Thesis Gold Commences Environmental Assessment Process for the Lawyers-Ranch Project
Thesis Gold Inc.
1075 West Georgia, Suite 1050
Vancouver, BC
Canada, V6E 3C9
Thesis Gold Commences Environmental Assessment Process for the
Lawyers-Ranch Project
Vancouver, British Columbia -- (December 10, 2025) – Thesis Gold Inc. ("Thesis" or the "Company")
(TSXV: TAU | WKN: A3EP87 | OTCQX: THSGF) is pleased to announce that it has initi ated the
Environmental Assessment (“EA”) and permitting process for the 100% -owned Lawyers -Ranch Gold -
Silver Project (“Lawyers -Ranch” or the “Project”) at both the provincial and federal levels. Concurrent
submission of an Initial Project Description (“IPD”) and Engagement Plan (“EP”) to the British Columbia
Environmental Assessment Office (“EAO”), and the IPD and a Plain Language Summary (“PLS”) to the
Impact Assessment Agency of Canada (“IAAC”) marks the beginning of the permitting process, and an
important milestone for Thesis and the Lawyers-Ranch Project.
The IPD outlines the Company’s plans to develop and operate the Lawyers-Ranch Project. L ocated
approximately 450 kilometres (km) north-northwest of the City of Prince George, and 275 km north of the
Town of Smithers , the Project partially overlaps with the traditional territories of the Kwadacha Nation,
Tsay Keh Dene Nation, Takla Nation, and Tahltan Nation (the “Nations”).
Thesis is committed to meaningful Indigenous engagement and public participation throughout the EA and
permitting processes. Since acquiring the Project in 2018, the Company has built strong, collaborative
relationships with the Nations through agreements, co-design initiatives, and most recently, through direct
equity ownership. Following the successful completion of the recent financing, Kwadacha Nation, Tsay
Keh Dene Nation, and Takla Nation have become shareholders in Thesis, aligning their interests with the
Project’s long-term success.
Dr. Ewan Webster, President & CEO commented, “The submission of the IPD marks a key milestone in
advancing the Lawyers-Ranch Project through the permitting process and reflects our shared commitment
to developing a project that delivers lasting benefits for all stakeholders. We look forward to contin ued
collaboration with Indigenous partners, local communities, and government regulators as we advance the
Project in accordance with the highest environmental and social standards. With both the provincial and
federal governments placing a strong emphasis on improving permitting efficiency and recognizing the
critical role of responsible resource development in B.C.’s economy, this is an ideal time for Thesis to be
commencing this next phase of the process.”
On behalf of the Board of Directors,
Thesis Gold Inc.,
"Ewan Webster"
Ewan Webster Ph.D., P. Geo.
President, CEO, and Director
About Thesis Gold Inc.
Thesis Gold Inc. is a resource development company focused on unlocking the full potential of its 100% -
owned Lawyers-Ranch Gold-Silver Project, located in British Columbia’s prolific Toodoggone Mining
District. The recently published Prefeasibility Study outlines robust project economics, including a 54.4%
after-tax IRR and an after -tax NPV5% of C$2.37 billion (at US$2,900/oz Au and US$35/oz Ag),
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underscoring the Project’s strong value -creation potential. The Company has commenced the
Environmental Assessment Process and plans to initiate a Feasibility Study in 2026 to further advance and
de-risk the Project. Through these milestones, Thesis Gold is working to elevate the Lawyers-Ranch Project
to the forefront of global precious metals development.
For further information or investor relations inquiries, please contact:
Kettina Cordero
Vice President Investor Relations
Email: [email protected]
Tel: +1 672-910-0026
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this press release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward -looking information" within the meaning of applicable Canadian
securities legislation. Forward-looking information includes, without limitation, statements regarding the
ongoing permitting process, plans to develop and operate the Lawyers -Ranch Project, Indigenous
engagement and public participation throughout the EA and permitting processes, project development,
lasting stakeholder benefits, collaboration with Indigenous partners and Project advancement. Generally,
forward-looking information can be identified by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking statements are necessarily based upon a number of assumptions tha t, while
considered reasonable by management, are inherently subject to business, market, and economic risks,
uncertainties, and contingencies that may cause actual results, performance, or achievements to be
materially different from those expressed or implied by forward-looking statements. In making the forward-
looking statements, the Company has assumed it will be able to satisfy the requirements of the IPD, EP and
PLS, has or will have adequate resources to support these applications including respecting those outlined
in the IPD and will be able to ensure necessary associated compliance. Although the Company has
attempted to identify important factors that could cause actual results to differ materially from those
contained in forward -looking informatio n, there may be other factors that cause results not to be as
anticipated, estimated, or intended. There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward -looking information. Other
risks which could materially affect such forward-looking information include those with respect to delays
to the submission of the IPD, EP and P LS as well as related approval processes including that approval
may not be obtained when anticipated or at all, non -compliance, consultation, technical and data, social
and stakeholder, financial and economic, operational and strategic, political and governance, climate and
sustainability, development and operational delays including the availability of necessary funding and
potential disruptions related to development, as well as the risk factors in the Company's most recent annual
management's discussion and analysis, which is available on the Company's profile on SEDAR+ at
www.sedarplus.ca. The Company does not undertake to update any forward-looking information, except in
accordance with applicable securities laws.