Mr. Wes Hanson reports

THUNDER GOLD CLOSES $2.5 MILLION FINANCING LED BY A STRATEGIC INVESTOR

Thunder Gold Corp. has closed its previously announced non-brokered private placement of 25 million units of the company at a price of 10 cents per unit, for total proceeds of $2.5-million. The financing was led by a strategic investor in the mining sector.

Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant is exercisable for an additional common share of the company at an exercise price of 15 cents for 18 months from the date of issue.

Proceeds from the offering shall be used to finance continuing exploration and definition drilling at the company's 100-per-cent-owned, 2,100-hectare Tower Mountain gold property, located in the Shebandowan greenstone belt, 40 kilometres west of the international port city of Thunder Bay, Ont., and for general working capital purposes.

Wes Hanson, president and chief executive officer, stated: "This financing allows us to increase our current drill program by an additional 7,500 metres, all of which will focus on resource definition and expansion within the 2026 mineral resource announced on Jan. 26, 2026. A second diamond drill has been mobilized to the Tower Mountain property to fast-track the planned drilling in advance of a mineral resource update and accompanying scoping study (preliminary economic assessment) currently planned for Q4 2026. We estimate phase 1 drilling will total 15,000 metres with a targeted completion date of September, 2026."

On Jan. 26, 2026, the company announced a mineral resource estimate for Tower Mountain as summarized in Table 1. The estimate was prepared by Micon International Ltd., Toronto, Ont., Canada, an independent engineering firm specializing in mineral resource and reserve estimation for a global client pool.

On March 10, 2026, the company filed the technical report titled "NI 43-101 Technical Report for the 2026 Mineral Resource Estimate on the Tower Mountain Project, Ontario, Canada." The report was prepared by Charley Murahwi, PGeo, FAusIMM; William Lewis, PGeo, Tudorel Ciuculescu, PGeo, and Richard Gowans, PEng, all of Micon International, Toronto, Ont., Canada. The report has been prepared in accordance with National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and Canadian Institute of Mining and Metallurgy Definition Standards of Mineral Resources and Mineral Reserves.

The report is available on the company's website and on SEDAR+ under the company's issuer profile.

In connection with the offering, the company paid finders' fees of approximately $75,000 and issued an aggregate of 750,000 finders' warrants to eligible finders. Each finder warrant entitles the holder thereof to acquire one common share at a price of 15 cents for a period of 18 months from the date of issue. PowerOne Capital Markets Ltd. and ECM Capital Advisors Ltd. acted as finders in connection with a portion of the offering. Wildeboer Dellelce LLP acted as legal counsel to the company.

In connection with the strategic investor's participation in the offering, the company granted the strategic investor a participation right to subscribe for such number of additional units, at a price acceptable to the TSX Venture Exchange, to increase the strategic investor's partially diluted shareholding of the company to not more than 9.99 per cent, subject to all required regulatory approvals, including approval of the TSX Venture Exchange, at the time of exercising the participation right. The participation right expires on the later of Sept. 30, 2026, and three months following completion of the company's drill program.

The offering included subscriptions by an insider of the company to purchase an aggregate of 200,000 units, which constitute a related-party transaction (as such term is defined in Multilateral Instrument 61-101 (Protection of Minority Securityholders in Special Transactions). The company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related-party participation in the offering as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25 per cent of the company's market capitalization (as determined under MI 61-101).

All securities issued pursuant to the offering 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.

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 Thunder Gold Corp.

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

We seek Safe Harbor.