Thunder Gold Corp. (TSX-V: TGOL) (FSE: Z25) (OTCQB: TGOLF) is pleased to announce that investors, including management, have exercised a total of 10,229,163 share purchase warrants at an exercise price of $0.10 per Warrant and 1,041,665 broker compensation options at an exercise price of $0.06 per option, for aggregate gross proceeds of CDN$1,085,416. The Warrants and broker compensation options were issued pursuant to the Company’s private placement on January 24, 2025.

Wes Hanson, President and CEO, states, “I am very pleased at the continued support and confidence shown from our long-term shareholders. The warrant exercises further strengthen our balance sheet as we continue to focus on demonstrating the tremendous potential at Tower Mountain. We remain on track to commence our resource definition drill program next week, in order to convert Inferred Resources to Indicated Resources. This increases the degree of confidence in the gold property. We expect to complete this drill program by the end of September in advance of an updated MRE.”

Qualified Person

Technical information in this news release has been reviewed and approved by Wes Hanson, P.Geo., President and CEO of Thunder Gold Corp., who is a Qualified Person under the definitions established by NI 43-101.

About the Tower Mountain Gold Property

The 7,625 hectare, 100%-owned Tower Mountain Property is beside the Trans-Canada highway, 40-km west of Thunder Bay, Ontario (pop. 110,000). Gold mineralization occurs in variably brecciated and altered rocks surrounding the calc-alkalic Tower Mountain Intrusive Complex. Drilling to date has established an initial mineral resource of 514,000 ozs (Indicated) with an additional 3,053,000 ozs (Inferred), parallel to the western contact of the intrusion. The remaining 75% of the contact demonstrates similar geology, alteration, and geophysical signatures and is untested by drilling. A second gold trend, identified at surface in 2026, outcrops at surface and is continuously mineralized over 100 metre width. The gold mineralization occurs within Timiskaming-type conglomerates that can be traced along a southwest trend for over 5.0 kilometres. Both targets offer opportunity to materially increase the total resource through systematic drilling.

About Thunder Gold Corp.

Thunder Gold is advancing the Tower Mountain project in Thunder Bay, Ont. — an emerging gold system with the scale, consistency and quality to support a long-life, open-pit operation. Results from the disciplined drill programs have consistently reinforced confidence in the continuity and predictability of the discovery while highlighting significant potential for expansion across multiple zones of the Tower Mountain intrusive complex. With industry-leading drilling costs, existing infrastructure and a skilled local work force, Tower Mountain represents a rare combination of size, scalability and cost-effective growth.

At Thunder Gold, our vision is clear: to unlock a discovery that has the potential to become a transformational gold project, delivering long-term value for shareholders while contributing to the future of Canada’s mining industry.