is anxious to get on the ground and expand the footprint of the Middle River gold deposit."

Analysis and QA/QC (quality assurance/quality control)

All samples were submitted to and analyzed at Bureau Veritas, an independent commercial laboratory for both the sample preparation and assaying. Bureau Veritas (BV) is a commercial laboratory independent of Thistle Resources. Samples submitted through BV are run through standard preparation methods and analyzed using code AQ300, an aqua regia digestion with an ICP-ES (inductively coupled plasma emission spectroscopy) finish. Gold analysis is done by standard fire assay (FA450) using a 50-gram sample. Overlimit assays are done by gravimetric analysis (FA550). BV undertakes its own QA/AC protocols, including coarse and pulp duplicate analysis, to ensure proper sample preparation and equipment calibration.

Thistle's QA/QC program includes regular insertion of CRM (certified reference material) standards, duplicates and blanks into the sample stream with a stringent review of all results. QA/QC and data validation were performed, and no material errors were observed.

Note that details of the 2022 drill program are included in a National Instrument 43-101 report filed by Sears, Barry & Associates Ltd., dated Nov. 30, 2025.

The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101, Standards of Disclosure for Mineral Projects, and reviewed and approved by Gary Lohman, BSc, PGeo, vice-president of exploration and director, who acts as the company's qualified person and is not independent of the company.

About Thistle Resources Inc.

Thistle Resources is a Canadian public mineral exploration company focused on precious metals and critical minerals (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst mining camp, New Brunswick, Canada. The company's primary business objective is to explore its five projects: the Middle River gold project, Brunswick antimony project, Middle River VMS project, Alba Forks gold project in the world-famous Bathurst mining camp; and the Celtic Highland gold project, located in Cape Breton, N.S., Canada. The company is focused on precious metals and critical minerals exploration (CME).

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