137 Overview Principa l Producing Development  Highlighted Evaluation  Evaluation/Exploration  Mineral Resources and Reserves For more information, please visit: www.thesisgold.com . Lawyers The Lawyers Project is located within the Toodoggone mining district of north- central British Columbia, Canada. The project is owned and operated by Thesis Gold Inc. (“Thesis”), which acquired its interest through a merger with Benchmark Metals Inc. (“Benchmark”), the previous owner of the Lawyers Project, in 2023. Thesis is also owner of the Ranch Project located northwest of and adjacent to the Lawyers Project. Development Update In mid-2022, Benchmark completed a Preliminary Economic Assessment (PEA) for the Lawyers Project, which envisions an open-pit mining operation. Thesis, following its merger with Benchmark, is working to unlock the combined potential of the Lawyers and Ranch Projects. Thesis expects to provide a combined Lawyers-Ranch resource estimate by Q2 2024, which will consider potential underground resources at Lawyers and near-surface, high-grade, open-pit resources at Ranch. A new combined PEA targeting increased production and high- grade starter pits is targeted for completion in Q3 2024. Royal Gold’s Royalty Interest Royal Gold holds a 0.5% net smelter return (NSR) royalty on production from the Lawyers Project. Additionally, Royal Gold holds a right of first offer over a 2.0% NSR royalty on the adjacent Ranch Project. Royal Gold acquired the Lawyers royalty and right of first offer on March 24, 2022. MINER AL RESOURCES AND RESERVES As of June 13, 2022 CONTAINED Au (koz) Ag (koz) AGEOs* (koz) Proven and Probable – – – Measured and Indicated 2,738 52,900 17 Inferred 378 6,200 2 * AGEOs do not consider adjustments that may impact the economic viability of the AGEO interest. See page 9 for a description of AGEO calculation methodology. 1 Source: Thesis, December 2023 Corporate Presentation OPER ATOR Thesis Gold Inc. MINER ALIZATION ST YLE Low-Sulfidation Epithermal Au ROYALT Y 0.5% NSR Royalty YEAR OF ACQUISITION 2022 TERM OF ROYALT Y Life of Mine EXPECTED STARTUP DATE Detail not publicly disclosed by operator. EXPECTED MINE LIFE 12 years 1 CANADA PROJECT OUTLOOK As per the 2022 PEA, the Lawyers Project is expected to produce an average of 136,000 ounces of payable gold and 2.1 million ounces of payable silver per year over its life-of-mine. 1 Sask Alberta British Columbia Yukon Northwest Territories LAWYERS ROYALT Y Acquisition Cost US$M $8.1 Net Book Value US$M $8.1