Thunderstruck Resources Ltd. (The 'Company') announces that it has arranged a private placement of up to $250,000.

The non-brokered private placement involves the sale of up to 1,666,667 units at a price of $0.15 per unit for aggregate gross proceeds of $250,000. Each unit will comprise one common share and one share purchase warrant. Each whole warrant entitles the holder to purchase a further common share at a price of $0.20 per share for a period of 36 months.

The warrants will be subject to accelerated exercise provisions such that if the closing price of the Company's common shares exceeds $0.30 per share for a period of 20 consecutive trading days, the Company may give notice of the acceleration of the warrants' term to a period of 30 days following such notice. Finder's fees may be payable in accordance with the policies of the TSX Venture Exchange. Proceeds of the placement will be utilized as working capital. The placement is subject to regulatory approval, including the approval of the TSX Venture Exchange. Directors and officers of the Company may acquire securities under the Placement, which participation would be considered to be a 'related party transaction' as defined under the Multilateral Instrument 61-101 ('MI 61-101'). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

The Company reserves the right to increase the number of Units issued pursuant to the Placement to up to 3,333,333 Units for up to total gross proceeds of $500,000. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities 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 may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available

About Thunderstruck Resources

Thunderstruck Resources is a Canadian mineral exploration company focused on the discovery of high value gold-silver epithermal and copper-gold porphyry deposits on the main island of Viti Levu in Fiji. Fiji has a long history of mining with over 75 years of activity at the prolific Vatukoula Gold Mine alongside several advanced development projects including Tuvatu (Lion One LIO:TSX.V), Indicated Resources of 1.00 Mt @ 8.48 g/t Au (274,600 oz), Inferred Resources of 1.33 Mt @ 9.0 g/t Au (384,000 oz) (Tuvatu-PEA-Update-NI-43-101) and Namosi (Newcrest Mining NCM:ASX), Proven, Measured and Indicated Resources of 1.8Bt at 0.35% Cu and 0.11 g/t Au (6.4M oz Au and 6.3Mt Cu) (Newcrest Annual Mineral Resources Update, June 2022). The Company provides investors with exposure to a diverse portfolio of exploration stage projects with potential for zinc, copper, gold and silver in a politically safe and stable jurisdiction. Thunderstruck trades on the Toronto Venture Exchange (TSX-V) under the symbol 'AWE' and United States OTC under the symbol 'THURF.'

Contact:

Tel: 1-604-349-8119

This news release contains certain statements that may be deemed 'forward-looking statements'. Although Thunderstruck believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Thunderstruck's management on the date the statements are made. Except as required by law, Thunderstruck undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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