Ms. Jennifer McCarron reports

THUNDERBIRD ENTERTAINMENT APPOINTS SIMON BODYMORE AS CHIEF FINANCIAL OFFICER

Thunderbird Entertainment Group Inc. has appointed Simon Bodymore as the company's new chief financial officer, effective March 4, 2024. He succeeds longtime CFO Barb Harwood, who after 19 years with Thunderbird has decided to transition out of the role and will leave the Company as of March 1, 2024.

Mr. Bodymore has more than 25 years' experience leading financial teams for public and private companies, with a particular concentration in the last 15 years on working with fast-growing Canadian companies that operate internationally. He also has extensive experience raising financing for software-enabled businesses. Since 2014, he held the position of CFO at Vancouver-based software company Tasktop Technologies, assisting it to scale efficiently through a period of rapid growth that led to Tasktop's acquisition by technology company Planview in 2022. Mr. Bodymore is also the recipient of a 2020 CFO of the Year award from Business in Vancouver.

Mr. Bodymore is based in Vancouver and reports to Thunderbird CEO and Chair, Jennifer Twiner McCarron.

"We are beyond thrilled to welcome Simon to the Thunderbird family as our new CFO," said Ms. Twiner McCarron. "Simon has an amazing track record of helping fast-growing companies scale effectively and efficiently. He also has great experience working with entrepreneurially minded leaders to further their businesses. I am very much looking forward to working with Simon as we move into the next phase of our journey to becoming a major global studio."

"I am so impressed by Thunderbird's productions and its people," said Mr. Bodymore. "The quality of the series produced by Thunderbird, Atomic Cartoons and Great Pacific Media are top-notch across the board. And along with being kind and welcoming, Jenn and her team have a pure passion for continuing to build a company that's already successful into something bigger. Altogether, Thunderbird has such tremendous potential moving forward. I cannot wait to dig in and get going."

Ms. Harwood will remain with Thunderbird until the end of the month to ensure continuity in reporting of Q2 fiscal 2024 results and an orderly handover of the role to Mr. Bodymore. Ms. Harwood's extensive experience in the media sector played a crucial role in supporting the Company's growth, including the acquisition and integration of Great Pacific Media and Atomic Cartoons and Thunderbird's public offering in 2018. In 2021, Ms. Harwood received recognition as CFO of the Year by Business in Vancouver and was named as one the Top Ten Financial Executives in Canada by Globe and Mail's Report on Business.

"We thank Barb for her countless contributions over the last two decades, including the integral leadership role she played in seeing us through our IPO and supporting the Company's rapid growth," added Ms. Twiner McCarron. "It has been a privilege to work alongside Barb, and she will be incredibly missed at Thunderbird."

In 2023, Thunderbird was recognized as a Top 50 TSX Venture Exchange Company and named as one of Canada's Top Growing Companies by the Globe and Mail. The Company continues to expand its portfolio of owned-IP originals with the recent of announcements of production on Great Pacific Media's Timber Titans (Discovery Canada) and Rocky Mountain Wreckers (The Weather Channel), and Atomic Cartoons' Super Team Canada, produced with Will Arnett's Electric Avenue and greenlit by Bell Media's Crave.

The Company has granted an aggregate of 75,000 restricted share units ("RSUs") to Mr. Bodymore, under the terms of the Company's equity incentive compensation plan. The RSUs will vest one-third annually commencing on the one-year anniversary of the date of the grant. Each vested RSU entitles the holder to receive one common share of the Company.

For more information on Thunderbird and to subscribe to the Company's investor list for news updates, go to www.thunderbird.tv.

ABOUT THUNDERBIRD ENTERTAINMENT GROUP

Thunderbird Entertainment Group is a global award-winning, full-service multiplatform production, distribution and rights management company, headquartered in Vancouver, with additional offices in Los Angeles and Ottawa. Thunderbird creates award-winning scripted, unscripted, and animated programming for the world's leading digital platforms, as well as Canadian and international broadcasters. The Company develops, produces, and distributes animated, factual, and scripted content through its various content arms, including Thunderbird Kids and Family (Atomic Cartoons), Thunderbird Unscripted (Great Pacific Media) and Thunderbird Scripted. Productions under the Thunderbird umbrella include The Last Kids on Earth, Molly of Denali, Highway Thru Hell, Deadman's Curse, Kim's Convenience and Reginald the Vampire. Thunderbird Distribution and Thunderbird Brands manage global media and consumer products rights, respectively, for the Company and select third parties. Thunderbird is on Facebook, Twitter, and Instagram at @tbirdent. For more information, visit: www.thunderbird.tv.

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