Thesis Gold

Thesis Gold Inc. is a resource development company focused on unlocking the potential of its 100% owned Lawyers-Ranch Project, located in British Columbia’s prolific Toodoggone Mining District. A 2024 Preliminary Economic Assessment highlights robust project economics, including a 35.2% after-tax IRR and an after-tax NPV5% of C$1.28 billion, demonstrating the potential for significant value creation.

The Company’s 2025 roadmap includes a robust exploration and drill program, delivery of a Pre-Feasibility Study on the combined Lawyers-Ranch Project, and commencement of the Environmental Impact Assessment process. Through these strategic plan, Thesis Gold intends to elevate the Lawyers-Ranch Project to the forefront of global precious metals ventures.

Management Profile

Ewan Webster PhD., P.Geo, President, CEO & Director

Dr. Webster brings over a decade of expertise in mineral exploration and capital markets, with a proven track record of driving project success across the Americas. Since joining the Lawyers-Ranch project as Chief Geologist in 2018, Dr. Webster has played a pivotal role in advancing the project to a 4.7 Moz AuEq resource, delivering a robust Preliminary Economic Assessment (PEA), and facilitating over $100M in capital raises.

Dr. Webster holds a First-Class Honours degree in Geology from the University of Glasgow and a Ph.D. in Geoscience from the University of Calgary. He is also a registered Professional Geoscientist (P.Geo.) with Engineers and Geoscientists British Columbia (EGBC).

With a combination of technical expertise and strategic vision, Dr. Webster continues to drive innovation and growth within the mineral exploration sector.

What is your rationale for taking part in 121 Mining Investment?

We are looking for access to new investors interested in an advanced gold/silver project in a safe jurisdiction and with a clear path to development - Construction decision is expected in 2027/2028.

We are well financed through PFS and in to FS stage.

What recent news would you like to highlight to investors attending?

• October 6 - Thesis drills 89.3 metres of 1.10 g/t gold to extend mineralization at the Bingo Zone
• September 22 - Thesis announced an equity investment in the Company by the Kwadacha, Tsay Keh Dene, and Takla First Nations

What are your key goals for the next 3, 6 and 12 months?

3 Months

• Lawyers-Ranch PFS to be released in Q4 2025, including new Mineral Resource Estimate (including upgrade of Mineral Resources to Mineral Reserves)
• Environmental Assessment process to start in Q4 2025
• Results of 2025 exploration program

6 Months

Lawyers-Ranch FS to start in 2026

12 Months

Advance Lawyers-Ranch Environmental Assessment process and finalize the Feasibility Report.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Market conditions - in particular economic headwinds in North America

What do you think makes your company such a compelling investment?

Lawyers-Ranch is located in the Toodoggone District, one of the best mining jurisdictions in North America, in a mineral district that is geologically similar to the Golden Triangle, but has not received the same attention and exploration dollars. Several recent discoveries by Amarc Resources and TDG Gold highlight the exploration potential of the Lawyers-Ranch project.

Lawyers-Ranch is the most advanced project in the Toodoggone District. It is located only 45 kilometres north of Centerra's fully-permitted Kemess mine.

What are the top 3 key investor takeaways?

1. Advanced gold/silver project with a world-class multi-million ounce resource, with significant exploration upside in a tier 1 jurisdiction that is receiving a lot of interest by investors and gold-silver mid-tier and large producers.