Thunder Gold Announces the Resignation of Bonnie Lyn de Bartok as a Director

Rhea-AI Summary

Thunder Gold Corp (TSXV: TGOL, FSE: Z25, OTCQB: TGOLF) announced the resignation of Bonnie Lyn de Bartok from its Board of Directors, effective July 30th, 2024. De Bartok is leaving to focus on a private, unrelated business venture. The company, formerly known as White Metal Resources Corp, will be seeking a suitable replacement for her position.

CEO Wes Hanson expressed appreciation for de Bartok's contributions, particularly in the area of Environmental, Social, and Governance (ESG) issues. De Bartok, in turn, conveyed her enjoyment working with the management and Board members of Thunder Gold, and wished the team success in developing their Tower Mountain project.

Positive

• Board member's departure allows for potential fresh perspectives in governance
• Company acknowledges the importance of ESG expertise in its operations

Negative

• Loss of a board member with specific ESG expertise
• Potential temporary gap in board composition until a replacement is found

Thunder Bay, Ontario--(Newsfile Corp. - August 6, 2024) - Thunder Gold Corp (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) (formerly White Metal Resources Corp) ("Thunder Gold" or "the Company") announces that Bonnie Lyn de Bartok has resigned from the Board effective July 30^th, 2024, to pursue a private, unrelated business. The Board will be seeking a suitable replacement for her position.

Wes Hanson, CEO, commented, "We have appreciated Bonnie Lyn's efforts and support, particularly regarding issues of ESG, which is her distinct area of expertise. We wish her great success in the development of her new business and thank her for her contribution to the Thunder Gold Board."

Bonnie Lyn de Bartok stated, "I have thoroughly enjoyed working with both management and the Board members of Thunder Gold. It makes sense for me to step off the Board at this time so I can concentrate my efforts on building out my new company. I wish the team at Thunder Gold tremendous success as they continue to develop their Tower Mountain project."

About the Tower Mountain Gold Property

The 100%-owned Tower Mountain Gold Property is located adjacent to the Trans-Canada highway, approximately 50-km west of Thunder Bay, Ontario. The approximate 2,500-hectare property surrounds the largest, exposed, intrusive complex in the eastern Shebandowan Greenstone Belt where most known gold occurrences have been described as occurring either within, or proximal to, intrusive rocks. Gold at Tower Mountain is localized within extremely altered rocks parallel to the western contact of the intrusive center. Drilling has established anomalous gold extending out from the intrusive contact for over 500 metres along a 1,500-metre strike length, to depths of over 500 metres from surface. The remaining 75% of the perimeter surrounding the intrusion shows identical geology, alteration, and geophysical response, offering a compelling exploration opportunity.

About Thunder Gold Corp.

Thunder Gold Corporation, formerly White Metal Resources. is a junior exploration company focused on gold discovery in Canada. For more information about the Company please visit: www.thundergoldcorp.com.

On behalf of the Board of Directors,

Wes Hanson, P.Geo., President and CEO

For further information contact:

Wes Hanson, CEO
(647) 202-7686
whanson@thundergoldcorp.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation (collectively, "forward-looking statements"). Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. All statements, other than statements of historical fact, are forward-looking statements and are based on predictions, expectations, beliefs, plans, projections, objectives and assumptions made as of the date of this news release, including without limitation: timing of completion transaction; timing of the payment of the deferred consideration, if at all; completion of the sale of the Dordabis license and the Company's entitled to proceeds thereof, if at all; anticipated results of geophysical drilling programs; geological interpretations; and potential mineral recovery. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to the gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise any forward-looking statements, other than as required by applicable law, to reflect new information, events or circumstances, or changes in management's estimates, projections or opinions. Actual events or results could differ materially from those anticipated in the forward-looking statements or from the Company's expectations or projections.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219092

FAQ

When did Bonnie Lyn de Bartok resign from Thunder Gold Corp (TGOLF)?

Bonnie Lyn de Bartok resigned from Thunder Gold Corp's Board of Directors effective July 30th, 2024.

What was Bonnie Lyn de Bartok's area of expertise on Thunder Gold Corp's (TGOLF) board?

Bonnie Lyn de Bartok's distinct area of expertise was Environmental, Social, and Governance (ESG) issues.

What project is Thunder Gold Corp (TGOLF) currently developing?

Thunder Gold Corp is currently developing the Tower Mountain project.

Why did Bonnie Lyn de Bartok leave Thunder Gold Corp's (TGOLF) board?

Bonnie Lyn de Bartok resigned to pursue and concentrate her efforts on building out a private, unrelated business.