Thunderbird Entertainment Group Inc. announced that it has entered into a cooperation agreement with Voss Capital LLC. The Cooperation Agreement includes the appointment of two new independent directors put forward by Voss, Asha Daniere and Mark Trachuk (the “Appointees”) to the Board of Directors of Thunderbird (the “Board”) effective immediately, as well as the nomination of a third independent director to be identified by the Company from the nominees put forward by Voss for election to the Board (the “Additional Director”) at the Company's upcoming 2022 annual general and special meeting of shareholders scheduled for March 6, 2023. The Appointees have replaced two independent Thunderbird directors, Marni Wieshofer (Interim Chair of the Board and Chair of the Audit Committee) who has agreed to step down from the Board and Frank Giustra, who has resigned from the Board.

Thunderbird thanks Ms. Wieshofer and Mr. Giustra for their significant contributions to the Company. Continuing on the Board are Jennifer Twiner McCarron (CEO), Azim Jamal, Linda Michaelson, and Jérôme Levy (the “Continuing Directors”). Ms. Twiner McCarron has taken on the additional role as Chair of the Board, and Mr. Trachuk has been appointed Lead Independent Director and will serve as interim Chair of the Audit Committee.