Thunder Gold's Strategic Financing: Fueling Exploration and Growth

Thunder Gold Corp (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) has announced a non-brokered private placement, aiming to raise approximately $1,250,000 through the sale of 20,833,333 units at $0.06 per unit. Each unit consists of one common share and one-half of one purchase warrant, with each whole warrant allowing the purchase of one share at $0.10 for 18 months. The company anticipates closing the financing on or about January 23, 2025.



The net proceeds from the financing will be used for exploration of the Tower Mountain Gold Property and for general working capital purposes. The Tower Mountain Gold Property, located adjacent to the Trans-Canada highway, approximately 50-km west of Thunder Bay, Ontario, is a 2,500-hectare property surrounding the largest, exposed, intrusive complex in the eastern Shebandowan Greenstone Belt. Gold at Tower Mountain is localized within extremely altered rocks parallel to the western contact of the intrusive center, with drilling establishing anomalous gold extending out from the intrusive contact for over 500 meters along a 1,500-meter strike length, to depths of over 500 meters from surface.

Certain directors and officers of the Company may participate in the financing, which would be considered a "related party transaction" under Multilateral Instrument 61-101. The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(b) and 5.7(b) of MI 61-101 in respect of any such insider participation.

The securities issued pursuant to the Financing have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. persons absent registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an exemption therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Financing is subject to TSXV approval.

In conclusion, Thunder Gold's strategic financing will provide the necessary capital to advance exploration efforts on the Tower Mountain Gold Property, potentially leading to significant discoveries and enhancing shareholder value. The company's focus on exploration and general working capital purposes aligns with its long-term growth objectives, and the potential impact of insider participation has been addressed through appropriate exemptions under MI 61-101. As Thunder Gold continues to execute its strategic plan, investors should keep a close eye on the company's progress and potential opportunities.