Thunder Mountain Gold, Inc. - USD News Releases

Thunder Mountain Gold Announces Bylaw Amendment and AGM Voting Results

Thu, 05 Feb 2026 16:56:00 -0500

Boise, Idaho--(Newsfile Corp. - February 5, 2026) - Thunder Mountain Gold, Inc. (OTCQB: THMG) (TSXV: THM) ("Thunder Mountain Gold" or the "Company").

The Board of Directors (the "Board") of the Company approved an amendment to the Company's Bylaws (the "Bylaws"), effective prior to the Company's annual meeting of shareholders held on January 28, 2026 (the "Annual Meeting"). The sole purpose of the amendment was to amend the quorum requirements of the meetings of shareholders, from a majority of the outstanding shares of the Company entitled to vote, to one-third (1/3) of the outstanding shares of the Company entitled to vote, represented in person or by proxy.

The Annual Meeting was held on January 28, 2026, pursuant to a definitive notice and proxy statement filed with the SEC on December 23, 2025. The Company's shareholders approved the election of all directors, and the appointment of Assure CPA, LLC as the Company's auditor for the ensuing fiscal year. The directors elected to serve on the Board for the ensuing year are Eric T. Jones, Ralph Noyes, Doug Glaspev, and James Sabala.

Regarding Thunder Mountain Gold, Inc.

Thunder Mountain Gold Inc., a junior exploration company founded in 1935, owns interests in base and precious metals projects in the western U.S. The Company's principal asset is The South Mountain Mine, a historic former Anaconda Copper Company development of zinc, silver, gold, lead, and copper, located on private land in Owyhee County Idaho. Thunder Mountain Gold also owns 100% of the Trout Creek Project - a gold exploration project located along the western flank of the Shoshone Mountain Range in the Reese River Valley, adjacent to and surrounded by Nevada Gold Mines, a Barrick and Newmont Gold, Inc. joint venture. For more information on Thunder Mountain Gold, please visit the Company's website at www.Thundermountaingold.com.

Cautionary Note to Investors

This news release is intended for release in the United States only. Neither the TSX Venture Exchange, the OTCQB, nor either of its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Thunder Mountain Gold, Inc.
Eric T. Jones
President and Chief Executive Officer
Eric@thundermountaingold.com
Office: (208) 658-1037

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282931

Thunder Mountain Gold Announces Market Making Services Agreement

Mon, 29 Dec 2025 13:54:00 -0500

Boise, Idaho--(Newsfile Corp. - December 29, 2025) - Thunder Mountain Gold, Inc. (OTCQB: THMG) (TSXV: THM) ("Thunder Mountain Gold" or the "Company") reports that it has entered into a market making services agreement (the "Agreement") with Independent Trading Group (ITG), Inc. ("ITG") effective as of April 1, 2025. ITG is a Toronto based independent dealer member registered with the Canadian Investment Regulatory Organization. Under the Agreement, ITG will provide market making services on behalf of the Company during the term of the Agreement. ITG will carry out the market making services by appointing an approved trader within ITG who has sufficient experience to effectively perform and manage the market making activities. In consideration for providing the market making services, the Company will pay to ITG a monthly fee of CDN$6,000 per month during the term of the Agreement. ITG does not own, directly or indirectly, any interest in or common shares of the Company or have right, directly or indirectly, to acquire any interest in or common shares of the Company. The Company will pay the monthly market making fee to ITG from its available cash and working capital resources. The initial term of the Agreement is a term of one month, subject to automatic renewal for additional terms of one month each and subject to the right of each of the Company and ITG to terminate on 30 days prior notice to the other. The Company will be evaluating the duration of this Agreement in early 2026.

Regarding Thunder Mountain Gold, Inc.

Forward-Looking Statements

This press release contains forward-looking statements that are based on the beliefs of management and reflect the Company's current expectations. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. The forward-looking statements are based on certain assumptions which could change materially in the future. By their nature, forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Investors should refer to THMG's Form 10-K, Form 10-Q reports, for a more detailed discussion of risks that may impact future results. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking information. Forward-looking information is provided as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required in accordance with applicable laws.

Cautionary Note to Investors

For further information, please contact:

Thunder Mountain Gold, Inc.

Eric T. Jones
President and Chief Executive Officer
Eric@thundermountaingold.com
Office: (208) 658-1037

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279149

MFD Investment Holdings SA Enters the Options Review Phase for Near-Term Production with Ocean Partners at Thunder Mountain Gold`s South Mountain Mine

Mon, 08 Dec 2025 08:00:00 -0500

Scope includes initial toll-milling solutions and ore concentrate production; planning, metallurgical test work, and scoping-level commercial evaluation to commence - targeting potential commencement in 2026

Vancouver, British Columbia and Boise, Idaho--(Newsfile Corp. - December 8, 2025) - Thunder Mountain Gold, Inc. (TSXV: THM) (OTCQB: THMG) (the "Company" or "Thunder Mountain") announces that MFD Investment Holdings SA ("MFD") has entered the options review phase with Ocean Partners USA, Inc. ("Ocean Partners"), a trader specializing in base and precious metals ores and concentrates to evaluate near-term production pathways, including toll milling, direct shipping ore and concentrate production at the Company`s South Mountain Mine. This work will be undertaken under the small-scale mining initiative between Thunder Mountain Gold Inc. and MFD Investment Holdings SA ("MFD") and coordinated by MFD (see news release dated September 8, 2025). The program is targeting potential commencement of operations in 2026, subject to metallurgical outcomes, commercial terms, permitting, and internal approvals. No production decision has been made.

"Engaging Ocean Partners at this stage allows MFD and Thunder Mountain Gold to evaluate pathways for near-term production-from metallurgical compatibility to commercial terms," commented Eric T. Jones, President & CEO of Thunder Mountain Gold. "The objective in this options review phase is to assemble decision-quality data on toll milling and ore concentrate production so we can select the most executable and economic route forward."

Options Review Phase - Workstreams

Metallurgical test work: Sample selection and testing to evaluate recoveries across all metals, product specifications, and compatibility with toll processing.
Processing pathways: Reviewing toll-milling and direct shipping/sales options with Ocean Partners and qualified processors, including production throughput and campaign scheduling.
Production scenarios: Evaluation of concentrates versus direct ship, or toll milling and blending scenarios for the silver, zinc, gold and copper recovery.
Sequencing and Services: Assessment of production sequencing and possibilities for third-party services in execution of the preferred pathway.
Production approaches for targeted areas, required services, and operational sequencing.
Commercial/Economic Evaluation: Scoping-level cash-flow and sensitivity work incorporating processing, transport, and indicative commercial terms.
Logistics & Compliance: High-level review of haulage, permitting interfaces, and product marketing considerations.

Thunder Mountain Gold will provide further updates as the options review phase advances and key milestones are reached.

About Ocean Partners

Ocean Partners is an international metals company focused on the marketing and trading, of base- and precious-metal ores and concentrates and facilitates toll-processing solutions with third-party receivers. The company works with producers to structure commercial pathways for ore, concentrates and related products across the project life cycle.

Regarding Thunder Mountain Gold, Inc.

Thunder Mountain Gold Inc., a junior exploration company founded in 1935, owns interests in base and precious metals projects in the western U.S. The Company's principal asset is The South Mountain Mine, a historic former Anaconda Mining development of zinc, silver, gold, lead, and copper, located on private land in Owyhee County Idaho. Thunder Mountain Gold also owns 100% of the Trout Creek Project - a gold exploration project located along the western flank of the Shoshone Mountain Range in the Reese River Valley, adjacent to and surrounded by Nevada Gold Mines, a Barrick and Newmont Gold, Inc. joint venture. For more information on Thunder Mountain Gold, please visit the Company's website at www.Thundermountaingold.com.

The South Mountain Project

The South Mountain Mine is a polymetallic development project containing high-grade zinc, silver, gold, and copper, and is located on private land approximately 70 miles southwest of Boise, Idaho. The Project is on private land, permitting has been, and should remain straightforward. The Project was intermittently mined from the late from 1940s to the late 1960s, by Anaconda Copper, with over 4,000 feet of underground developmental workings that that have been rehabilitated, re-engineered, and are MSHA compliant. Thunder Mountain Gold Inc. purchased and advanced the project from 2007 through Present, with expenditures into the project of approximately US$25 million. Historic test mining and processing at the Project has mostly come from high-grade Carbonate Replacement Deposits (CRD) and skarn zones that remain open at depth and along strike. According to historical smelter records, approximately 53,642 tons of mineralized material have been mined and direct shipped to the smelter, with average grades; 14.5% Zn, 10.6 o.p.t. Ag (363.42 g/t Ag), 0.058 o.p.t. Au (1.98 g/t Au), 1.4% Cu, and 2.4% Pb were realized (See SK-1300 Technical Resource Statement, and NI 43-101 Technical Report: Updated Mineral Resource Estimate for the South Mountain Project, dated December 31, 2023, and December 15, 2023, respectively. More details are available on the Thunder Mountain Gold Inc. website and at www.SEC.gov, and www.sedarplus.ca).

Technical Data in this Release

The technical information in this news release was reviewed and approved by Steven A. Osterberg, Ph.D., P.G., Q.P. consulting geologist, and a "Qualified Person" as defined by the U.S. SK-1300 regulations & National Instrument 43-101 (Canada) standards.

Forward-Looking Statements

This press release contains forward-looking statements that are based on the beliefs of management and reflect the Company's current expectations. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. The forward-looking statements are based on certain assumptions, which could change materially in the future. By their nature, forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking information. Forward-looking information is provided as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required in accordance with applicable laws.

Cautionary Note to Investors

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Thunder Mountain Gold, Inc.
Eric T. Jones
President and Chief Executive Officer
eric@thundermountaingold.com
Office: (208) 658-1037

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277214

Thunder Mountain Gold Closes US$2.5 Million Private Placement

Mon, 27 Oct 2025 09:55:00 -0400

Proceeds to Advance South Mountain and Corporate Growth Plans

Vancouver, British Columbia and Boise, Idaho--(Newsfile Corp. - October 27, 2025) - Thunder Mountain Gold, Inc. (TSXV: THM) (OTCQB: THMG) (the "Company" or "Thunder Mountain") announces it has closed its previously announced non-brokered private placement (the "Private Placement") for aggregate gross proceeds of US$2,500,000.

Investor highlights

Fully funded near-term work program: Proceeds are earmarked to advance South Mountain technical work (drilling, metallurgy, resource and mine planning studies) and for general working capital.
Simple, aligned structure: 10,000,000 units at US$0.25 per unit; each unit includes one common share and one-half common share purchase warrant. Each whole warrant is exercisable at US$0.40 until October 24, 2027.
Use of Proceeds: Funding supports a sequence of near-term technical and corporate milestones intended to advance the South Mountain Project, reduce project risk and advance step-out exploration.

CEO comment

Eric T. Jones, President & CEO, said, " This financing provides the capital needed to advance South Mountain. We appreciate the strong support from our investors, which underscores their confidence in our strategy, assets, management team, and long-term vision."

Financing details

Under the Private Placement, the Company issued 10,000,000 units (each, a "Unit") at a price of US$0.25 per Unit for gross proceeds of US$2,500,000. Each Unit consists of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one additional Common Share at a price of US$0.40 until October 24, 2027.

All securities issued pursuant to the Private Placement are subject to a statutory four-month hold period expiring February 24, 2026, in accordance with applicable Canadian securities laws and the policies of the TSX Venture Exchange.

The Private Placement was conducted pursuant to exemptions from prospectus and registration requirements of applicable securities laws and was made to accredited investors on a private placement basis. The securities offered have not been 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 within the United States or to "U.S. persons" (as defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from such registration requirements.

Final acceptance of the Private Placement remains subject to the TSX Venture Exchange.

Regarding Thunder Mountain Gold, Inc.

Thunder Mountain Gold Inc., a junior exploration company founded in 1935, owns interests in base and precious metals projects in the western U.S. The Company's principal asset is The South Mountain Mine, a historic former Anaconda Mining development of zinc, silver, gold, lead, and copper, located on private land in Owyhee County Idaho. Thunder Mountain Gold also owns 100% of the Trout Creek Project - a gold exploration project located along the western flank of the Shoshone Mountain Range in the Reese River Valley, adjacent to and surrounded by Nevada Gold Mines, a Barrick and Newmont Gold, Inc. joint venture. For more information on Thunder Mountain Gold, please visit the Company's website at www.Thundermountaingold.com.

The South Mountain Project

The South Mountain Mine is a polymetallic development project containing high-grade zinc, silver, gold, and copper, and is located on private land approximately 70 miles southwest of Boise, Idaho (See Figure 1 above). The Project is on private land, permitting has been, and should remain straightforward. The Project was intermittently mined from the late from 1940s to the late 1960s, most notably by Anaconda Copper, with over 4,000 feet of underground developmental workings that that have been rehabilitated, re-engineered, and are MSHA compliant. Thunder Mountain Gold Inc. purchased and advanced the project from 2007 through Present, with expenditures into the project of approximately US$25 million. Historic test mining and processing at the Project has mostly come from high-grade Carbonate Replacement Deposits (CRD) and skarn zones that remain open at depth and along strike. According to historical smelter records, approximately 53,642 tons of mineralized material have been mined and direct shipped to the smelter, with average grades; 14.5% Zn, 10.6 o.p.t. Ag (363.42 g/t Ag), 0.058 o.p.t. Au (1.98 g/t Au), 1.4% Cu, and 2.4% Pb were realized (See SK-1300 Technical Resource Statement, and NI 43-101 Technical Report: Updated Mineral Resource Estimate for the South Mountain Project, dated December 31, 2023, and December 15, 2023, respectively. More details are available on the Thunder Mountain Gold Inc. website and at www.SEC.gov, and www.sedar.com).

Technical Data in this Release

The technical information in this news release was reviewed and approved by Tyson Forbush, C.P.G., consulting geologist with GeoTech LLC, and a "Qualified Person" as defined by the U.S. SK-1300 regulations & National Instrument 43-101 (Canada) standards.

Forward-Looking Statements

This press release contains forward-looking statements that are based on the beliefs of management and reflect the Company's current expectations. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. The forward-looking statements are based on certain assumptions, which could change materially in the future. By their nature, forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking information. Forward-looking information is provided as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required in accordance with applicable laws.

Cautionary Note to Investors

For further information, please contact:

Thunder Mountain Gold, Inc.
Eric T. Jones
President and Chief Executive Officer
eric@thundermountaingold.com
Office: (208) 658-1037

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272034

Thunder Mountain Gold Inc. Announces Board Appointment

Fri, 03 Oct 2025 12:13:00 -0400

Vancouver, British Columbia and Boise, Idaho--(Newsfile Corp. - October 3, 2025) - Thunder Mountain Gold, Inc. (TSXV: THM) (OTCQB: THMG) (the "Company" or "Thunder Mountain") is pleased to announce the unanimous Board approval of the appointment of Mr. Ralph Noyes, current Board Member, as Chairman of the Board. This appointment will split the duties of the Chairmanship, from the President and Chief Executive Officers duties.

"We're excited to have Ralph serve in this leadership role," commented Eric T. Jones, President and CEO. "Ralph has served on the Thunder Mountain Gold Board since 2016, and has excellent board and executive level experience from his years as a mining company executive and consultant. He has proven exploration and development experience that will be instrumental as we advance our exploration and development plans."

Mr. Noyes is a seasoned international mining executive with over 45 years of experience. He has a wealth of experience in exploration, mine and project management, executive management, junior mining company boards, and investment portfolio management. Ralph spent a large part of his career as Manager of Mines and Vice President of Metal Mining with Hecla Mining Company, with direct corporate operations responsibility for Yellow Pine Mine – Stibnite Idaho (gold); Lucky Friday lead silver in Silver Valley, Idaho; Republic – Knob Hill Mine -gold silver in Washington state; The Escalante silver mine in Utah; and Hecla's interests in the Galena and Coeur Mine in the Silver Valley, Idaho, and the Greens Creek Mine in Alaska, along with the Rosebud Mine in Pershing County, Nevada. His group discovered and developed both the Golden Promise deposit in Republic and the Gold Hunter deposit near the Lucky Friday Mine in Idaho. Ralph also managed several massive sulfide, gold, beryllium, germanium and gallium projects across North America - from Mexico to Canada. Ralph most recently spent 15 years in investment portfolio management with Salomon Smith Barney, then Wells Fargo Advisors. He worked with individuals and small businesses, specializing in working with mining executives.

The appointment reflects Thunder Mountain Gold's continued commitment and vision to advancing the South Mountain resource to production and exploration of the South Mountain.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful.

Regarding Thunder Mountain Gold, Inc.

Thunder Mountain Gold Inc., a junior exploration company founded in 1935, owns interests in base and precious metals projects in the western U.S. The Company's principal asset is The South Mountain Mine, a historic former Anaconda Mining development of zinc, silver, gold, lead, and copper, located on private land in Owyhee County Idaho. Thunder Mountain Gold also owns 100% of the Trout Creek Project – a gold exploration project located along the western flank of the Shoshone Mountain Range in the Reese River Valley, adjacent to and surrounded by Nevada Gold Mines, a Barrick and Newmont Gold, Inc. joint venture. For more information on Thunder Mountain Gold, please visit the Company's website at www.Thundermountaingold.com.

The South Mountain Project

The South Mountain Mine is a polymetallic development project containing high-grade zinc, silver, gold, and copper, and is located on private land approximately 70 miles southwest of Boise, Idaho (See Figure 1 above). The Project is on private land, permitting has been, and should remain straightforward. The Project was intermittently mined from the late from 1940s to the late 1960s, most notably by Anaconda Copper, with over 4,000 feet of underground developmental workings that that have been rehabilitated, re-engineered, and are MSHA compliant. Thunder Mountain Gold Inc. purchased and advanced the project from 2007 through Present, with expenditures into the project of approximately US$25 million. Historic test mining and processing at the Project has mostly come from high-grade Carbonate Replacement Deposits (CRD) and skarn zones that remain open at depth and along strike. According to historical smelter records, approximately 53,642 tons of mineralized material have been mined and direct shipped to the smelter, with average grades; 14.5% Zn, 10.6 o.p.t. Ag (363.42 g/t Ag), 0.058 o.p.t. Au (1.98 g/t Au), 1.4% Cu, and 2.4% Pb were realized (See SK-1300 Technical Resource Statement, and NI 43-101 Technical Report: Updated Mineral Resource Estimate for the South Mountain Project, dated December 31, 2023, and December 15, 2023, respectively. More details are available on the Thunder Mountain Gold Inc. website and at www.SEC.gov, and www.sedarplus.ca).

Technical Data in this Release
The technical information in this news release was reviewed and approved by Tyson Forbush, C.P.G., consulting geologist with GeoTech LLC, and a "Qualified Person" as defined by the U.S. SK-1300 regulations & National Instrument 43-101 (Canada) standards.

Forward-Looking Statements

This press release contains forward-looking statements that are based on the beliefs of management and reflect the Company's current expectations. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. The forward-looking statements are based on certain assumptions, which could change materially in the future. By their nature, forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking information. Forward-looking information is provided as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required in accordance with applicable laws.

Cautionary Note to Investors

For further information, please contact:

Thunder Mountain Gold, Inc.
Eric T. Jones
President and Chief Executive Officer
eric@thundermountaingold.com
Office: (208) 658-1037

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269043

Thunder Mountain Gold Clarifies Private Placement Financing

Fri, 03 Oct 2025 00:40:00 -0400

Vancouver, British Columbia and Boise, Idaho--(Newsfile Corp. - October 3, 2025) - Thunder Mountain Gold, Inc. (TSXV: THM) (OTCQB: THMG) (the "Company" or "Thunder Mountain") is issuing this news release in order to clarify that the private placement announced in its news release disseminated earlier today (the "Original News Release") is for an aggregate of up to 10,000,000 units of the Company (each, a "Unit") at a price of US$0.25 (CAD$0.35) per Unit for gross proceeds of up to US$2,500,000 (CAD$3,500,000) (the "Private Placement"). The Original News Release had incorrectly referred to an offering of up to 1,000,000 Units but had correctly stated the aggregate offering proceeds of up to US$2,500,000 (CAD$3,500,000).

Each Unit will consist of one share of the Company's common stock (each, a "Common Share") and one-half common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one additional share of common stock of the Company at a price of US$0.40 (CAD$0.55) for a period of 24 months from the date of issuance. Subject to regulatory approval, the Company may close the Private Placement in one or more tranches.

The proceeds raised pursuant to the Private Placement will be used for exploration and for general working capital.

The Company has received the conditional approval of the TSX Venture Exchange to the completion of the Private Placement and closing remains subject to satisfaction to the conditions required by the TSX Venture Exchange.

The Private Placement will be made on a private placement basis to accredited investors only pursuant to exemptions from prospectus and registration requirements of applicable securities laws. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States or to "U.S. persons", as such term is defined in Regulation S promulgated under the U.S. Securities Act, except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws, or pursuant to exemptions therefrom. The securities issued in the Private Placement will be "restricted securities" under the U.S. Securities Act. The securities issued in the Private Placement will be subject to a four-month hold period in accordance with the policies of the TSX Venture Exchange and applicable Canadian securities legislation.

Regarding Thunder Mountain Gold, Inc.

Thunder Mountain Gold Inc., a junior exploration company founded in 1935, owns interests in base and precious metals projects in the western U.S. The Company's principal asset is The South Mountain Mine, a historic former Anaconda Mining development of zinc, silver, gold, lead, and copper, located on private land in Owyhee County Idaho. Thunder Mountain Gold also owns 100% of the Trout Creek Project - a gold exploration project located along the western flank of the Shoshone Mountain Range in the Reese River Valley, adjacent to and surrounded by Nevada Gold Mines, a Barrick and Newmont Gold, Inc. joint venture. For more information on Thunder Mountain Gold, please visit the Company's website at www.Thundermountaingold.com.

The South Mountain Project

The South Mountain Mine is a polymetallic development project containing high-grade zinc, silver, gold, and copper, and is located on private land approximately 70 miles southwest of Boise, Idaho (See Figure 1 above). The Project is on private land, permitting has been, and should remain straightforward. The Project was intermittently mined from the late from 1940s to the late 1960s, most notably by Anaconda Copper, with over 4,000 feet of underground developmental workings that that have been rehabilitated, re-engineered, and are MSHA compliant. Thunder Mountain Gold Inc. purchased and advanced the project from 2007 through Present, with expenditures into the project of approximately US$25 million. Historic test mining and processing at the Project has mostly come from high-grade Carbonate Replacement Deposits (CRD) and skarn zones that remain open at depth and along strike. According to historical smelter records, approximately 53,642 tons of mineralized material have been mined and direct shipped to the smelter, with average grades; 14.5% Zn, 10.6 o.p.t. Ag (363.42 g/t Ag), 0.058 o.p.t. Au (1.98 g/t Au), 1.4% Cu, and 2.4% Pb were realized (See SK-1300 Technical Resource Statement, and NI 43-101 Technical Report: Updated Mineral Resource Estimate for the South Mountain Project, dated December 31, 2023, and December 15, 2023, respectively. More details are available on the Thunder Mountain Gold Inc. website and at www.SEC.gov, and www.sedarplus.ca).

Forward-Looking Statements

This press release contains forward-looking statements that are based on the beliefs of management and reflect the Company's current expectations. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. The forward-looking statements are based on certain assumptions, which could change materially in the future. By their nature, forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking information. Forward-looking information is provided as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required in accordance with applicable laws.

Cautionary Note to Investors

For further information, please contact:

Thunder Mountain Gold, Inc.
Eric T. Jones
President and Chief Executive Officer
eric@thundermountaingold.com
Office: (208) 658-1037

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269004

Thunder Mountain Gold Announces Private Placement Financing

Thu, 02 Oct 2025 10:08:00 -0400

Vancouver, British Columbia and Boise, Idaho--(Newsfile Corp. - October 2, 2025) - Thunder Mountain Gold, Inc. (TSXV: THM) (OTCQB: THMG) (the "Company" or "Thunder Mountain") is pleased to announce that its board of directors has approved a non-brokered private placement of up to 1,000,000 units of the Company (each, a "Unit") at a price of US$0.25 (CAD$0.35) per Unit for gross proceeds of up to US$2,500,000 (CAD$3,500,000) (the "Private Placement"). Each Unit will consist of one share of the Company's common stock (each, a "Common Share") and one-half common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one additional share of common stock of the Company at a price of US$0.40 (CAD$0.55) for a period of 24 months from the date of issuance. Subject to regulatory approval, the Company may close the Private Placement in one or more tranches.

The proceeds raised pursuant to the Private Placement will be used for exploration and for general working capital.

The Company has received conditional approval of the TSX Venture Exchange to the completion of the Private Placement and closing remains subject to satisfaction to the conditions required by the TSX Venture Exchange.

Regarding Thunder Mountain Gold, Inc.

Thunder Mountain Gold Inc., a junior exploration company founded in 1935, owns interests in base and precious metals projects in the western U.S. The Company's principal asset is The South Mountain Mine, a historic former Anaconda Mining development of zinc, silver, gold, lead, and copper, located on private land in Owyhee County Idaho. Thunder Mountain Gold also owns 100% of the Trout Creek Project - a gold exploration project located along the western flank of the Shoshone Mountain Range in the Reese River Valley, adjacent to and surrounded by Nevada Gold Mines, a Barrick and Newmont Gold, Inc. joint venture. For more information on Thunder Mountain Gold, please visit the Company's website at www.Thundermountaingold.com.

The South Mountain Project

The South Mountain Mine is a polymetallic development project containing high-grade zinc, silver, gold, and copper, and is located on private land approximately 70 miles southwest of Boise, Idaho (See Figure 1 above). The Project is on private land, permitting has been, and should remain straightforward. The Project was intermittently mined from the late from 1940s to the late 1960s, most notably by Anaconda Copper, with over 4,000 feet of underground developmental workings that that have been rehabilitated, re-engineered, and are MSHA compliant. Thunder Mountain Gold Inc. purchased and advanced the project from 2007 through Present, with expenditures into the project of approximately US$25 million. Historic test mining and processing at the Project has mostly come from high-grade Carbonate Replacement Deposits (CRD) and skarn zones that remain open at depth and along strike. According to historical smelter records, approximately 53,642 tons of mineralized material have been mined and direct shipped to the smelter, with average grades; 14.5% Zn, 10.6 o.p.t. Ag (363.42 g/t Ag), 0.058 o.p.t. Au (1.98 g/t Au), 1.4% Cu, and 2.4% Pb were realized (See SK-1300 Technical Resource Statement, and NI 43-101 Technical Report: Updated Mineral Resource Estimate for the South Mountain Project, dated December 31, 2023, and December 15, 2023, respectively. More details are available on the Thunder Mountain Gold Inc. website and at www.SEC.gov, and www.sedar.com).

Technical Data in this Release

Forward-Looking Statements

This press release contains forward-looking statements that are based on the beliefs of management and reflect the Company's current expectations. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. The forward-looking statements are based on certain assumptions, which could change materially in the future. By their nature, forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking information. Forward-looking information is provided as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required in accordance with applicable laws.

Cautionary Note to Investors

For further information, please contact:

Thunder Mountain Gold, Inc.

Eric T. Jones
President and Chief Executive Officer
eric@thundermountaingold.com
Office: (208) 658-1037

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268877

Thunder Mountain Gold and MFD Establish Small-Scale Production Agreement at South Mountain

Mon, 08 Sep 2025 08:00:00 -0400

THMG to operate while MFD Investment Holdings SA to fund 100% in a non-dilutive Venture

Boise, Idaho and Zug, Switzerland--(Newsfile Corp. - September 8, 2025) - Thunder Mountain Gold, Inc. (OTCQB: THMG) (TSXV: THM) ("Thunder Mountain Gold" or the "Company") and MFD Investment Holdings SA ("MFD") have executed a small-scale production agreement (the "Agreement") for the South Mountain Project in Owyhee County, Idaho (the "Project"). Under the small-scale production Agreement, Thunder Mountain Gold will serve as operator (the "Operator"), and MFD will fund 100% of the qualifying capital required to advance to small-scale production. Following commencement of production, project revenues from small-scale production will be allocated 80% to MFD and 20% to THMG until MFD has recovered 1.5× its qualifying capital investment; thereafter revenues will be shared 50/50 until 1.5 million tonnes are mined; then all revenues and production are 100% allocated to Thunder Mountain Gold. Implementation remains subject to permitting, definitive budgets, and customary approvals. The Agreement will be implemented under the option agreement between the Company and MFD dated January 14, 2025 (as amended, the "Option Agreement"), as amended by agreement dated September 4, 2025 (the "Amendment"). Under the Option Agreement, the Company will grant to MFD the option to acquire a 10% interest in the South Mountain Project by MFD incurring an aggregate of $1.0 million in exploration expenditures on the Project by October 31, 2026 (the "Option"). Investors are referred to the Form 8-K filed concurrently for a detailed summary of the material provisions of the Option Agreement.

"Advancing selective small-scale production without issuing equity keeps our balance sheet intact, creates positive cash flow, and positions the Company to pursue resource growth. We believe this combination of non-dilutive funding, operator control, and continued exploration focus-best supports shareholder value over time," commented Eric T. Jones, President & CEO.

Strategic Rationale for Thunder Mountain Gold

Non-dilutive pathway to potential cash flow: MFD carries the qualifying capital through initial small-scale production; no change to THMG share capital is contemplated by the Agreement.
Operator control retained by THMG: Planning and execution remain with the Company as Operator.
Parallel value creation: The framework allows THMG to focus on exploration and potential resource expansion while small-scale production may generate non-dilutive cash flow.
No impact on full-scale project economics: The revenue waterfall applies only to small-scale production and does not alter the economics of the existing Option Agreement or any future full-scale development.

Principal Terms - Small-Scale Production Right

Operator: Thunder Mountain Gold (THMG).
Funding: MFD funds 100% of qualifying capital to achieve small-scale production.
Term/Cap: Right ends at the earlier of 10 years or 1.5 million tonnes of cumulative economic ore.
Revenue Allocation: 80% MFD / 20% THMG until 1.5× MFD payback on qualifying capital; 50/50 thereafter until the Term/Cap is achieved.
Scope: Applies only to small-scale production revenues; no change to Option Agreement economics.

Option Agreement - Unchanged, with Date Extension

Earn-in: MFD may earn 10% equity in South Mountain Mines, Inc. (SMMI) by investing US$1,000,000.
Schedule: Earn-in deadline extended to October 31, 2026.
Credit of Project Expenditures: Mutually approved Expenditures under the Agreement will be credited toward the US$1,000,000 threshold.
All other Option Agreement provisions remain in full force and effect.

Disclosure Logistics and Future Clarifications

THMG's NI 43-101 requirements and MFD's non-issuer disclosures are expected to be addressed with the definitive final JV agreement. Items such as precise small-scale production area limits, definitions of "material" budget changes, and governance structures (e.g., a technical committee) may likewise be finalized at that time. The Agreement is intentionally streamlined at this stage.

The South Mountain Project

The South Mountain Mine is a polymetallic development project containing high-grade zinc, silver, gold, and copper, and is located on private land approximately 70 miles southwest of Boise, Idaho (See Figure 1 above). The Project is on private land, permitting has been, and should remain straightforward. The Project was intermittently mined from the late from 1940s to the late 1960s, most notably by Anaconda Copper, with over 4,000 feet of underground developmental workings that that have been rehabilitated, re-engineered, and are MSHA compliant. Thunder Mountain Gold Inc. purchased and advanced the project from 2007 through Present, with expenditures into the project of approximately US$25 million. Historic test mining and processing at the Project has mostly come from high-grade Carbonate Replacement Deposits (CRD) and skarn zones that remain open at depth and along strike. According to historical smelter records, approximately 53,642 tons of mineralized material have been mined and direct shipped to the smelter, with average grades; 14.5% Zn, 10.6 o.p.t. Ag (363.42 g/t Ag), 0.058 o.p.t. Au (1.98 g/t Au), 1.4% Cu, and 2.4% Pb were realized (See SK-1300 Technical Resource Statement, and NI 43-101 Technical Report: Updated Mineral Resource Estimate for the South Mountain Project, dated December 31, 2023, and December 15, 2023, respectively. More details are available on the Thunder Mountain Gold Inc. website and at www.SEC.gov, and www.sedarplus.ca).

Technical Data in this Release

Regarding Thunder Mountain Gold, Inc.

Thunder Mountain Gold Inc., a junior exploration company founded in 1935, owns interests in base and precious metals projects in the western U.S. The Company's principal asset is The South Mountain Mine, a historic former Anaconda Copper Company development of zinc, silver, gold, lead, and copper, located on private and public lands in Owyhee County Idaho. Thunder Mountain Gold also owns 100% of the Trout Creek Project - a gold exploration project located along the western flank of the Shoshone Mountain Range in the Reese River Valley, adjacent to and surrounded by Nevada Gold Mines, a Barrick and Newmont Gold, Inc. joint venture. For more information on Thunder Mountain Gold, please visit the Company's website at www.Thundermountaingold.com.

Forward-Looking Statements

This press release contains forward-looking statements that are based on the beliefs of management and reflect the Company's current expectations. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. The forward-looking statements are based on certain assumptions which could change materially in the future. By their nature, forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Investors should refer to THMG's Form 10-K, and Form 10-Q reports, for a more detailed discussion of risks that may impact future results. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking information. Forward-looking information is provided as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required in accordance with applicable laws.

Cautionary Note to Investors

This news release is intended for release in the United States only. Neither the TSX Venture Exchange, the OTCQB, nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Thunder Mountain Gold, Inc.
Eric T. Jones
President and Chief Executive Officer
Eric@thundermountaingold.com
Office: (208) 658-1037

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265462

Thunder Mountain Gold Launches Phase II Field Exploration at South Mountain Project, Idaho

Wed, 06 Aug 2025 08:01:00 -0400

Program includes deep-sensing Magnetotelluric (MT) survey and geophysical work led by a renowned exploration team

Key elements of Phase II exploration include:

Magnetotelluric (MT) geophysics to investigate potential deep-seated porphyry centers.
Extension and refinement of IP geophysical surveys across key zones of the project.
Porphyry-focused mapping and sampling programs to validate and extend historical geochemical anomalies.
Structural geological studies to refine drill targeting, improve geological models, and identify the structural controls of the mineralized system.

Boise, Idaho--(Newsfile Corp. - August 6, 2025) - Thunder Mountain Gold Inc. (OTCQB: THMG) (TSXV: THM) ("Thunder Mountain" or the "Company") is pleased to announce the commencement of Phase II field exploration at its South Mountain Project in Owyhee County, Idaho. This advanced exploration campaign marks a significant step in targeting deeper porphyry systems and expanding the footprint of the known Carbonate Replacement Deposits (CRD)/skarn mineralization.

Building on the success of earlier fieldwork, the Phase II program integrates deep-penetrating geophysical tools and the expertise of a multidisciplinary team. Central to this phase is a state-of-the-art Magnetotelluric (MT) survey, designed to image conductive anomalies at depth that may reflect porphyry copper-molybdenum systems beneath the known high-grade zones.

Figure 1. Location of South Mountain Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8664/261413_7b0e6a56a40bbaf6_002full.jpg

Exploration Technical Team:

The Phase II geophysical program is being directed by a well known multi-disciplinary technical team with decades of exploration success and multiple discoveries to their credit:

John Reynolds - Durango Geophysical Operations: Leading the acquisition and interpretation of IP and MT datasets. John is credited with the geophysical discoveries of the Las Colinas/Los Planes gold deposit in Baja California Mexico and the Boa Esperança copper-cobalt deposit in the Tucuma region of Para, Brazil. John led early geophysical programs at South Mountain with Dr. Phil Hallof —considered the father of modern induced polarization and member of the Canadian Mining Hall of Fame.

Rich Leveille - Consulting Exploration Geologist: Overseeing porphyry copper-molybdenum mapping and sampling. Rich's career includes discovery leadership roles at Penasquito (Kennecott), Sossego-Sequeirinho (Phelps Dodge), and most recently, as Senior VP Exploration at Freeport-McMoRan. His work has contributed to global copper reserves and earned him the PDAC Thayer Lindsley International Discovery Award.

Dr. Stephen J. Reynolds - Arizona State University (Emeritus): Guiding structural geology and regional interpretation. Dr. Reynolds is recognized for redefining gold system models in southern Baja California and has led exploration initiatives for porphyry and precious metal systems across the western U.S. and Mexico.

Dale Moore - Tamarack Geological Services: Providing 3D geological, geochemical, and geophysical modeling using Leapfrog. Dale was instrumental in the Galena GIP exploration program, which greatly added to the silver resource base of Americas Gold and Silver.

Karen Christopherson - Chinook Geoconsulting: Interpreting MT geophysical data with advanced 2D/3D modeling techniques. Karen's work is key to locating deep porphyry centers beneath the current South Mountain mineralization.

"The launch of Phase II reflects our commitment to unlocking the full scale of the South Mountain system," commented Eric T. Jones, President & CEO of Thunder Mountain. "With John Reynolds and our extended technical team, we're executing the most comprehensive and technically advanced exploration campaigns in the Company's history. These efforts will significantly enhance our understanding of the deeper copper-molybdenum porphyry potential while advancing South Mountain as one of the more compelling high-grade CRD systems in North America."

Next Steps:

The MT and IP surveys will be conducted through late summer, while interpretation and 3D modeling will follow in Q4 2025. Drill target prioritization is underway for a potential late-year 2025 or early 2026 program. All activities are being completed in alignment with Thunder Mountain's permitting framework on private land, ensuring an efficient path toward project development.

Qualified Person(s) Statement for the Technical Data in this Release

The South Mountain Project

The South Mountain Mine is a polymetallic development project containing high-grade zinc, silver, gold, and copper, and is located on private land approximately 70 miles southwest of Boise, Idaho (See Figure 1 above). The Project is on private land, permitting has been, and should continue to be a clear-cut process. The Project was intermittently mined from the late from 1940s to the late 1960s, most notably by Anaconda Mining, with over 4,000 feet of underground developmental workings that that have been rehabilitated, re-engineered, and MSHA compliant. Thunder Mountain Gold Inc. purchased and advanced the project from 2007 through Present, with expenditures into the project of approximately US$25 million. Historic test mining and processing at the Project has mostly come from high-grade CRD and skarn zones that remain open at depth and along strike. According to historical smelter records, approximately 53,642 tons of mineralized material have been mined and direct shipped to the smelter, with average grades; 14.5% Zn, 10.6 o.p.t. Ag (363.42 g/t Ag), 0.058 o.p.t. Au (1.98 g/t Au), 1.4% Cu, and 2.4% Pb were realized (See SK-1300 Technical Resource Statement, and NI 43-101 Technical Report: Updated Mineral Resource Estimate for the South Mountain Project, dated December 31, 2023, and December 15, 2023, respectively. More details are available on the Thunder Mountain Gold Inc. website and at www.SEC.gov, and www.sedarplus.ca).

Regarding Thunder Mountain Gold, Inc.

OTHER COMPANY NEWS:

The Company has reserved Wednesday, December 3, 2025, for its annual shareholder meeting. Further details will be distributed to shareholders in the upcoming Proxy Statement.

Forward-Looking Statements

Cautionary Note to Investors

For further information, please contact:

Thunder Mountain Gold, Inc.
Eric T. Jones
President and Chief Executive Officer
Eric@thundermountaingold.com
Office: (208) 658-1037

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261413

Thunder Mountain Kicks Off 2025 Exploration at South Mountain

Mon, 07 Jul 2025 08:00:00 -0400

Field work underway as preparation begins for the upcoming drilling campaign

Boise, Idaho--(Newsfile Corp. - July 7, 2025) - Thunder Mountain Gold, Inc. (OTCQB: THMG) (TSXV: THM) (the "Company") is excited to announce that field work for the 2025 Exploration season has begun at its flagship South Mountain Mine project in Owyhee County, Idaho. The intensive field exploration program is the first step in preparations for a planned drilling program later this season once targets are generated through interpretation of the geologic, geochemical and geophysical data through visualization of the data in the 3-D Leapfrog software.

The Company has mobilized geologists, geophysicists and techs to conduct geological mapping, sampling, and advanced geophysical surveys across critical zones at South Mountain. These activities are designed to refine and expand target areas, while updating existing structural and stratigraphic models in advance of drilling.

This phase of fieldwork includes:

Comprehensive surface mapping and chip-channel sampling across key carbonate replacement deposits (CRD)_/skarn and porphyry-hosted zones.
Draped Magnetic and Magnetotelluric (MT) surveys to delineate continuity of high-grade lenses and deep-seated targets.
Ground truthing and follow-up on historical IP/geochemical anomalies to advance drill target confidence.
Georeferencing historic data from Anaconda Mining and others into the model.

"The 2025 exploration program at South Mountain highlights our clear focus on moving the project toward drilling and resource expansion," commented Eric T. Jones, President & CEO. "With the upgraded technical database -- including targeted geophysical and geochemical data -- we are confident this will guide a highly-productive drill campaign. Field work now sets the stage for what we believe could be a pivotal phase in South Mountain's development."

Next steps:
Following the completion of this phase of field program, Thunder Mountain plans to interpret the data and generate drill targets for Q4 drilling. Permitting for drilling is in progress, leveraging existing approvals for underground and surface exploration.

Regarding Thunder Mountain Gold, Inc.

Thunder Mountain Gold Inc., a junior exploration company founded in 1935, owns interests in base and precious metals projects in the western U.S. The Company's principal asset is The South Mountain Mine, a historic former Anaconda Mining producer of zinc, silver, gold, lead, and copper, located on private land in Owyhee County Idaho. Thunder Mountain Gold also owns 100% of the Trout Creek Project - a gold exploration project located along the western flank of the Shoshone Mountain Range in the Reese River Valley, adjacent to and surrounded by Nevada Gold Mines, a Barrick and Newmont Gold, Inc. joint venture. For more information on Thunder Mountain Gold, please visit the Company's website at www.Thundermountaingold.com.

The South Mountain Project

The South Mountain Mine is a polymetallic development project containing high-grade zinc, silver, gold, and copper, and is located approximately 70 miles southwest of Boise, Idaho. The Project is on private land, permitting has been, and should continue to be a clear-cut process. The Project was intermittently mined from the late from 1940s to the late 1960s, most notably by Anaconda Mining. Over 4,000 feet of underground workings have been MSHA compliantly rehabilitated, re-engineered, and maintained in preparation for mining. Thunder Mountain Gold Inc. purchased and advanced the project from 2007 through Present, with expenditures into the project of approximately US$25 million. Historic test mining and processing at the Project has mostly come from high-grade CRD and skarn zones that remain open at depth and along strike. According to historical smelter records, approximately 53,642 tons of mineralized material were mined and direct shipped to the historic Toole Utah smelter, with average grades of; 14.5% Zn, 10.6 o.p.t. Ag (363.42 g/t Ag), 0.058 o.p.t. Au (1.98 g/t Au), 1.4% Cu, and 2.4% Pb were realized (See SK-1300 Technical Resource Statement, and NI 43-101 Technical Report: Updated Mineral Resource Estimate for the South Mountain Project, dated December 31, 2023, and December 15, 2023, respectively. More details are available at www.thundermountaingold.com, and at www.SEC.gov, and www.sedar.com).

Forward-Looking Statements

This press release contains forward-looking statements that are based on the beliefs of management and reflect the Company's current expectations. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. The forward-looking statements are based on certain assumptions, which could change materially in the future. By their nature, forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking information. Forward-looking information is provided as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required in accordance with applicable laws.

Cautionary Note to Investors

Qualified Person(s) Statement for the Technical Data in this Release

The technical information in this news release has been reviewed and approved by Tyson Forbush, C.P.G., consulting Geologist with GeoTech LLC, and a "Qualified Person" as defined by the U.S. SK-1300 regulations & National Instrument 43-101 (Canada) standards.

For further information, please contact:

Thunder Mountain Gold Inc.
Eric T. Jones
President and Chief Exécutive Officer
(208) 658-1037

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257783