Mr. Wes Hanson reports

THUNDER GOLD ANNOUNCES $2 MILLION NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH UNITS

Thunder Gold Corp. has arranged a non-brokered private placement of flow-through units for gross proceeds of up to approximately $2-million. Proceeds of the private placement shall be used to finance the continuing exploration program at the company's 100-per-cent-owned, 2,500-hectare, Tower Mountain gold property, located in the Shebandowan greenstone belt, 40 kilometres west of the port city of Thunder Bay, Ont., and other Canadian exploration expenses that qualify as flow-through mining expenditures (as such terms are defined in the Income Tax Act (Canada)).

The private placement will consist of up to 26,666,667 flow-through units (FT units) at a price of 7.5 cents per FT unit for aggregate gross proceeds of up to approximately $2-million.

Each FT unit consists of one common share of the company and one-half of one common share purchase warrant, each of which will qualify as a flow-through share as defined in Subsection 66(15) of the tax act. Each warrant being exercisable for an additional common share of the company (each of which will not qualify as a flow-through share under the tax act) at an exercise price of 10 cents for 18 months from the date of issue.

The private placement is expected to close on or about Dec. 19, 2025, and is subject to approval by the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four-month-plus-a-day hold period from the date of issuance in accordance with applicable securities legislation and policies of the TSX-V.

In connection with the private placement, the company may pay finders' fees to eligible finders in accordance with the policies of the TSX-V consisting of a cash fee equal to up to 6 per cent of the gross proceeds raised under the private placement.

Qualified person

Technical information in this news release has been reviewed and approved by Wes Hanson, PGeo, president and chief executive officer of Thunder Gold, who is a qualified person under the definitions established by National Instrument 43-101.

About the Tower Mountain gold property

The 100-per-cent-owned Tower Mountain gold property is located adjacent to the Trans-Canada Highway, approximately 40 kilometres west of Thunder Bay, Ont. The 2,500-hectare property surrounds the largest, exposed, intrusive complex in the eastern Shebandowan greenstone belt where most known gold occurrences have been described as occurring either within, or proximal to, intrusive rocks. Gold at Tower Mountain is localized within extremely altered rocks parallel to the western contact of the intrusive centre. Drilling has established anomalous gold extending out from the intrusive contact for over 500 metres along a 1,500-metre strike length, to depths of over 500 metres from surface. The remaining 75 per cent of the perimeter surrounding the intrusion shows identical geology, alteration and geophysical response, offering a compelling exploration opportunity.

About Thunder Gold Corp.

Thunder Gold is a junior exploration company focused on gold discovery in Canada.

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