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Theta Gold Mines Limited (ASX:TGM) Issue of New Call Options to 2Invest AG
Theta Gold Mines Limited (ASX:TGM) (FRA:3LM) (OTCMKTS:TGMGF) is pleased to announce it has entered into an agreement with 2Invest AG to provide advisory services pursuant to a Corporate Advisory Agreement (the "agreement"), dated 1 September 2022.

Under the agreement, 2Invest AG will provide non-exclusive services in connection with identifying potential development funding investors for its TGME Underground Gold Mine Project. In return, Theta Gold will issue 20,000,000 unlisted call options with an exercise price of $0.12 and expiry date on or before 31 December 2023.

Unlisted options will be issued pursuant to the Company's existing capacity under Listing Rule 7.1.

2Invest AG, a sister company to Delphi / Balaton and Sparton AG from Germany joined the Theta Gold register from July 2021 and currently holds 6.28% of the shares in Theta Gold.

Chairman Mr. Bill Guy commented: "We are pleased to have secured the services of 2Invest AG to assist the Company with securing potential funding partners for its TGME Underground Gold Project. Upon exercise of the new call options the Company would certainly welcome them to increase their equity holding in the Company via exercising the various call options held while the Company is progressing towards construction/production".


2Invest Ag (FRA:2INV) is a listed company based in Heidelberg, Germany that acquires, holds, manages and sells investments in corporations and partnerships in Germany and aboard.

Deutsche Balaton AG (FRA:BBHK), Delphi Unternehmensberatung Aktiengesellshalft AG and associated entities ("The Associates") are controlling shareholders in 2Invest AG. The Associates has a multi-million dollar equity portfolio across the ASX and TSX junior mining/resources sector.

Bill Guy, Chairman 
Theta Gold Mines Limited
T: + 61 2 8046 7584

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