Thesis Gold Investor Presentation July 2021

1. CORPORATE PRESENTATION JULY 2021
RANCH GOLD PROJECT
THESISGOLD.COM
DELINEATING THE RESOURCE POTENTIAL OF
THE RANCH GOLD PROJECT

2. 2 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM
Disclaimer
Forward Looking Statements:
Certain statements and/or graphics in the Company’s press releases, web site information and corporate displays, among others, constitute “forward-looking statements”. These
statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations.
Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or
management expects a stated condition or result to occur. Forward-looking statements may be identified by terms such as “believes”, “anticipates”, “expects”, “estimates”, “may”,
“could”, “would”, “will”, or “plan”, or their conditional or future forms. Since forward-looking statements are based on assumptions and address future events and conditions, by their
very nature they involve inherentrisks and uncertainties.
Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s
financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions
and conditions in the financial markets; changes in demand and prices for minerals ; litigation, legislative, environmental and other judicial, regulatory, political and competitive
developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this presentation. This list is
not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not
place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward looking statement that may be made from time to
time by the Company or on its behalf, except if required to do so by applicable securities laws. You are cautioned not to place any undue reliance on any forward-looking
statement.
Forward Looking Statements or Information Relatedto Exploration:
Relating to exploration, the identification of exploration targets and any implied future investigation of such targets on the basis of specific geological, geochemical and
geophysical evidence or trends are future-looking and subject to a variety of possible outcomes which may or may not include the discovery, or extension, or termination of
mineralization. Further, areas around known mineralized intersections or surface showings may be marked by wording such as “open”, “untested”, “possible extension” or
“exploration potential” or by symbols such as “?”. Such wording or symbols should not be construed as a certainty that mineralization continues or that the character of
mineralization (e.g. grade or thickness) will remain consistent from a known and measured data point. The key risks related to exploration in general are that chances of
identifying economical reserves are extremely small.
The presentation contains historical exploration data that have not been verified by Thesis Gold and may not be accurate or complete, and therefore the information should not be
relied upon.
Michael Dufresne, M.Sc., P.Geol., P.Geo., serves as a Technical Advisor and is the Qualified Person, as defined by National Instrument 43-101, responsible for reviewing and approving
the technical content of all materials publicly disclosed by Thesis Gold Inc.,including the contents ofthis presentation.

3. 3 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM
Investment Opportunity
RANCH
GOLD
PROJECT
VANCOUVER
• Ranch Project located in British Columbia’s prolific
“Golden Horseshoe”
• 20+ highly prospective near surface gold-copper targets
• Historical high-grade drill results: 29.9 g/t Au over
25.60m
• Aggressive 20-thousand-metre drill program
commencing July through September/2021
• Oversubscribed $18.4 million financing (June/21)
• Team has a history of success
• Team aligned with shareholders ~ 25% ownership
• Solid institutional support ~ 60% ownership
• Tight share structure – 55.5 million issued
• Focused on short term results

4. 4 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM
RANCH GOLD & SILVER PROJECT
• Located in the prolific Golden Horseshoe
• Developing substantial resource potential
• Proven and profitable mining jurisdiction
• 21 known near surface epithermal gold deposits and
prospects
• 35,500 m of core drilling in 433 holes and development of
3 small open pits; 10,000 oz gold produced
• Average drilling <100m, zones remain open along strike
and at depth
• Potential link to deeper porphyry system
• 90% of the 178 km2 property is underexplored – additional
discovery potential
Ranch Gold Project

5. 5 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM
RANCH
LAWYERS
KEMESS
RED CHRIS
GT GOLD
ESKAY
BRUCE JACK
RED MOUNTAIN
ANYOX
BRONSON
BOWSER BASIN
STIKINIA
EPITHERMAL
PORPHYRY
Located in British Columbia’s prolific ‘GOLDEN HORSESHOE’
PREMIER

6. 6 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM
The Geological Model – High Sulphidation Epithermal System
Stratigraphy
The Ranch property is predominantly underlain by a shallow northwest-
dipping sequence of volcanic and sedimentary rocks of the Lower
Jurassic Toodoggone Formation.
Structure
NW-NNW trending fault and fracture system that acted as conduits for
fluids to migrate and precipitate metals.
Alteration
Alteration on the Ranch property is of the high-sulphidation (acid-
sulphate) epithermal type, characterized by widespread argillization
and silicification of andesite-dacite hosts rocks. Gold mineralization
is hosted by silica-sulphate and silica-sulphide bodies flanked by
argillicly altered zones.
Mineralization
Principal ore minerals include argentite, electrum, native gold and
silver and lesser chalcopyrite, galena and sphalerite.
Generalized cross section of the Toodoggone district

7. 7 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM
Excellent Exploration Potential

8. 8 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM
Historical Drill Summary
ZONE High-Grade Intercepts* Bulk-Tonnage Intercepts*
BONANZA
223 DDH;
18,778 m;
25.9 g/t Au over 19.40 m 6.58 g/t Au over 78.27 m
29.9 g/t Au over 25.60 m 14.42 g/t Au over 49.11 m
THESIS III
70 DDH;
4,667 m;
26.48 g/t Au over 11.00 m 7.20 g/t Au over 48.30 m
16.39 g/t Au over 8.26 m 4.94 g/t Au over 39.98 m
THESIS II
14 DDH;
2278 m;
9.78 g/t Au over 7.00 m 2.36 g/t Au over 49.12 m
5.12 g/t Au over 6.51 m 2.15 g/t Au over 36.27 m
BV
48 DDH;
1545 m;
39.83 g/t Au over 4.00 m 7.15 g/t Au over 24.00 m
8.11 g/t Au over 10.30 m 3.51 g/t Au over 28.01 m
*Drill core length - true thickness not known

9. 9 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM
The Thesis Structural Corridor >4km long trend
• Most holes are under 100 m
• Many holes end in mineralization
• Mineralization often improves at depth
• Zones are open along strike and at depth
• Zones are spatially associated with a
series of large, linear, magnetic lows
• Large areas between zones have not been
tested
• The fault bounded mineralization and
correlation with magnetic lows is strikingly
similar to Benchmarks Lawyers Project

10. 10 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM
THESIS ll – OPEN IN ALL DIRECTIONS
Metres/Au g/t
MOST HOLES UNDER
100 METRES
MANY HOLES END IN
MINERALIZATION
MINERALIZATION
IMPROVES AT DEPTH
THE MOST
SOUTHEASTERLY HOLE
RETURNED THE BEST
INTERVAL AND WAS
NOT FOLLOWED UP
NE
SW
Cross Section
THESIS III
N
*Drill core length - true thickness not known
0 100 200 m

11. 11 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM
Drill Targeting and Discovery Potential
Thesis developed a
geophysical matrix that
describes gold mineralization
across the Ranch Property
Drilled zones with robust gold
mineralization are
characterized by coincident
• linear magnetic lows,
• strong resistivity, and
• moderate to strong
chargeability responses
Thesis has identified eight
untested target zones within
the 6.65km2 IP survey area
Targets extend from surface
to a vertical depth of over
300 m and can have widths
in excess of 1,000 m
IP Resistivity Response IP Chargeability Response

12. 12 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM
The Next Steps - 2021
DATA COMPILATION -
GEOPHYSICAL SURVEYS -
DRILLING
GEOLOGICAL MAPPING
SOIL & ROCK SAMPLING
RELOGGING AND SAMPLING -
Stage 1
Winter/Spring
Stage 2
Summer
Stage 3
Summer/Fall
INFRASTRUCTURE UPGRADES
PERMITTING -
Completed 2020
Completed 2020
Completed 2021
Awaiting final approval
20,000 metre drill program
beginning July

13. 13 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM
Environment, Social, and Governance
Initiated baseline environmental studies as
part of permitting process
• Wildlife monitoring and mitigation measures
• Environmental monitoring and water
sampling
• These studies will be completed
collaboratively by Sasuchan Environmental
and Chu Cho Environmental, First Nation
consulting companies
Kwadacha Nation
Thesis Gold has established exploration,
engagement and communications agreements
with our partner Nations: Kwadacha Nation, Takla
Nation, Tsay Key Dene, and Tahltan Nation
Thesis is providing, employment, training and
contracting opportunities to our First Nations
partners
The First Nations are actively participating in
project development
Tsay Key Dene

14. 14 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM
Capital Structure
Warrants @ $0.75
TSX.V: TAU
WKN: A2QQ0Y
55.5M
~$23M
Outstanding
Cash
Ticker
12.5M
July 2021
High Net Worth
& Retail
Management
Institutional
THESIS SHAREHOLDERS

15. 15 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM
Management & Directors
Ewan Webster, Ph.D., P.Geo. – President, CEO & Director
Ewan is a seasoned exploration geologist who has worked for several public companies in North and South America. His experience encompasses a variety of different deposit
types, project sizes and phases (ranging from grass roots through to production). He is currently the chief geologist for the Metals Group of Companies and was the former senior
geologist for Benchmark Metals (BNCH: TSX.V). Ewan holds a First-Class Honours degree in geology from the University of Glasgow, Scotland, a Geoscience B.C funded PhD from the
University of Calgary and is a registered professional geoscientist in British Columbia. His PhD research focused on unraveling aspects of the structure, stratigraphy, tectonics, and
metamorphism of southeastern British Columbia.
Justin Bourassa – CFO
Justin is an entrepreneur and finance professional with more than sixteen years of global experience in the management, governance, and reporting of private and publicly-listed
mineral exploration and mining companies operating worldwide. Mr. Bourassa is also the principal at a corporate services provider with the unique ability to manage and lead
productivity efficiently through complex and challenging scenarios. He is bilingual in French and English.
Roy Bonnell, M.Sc., MBA – Chairman & Director
Roy is an entrepreneurial businessman who has founded and held executive roles such as Chairman, CEO, and Directorships of numerous capital, exploration and technology
companies over the last 26 years. Early in his career he held the position of legal counsel for a company that listed on the NYSE. In 1996, Roy became a member in good standing of
the Law Society of Upper Canada and holds a B.A. (Honours) from Queen's University, an M.Sc. in Accounting and Finance from the London School of Economics, an M.B.A. from McGill
University, and a Law Degree from the University of Western Ontario.
Nicholas Stajduhar – Director
Nick is an accomplished financial industry professional with 15 years of experience in all aspects of sales and operations. Nick has a proven track record of capital raising, is a highly
knowledgeable market professional with strong communication and client relationship skills.
Douglas Sarkissian – Director
Mr. Sarkissian assumed the role of president of Guardsmen Resources Inc. in August 2018. Guardsmen is a 30 year old private mineral exploration company focused on British
Columbia. Previously, he was an investment advisor with Wood Gundy in Toronto and Calgary. He has experience as part of a management team that put a mineral property near
Helena Montana into production, opening old workings, establishing a mill and enabling delivery of concentrates to the Asarco smelter in Helena. Subsequently, he became a
lawyer, initially practicing with Swinton & Company in their securities department in Vancouver. For the past 35 years he worked as a lawyer in his boutique law firm in West
Vancouver, British Columbia. During that time his practise was engaged, among others, by several corporate and securities interested business ventures.
James Xiang - Director
Mr. Xiang led the acquisition of the Quebec Lithium project and was the Chief Executive Officer of North American Lithium (July 2016 to March 2018). In addition, Mr. Xiang
served as director for several TSX and US-listed companies, and has served as a director and CFO for several TSX and US-listed companies since 2005. Mr. Xiang is the Chief
Executive Officer and a director of Jien International Investment Ltd. and has managed its $1.6 billion asset in Canada since 2013. Prior to his engagement with Jien, Mr. Xiang
was the President of China Mineral Resources Limited, a company that provided investment and financial advisory services to Chinese companies seeking to list, finance or
transact on M&A opportunities in North America. Mr. Xiang holds CPA (Delaware) since 2004 and has a Bachelor of Economics from Huazhong University of Science &
Technology in China (1993) and a Masters of Business Administration from York University (2003).

16. 16 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM
TRACK RECORD AND TEAM
• Experienced team with decades of mining experience
• Operated by the Metals Group of Companies
Value Proposition
OPPORTUNITY
• Proven and profitable mining jurisdiction
• Developing substantial resource potential
• 21 known near surface epithermal gold deposits
and prospects
• Potential link to deeper porphyry system
• Average drilling <100m, zones remain open
along strike and at depth
• Large historical dataset
• 90% of the 178 km2 property is underexplored –
additional discovery potential

17. 17
Vancouver Office
1111 West Hasting Street,
Suite 780
Vancouver, BC
Canada, V6E 2J3
Ewan Webster
President, CEO & Director
ewanw@thesisgold.com
Nick Stajduhar
Business Development & Director
nicks@thesisgold.com
Dave Burwell
VP, The Howard Group
dave@howardgroupinc.com