Thesis Gold Inc. announced Thesis 3 zone assay results from the Company's 2022 drill program at the Ranch Gold Project in British Columbia's Toodoggone mining district. Drill hole 22TH3DD015 returned 95.70 metres (m) core length of 1.60 grams per tonne gold (g/t Au) including 17.00 m of 2.82 g/t Au within the recently discovered Western Zone. Drill hole 22TH3DD020 returned 48.73 m of 2.16 g/t Au including 11.76 m of 3.63 g/t Au.

Drilling at Thesis 3 indicates broad, steeply-dipping, parallel, zones of fault-controlled epithermal gold mineralization. Mineralization now extends to over 250 m strike length, more than 250 m vertical depth, and remains open along strike to the NW and SE. The structures controlling mineralization within the Thesis Structural Corridor extend along strike for over 1.5 km and include the Bingo and Thesis 2 Zones.

Assays are pending for additional drilling between the Bingo, Thesis 2, & Thesis 3 zones where alteration similar to known gold mineralization suggests a potential link between all three zones. The Thesis Structural Corridor comprises the Thesis 2, Thesis 3, and Bingo zones. The Corridor is characterized by a km-scale NW-SE trending magnetic low that is crosscut by numerous NE and N-S trending structures.

Drilling at Thesis 3 continues to return broad intervals of epithermal gold mineralization within leached and vuggy silica-altered andesitic volcanic rocks that often coincide with northwest oriented faults. The broad magnetic low and significant intervals of argillic- and silicic-altered volcanic rocks at the Thesis Structural Corridor are likely a representation of prolonged fluid flow and host rock alteration along faults and fractures that acted as fluid pathways at the time of gold mineralization.