Blue Thunder Mining Inc. announced a private placement of 10,714,285 hard dollar shares at a price of CAD 0.07 per share for the gross proceeds of a minimum of CAD 749,999.95 and 3,333,333 flow-through shares at a price of CAD 0.075 per share for the gross proceeds of up to CAD 249,999.975 for the total gross proceeds of CAD 999,999.925 on November 13, 2023. The transaction will include participation from new investor, IAMGOLD Corporation for hard dollar component for CAD 500,000 and Chad Williams is subscribing for 1,628,571 hard dollar shares for the gross proceeds of CAD 113,999.97 and 1,146,666 flow through shares for the gross proceeds of CAD 85,999.95; aggregate total gross proceeds to the company of CAD 199,999.92. The closing dates for the private placement are expected to occur on or before November 17, 2023, for the HD shares and December 1, 2023, for the FT shares and is subject to the completion of formal documentation and receipt of the approval of the TSX Venture Exchange.

The HD shares and FT shares sold in the private placement will be subject to a four month hold period from the date of closing of the private placement under applicable Canadian securities laws.