Ms. Lana Castleman reports

THUNDERBIRD ENTERTAINMENT GROUP ANNOUNCES COMMENCEMENT OF NORMAL COURSE ISSUER BID

Thunderbird Entertainment Group Inc. has received approval from the TSX Venture Exchange of its notice of intention to make a normal course issuer bid (NCIB).

Under the NCIB, the company may purchase for cancellation up to 3,190,236 common shares (representing approximately 10 per cent of its public float of 31,902,359 shares as of Dec. 9, 2024) over a 12-month period commencing on Dec. 9, 2024. The NCIB will expire no later than Dec. 8, 2025.

The company currently has an existing normal course issuer bid in effect, which began on Dec. 7, 2023, and is set to expire on Dec. 6, 2024. Under the existing NCIB, up to and including the date of this news release, the company has repurchased for cancellation 591,400 common shares for total consideration of $1,229,881.00, representing an average price of $2.08 per common share. The method of acquisition was purchases effected on the open market through the facilities of the TSX-V only, conducted by Cormark Securities Inc. The purchase and payment for the securities were made in accordance with the requirements of the TSX-V. The price to be paid was the market price of the securities at the time of the acquisition. In connection with approval of the NCIB, the company will not be completing any additional purchases under the existing NCIB.

Thunderbird believes that from time to time, the market price of its shares may not reflect their underlying value and that the purchase of its shares will enhance shareholder value and increase liquidity. The company intends to finance the purchases out of available cash.

All purchases made pursuant to the NCIB will be made through the facilities of the TSX-V. The NCIB will be made in accordance with the applicable rules and policies of the TSX-V and applicable Canadian securities laws. The price that Thunderbird will pay for shares in open market transactions will be the market price at the time of purchase. Any shares that are purchased under the NCIB will be cancelled. The actual number of shares that may be purchased and the timing of such purchases will be determined by the company. Decisions regarding purchases will be based on market conditions, share price, best use of available cash and other factors.

Thunderbird has appointed Cormark Securities to make purchases under the NCIB on its own behalf.

About Thunderbird Entertainment Group Inc.

Thunderbird is a global award-winning, full-service multiplatform production, distribution and rights management company, headquartered in Vancouver, with additional offices in Los Angeles and Ottawa. Thunderbird creates award-winning scripted, unscripted and animated programming for the world's leading digital platforms, as well as Canadian and international broadcasters. The company develops, produces and distributes animated, factual and scripted content through its various content arms, including Thunderbird Kids and Family (Atomic Cartoons), Thunderbird Unscripted (Great Pacific Media), and Thunderbird Scripted. Productions under the Thunderbird umbrella include Mermicorno: Starfall, Super Team Canada, Molly of Denali, Highway Thru Hell, Kim's Convenience, Boot Camp, and Sidelined: The QB and Me. Thunderbird Distribution and Thunderbird Brands manage global media and consumer products rights, respectively, for the company and select third parties.

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