Thunder Gold Closes $1,250,000 Over-Subscribed Non-Brokered Private Placement

Thunder Gold Corp. (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF), a junior exploration company focused on the discovery of high-value gold deposits in Canada, has successfully closed a non-brokered private placement, raising CAD 1,250,000. The placement was over-subscribed, reflecting the market's confidence in the company's prospects and its Tower Mountain Gold Property.

The company issued 20,833,333 Units at CAD 0.06 per Unit, with each Unit consisting of one common share and half a warrant. Each whole warrant is exercisable at CAD 0.10 per share for 18 months. The Board of Directors has approved the issuance of finder's fees and finder warrants to eligible finders, further demonstrating the market's bullish sentiment towards Thunder Gold.

The proceeds from the private placement will be used primarily for general working capital and to advance the company's 100% owned Tower Mountain Gold Property in the Shebandowan Greenstone Belt. The majority of the funds will be used for general working capital purposes, with no other specific use representing more than 10% of the gross proceeds. None of the proceeds will be used for payments to non-arm's length parties of the Company, other than normal course compensation of its officers, directors, employees, and consultants as part of general working capital purposes, or to persons conducting investor relations activities.

The Tower Mountain Gold Property, located 50 km west of Thunder Bay, ON, is Thunder Gold's flagship asset. The property consists of 2,500 hectares and is host to the Tower Mountain Intrusive Complex, a multi-phase alkalic intrusion that has been the focus of exploration efforts to date. The property has seen extensive exploration, including drilling, geophysics, and geochemistry, which has identified multiple gold showings and significant potential for a large-tonnage, low-grade open pit deposit.

Thunder Gold's well-seasoned management team and board of directors have the geological, technical, corporate governance, and financial capabilities to plan and execute various strategies to enhance value for shareholders. The company's geological model suggests that the Tower Mountain Gold Property offers Tier-One discovery potential (>10.0 M oz resource), and the property is significantly undervalued relative to its potential asset value.

The successful closing of this over-subscribed private placement reflects the market's confidence in Thunder Gold's prospects and its Tower Mountain Gold Property. The company's commitment to aligning the interests of its management team with those of its shareholders, as demonstrated by the granting of options to Directors and Management, further supports this notion.




In conclusion, Thunder Gold Corp.'s over-subscribed non-brokered private placement demonstrates the market's confidence in the company's prospects and its Tower Mountain Gold Property. The funds raised will be used to advance the property and support general working capital, positioning Thunder Gold for continued growth and success in the exploration and development of its flagship asset.