Thunder Gold Corp. announce final results from the 4,000 metre Phase One drilling program at the Tower Mountain Gold Property, 50-km west of Thunder Bay, Ontario, which confirm the expected outline of a large-tonnage, low-grade gold mineral resource. Results are provided at cut-off grades of 0.00 (entire hole), 0.10 and 0.30 g/t Au, respectively.

The Company considers 0.30 g/t Au to be an appropriate cut-off grade for a large- tonnage, low-grade mineral resource. In addition, a minimum horizontal width of 6.0 metres, was used to filter reported intervals. A minimum 50% of the horizontal interval must exceed the cut-off grade and the average grade of the interval reported must be greater than the cut-off grade.

Individual sample results greater than 15.0 g/t Au have been capped to 15.0 g/t Au. Phase One drilling focused on the strongest, N-S trending, IP chargeable anomaly identified in the 2020 IP survey. The drilling program was designed to test the observed direct correlation between elevated gold grades and IP chargeability identified from analysis of historical data.

Holes TM23-136 through 143 were drilled due east and spaced on 100-metre sections perpendicular to the longitudinal axis of the strongest, undrilled, IP chargeable anomaly identified to-date. The IP anomaly is oriented in a N-S direction, parallel to the inferred lithological contact between dominantly volcanic rocks to the west with the alkalic intrusive rocks of the Tower Mountain Intrusive Complex to the east. Drilling indicates that the volcanic rocks suffered intense brittle deformation.

Approximately 25% of the contact area consists of variable intrusive rocks ranging from feldspar porphyries to fine grained syenites. Approximately 50% of the intrusive suite is gold bearing and appears to upgrade the baseline gold contained in the volcanic rocks. The contact (and associated IP chargeable anomaly) extends over 1,000 metres to the north and scant historical drilling tested the chargeable anomaly.

Holes TM23-144 to 147 were all drilled due south, checking an inferred E-W response identified in historical literature and demonstrated in some of the IP 3D-inversions. Hole TM23-144, on the fringe of the A-Ellen gap returned low-tenor gold grades. Holes TM23-145 and 146, the most distal holes to the TMIC, did not return any significant mineralized intercepts of note.

Hole TM23-147, the final hole completed, was drilled at the northern limit of the interpreted chargeable anomaly probing for the Crayfish Fault, a regional scale E-W trending fault near the northern limit of the Property.