THUNDER MOUNTAIN GOLD INC - THMG STOCK NEWS

Thunder Mountain Gold (OTCQB: THMG) announces a non-brokered private placement of up to 13.4 million units at US$0.05 per unit, aiming to raise up to US$670,000. Each unit includes one common share and one warrant, exercisable at US$0.10 for 36 months. The proceeds will fund exploration and working capital. The placement is subject to TSX Venture Exchange approval and will be offered to accredited investors only. The company's main asset is the South Mountain Mine in Idaho, a historic polymetallic mine containing zinc, silver, gold, copper, and lead deposits.

Thunder Mountain Gold (OTCQB: THMG) (TSXV: THM) reports on newly acquired historical IP and airborne geophysical data at the South Mountain Project in Idaho. The data supports a conceptual model suggesting a copper-molybdenum porphyry system beneath or adjacent to high-grade zinc, silver, copper, and gold mineralization. Highlights include:

1. District-scale aeromagnetic and deep-penetrating IP survey data from the 1970s
2. Geochemical survey data from 2,300 rock chip and 850 soil samples
3. High copper geochemical assays exceeding 1,000 ppm
4. IP anomalies trending deep beneath known mineralization
5. Historical drill data showing a 500-foot thick interval exceeding 100 ppm molybdenum

The company plans further exploration, including extending IP lines and adding Magnetotelluric coverage to investigate deeper into the system.

Thunder Mountain Gold, Inc. (OTCQB: THMG) (TSXV: THM) reports a 7.7% increase in the Measured & Indicated tonnage, including a significant increase in zinc, silver, gold, and copper. The Inferred tonnage saw a 15.1% increase, including a 14% increase in zinc and silver. The DMEA Zone was extended an additional 250 feet, with the potential to be one of the lowest cost producers of zinc, silver, and gold in North America.

Thunder Mountain Gold, Inc. (THMG) has purchased 56 acres of strategic land at the South Mountain Project, approved proposals at the annual shareholder meeting, and reported an updated Mineral Resource Estimate for the Project. The South Mountain Mine is a polymetallic development project focused on high-grade zinc, silver, gold, and copper, with historic production from high-grade massive sulfide bodies.

Thunder Mountain Gold, Inc. (OTCQB: THMG) (TSXV: THM) reports a 7.7% increase in Measured & Indicated tonnage, with significant increases in zinc, silver, gold, and copper. The Inferred tonnage also increased by 15.1%, including a 14% increase in zinc and silver. The DMEA Zone extended an additional 250 feet. The updated Mineral Resource Estimate (MRE) was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects by Hard Rock Consulting, LLC.

Thunder Mountain Gold, Inc. (OTCQB:THMG) announces an extension of its option agreement with BeMetals Corp. for a 100% interest in the South Mountain Project in Idaho. The project is known for high-grade zinc and silver with historical production showing impressive grades: 14.5% Zn and 363.42 g/t Ag. BeMetals plans further deep core drilling to explore the mineralization potential at depth. The project benefits from established local relationships and streamlined permitting, supporting future development. Thunder Mountain has invested approximately $12 million into South Mountain since 2007.

Thunder Mountain Gold, Inc. (OTCQB: THMG) has released an updated Mineral Resource Estimate (MRE) for the South Mountain Project, showing a significant increase in resources. The MRE, effective April 20, 2021, reveals Measured & Indicated resources of 206,900 tons with a 21.8% increase in tonnage from 2019, and Inferred resources of 833,700 tons, marking a 129.5% rise. This update incorporates results from BeMetals Corp.'s drilling campaigns, maintaining high-grade mineralization. The company plans to conduct an economic analysis in the coming months.

Thunder Mountain Gold (THMG) recently announced promising results from its Phase 2 underground diamond drilling program at the South Mountain Project in Idaho. The core drilling successfully intersected high-grade Copper-Silver and Zinc-Silver-Gold mineralization in the Texas Zone, demonstrating substantial mineralization depth expansion. Key highlights include significant intercepts such as 3.81% Cu and 7.82 opt Ag over 15.7 feet in drill hole SM20-043. The company aims to incorporate these findings into a Preliminary Economic Assessment expected in Q3 2021.