Northwire Canada EditionMonday, September 14, 2026
Northwire
GOLD 4310.10 −2.2% SILVER 63.22 −3.0% COPPER 6.38 −2.6% OIL 104.31 +4.3% PALLADIUM 1300.50 −1.8% VRB 0.085 +0.0% DCOP 0.095 +0.0% RYR 0.190 +0.0% BRC 1.18 +0.0% PMET 4.17 +0.0% CRG 0.250 +0.0% GCN 0.035 +0.0% MINE 0.120 +0.0% EDCU 0.500 +0.0% PTX 0.085 +0.0% COSA 0.600 +0.0% DML 4.19 +0.0% MSA 9.10 +0.0% ETG 2.49 +0.0% BTU 0.040 +0.0% FISH 5.79 +0.0% GOLD 4310.10 −2.2% SILVER 63.22 −3.0% COPPER 6.38 −2.6% OIL 104.31 +4.3% PALLADIUM 1300.50 −1.8% VRB 0.085 +0.0% DCOP 0.095 +0.0% RYR 0.190 +0.0% BRC 1.18 +0.0% PMET 4.17 +0.0% CRG 0.250 +0.0% GCN 0.035 +0.0% MINE 0.120 +0.0% EDCU 0.500 +0.0% PTX 0.085 +0.0% COSA 0.600 +0.0% DML 4.19 +0.0% MSA 9.10 +0.0% ETG 2.49 +0.0% BTU 0.040 +0.0% FISH 5.79 +0.0%

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Thunder Gold Reports 404.5 Metres of Continuous Gold Mineralization Averaging 0.453 g/t Au in Extension of TM23-137

Thunder Bay, Ontario--(Newsfile Corp. - September 14, 2026) - Thunder Gold Corp. (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) ("Thunder Gold" or the "Company") is pleased to announce exploration diamond drill results from the Bench Target, at the Company's flagship Tower Mountain Property, 40 kilometres west of Thunder Bay, Ontario. Highlights: TM23-137X includes 294.0 metres averaging 0.418 g/t Au from collar to end of hole; TM23-137X terminates with an interval of 27.0 metres averaging 0.830 g/t Au, including 15.0 metres averaging 1.128 g/t Au; 68% of TM23-137X returned assays greater than the cut-off grade defining the current Mineral Resource Estimate (Jan.19, 2026); 92% of TM23-137X returned assay results greater than 0.10 g/t Au, demonstrating the consistency and size of the system. TM23-137X is an extension of TM23-137, completed in 2023, intersected three distinct gold bearing zones as follows: 41.0 metres averaging 1.81 g/t Au (CAPPED), including 1.5 metres averaging 941.0 g/t Au; 23.0 metres averaging 0.77 g/t Au and 58.0 metres averaging 0.83 g/t Au. TM23-137X has extended gold mineralization an additional 294 metres from the end of TM23-137 and includes: 277.5 metres averaging 0.436 g/t Au TM23-137X parallels the 650-metre long, sub-vertical zone of brecciated and altered volcanic-intrusive rocks defining the core of the Bench Target mineralization (Reference Figure 1.0). This hole targeted a large area of Inferred Resource estimated by the 2026 Mineral Resource Estimate ("MRE") with the objective of converting all or a portion of the Inferred resource to the Indicated classification in the Q4, 2026 MRE update. Wes Hanson, President and CEO states, "TM23-137X is yet another hole demonstrating the impressive continuity and consistency of the Tower Mountain mineralization that attracted me to join the company in 2022. The hole collared in, and remained in, consistent gold mineralization for 277.5 metres to the end of the hole, extending gold mineralization 150 metres (vertically) below the current resource model and optimized pit limit. Mineralization was intersected where predicted and persisted for the entirety of the hole, as predicted. Approximately 30% of TM23-137X falls within the current optimized pit constraining the current mineral resource for the project. The remaining 70% of the hole represents additional inferred resource potential. More importantly, this is the third deep hole in a row that extended the system and indicates that the system may be strengthening with depth." Mineralization occurs entirely within a sub-vertical, variably brecciated and altered sequence of intermediate volcanics and alkalic intrusives parallel to the central Tower Mountain Intrusive Complex ("TMIC") The brecciated sequence is cut by millimetre-scale quartz-carbonate-tourmaline stockworks. Pyrite, ranging from trace to 5% (locally) is persistent throughout all observed lithologies except late dikes. Table 1.0 (below) shows the collar location data for hole TM23-137X, coincident with the terminus of original hole TM23-137 completed in 2023. Table 1.0 - TM23-137X - Collar Location, Bearing and Dip Easting Northing Elevation Bearing Dip Total Depth 300650.2 5377851 77 98 -60 294   Figure 1.0 shows the locations and alignment of TM23-137X in plan. Figure 1.0 Diamond Drill Plan - Tower Mountain Property To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/5364/314069_05a857e984dde8ee_001full.jpg Table 2.0 (below) summarizes the entirety of TM23-137X from the bottom of the original hole to the end of the hole which terminated in mineralization. Table 2.0 - Summary of Results - TM23-137 / TM23-137X Hole ID From To Interval Au True Width (metres) (metres) (metres) (g/t) (metres) TM23-137 0.0 3.3 3.3 OVERBURDEN and 3.3 104.5 101.2 0.091 UNKNOWN and 104.5 146.9 42.4 22.899 UNKNOWN CAPPED 104.5 146.9 42.4 1.106 UNKNOWN includes 125.5 127.0 1.5 628.000 UNKNOWN CAPPED 125.5 127.0 1.5 12.000 UNKNOWN and 146.9 186.0 39.1 0.054 UNKNOWN and 186.0 196.5 10.5 1.306 UNKNOWN and 196.5 200.4 3.9 0.067 UNKNOWN and 200.4 231.5 31.1 0.263 UNKNOWN and 231.5 249.5 18.0 0.051 UNKNOWN and 249.5 273.5 24.0 0.495 UNKNOWN and 273.5 297.5 24.0 0.036 UNKNOWN and 297.5 702.0 404.5 0.453 UNKNOWN includes 297.5 349.5 52.0 0.490 UNKNOWN and 349.5 358.5 9.0 2.485 UNKNOWN and 358.5 408.0 49.5 0.250 UNKNOWN TM23-137X 408.0 414.0 6.0 0.046 UNKNOWN and 414.0 424.5 10.5 0.169 UNKNOWN and 424.5 702.0 277.5 0.436 UNKNOWN includes 424.5 447.0 22.5 0.397 UNKNOWN and 447.0 469.5 22.5 0.602 UNKNOWN and 469.5 486.0 16.5 0.167 UNKNOWN and 486.0 522.0 36.0 0.670 UNKNOWN and 522.0 675.0 153.0 0.321 UNKNOWN and 675.0 702.0 27.0 0.830 UNKNOWN   TM23-137 and TM23-137X fail to exit the mineralized target and therefore true width cannot be estimated. Table 3.0 (below) presents the individual sample results for the entirety of TM23-137 / TM23-137X. Figure 2.0 presents a cross sectional view of TM23-137 / TM23-137X. Table 3.0 - TM23-137 / TM23-137X Interval Results From (m) To (m) Au g/t From (m) To (m) Au g/t From (m) To (m) Au g/t 3.3 4.5 0.037 60.5 62.0 0.107 119.5 121.0 5.780 4.5 6.0 0.018 62.0 63.5 0.018 121.0 122.5 0.511 6.0 7.5 0.019 63.5 65.0 0.049 122.5 124.0 0.536 7.5 9.0 0.028 65.0 66.5 0.022 124.0 125.5 0.278 9.0 10.5 0.034 66.5 68.0 0.027 125.5 127.0 628.000 10.5 12.0 0.049 68.0 69.5 0.050 127.0 128.5 0.813 12.0 13.5 0.184 69.5 71.0 0.016 128.5 130.0 1.390 13.5 15.0 0.063 71.0 72.5 0.003 130.0 131.5 0.606 15.0 16.5 0.065 72.5 74.0 0.018 131.5 133.0 0.211 16.5 18.0 0.015 74.0 75.5 0.013 133.0 134.5 0.355 18.0 19.0 0.050 75.5 77.0 0.024 134.5 136.0 1.100 19.0 20.3 0.013 77.0 78.5 0.003 136.0 137.5 0.967 20.3 21.5 0.033 78.5 80.0 0.591 137.5 139.0 0.207 21.5 22.5 0.047 80.0 81.5 0.117 139.0 140.5 0.645 22.5 24.0 0.024 81.5 83.0 0.098 140.5 142.0 0.444 24.0 25.5 0.049 83.0 84.5 0.029 142.0 143.4 0.465 25.5 27.0 0.048 84.5 86.0 0.003 143.4 144.5 0.618 27.0 28.5 0.039 86.0 87.5 0.055 144.5 145.5 0.402 28.5 30.0 0.093 87.5 89.0 0.056 145.5 146.9 0.256 30.0 31.5 0.080 89.0 90.5 0.040 146.9 148.0 0.079 31.5 33.0 0.097 90.5 92.0 0.008 148.0 149.5 0.065 33.0 34.5 0.153 92.0 93.0 0.017 149.5 151.0 0.062 34.5 36.0 0.184 93.0 94.0 0.013 151.0 152.5 0.058 36.0 37.5 0.314 94.0 95.5 0.226 152.5 154.0 0.037 37.5 39.0 0.297 95.5 97.0 0.020 154.0 155.5 0.053 39.0 40.5 0.102 97.0 98.5 0.035 155.5 157.0 0.030 40.5 42.0 0.077 98.5 100.0 0.037 157.0 158.5 0.045 42.0 43.5 0.449 100.0 101.5 0.015 158.5 160.0 0.102 43.5 45.0 0.087 101.5 103.0 0.017 160.0 161.5 0.059 45.0 46.0 0.037 103.0 104.5 0.058 161.5 163.0 0.094 46.0 47.4 0.076 104.5 106.0 0.341 163.0 164.2 0.106 47.4 48.5 0.500 106.0 107.5 0.708 164.2 165.0 0.025 48.5 50.0 0.140 107.5 109.0 0.414 165.0 166.5 0.012 50.0 51.5 0.216 109.0 110.5 0.130 166.5 168.0 0.008 51.5 53.0 0.038 110.5 112.0 0.098 168.0 168.7 0.010 53.0 54.5 0.048 112.0 113.5 0.334 168.7 170.0 0.093 54.5 56.0 0.530 113.5 115.0 0.339 170.0 171.5 0.072 56.0 57.5 0.128 115.0 116.5 0.422 171.5 173.0 0.048 57.5 59.0 0.053 116.5 118.0 0.766 173.0 174.0 0.073 59.0 60.5 0.039 118.0 119.5 0.462 174.0 175.0 0.042 175.0 176.5 0.033 231.5 233.0 0.022 288.5 290.0 0.020 176.5 178.0 0.048 233.0 234.5 0.065 290.0 291.0 0.027 178.0 179.0 0.014 234.5 236.0 0.027 291.0 292.0 0.024 179.0 180.0 0.008 236.0 237.5 0.285 292.0 293.1 0.034 180.0 181.5 0.067 237.5 239.0 0.042 293.1 294.5 0.039 181.5 183.0 0.076 239.0 240.5 0.041 294.5 296.0 0.024 183.0 184.5 0.056 240.5 242.0 0.026 296.0 297.5 0.060 184.5 186.0 0.042 242.0 243.5 0.014 297.5 299.0 0.254 186.0 187.5 0.226 243.5 245.0 0.020 299.0 300.5 0.234 187.5 189.0 0.361 245.0 246.5 0.013 300.5 302.0 1.610 189.0 190.5 0.394 246.5 248.0 0.029 302.0 303.5 1.780 190.5 192.0 2.580 248.0 249.5 0.033 303.5 305.0 0.719 192.0 193.5 2.150 249.5 251.0 1.290 305.0 306.5 0.236 193.5 195.0 1.340 251.0 252.5 2.920 306.5 308.0 0.156 195.0 196.5 2.090 252.5 254.0 0.456 308.0 309.0 0.121 196.5 198.0 0.079 254.0 255.5 0.262 309.0 310.0 0.110 198.0 199.5 0.053 255.5 257.0 0.401 310.0 311.2 0.179 199.5 200.4 0.071 257.0 258.5 0.468 311.2 312.0 0.464 200.4 201.6 0.278 258.5 259.7 0.329 312.0 313.0 0.310 201.6 203.0 0.233 259.7 260.5 0.204 313.0 314.5 1.290 203.0 204.5 1.280 260.5 261.4 0.169 314.5 316.0 0.336 204.5 206.0 0.278 261.4 262.5 0.113 316.0 317.5 0.264 206.0 207.5 0.097 262.5 264.0 0.093 317.5 319.0 0.230 207.5 209.0 0.252 264.0 265.5 0.098 319.0 320.5 1.130 209.0 210.5 0.368 265.5 267.0 0.185 320.5 322.0 0.693 210.5 212.0 0.207 267.0 268.5 0.107 322.0 323.5 0.331 212.0 213.0 0.191 268.5 270.0 0.325 323.5 325.0 0.352 213.0 214.1 0.144 270.0 271.5 0.537 325.0 326.5 0.512 214.1 215.0 0.248 271.5 272.4 0.131 326.5 328.0 0.711 215.0 216.5 0.132 272.4 273.5 0.204 328.0 329.5 0.923 216.5 218.0 0.207 273.5 275.0 0.117 329.5 331.0 0.350 218.0 219.5 0.355 275.0 276.5 0.048 331.0 332.5 0.403 219.5 221.0 0.128 276.5 278.0 0.021 332.5 334.0 0.438 221.0 222.5 0.185 278.0 279.5 0.042 334.0 335.5 0.228 222.5 224.0 0.082 279.5 281.0 0.024 335.5 337.0 0.098 224.0 225.5 0.168 281.0 282.5 0.021 337.0 338.5 0.592 225.5 227.0 0.469 282.5 284.0 0.035 338.5 340.0 0.375 227.0 228.5 0.121 284.0 285.5 0.027 340.0 341.0 0.205 228.5 230.0 0.184 285.5 287.0 0.010 341.0 342.4 0.430 230.0 231.5 0.117 287.0 288.5 0.032 342.4 343.5 0.775 343.5 345.0 0.236 403.5 405.0 0.134 462.0 463.5 1.440 345.0 346.5 0.198 405.0 406.5 0.766 463.5 465.0 0.524 346.5 348.0 0.150 406.5 408.0 0.083 465.0 466.5 0.672 348.0 349.5 0.290 466.5 468.0 1.180 349.5 351.0 2.960 408.0 409.5 0.059 468.0 469.5 0.454 351.0 352.5 2.510 409.5 411.0 0.048 469.5 471.0 0.256 352.5 354.0 4.350 411.0 412.5 0.035 471.0 472.5 0.178 354.0 355.5 2.050 412.5 414.0 0.040 472.5 474.0 0.260 355.5 357.0 1.960 414.0 415.5 0.178 474.0 475.5 0.320 357.0 358.5 1.080 415.5 417.0 0.133 475.5 477.0 0.167 358.5 360.0 0.290 417.0 418.5 0.104 477.0 478.5 0.093 360.0 361.5 0.298 418.5 420.0 0.167 478.5 480.0 0.056 361.5 363.0 0.153 420.0 421.5 0.180 480.0 481.5 0.146 363.0 364.5 0.116 421.5 423.0 0.243 481.5 483.0 0.175 364.5 366.0 0.160 423.0 424.5 0.176 483.0 484.5 0.111 366.0 367.5 0.151 424.5 426.0 0.532 484.5 486.0 0.081 367.5 369.0 0.116 426.0 427.5 0.517 486.0 487.5 0.352 369.0 370.5 0.128 427.5 429.0 0.308 487.5 489.0 1.080 370.5 372.0 0.862 429.0 430.5 0.120 489.0 490.5 0.875 372.0 373.5 0.210 430.5 432.0 0.110 490.5 492.0 0.057 373.5 375.0 0.108 432.0 433.5 0.100 492.0 493.5 1.060 375.0 376.5 0.115 433.5 435.0 0.173 493.5 495.0 0.159 376.5 378.0 0.152 435.0 436.5 1.200 495.0 496.5 0.689 378.0 379.5 0.400 436.5 438.0 0.478 496.5 498.0 1.280 379.5 381.0 0.618 438.0 439.5 0.158 498.0 499.5 0.734 381.0 382.5 0.799 439.5 441.0 0.108 499.5 501.0 0.779 382.5 384.0 0.305 441.0 442.5 0.259 501.0 502.5 0.163 384.0 385.5 0.165 442.5 444.0 0.245 502.5 504.0 0.825 385.5 387.0 0.130 444.0 445.5 1.390 504.0 505.5 0.531 387.0 388.5 0.155 445.5 447.0 0.252 505.5 507.0 0.671 388.5 390.0 0.082 447.0 448.5 0.386 507.0 508.5 1.200 390.0 391.5 0.028 448.5 450.0 0.497 508.5 510.0 1.050 391.5 393.0 0.034 450.0 451.5 0.313 510.0 511.5 0.339 393.0 394.5 0.074 451.5 453.0 0.529 511.5 513.0 0.211 394.5 396.0 0.130 453.0 454.5 0.324 513.0 514.5 0.124 396.0 397.5 0.390 454.5 456.0 0.563 514.5 516.0 1.010 397.5 399.0 0.333 456.0 457.5 0.584 516.0 517.5 0.518 399.0 400.5 0.242 457.5 459.0 0.488 517.5 519.0 0.229 400.5 402.0 0.305 459.0 460.5 0.739 519.0 520.5 1.420 402.0 403.5 0.188 460.5 462.0 0.330 520.5 522.0 0.727 522.0 523.5 0.425 582.0 583.5 0.149 642.0 643.5 0.460 523.5 525.0 0.377 583.5 585.0 0.303 643.5 645.0 0.355 525.0 526.5 0.422 585.0 586.5 0.263 645.0 646.5 0.330 526.5 528.0 0.213 586.5 588.0 0.400 646.5 648.0 0.200 528.0 529.5 0.354 588.0 589.5 0.378 648.0 649.5 0.285 529.5 531.0 0.221 589.5 591.0 0.286 649.5 651.0 0.147 531.0 532.5 0.108 591.0 592.5 0.600 651.0 652.5 0.220 532.5 534.0 0.183 592.5 594.0 0.306 652.5 654.0 0.467 534.0 535.5 0.286 594.0 595.5 0.596 654.0 655.5 0.482 535.5 537.0 0.085 595.5 597.0 1.160 655.5 657.0 0.853 537.0 538.5 0.028 597.0 598.5 0.192 657.0 658.5 0.471 538.5 540.0 0.056 598.5 600.0 0.138 658.5 660.0 0.751 540.0 541.5 0.212 600.0 601.5 0.229 660.0 661.5 0.295 541.5 543.0 0.033 601.5 603.0 0.281 661.5 663.0 0.469 543.0 544.5 0.052 603.0 604.5 0.314 663.0 664.5 0.101 544.5 546.0 0.157 604.5 606.0 0.121 664.5 666.0 1.120 546.0 547.5 0.109 606.0 607.5 0.151 666.0 667.5 0.106 547.5 549.0 0.124 607.5 609.0 0.316 667.5 669.0 0.106 549.0 550.5 0.253 609.0 610.5 0.220 669.0 670.5 0.146 550.5 552.0 0.274 610.5 612.0 0.188 670.5 672.0 0.076 552.0 553.5 0.387 612.0 613.5 0.183 672.0 673.5 0.037 553.5 555.0 0.442 613.5 615.0 0.166 673.5 675.0 0.048 555.0 556.5 0.202 615.0 616.5 0.172 675.0 676.5 0.743 556.5 558.0 0.218 616.5 618.0 0.236 676.5 678.0 0.560 558.0 559.5 0.355 618.0 619.5 0.517 678.0 679.5 0.214 559.5 561.0 0.415 619.5 621.0 0.338 679.5 681.0 0.195 561.0 562.5 0.203 621.0 622.5 0.826 681.0 682.5 0.858 562.5 564.0 0.157 622.5 624.0 0.250 682.5 684.0 0.567 564.0 565.5 0.225 624.0 625.5 0.273 684.0 685.5 1.080 565.5 567.0 0.669 625.5 627.0 0.168 685.5 687.0 1.480 567.0 568.5 0.452 627.0 628.5 0.256 687.0 688.5 0.825 568.5 570.0 0.439 628.5 630.0 0.135 688.5 690.0 0.546 570.0 571.5 0.493 630.0 631.5 0.097 690.0 691.5 0.743 571.5 573.0 0.503 631.5 633.0 0.744 691.5 693.0 1.940 573.0 574.5 0.403 633.0 634.5 0.438 693.0 694.5 1.830 574.5 576.0 0.162 634.5 636.0 0.184 694.5 696.0 1.410 576.0 577.5 1.040 636.0 637.5 0.200 696.0 697.5 0.454 577.5 579.0 0.220 637.5 639.0 0.811 697.5 699.0 0.523 579.0 580.5 0.281 639.0 640.5 1.010 699.0 700.5 0.478 580.5 582.0 0.136 640.5 642.0 0.285 700.5 702.0 0.500    Figure 2.0 SECTION 5377550 N - Looking North To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/5364/314069_05a857e984dde8ee_002full.jpg Quality Assurance and Quality Control Diamond drilling utilizes NQ diameter tooling. The core is received at the on-site logging facility where it is, photographed, logged for geotechnical, physical properties and geological data. Samples are identified, recorded, and cut in half by wet diamond saw. Half the core is sent for assay at an accredited laboratory with the remaining half core stored on site. A standard sample length of 1.5 meters is typically employed, varying only at major lithological contacts. Certified standards and blanks are randomly inserted into the sample stream and constitute approximately 10% of the sample stream. Certified standards and blank performance is monitored with any failures evaluated and investigated to determine if said failure is a result of error during submission. Any unexplained failures are identified and the five samples preceding and following the failure are re-assayed. Commencing in 2026, duplicate pulps are prepared at a rate of 1 in every 20 samples. The duplicate pulps are sent to a second independent analytical facility for analyses. Activation Laboratories Ltd., Thunder Bay, Ontario, ISO/IEC 17025:2017 is the primary independent analytical service provider. AGAT Laboratories, Thunder Bay, Ontario, ISO/IEC 17025:2017 is the secondary, independent analytical facility. Samples are, received, dried, crushed to 80% passing 2.0 mm. A 250-gram sample is split and pulverized. Samples are analyzed for gold using a 30-gram lead collection fire assay fusion (FA) with an atomic absorption (AAS) finish. All assay results greater than 5.0 g/t Au are re-assayed using a gravimetric analysis. All assays greater than 30.0 g/t Au are re-assayed using screen metallics where a representative 1000-gram sample is split sieved at 149µm. Assays are performed on the entire +149 µm fraction and two splits of the -149 µm fraction. A final assay is calculated based on the weight of each size fraction. Qualified Person Technical information in this news release has been reviewed and approved by Wes Hanson, P.Geo., President and CEO of Thunder Gold Corp., who is a Qualified Person under the definitions established by NI 43-101. About the Tower Mountain Gold Property The 7,625-hectare, 100%-owned Tower Mountain Property is beside the Trans-Canada highway, 40-km west of Thunder Bay, Ontario (pop. 120,000). Gold mineralization occurs in variably brecciated and altered rocks surrounding the calc-alkalic Tower Mountain Intrusive Complex ("TMIC"). Drilling to date has established an initial mineral resource parallel to the western contact of the intrusion representing approximately 25% of the TMIC halo. The MRE has an effective date of January 19, 2026. A Technical Report titled " NI 43-101 Technical Report for the 2026 Mineral Resource Estimate on the Tower Mountain Project, Ontario, Canada." is available on the Company's website at www.thundergoldcorp.com and on SEDAR+ (www.sedarplus.ca) under the Company's Issuer profile. The Report was prepared by Charley Murahwi, P.Geo., FAusIMM.; William Lewis, P.Geo., Tudorel Ciuculescu, P.Geo., and Richard Gowans, P.Eng., all of Micon International Limited ("Micon"), Toronto, Ontario, Canada. The Report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and CIM Definition Standards of Mineral Resources and Mineral Reserves. The MRE is summarized as follows: Tower Mountain Mineral Resource Estimate - January 19, 2026   Category Tonnage (Mt) Grade (g/t Au) Contained Metal ('000 oz gold)     Indicated 34.5 0.46 514     Inferred 211.1 0.45 3,053     Notes: The effective date of this MRE is January 19, 2026. Messrs. William Lewis, P.Geo., Charley Murahwi, P.Geo., FAusIMM, and Tudorel Ciuculescu, P.Geo. from Micon International Limited are the Qualified Persons (QPs) responsible for this MRE. The MRE has been classified in the Indicated and Inferred categories. At this time, there are no Measured resources at the Tower Mountain Project. The calculated gold cut-off grade is 0.19 g/t Au. An average specific gravity (SG) value of 2.77 g/cm3 was used. The MRE used economic assumptions for open pit mining. The following economic parameters were used for generating the cut-off grade: a gold price of US$3,000/oz, 80% recovery, open pit mining cost of US$3.0/t, processing costs of US$8.0/t, general and administration cost of US$3.5/t, transportation cost of US$2.5/oz of gold, and a royalty of 3%. The open pit used slope angles of 30° in overburden and 50° in fresh rock. The block model is orthogonal and has a parent block size of 5 m x 5 m x 5 m, with minimum sub-block size of 2.5 m x 2.5 m x 2.5 m. The open pit optimization used a re-blocked size of 10 m x 10 m x 10 m. The mineral resources described above have been prepared in accordance with the current Canadian Institute of Mining, Metallurgy and Petroleum Standards and Practices. Numbers have been rounded to the nearest million tonnes and nearest thousand ounces. Differences may occur in totals due to rounding. Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability. The quantity and grade of reported Inferred Mineral Resources are uncertain in nature and there has been insufficient exploration; however, it is reasonably expected that a significant portion of Inferred Mineral Resources could be upgraded into Indicated Mineral Resources with further exploration. Micon QPs have not identified any legal, political, environmental, or other relevant factors that could materially affect the potential development of the mineral resources and of the estimate. The remaining 75% of the TMIC halo demonstrates similar geology, alteration, and geophysical signatures and is untested by drilling. A second gold trend, identified in 2026, outcrops at surface and is continuously mineralized over a 100-metre width. This gold mineralization occurs within Timiskaming-type conglomerates that have been traced for over 5.0 kilometres along a southwest trend paralleling the Thunder Lake Fault. The Company believes both targets offer opportunities to materially increase the total resource through systematic drilling. About Thunder Gold Corp. Thunder Gold is advancing the Tower Mountain project in Thunder Bay, Ont. -- an emerging gold system with the scale, consistency and quality to support a long-life, open-pit operation. Results from the disciplined drill programs have consistently reinforced confidence in the continuity and predictability of the discovery while highlighting significant potential for expansion across multiple zones of the Tower Mountain intrusive complex. With industry-leading drilling costs, existing infrastructure and a skilled local work force, Tower Mountain represents a rare combination of size, scalability and cost-effective growth. At Thunder Gold, our vision is clear: to unlock a discovery that has the potential to become a transformational gold project, delivering long-term value for shareholders while contributing to the future of Canada's mining industry. For more information about the Company please visit: www.thundergoldcorp.com. On behalf of the Board of Directors, Wes Hanson, P.Geo., President and CEO For further information contact: Wes Hanson, CEO (647) 202-7686 [email protected] Bryan Baritot, Investor Relations [email protected] NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. The information contained herein contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation (collectively, "forward-looking statements"). Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. All statements, other than statements of historical fact, are forward-looking statements and are based on predictions, expectations, beliefs, plans, projections, objectives and assumptions made as of the date of this news release, including the Company's plans regarding exploring its mineral exploration properties; anticipated results of geophysical surveys, drilling programs, geological interpretations and potential mineral recovery. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate funding on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to the gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise any forward-looking statements, other than as required by applicable law, to reflect new information, events or circumstances, or changes in management's estimates, projections or opinions. Actual events or results could differ materially from those anticipated in the forward-looking statements or from the Company's expectations or projections. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/314069
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