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31 October 2021 THOTA GOLD MINES ASX ANNOUNCEMENT QUARTERLY REPORT 1 July to 30 September 2021 Theta Gold Mines Limited ( “ Theta Gold ” or “ Company ” ) ( ASX : TGM | OTC : TGMGF ) is pleased to report on its activities for the period from 1 July to 30 September 2021 . HIGHLIGHTS DURING THE QUARTER – Q1 FY 2022 • Extensive underground sampling program underway • • Data acquired is to be applied to Definitive Feasibility Study ( DFS ) which is progressing to plan On 7 September Minxcon was appointed as the Mine design engineer for the TGME underground project with expected DFS completion for Beta , Frankfort , CDM and Rietfontein by the First quarter of 2022 Figure 1 : Frankfort underground trial mining drilling Theta Gold Mines Limited ABN 30 131 758 177 Suite 80 , Level 35 ( Servcorp ) , International Tower One , 100 Barangaroo Avenue , Sydney NSW 2000 Tel : +61 2 8046 7584 Email : info@thetagoldmines.com www.thetagoldmines.com