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Theta Gold Mines Limited (ASX:TGM) Initial Maiden Underground Mining Reserve 419,000 oz Gold    Initial Maiden Underground Mining Reserve 419,000 oz GoldSydney, April 8, 2021 AEST (ABN Newswire) - Theta Gold Mines Limited ( OTCMKTS:TGMGF) is pleased to announce its Maiden Underground Mining Reserve of 419,000 oz gold (2,366 Kt @ 5.49 g/t). In total, the global Mining Reserve is now 580,000 oz gold (4,530 Kt @ 3.98 g/t) (see Table 1 ). The global Mineral Resource (JORC 2012) remains over 6 Moz (45.5 Mt @ 4.17 g/t Au) (see Table 2 ). The Maiden Underground Mining Reserve of 419koz (see Tables 3,4 & 5 ) is a result of a Prefeasibility Study for Beta, Frankfort and CDM mines. All mines are in the Central Northern area and collectively will be referred to as TGME Underground Project (see Figure 1 ). The initial study focused on the easily accessible gold in TGME underground areas for 684 Koz Underground Indicated Resources (see Appendix 1 ). The Indicated Resource converted at a

South africaKwazulu natalNew south walesSouth africanTheta gold mines limitedTheta gold minesDevelopment strategyInitial maiden underground mining reserveMaiden underground mining reserveGold mines limitedMining reserveMineral resourcePre feasibility studyCentral northernUnderground indicated resourcesIndicated resource