Mr. Eric Jones reports

THUNDER MOUNTAIN GOLD UPDATES PRIVATE PLACEMENT FINANCING

Thunder Mountain Gold Inc., due to continued demand, will increase the size of its previously approved private placement of up to five million units for gross proceeds of up to $250,000 (U.S.) to approximately $400,000 (U.S.), or eight million units. The company anticipates closing the private placement on or before Nov. 24, 2014.

Each unit consists of one share of the company's common stock and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one additional share of common stock of the company at a price of 15 U.S. cents for a period of 18 months from the closing of the private placement. The proceeds raised pursuant to the private placement will be used for exploration and for general working capital.

The company has entered into a selling agreement with a selling agent to market the units on a non-exclusive basis.

Pursuant to the selling agreement, the agent has agreed to sell the units on a non-exclusive, best-efforts basis and will be entitled to compensation in the following form: a cash commission equal to 10 per cent of the price of the units sold by the agent; an additional cash commission of 10 per cent of gross proceeds received from the exercise of warrants issued as part of such units or any other equity investment made by investors introduced by the agent within a 24-month period following closing; and non-transferable broker warrants to purchase a number of additional units equal to 5 per cent of units sold by the agent in the initial offering. The agent warrants will have the same exercise price and otherwise be on the same terms as the warrants. The agent has not committed to purchase any units and accordingly there is no assurance that the offering will be completed.

The private placement remains subject to the approval of the TSX Venture Exchange. The securities issued in the private placement will be subject to a four-month hold period in accordance with the policies of the TSX Venture Exchange and applicable Canadian securities legislation.

We seek Safe Harbor.