Benchmark Metals Inc. and Thesis Gold Inc. have announced a definitive arrangement agreement in which Benchmark will acquire all the issued and outstanding common shares of Thesis. Under the agreement, Thesis shareholders will receive 2.5584 common shares of Benchmark for each Thesis share held. The transaction is expected to create one of the largest precious metals development and exploration companies in the Toodoggone Mining District of British Columbia. It will consolidate Benchmark’s Lawyers project with Thesis’ Ranch Project, enhancing Benchmark’s existing mineral resources and adding high-grade mineralization at Ranch. The combined company will be well-capitalized and have increased access to capital for growth and development plans. The transaction is subject to regulatory and shareholder approvals and is expected to be completed in the third quarter of 2023. Following the completion, the combined company will implement a share consolidation, change its name to ‘Thesis Gold Inc.’, and continue to be listed on the TSX Venture Exchange, Frankfurt Stock Exchange, and OTCQX.