Mr. Wes Hanson reports

THUNDER GOLD OPTIONS ELECTRA PROPERTY, SHEBANDOWAN GREENSTONE BELT, ONTARIO

Thunder Gold Corp. has executed a definitive agreement with ALX Resources Corp. to earn a 100-per-cent interest in the 4,571-hectare Electra property, located immediately west and contiguous with the company's flagship Tower Mountain property.

The company can earn a 100-per-cent interest in the 212 mineral claims by paying ALX a total of $175,000 cash and issuing a total of one million common shares of Thunder Gold over a 24-month term.

The agreement is subject to approval by the TSX Venture Exchange.

Wes Hanson, PGeo, president and chief executive officer, states: "The northern half of the Electra property offers opportunity to increase the mineral resource at Tower Mountain. Historical work has identified numerous anomalous gold values within a broad (plus-100-metre), northeast-trending Timiskaming conglomerate unit, parallel to the Thunder Lake fault. Multiple, high-grade, surface grab samples, ranging from 0.10 to 82.5 g/t Au, are reported at Bateman Lake, four kilometres to the west of the Tower Mountain resource pit. Historical surface trenching by Hemlo Gold Mines Inc. (1995) reported 13.0 metres averaging 0.527 g/t Au and follow-up drilling by others confirmed the presence of gold-bearing Timiskaming conglomerate, including 10.5 metres averaging 0.621 g/t. Our 2025 soil geochemical and prospecting results, supported by Ontario junior exploration program (OJEP) funding, identified elevated gold-in-soil and gold-in-rock results along the interpreted continuation of the Timiskaming conglomerate target within the Tower Mountain property. A total of 55 surface rock samples collected at the Star target average 0.363 g/t Au. We believe there is additional potential for near-surface, satellite gold discoveries along the entire Timiskaming conglomerate trend. Our fully funded drill program, currently in progress, is focused on increasing the geological confidence within the defined resource pit shell, but we plan to focus our summer prospecting efforts along the 4.0-kilometre-long Timiskaming conglomerate trend between Bateman Lake and the Star target.

Terms of the agreement

Total cash payments of an aggregate $175,000 over two years to be paid as follows:

• $50,000 on execution;
• $50,000 on or before the 12-month anniversary of the effective date;
• $75,000 on or before the 24-month anniversary of the effective date.

Total share issuance of an aggregate one million common shares of the company as follows:

• 200,000 shares within five days of the effective date;
• 300,000 shares on or before the 12-month anniversary of the effective date;
• 500,000 shares on or before the 24-month anniversary of the effective date.

Electra property highlights:

• Hemlo Gold Mines reported anomalous grab samples ranging from 0.10 to 82.5 g/t (grams per tonne) Au (gold) within Timiskaming conglomerates at Bateman Lake (Province of Ontario, Ministry of Energy and Mines, assessment file database, file 52A12SE0001, "A Report on Geological, Geochemical and Physical Work Completed on the Conmee-Kwiatkowski Property, Conmee & Horne Townships, Thunder Bay Mining District," Andrew Tims, Hemlo Gold Mines, 1996).
• Hemlo completed two surface trenches at Bateman Lake that intersected 11.5 metres averaging 0.527 g/t Au and 10.0 metres averaging 0.198 g/t Au (Province of Ontario, Ministry of Energy and Mines, assessment file database, file 52A12SE0001, "A Report on Geological, Geochemical and Physical Work Completed on the Conmee-Kwiatkowski Property, Conmee & Horne Townships, Thunder Bay Mining District," Mr. Tims, Hemlo Gold Mines, 1996).
• Hemlo completed a single drill hole west of Bateman Lake that reported 9.8 metres averaging 0.255 g/t Au in Timiskaming conglomerate. This hole terminated in mineralization (Province of Ontario, Ministry of Energy and Mines, Assessment File Database, File 52A12SE0001 A Report on Geological, Geochemical and Physical Work Completed on the Conmee-Kwiatkowski Property, Conmee & Horne Townships, Thunder Bay Mining District , Andrew Tims, Hemlo Gold Mines Inc. 1996).
• In 1997, Avalon Ventures completed two holes east of Bateman Lake. One hole intersected 83.5 metres averaging 0.240 g/t Au; including intervals of 4.95 metres averaging 0.521 g/t and 10.5 metres averaging 0.621 g/t (Province of Ontario, Ministry of Energy and Mines, assessment file database, file 52A12SE0001, "A Report on Geological, Geochemical and Physical Work Completed on the Conmee-Kwiatkowski Property, Conmee & Horne Townships, Thunder Bay Mining District," Mr. Tims, Hemlo Gold Mines, 1996).
• To the south, ALX identified numerous geophysical conductors in the mafic-ultramafic suite of rocks in 2024. Follow-up drilling by ALX intersected elevated nickel grades, including 10.5 metres averaging 1,054 parts per million (ppm) nickel in hole Elec22-06 (Province of Ontario, Ministry of Energy and Mines, assessment file database, file 20000021502, "Electra Nickel Property, Adrian, Conmee and Horne Townships, Ontario, Canada," R. Campbell, PGeo, M. St-Pierre, PGeo, May 10, 2023).
• There is a legacy NSR (net smelter return ) royalty of 2.5 per cent, payable to the original vendors of the property. Of the NSR royalty, a 1.5-per-cent royalty can be repurchased at a cost of $1.5-million.

Tower Mountain property highlights:

• January, 2026, mineral resource estimate as summarized in table 1;
• All-in discovery cost of $3.95 per inferred resource ounce;
• Year-round paved highway access;
• 40 kilometres from the port of Thunder Bay, Ont.;
• Road, rail and hydro at property boundary;
• 15,000-metre resource definition drill program in progress.

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 2,100-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.

We seek Safe Harbor.