Thunder Gold Identifies New Gold Zone at Surface near Thunder Bay

Thunder Gold Corp is providing the following diamond drill core assay results from the P-Target, within it's 100%-owned, 2,500 hectare, Tower Mountain Gold Property (the "Property" or "Tower Mountain"), located in the Shebandowan Greenstone Belt, 50 kilometres west of the international port city of Thunder Bay, Ontario.
Highlights:
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TM24-152: 1.93 g/t Au over 54.2 metres including 3.64 g/t Au over 10.5 metres.
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TM24-151: 1.77 g/t Au over 25.5 metres including 3.55 g/t Au over 7.6 metres.
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TM24-153: 1.42 g/t Au over 31.6 metres including 2.03 g/t Au over 15.0 metres.
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TM24-160: 0.93 g/t Au over 41.8 metres including 1.06 g/t Au over 15.0 metres.
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All 13 drill holes intersected sustained gold grades greater than 0.30 g/t Au over intervals ranging from 10 to 50 metres suggesting large tonnage low-grade gold resource potential.
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Mineralization starts at surface and is continuous, down-dip, for up to 50 metres.
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Mineralization remains open in all directions.
Wes Hanson, President and CEO stated, "This is the most significant set of drill hole results at Tower Mountain in 50 years. Confirming gold mineralization along the eastern margin of the Tower Mountain Intrusive Complex ("TMIC") has been my priority since I joined the Company in 2022. The historical drilling (190 holes, 41,000 metres) along the western TMIC contact defines a conceptual exploration target that we estimate to be between 40 to 80 million tonnes averaging 0.80 to 1.20 g/t Au. Establishing mineralization of similar grade and thickness along the eastern perimeter, a mere 1,200 metres to the east, significantly increases our confidence that we can grow towards a Tier One gold discovery. All 13 holes returned sustained gold grades over wide intervals. The projected mineralized trend lies entirely within our 100% owned mineral title. All mineralization lies within a 1,200-metre radius of the TMIC center, providing a compact footprint which benefits exploration efficiency. With all necessary infrastructure in place, Tower Mountain offers a truly unique combination of size, grade predictability, world class infrastructure and a premium mining jurisdiction that cannot be matched."
In this current drilling program, the Company completed 13 shallow drill holes, totalling 753.5 metres from November 28 through December 8, 2024. The holes all tested the subsurface outcrop exposure identified in November 2024 that returned significant gold values from two parallel, continuous, saw-cut channel samples, including TMCH24-01; 4.93 g/t Au over 24.87 metres and TMCH24-02; 2.78 g/t Au over 20.57 metres (see TGOL news release dated November 25, 2025).
The drilling program established consistent gold mineralization along an approximate 125-metre strike length with an estimated true width ranging from 20 to 45 metres. Mineralization sub-crops at surface and is drill traced to a depth of 45 metres. Overburden was generally less than 3.0 metres and typically included mineralized boulders. Mineralization remains open along the interpreted strike and down dip. The mineralized trend lies entirely within the Company's current, 100%-owned claim package at Tower Mountain, within a 1,200-metre radius from the centre of the TMIC. Table 1.0 presents the summary drill hole parameters and core assay results of all 13 completed diamond drill holes.
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