20:09:41 EDT Thu 03 Sep 2026
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Thistle Resources Inc
Symbol TRCG
Shares Issued 60,658,093
Close 2026-09-03 C$ 0.18
Market Cap C$ 10,918,457
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Thistle starts 3,000 m drill program at Middle River

2026-09-03 18:34 ET - News Release

Mr. Gary Lohman reports

THISTLE RESOURCES COMMENCES ITS 3000M DRILL PROGRAM AT ITS MIDDLE RIVER GOLD PROJECT IN THE BATHURST MINING CAMP, NB

Thistle Resources Inc. has initiated their Middle River gold project's 3,000-metre drill program. The drill rig is onsite and set up on its first drill pad. The phase 3 drill program will continue to drill the MRG Upper zone expanding the previous two highly successful drill programs that returned very strong gold intersections (Table 1 to 2). This is the first area along a seven-kilometre mineralized fold system, identified by Abitibi Geophysics' 3-D Orion Vision technology.

Gary Lohman, PGeo, chief operating officer and vice-president, exploration -- director, stated: "This is a much-anticipated drill program aimed at expanding the footprint of the Middle River gold deposit while also testing the depth potential of the system. With the integration of the historic drill information with the Thistle data including extensive geophysics and drilling, we anticipate a successful campaign as we expand on previous results and test new targets outside on the flanks of the known mineralized body."

Patrick J. Cruickshank, MBA, president and chief executive officer -- director, stated: "We are thrilled to have started on our new 3,000 m drill program at our flagship Middle River gold deposit. We look to increase the deposit's footprint towards our 2 Moz goal. We have seven km of identified high-priority mineralized folds on our property target area, identified by Abitibi Geophysics 3D Orion Technology. It also has identified a new untested lower zone at 400 metres below. Our 3-D model will assist in determining an updated NI 43-101 and defining the size and scale of this system. We look forward to keeping everyone up to date and announcing our 1st drill results."

Qualified person

The technical and scientific information in this news release has been reviewed and approved by Gary Lohman, PGeo, chief operating officer and vice-president, exploration, of Thistle Resources and a qualified person as defined by National Instrument 43-101. Mr. Lohman is not independent of the company.

About Thistle Resources Inc.

Thistle Resources is a Canadian precious metals and critical minerals exploration company operating in the world-famous Bathurst mining camp of New Brunswick, one of Canada's most prolific mining districts. The never-drilled Brunswick antimony project offers blue-sky potential -- a high-grade antimony-silver-gold discovery less than 1,000 metres from the past-producing Brunswick No. 12 mine boundary. At the flagship Middle River gold project, phase 1 and 2 drilling has confirmed gold mineralization from surface to 130 metres along a section of a seven-kilometre trend of mineralized folds, with an untested deeper zone from 400 metres and phase 3 ahead. The portfolio also includes the Middle River VMS (volcanogenic massive sulphide), Alba Forks gold and Celtic Highland gold projects. With exploration planned across both flagships in 2026, Thistle is advancing two discovery stories in a single district.

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