Mr. Dorian Nicol reports

BLUE THUNDER UPSIZES PRIVATE PLACEMENT

Blue Thunder Mining Inc. has increased the size of its non-brokered private placement announced on Nov. 13, 2023.

Hard-dollar component

In a first tranche closing of the placement which took place on Dec. 5, 2023, the company issued a total of 12,342,856 common shares at a price of seven cents per HD share for aggregate proceeds of $864,000.

The hard-dollar component of the placement has been increased from $1-million to $1.1-million. Following the first tranche closing and after giving effect to this increase, 3,371,428 HD shares for aggregate proceeds of $236,000 remain to be issued under the hard-dollar component of the upsized Placement.

The proceeds of the hard-dollar component of the placement will be used for further exploration of the company's Muus gold project and for general corporate purposes.

Flow-through

The flow-through component of the placement announced on Nov. 13, 2023, has been increased from 3,333,333 flow-through shares at a price of 7.5 cents per FT share for aggregate proceeds of up to $250,000 to 4,666,666 FT shares for aggregate proceeds of $350,000. The proceeds from the flow-through component of the placement will be used to finance exploration programs on one or more of the company's exploration properties located in Quebec that will qualify as Canadian exploration expenses and once renounced, flow-through mining expenditures, as those terms are defined in the Income Tax Act (Canada).

The flow-through component of the placement and the balance of the HD component of the placement are targeted to close on or about Dec. 15, 2023.

The increase in the size of the HD and the flow-through components of the placement is subject to the approval of the TSX Venture Exchange.

About Blue Thunder Mining Inc.

Blue Thunder is an exploration company that owns 100 per cent of a large land position near Chibougamau, Que. The Muus gold project covers approximately 25,250 hectares of prospective ground in the eastern part of the Abitibi greenstone belt. The Muus project is prospective for gold mineralization and is adjacent to and on strike with Iamgold's five-million-ounce Nelligan gold project. Fieldwork completed during 2022 established that the northern portion of the Muus project is also prospective for copper-gold volcanogenic massive sulphide mineralization.

We seek Safe Harbor.