Thesis Gold & Silver Receives Confirmation of Substituted Impact Assessment Process for Lawyers-Ranch

About this update from Thesis Gold & Silver Inc.

VANCOUVER, BC, June 26, 2026 /CNW/ - Thesis Gold & Silver Inc. ("Thesis", or the "Company") (TSXV: TAU) (OTCQX: THSGF) (WKN: A422AH) is pleased to announce that it has received confirmation from the Government of Canada that the Impact Assessment ("IA") process for its 100% owned Lawyers-Ranch gold-silver project (the "Project") will be substituted to the Province of British Columbia ("BC"). As a result, BC's Environmental Assessment Office ("EAO") will conduct the IA for Lawyers-Ranch under the Environmental Assessment Act, SBC 2018, C.51 on behalf of the Impact Assessment Agency of Canada ("IAAC"). Dr. Ewan Webster, Thesis' President & CEO, and Director, commented "This is a significant milestone for the Lawyers-Ranch Project and an important step toward a more efficient and coordinated permitting pathway. The substituted process provides greater certainty and clarity as we advance the Project, while maintaining the high environmental, social, and consultation standards expected by all parties. We believe Lawyers-Ranch has the potential to become an important source of precious metals for Canada, generating meaningful benefits for First Nations, local communities, British Columbia, and the country as a whole. We look forward to continuing to work collaboratively with governments, regulators, and Indigenous Nations as we advance toward an environmental assessment decision." The substituted IA process under Canada's IAA is expected to streamline permitting for Lawyers-Ranch by allowing the Province of BC to lead a single, consolidated environmental review in place of parallel federal and provincial assessments, provided federal requirements are met. This "one project, one review" approach is expected to reduce duplication, shorten timelines, and lower administrative burden, while maintaining robust consideration of environmental, social, and Indigenous impacts. By aligning the provincial IA with federal permitting requirements and supporting federal participation and Indigenous consultation, Thesis expects improved coordination, greater regulatory clarity, and reduced uncertainty. Thesis expects an EA decision in early 2029. The Company commenced the Project's Environmental Assessment ("EA") and permitting process on December 10, 2025, at both the provincial and federal levels by submitting an Initial Project Description ("IPD") and Engagemen...

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