Thesis Gold & Silver Commences 2026 Exploration and Project Advancement Programs at Lawyers-Ranch Project

About this update from Thesis Gold & Silver Inc.

VANCOUVER, BC, June 17, 2026 /CNW/ - Thesis Gold & Silver Inc. ("Thesis", or the "Company") (TSXV: TAU) (OTCQX: THSGF) (WKN: A422AH) is pleased to announce that the 2026 exploration and project advancement programs are now underway at the Lawyers-Ranch Project, located in British Columbia's prolific Toodoggone Mining District. The 2026 program is focused on three key objectives: The FS will build on the Prefeasibility Study ("PFS")1 announced in December 2025 that outlined an open pit and underground operation with a 15-year mine life, an after-tax NPV5% of C$2.37 billion, an after-tax IRR of 54.4% and a payback period of 1.1 years. The PFS base case assumed gold and silver prices of US$2,900/troy ounce (oz) and US$35/oz, respectively (see news release dated December 1, 2025 entitled "Thesis Gold Announces Positive Prefeasibility Study for Lawyers-Ranch Project: After-Tax NPV5% of $2.37 Billion and 54.4% IRR".) In 2026, the Company plans to complete approximately 20,000 metres ("m") of drilling, including approximately 12,000 m focused on exploration targets at Ranch and Ranch East, and approximately 8,000 m of geotechnical, hydrogeological, metallurgical, and geochemical drilling designed to support this FS. 2026 Exploration Program Focus The exploration program will focus on expanding high-grade gold and silver mineralization at Ranch and following up on promising porphyry targets identified during the 2025 exploration program at Ranch and Ranch East (Figure 1). Figure 1 (A) Overview Map of Ranch-Lawyers Project, (B) Geology Map of Ranch East, and (C) Overview Map of Ranch. Dr. Ewan Webster, President and CEO, commented, "With a very positive Prefeasibility Study completed and the Environmental Assessment process well underway, 2026 will be an important year in advancing Lawyers-Ranch toward development. This year's program is designed to support multiple value drivers for the project, including key engineering and technical studies supporting the Feasibility Study, expansion of known high-grade gold mineralization at Ranch, and continued evaluation of the significant porphyry potential across our broader land package. The Steve Zone remains one of the most exciting exploration opportunities within the Ranch Project. Recent drilling has demonstrated the presence of high-grade gold minera...

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