Mr. Patrick Cruickshank reports

THISTLE RESOURCES INC. COMPLETES SECOND ANNIVERSARY OPTION PAYMENT AT ITS FLAGSHIP BRUNSWICK ANTIMONY PROJECT, BATHURST, NEW BRUNSWICK

Thistle Resources Inc. has completed the second anniversary payment required under the option agreement dated May 12, 2024, between Thistle Resources Corp., a wholly owned subsidiary of Thistle, and Prospect 'Or Corp., pursuant to which the company has the option to acquire a 100-per-cent interest in certain mineral claims located in New Brunswick.

The Brunswick antimony project comprises four mineral claim blocks known as Pabineau River 1, Pabineau Falls Granite, Brunswick East and Knights Brook, totalling approximately 199 mineral claim units.

The second anniversary payment consisted of a cash payment of $25,000 and the issuance of 250,000 common shares of the company to the optionor. The final payment, due prior to the third anniversary of the option agreement, consists of a cash payment of $40,000 and the issuance of an additional 250,000 common shares. The common shares issued pursuant to the option agreement are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.

These payments form part of a staged earn-in arrangement under which the company may acquire a 100-per-cent interest in the Brunswick antimony project, subject to a 2-per-cent net smelter return (NSR) royalty in favour of the optionor, by making aggregate cash payments of $90,000 and issuing an aggregate of one million common shares over the term of the option agreement. The company retains the right to repurchase a 1-per-cent NSR royalty (representing one-half of the total 2-per-cent NSR royalty) for a one-time cash payment of $1-million.

Completion of this milestone payment maintains the company's option rights in the Brunswick antimony project and allows it to continue evaluating the property through ongoing exploration activities.

Patrick Cruickshank, president and chief executive officer, stated: "We are pleased to have completed the second anniversary payment under our option agreement, advancing toward earning full ownership of the Brunswick antimony project. The company will continue to carry out systematic exploration activities with a view to generating long-term value for shareholders."

About Thistle Resources Inc.

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: the Middle River gold project, the Brunswick antimony project, the Middle River VMS (volcanogenic massive sulphide) project, the Alba Forks gold project, in the world-famous Bathurst mining camp, and the Celtic Highland gold, located in Cape Breton, Nova Scotia, Canada. The company is focused on precious metals and critical minerals exploration (CME).

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