Mr. Bryce Bradley reports

THUNDERSTRUCK PROVIDES UPDATE

Thunderstruck Resources Ltd. is extending the time for completion of its previously announced private placement to Aug. 17, 2023 (see press releases dated July 6 and July 7, 2023). The company completed an initial tranche of the financing on July 7, 2023, raising aggregate gross proceeds of $80,499.90 through the sale of 536,666 units at a price of 15 cents per unit and still intends to raise a further $420,000 through the sale of up to 2.8 million units.

Each unit will comprise one common share and one share purchase warrant. Each whole warrant entitles the holder to acquire an additional common share at a price of 20 cents per share for a period of 36 months. The warrants will be subject to an accelerated expiry provision such that if the closing price of the company's common shares is equal to or greater than 30 cents for a period of 10 consecutive trading days, the company may give notice of the acceleration of the warrants' term to a period of 30 days following such notice.

Proceeds of the placement will be utilized as working capital and for repayment of liabilities. The placement is subject to regulatory approval, including the approval of the TSX Venture Exchange.

About Thunderstruck Resources Ltd.

Thunderstruck is a Canadian mineral exploration company focused on the discovery of high-value gold-silver epithermal and copper-gold porphyry deposits on the main island of Viti Levu in Fiji.

Fiji has a long history of mining with over 75 years of activity at the prolific Vatukoula gold mine alongside several advanced development projects, including Tuvatu (Lion One), with indicated resources of 1.00 million tonnes of 8.48 grams per tonne gold (274,600 ounces) and inferred resources of 1.33 Mt of 9.0 g/t Au (384,000 oz) (Tuvatu preliminary economic assessment update, National Instrument 43-101), and Namosi (Newcrest Mining), with proven, measured and indicated resources of 1.8 billion tonnes at 0.35 per cent copper and 0.11 g/t Au (6.4 million ounces Au and 6.3 million tonnes Cu) (Newcrest annual mineral resources update, June, 2022).

The company provides investors with exposure to a diverse portfolio of exploration-stage projects with potential for zinc, copper, gold and silver in a politically safe and stable jurisdiction. Thunderstruck trades on the TSX Venture Exchange under the symbol AWE and on the U.S. OTC under the symbol THURF.

We seek Safe Harbor.