#Canada #Vancouver #Thesis Gold #Bingo Zone #Lawyers-Ranch

Thesis Gold Inc.: Expansion at the Bingo Zone

Vancouver, BC, October 6, 2025 – Thesis Gold Inc. is excited to announce significant findings from its recent drilling activities at the Bingo Zone within its wholly-owned Lawyers-Ranch Project located in northern British Columbia. The company recently reported its first drill results for the 2025 exploration season along with completing an 86 line-kilometer Induced Polarization (IP) geophysical survey in the Toodoggone mining district.

Drilling at Bingo has remained a top priority for the company, aiming to expand the known mineralization zones while also exploring new targets identified through the latest geophysical surveys. Past economic assessments showed promising forecasts for the project, with the 2024 Preliminary Economic Assessment indicating a remarkable after-tax NPV (5%) of C$1.28 billion, an impressive IRR of 35.2%, and a swift 2.0-year payback period based on gold priced at US$1,930 and silver at US$24. These recent drill results reinforce the likelihood of optimizing the project’s economics by potentially advancing the timing of resource extraction.

Drill Highlights

The company’s exploration has produced several notable drill catches:

• - Drillhole 25BNGDD001: This hole intersected 0.73 grams per tonne (g/t) gold, 2.17 g/t silver, and 0.35% copper over a length of 13.61 meters, starting from a depth of 140.39 meters downhole. This specific location marked a new zone first encountered in 2024 geotechnical drilling. Notably, within this finding, a deeper interval yielded 80.02 g/t silver and 0.47% copper, emphasizing a distinct mineralization signature compared to other areas within the Bingo zone.

• - Drillhole 25BNGDD002: This significant outcome revealed an 89.3 meters intersection of 1.10 g/t gold right from the surface, including 12.00 meters averaging 2.31 g/t gold, 3.47 g/t silver, and 0.24% copper, commencing at 71.00 meters downhole. This finding notably extends 30 meters beyond current resource models, with the hole concluding in mineralization due to ground conditions, further proving the expansion potential of the Bingo resource.

The findings from these drill holes not only expand the latitude of the existing mineral zones but also facilitate studies on advancing resource extraction timelines, especially for the Ranch ounces projected for later in the mine plan.

Advanced Geophysical Surveys

Thesis Gold has recently employed Simcoe Geoscience to conduct a comprehensive 2D induced polarization (IP) survey across the Bingo area. The implications of this survey broadened the understanding of previously defined targets solely via surface geochemical data. New and compelling targets were discovered, which will be detailed in future announcements from the company.

Future Steps

Ewan Webster, President and CEO of Thesis Gold Inc., remarked on the ongoing efforts: “Our work continues to showcase the immense potential of the Ranch project beyond what is delineated in the 2024 PEA. The drilling at Bingo demonstrates room for further growth, while the IP survey introduces fresh prospects in regions previously considered underexplored.”

With the 2025 Prefeasibility Study (PFS) progressing and set for release in the fourth quarter of 2025, the company’s roadmap is aimed towards maximizing the resource potential of the Lawyers-Ranch Project. Notably, this excitement led to a promising outlook on undertaking an Environmental Impact Assessment process.

Thesis Gold’s continued commitment to exploration and drill programs highlights its ambition to increase project value and establish a robust strategy for tapping into the vast mineral wealth of the area. Investors and stakeholders eagerly anticipate forthcoming updates as the company continues to advance its role in the global precious metals sector.