Slide 1: Unlocking the Gold-Silver Potential of a Unified Toodoggone District
CORPORATE PRESENTATION | AUGUST 2023 Unlocking the GOLD-SILVER TSX-V TAU POTENTIAL of a Unified Toodoggone District, northern BRITISH COLUMBIA
Slide 2: Disclaimer and Cautionary Notes
DISCLAIMER AND CAUTIONARY NOTES FORWARD-LOOKING STATEMENTS MINERAL RESERVE AND RESOURCE ESTIMATES This presentation contains “forward-looking information” within the meaning of Thesis is a reporting issuer in Canada and is required to discuss mineralization www.sedarplus.ca under Thesis’ issuer prof
Slide 3: Accelerating Growth in BC's Next Major Mining District – The Toodoggone
ACCELERATING GROWTH IN BC’S NEXT MAJOR MINING DISTRICT – THE TOODOGGONE N Prominent Gold-Silver projects in Canada TECK Toodoggone District with significant growth potential Schaft Creek NEWCREST TECK/NEWMONT Galore Creek Red Chris THESIS GOLD NEWMONT Tatogga FREEPORT McMORAN/ AMARC RESOURCES CENTER
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Share Structure Shareholder Summary 2 Post Transaction Financing 1 66% 30% INSTITUTIONAL PUBLIC/ OTHER Basic Shares Outstanding 161.7 Analyst Coverage Clarus | Cormark | PI | SCP Fully Diluted 1 167.5 Largest Shareholders Equinox | Delbrook | Merk | Franklin | VanEck 4% INSIDERS 1
Slide 5: Excellent Access to Infrastructure and Power
EXCELLENT ACCESS TO INFRASTRUCTURE AND POWER Road from Prince George provides year-round access Ranch BRITISH COLUMBIA Project Sturdee Airstrip provides flight access from regional Thesis Gold Projects Lawyers airports at Terrace, Smithers, Project and Prince George Smithers Mackenzie Only 45km NW o
Slide 6: Lawyers Project Overview
LAWYERS PROJECT OVERVIEW 12-Year LOM US$ 786/ Au oz 1,950 Koz / C$589M 2.8-year at an average LOM AISC 163 Koz AuEq After Tax NPV 5% Payback head-grade of (net of byproducts) Total / Avg. LOM 24.1% After-Tax 1.47 g/t AuEq Production After Tax IRR August 2022 PEA indicates a long mine life, capital
Slide 7: Strong Foundation – Path to Growth
STRONG FOUNDATION – PATH TO GROWTH Opportunity to introduce high grade Au and Ag in earlier stages of the mine schedule Lawyers PEA Annual Payable Metal 200 TARGET Payable Metal (AuEq* Koz) 150 100 50 - Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 Y11 Y12 * Metal price parameters of US$1,735 per ounce of gold and
Slide 8: Strategy for Growth and Value Creation
STRATEGY FOR GROWTH AND VALUE CREATION Define Lawyers Define Ranch Lawyers PEA New Combined Exploration Underground Open Pit Summary PEA Upside Ounces Ounces New Combined Resource 20+ High-Quality Drill-Ready Targeting Exploration Targets Increased production Underground Open-Pit High grade starter
Slide 9: Lawyers 2022 Mineral Resource Estimate
LAWYERS 2022 MINERAL RESOURCE ESTIMATE All Resource Zones Open for Expansion at Depth and Near Surface 2022 Mineral Resource N US $1,700 per gold ounce pit shell Cliff Creek & Dukes Ridge Higher grade near-surface material Starter Pit Areas for indicative starter pits 292koz AuEq | 2.2:1 strip ratio
Slide 10: Lawyers Project 2023 Exploration Program
LAWYERS PROJECT 2023 EXPLORATION PROGRAM 2 0,000 metre drill program F ocusing on expanding the resources beneath the Cliffs Creek and Dukes Ridge deposits T argeting: 300,000 – 500,000 oz @ 5+ g/t AuEq in potential underground material for an updated PEA 10
Slide 11: Ranch Project Overview
RANCH PROJECT OVERVIEW 100% 180 km2 20+ 90-98% 2023 Owned by Ranch project Near Surface Gold recovery using Drill program Thesis Gold epithermal gold only flotation ongoing deposits & prospects Confirmed near-surface high-grade gold * Zones that have had mineralization over broad intervals N past go
Slide 12: Ranch Target – Bonanza-Ridge Zone
RANCH TARGET – BONANZA-RIDGE ZONE Minimum Mineralized Combined Strike Length of 1.5 km NW 15.50 g/t SE BONANZA-RIDGE ZONE A 3.35 g/t 3.38 g/t 3.00 g/t 20.50 g/t 22RDGDD012 A' N 21RDGDD006 22RDGDD013 22BNZDD008 22RDGDD037 22BNZDD004 22RDGDD004 - 1,700 m 22BNZDD003 22RDGDD047 17.52 m @ 3.75 g/t AuEq 9
Slide 13: Ranch Target – Thesis Structural Corridor
RANCH TARGET – THESIS STRUCTURAL CORRIDOR Extends to over 1.5 km of Strike Length N 22BNGDD009 22BNGDD007 21TH3DD0013 21TH3DD005 22TH2DD012 22TH2DD003 50.30 m @ 1.86 g/t Au 34.90 m @ 1.30 g/t Au 81.13 m @ 1.32 g/t Au 33.13 m @ 17.49 g/t Au 8.79 m @ 11.97 g/t Au 41.46 m @ 1.15 g/t Au Incl. 4.20 m @ 2
Slide 14: Ranch Target – Steve Zone
RANCH TARGET – STEVE ZONE Gold Mineralization Down to >400 Metres & Remains Open at Depth W 1.15 g/t 0.78 g/t 2.91 g/t 2.70 g/t E BV THESIS BONANZA- 1.30 g/t STRUCTURAL RIDGE N 0.53 g/t - 1,700 m CORRIDOR 22STVDD001 - 1,650 m 2023 Drill Holes - 1,600 m - 1,550m Logged Alteration Gold Vuggy Silica 0.
Slide 15: Ranch Project 2023 Exploration Program
RANCH PROJECT 2023 EXPLORATION PROGRAM Near Surface and High Grade Gold Drilling: 30,000 metres Objective I Objective II Objective III Infill and expansion Development and Initial drilling of new resource drilling at expansion of new exploration targets: the Thesis Structural discoveries and Drillin
Slide 16: Management and Board Overview
MANAGEMENT AND BOARD OVERVIEW Ewan Webster Ian Harris Sean Mager CEO and President COO CFO +10 years professional expertise +25 years in mining sector, mining +25 years mining sector, former in the mining industry, specializing engineer. Served as CEO and director CFO & COO at Brilliant Resources in
Slide 17: Environmental, Social, and Governance
ENVIRONMENTAL, SOCIAL, AND GOVERNANCE Together we established exploration, Together we initiated baseline engagement and communications environmental studies as part agreements with our partner Nations of permitting hesis is providing T ildlife monitoring and W employment, training and mitigation me
Slide 18: Project Timelines and Near Term Catalysts
PROJECT TIMELINES AND NEAR TERM CATALYSTS 2023 2024 Q2 Q3 Q4 Q1 Q2 Q3 Q4 UPDATED PEA Focus is to update the PEA Optomizing 2022 PEA evaluating inclusion of evaluating inclusion of ounces from UPDATED RESOURCE Ranch and underground Ranch maiden mining at Lawyers Ranch and underground ounces resource
Slide 19: Vancouver Office
VANCOUVER OFFICE 1111 West Hastings Street, Suite 780 Vancouver, BC, Canada V6E 2J3 EWAN WEBSTER DAVE BURWELL President, CEO & Director Vice President Corporate Development ewanw@thesisgold.com +1 403-604-1982 daveb@thesisgold.com
Slide 20: Pursuing Efficiencies to Reduce CAPEX and Improve OPEX
PURSUING EFFICIENCIES TO REDUCE CAPEX AND IMPROVE OPEX Trade off studies in progress to reduce CAPEX and Waste Rock improve OPEX Storage Facility AGB Pit Waste Power Supply Optimization Optimization Opportunity for improved Trade off studies in placement of waste to progress to reduce CAPEX Cliff Cr