Thunder Mountain Gold Announces Private Placement Financing

Thunder Mountain Gold, Inc. announced a non-brokered private placement for up to US$6.4 million in gross proceeds. The company will issue up to 9,143,000 units at a price of US$0.70 per unit, with proceeds designated for advancing the South Mountain Project through drilling, assaying, and geophysical surveys. Each unit includes one common share and one-half warrant, exercisable at US$1.00 for 24 months, subject to TSX Venture Exchange approval.

The transaction involves a non-brokered private placement of up to 9,143,000 Units priced at US$0.70 per Unit, equivalent to CAD$1.00. Each Unit consists of one Common Share and one-half Common Share Purchase Warrant. Each whole warrant entitles the holder to purchase one additional Common Share at an exercise price of US$1.00 (CAD$1.42) for a period of 24 months from issuance. The company intends to pay finders fees up to 6% of gross proceeds, paid via cash and non-transferable common share purchase warrants (Finder Warrants). Each Finder Warrant allows acquisition of one common share at US$1.00 (CAD$1.42) for 24 months.

The securities are subject to a four-month hold period per TSX Venture Exchange policies and are subject to approval by the exchange. Units and warrants are unregistered under the U.S. Securities Act, offered pursuant to Section 4(a)(2)/Rule 506(b) and Regulation S. They are considered "restricted securities" with a U.S. restrictive legend. The South Mountain Project is a polymetallic development (Zn, Ag, Au, Cu, Pb) in Idaho with historic mining by Anaconda Copper. The company has invested approximately US$25 million into the project since 2007.