Thesis Gold Strengthens Leadership with New Board and Management Appointments

Thesis Gold Inc., known in the industry for its valuable mining projects, recently announced significant changes in its management and board of directors. This leadership restructuring marks an important step in its strategy to enhance the company's operational capabilities and ensure robust project development moving forward.

New Appointments

Effective immediately, Russell Ball has been appointed to Thesis Gold's Board of Directors. He is a distinguished figure with over three decades of experience in the international mining sector. Having previously held significant positions, including CEO of Calibre Mining Corp. and top roles at Goldcorp Inc. and Newmont Mining Corporation, Ball's extensive background in corporate development and financial management is expected to bring tremendous value to Thesis Gold as it navigates its ambitious growth plans.

In addition to Ball's appointment, David Garratt has been named as the new Chief Financial Officer (CFO) and Corporate Secretary. Garratt comes with a wealth of experience, having worked in various financial leadership roles in public mining companies. He served as the CFO for Cordoba Minerals Corp. and Kaizen Discovery Inc., showing proven expertise in facilitating companies’ transitions from exploration into production. His notable education includes a Bachelor of Applied Science in Geological Engineering from the University of British Columbia, enhancing his understanding of the technical aspects of mining operations.

Both appointments signify Thesis Gold's firm commitment to strengthening its leadership as it aims to advance its Lawyers-Ranch Gold Project through the pre-feasibility and feasibility stages, ensuring a solid foundation for future developments.

Acknowledging Change and Previous Contributions

As part of this transition, Thesis Gold has also announced that Nick Stajduhar has stepped down from his position on the Board, but he will continue his contributions to the company as Vice President of Corporate Development. This ensures continuity in the company’s corporate strategy while allowing for fresh input at the board level. Sean Mager, the previous CFO, has also stepped down, signifying a complete overhaul of the financial oversight at the company.

Ewan Webster, President and CEO of Thesis Gold, expressed enthusiasm regarding the new appointments, emphasizing the seasoned experience that both Ball and Garratt bring to the table. “Russell brings deep board and executive-level experience from some of the most respected names in mining, and David adds strong financial leadership and sector expertise that will be instrumental as we advance our development plans,” stated Webster. This leadership shift is expected to not only invigorate the corporate culture but also propel Thesis Gold towards its strategic objectives more effectively.

Thesis Gold's Vision and Future Prospects

Thesis Gold is focused on optimizing its 100% owned Lawyers-Ranch Project, situated in British Columbia's rich Toodoggone Mining District, an area known for its prolific mineral deposits. The company has recently completed a Preliminary Economic Assessment (PEA) that highlighted robust economics of the project with a 35.2% after-tax Internal Rate of Return (IRR) and an after-tax Net Present Value (NPV) of C$1.28 billion. These impressive metrics present a compelling case for potential investors and stakeholders, guiding Thesis Gold in its pursuit of elevating the Lawyers-Ranch Project on the global precious metals stage.

Looking ahead into 2025, Thesis Gold has outlined a comprehensive roadmap that includes a strong exploration and drill program alongside the delivery of a Pre-Feasibility Study and progress in the Environmental Impact Assessment Process. These strategic undertakings will not only position the company for imminent success but will also showcase its dedicated approach to responsible and sustainable mining.

Indications from company leadership suggest that with the infusion of new talents in critical leadership roles, Thesis Gold is poised to make significant strides in the mining sector. The new appointments are reflected in the company's ongoing commitment to operational excellence and value creation, ensuring stakeholders can count on a focused and skilled leadership team guiding the way forward.

In conclusion, Thesis Gold’s recent leadership changes reflect a potential turning point in its operational strategy, emphasizing the importance of expertise and vision in achieving its ambitious project goals. With the new board and management in place, the company is well-positioned to navigate the complexities of the mining industry and deliver on its promise to unlock the value of its resources in the future.