Vancouver, British Columbia--(Newsfile Corp. - April 13, 2023) - Thunderstruck Resources Ltd. (TSXV: AWE) (OTC: THURF) (The "Company") is pleased to provide the following corporate updates.

Advisory Board Appointment

The Company is excited to announce that Mr. Eric Roth will be joining its Advisory Board.

Eric holds a Ph.D. in Economic Geology from the University of Western Australia and is an economic geologist with over 30 years of experience in international minerals exploration and mining project evaluation. He is also a Fellow of the Australian Institute of Mining and Metallurgy (FAusIMM).

Mr. Roth is currently the President and CEO of Capella Minerals and Non-Executive Director of Awale Resources Ltd.

His past successes include the following:

• COO of Mariana Resources Ltd - acquired by Sandstorm Gold Royalties in July 2017 for the high-grade Hod Maden copper-gold discovery in NE Turkey.
• CEO of Aegean Metals Group - original acquirer of the Hod Maden project
• President/CEO of Extorre Gold Mines Ltd and the high-grade Cerro Moro gold-silver deposit in Argentina - acquired by Yamana Gold in 2012 for C$440 million.
• Global Head of Greenfields Exploration for AngloGold Ashanti, whose teams brought in over 20+Moz Au in new Inferred Resources through discoveries in Colombia (Colosa, Gramalote), Australia (Tropicana), and the DRC (Mongwalu) at a discovery cost of less than US$15/oz.
• Aur Resources - discoverer of the high-grade Louvicourt VMS deposit Val d'Or, Quebec.

President/CEO of Thunderstruck Resources, Bryce Bradley stated, "We are at a turning point in the growth of our company where, with a drill and team ready at our three-kilometer-long Liwa gold/silver anomaly, Eric's experience and expertise in discovering major gold deposits will greatly aid our efforts this season."

Chief Financial Officer Appointment

The Company also announces the following changes to its management team.

Mr. Bobby Dhaliwal, Thunderstruck's corporate accountant based at Company headquarters in Vancouver BC, will take over the role of CFO effective April 13, 2023.

Mr. Dhaliwal holds a Bachelor of Accountancy as well as the designation of Chartered Professional Accountant (CPA) in Canada, working with several TSX-V and CSE listed companies in the resources and technology sector.

His professional experience with exploration and mining companies includes assistance on initial public offerings (IPO), continuous disclosure and financial reporting, implementation of accounting software, various equity financings and implementation of internal control policies.

Mr. Wilson Michael, formerly CFO, will continue in his role as Director of the Company's subsidiary, Thunderstruck Pte Ltd.

"Wilson has been diligently working in Fiji with us for several years in the dual capacities of CFO as well as Director of our Fijian subsidiary," stated Bryce Bradley, President/CEO. "Fortunately, as the Company grows so does our capacity to delineate roles and responsibilities more clearly. With a very busy exploration season ahead of us, Wilson will be instrumental to the success of our in-country operations as Bobby takes on the responsibilities of CFO from our Canadian headquarters."

About Thunderstruck Resources

Thunderstruck Resources is a Canadian mineral exploration company focused on the discovery of high value gold-silver epithermal and copper-gold porphyry deposits on the main island of Viti Levu in Fiji.

Fiji has a long history of mining with over 75 years of activity at the prolific Vatukoula Gold Mine alongside several advanced development projects including Tuvatu (Lion One), Indicated Resources of 1.00 Mt @ 8.48 g/t Au (274,600 oz), Inferred Resources of 1.33 Mt @ 9.0 g/t Au (384,000 oz) (Tuvatu-PEA-Update-NI-43-101) and Namosi (Newcrest Mining), Proven, Measured and Indicated Resources of 1.8Bt at 0.35% Cu and 0.11 g/t Au (6.4M oz Au and 6.3Mt Cu) (Newcrest Annual Mineral Resources Update, June 2022).

The Company provides investors with exposure to a diverse portfolio of exploration stage projects with potential for zinc, copper, gold and silver in a politically safe and stable jurisdiction. Thunderstruck trades on the Toronto Venture Exchange (TSX-V) under the symbol "AWE" and United States OTC under the symbol "THURF."

For additional information, please contact:
Rob Christl, VP Business Development and Investor Relations
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
P: 1-778 840-7180
or, visit our website: http://www.thunderstruck.ca

Neither the TSX Venture Exchange Inc. 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.

This news release contains certain statements that may be deemed "forward-looking statements". Although Thunderstruck believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Thunderstruck's management on the date the statements are made. Except as required by law, Thunderstruck undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/162272

Vancouver, British Columbia--(Newsfile Corp. - April 10, 2023) - Thunderstruck Resources Ltd. (TSXV: AWE) (The "Company") wishes to announce that the private placement announced on March 20th, 2023 (https://www.thunderstruck.ca/index.php/news/2023/197-non-brokered-private-placement) has been cancelled.

In order to better finance the company, the board of directors has approved and authorized a consolidation of the company's issued and outstanding shares on a one new share for each five current shares (1 for 5) basis (the "Consolidation"). As a result, the 127,012,810 shares currently outstanding will be consolidated to 25,402,562 shares. The company will not be issuing fractional shares as a result of the consolidation. Instead, all fractional shares equal or greater to one‐half will be rounded to the next whole share. The company's outstanding stock options and share purchase warrants will be adjusted upon completion of the consolidation on the same basis.

The company does not intend to change its name or seek a new stock trading symbol from the exchange in connection with the consolidation. The company's shares will continue to trade under the symbol "AWE". The post-consolidation common shares of the company will have a new CUSIP and ISIN number. The consolidation remains subject to the approval of the TSX-V.

A letter of transmittal will be sent to the registered shareholders providing instructions to surrender the share certificates evidencing their pre‐consolidated common shares for replacement certificates representing the number of post‐consolidated common shares they are entitled to as a result of the consolidation. Until surrendered, each certificate representing the pre‐consolidated common shares will be deemed to represent the number of post‐consolidated common shares of the company that the holder thereof is entitled to as a result of the consolidation

In conjunction with the consolidation, the company announces a revised non-brokered private placement (the "Placement") to raise 2,062,500 dollars CDN for drilling and exploration programs on our 100% owned Fijian assets as well as for general working capital.

The placement involves the sale of 7,500,000 post-consolidation units at a price of .275. Each unit will comprise one post-consolidation common share and one full share purchase warrant. Each warrant will entitle the holder to purchase a further post-consolidation common share at a price of .75 for a period of 36 months. The post-consolidated warrants will be subject to accelerated exercise provisions such that if the closing price of the company's common shares exceeds 1.25for a period of 20 consecutive trading days, the company may give notice of the acceleration of the warrants' term to a period of 30 days following such notice.

Finder's fees may be payable on all or any portion of the placement, which is subject to regulatory approval, including the approval of the TSX Venture Exchange.

About Thunderstruck Resources

Thunderstruck Resources is a Canadian mineral exploration company focused on the discovery of high value gold-silver epithermal and copper-gold porphyry deposits on the main island of Viti Levu in Fiji.

Fiji has a long history of mining with over 75 years of activity at the prolific Vatukoula Gold Mine alongside several advanced development projects including Tuvatu (Lion One), Indicated Resources of 1.00 Mt @ 8.48 g/t Au (274,600 oz), Inferred Resources of 1.33 Mt @ 9.0 g/t Au (384,000 oz) (Tuvatu-PEA-Update-NI-43-101) and Namosi (Newcrest Mining), Proven, Measured and Indicated Resources of 1.8Bt at 0.35% Cu and 0.11 g/t Au (6.4M oz Au and 6.3Mt Cu) (Newcrest Annual Mineral Resources Update, June 2022).

The Company provides investors with exposure to a diverse portfolio of exploration stage projects with potential for zinc, copper, gold and silver in a politically safe and stable jurisdiction. Thunderstruck trades on the Toronto Venture Exchange (TSX-V) under the symbol "AWE" and United States OTC under the symbol "THURF."

For additional information, please contact:
Rob Christl, VP Business Development and Investor Relations
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
P: 1-778 840-7180
or, visit our website: http://www.thunderstruck.ca

Neither the TSX Venture Exchange Inc. 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.

This news release contains certain statements that may be deemed "forward-looking statements". Although Thunderstruck believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Thunderstruck's management on the date the statements are made. Except as required by law, Thunderstruck undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/161870

Vancouver, British Columbia--(Newsfile Corp. - March 30, 2023) -  Thunderstruck Resources Ltd. (TSXV: AWE) (OTC: THURF) (The "Company") is pleased to provide the following updates on its 100% owned Fijian prospects.

Nakoro VMS (Zinc/Copper) Prospect - IP Geophysics

The Company has commenced an Induced Polarization (IP) geophysical survey across the Nakoro Prospect, where historic exploration has identified significant base metal mineralization including 12.0m @ 12.7% Zn and 0.3% Cu from 64m (NKD2) The activity comprises 10 line kilometers and is designed to provide effective target definition to inform follow up drilling activity.

CEO and President, Bryce Bradley states, "The current geophysical program at Nakoro, in conjunction with its historical high grade zinc/copper drill results from the 1970's, will assist Thunderstruck in defining future drill targets on this exciting prospect."

Figure 1: Summary map of Nakoro Prospect, showing location of previous drilling, geology and proposed IP surveying coverage

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2901/160548_fa82dd18b47d6915_002full.jpg

Liwa Gold/Silver Prospect - Diamond Drilling Program

Further to our press release dated Sept 14, 2022, the planned drilling program comprises an initial five drill holes for 1,500+ meters and is designed to test several well-defined epithermal gold-silver targets.

About Liwa Gold/Silver Prospect

The 2023 drill program will cover three of its four well-defined gold/silver targets, including:

1. Liwa Ridge: defined by a wide zone of gold-silver surface anomalism, including 71.3m at 0.61g/t Au (trench) and up to 11.1g/t Au and 109 g/t in rock chips with coincident resistivity and chargeability geophysical anomalism modelled at depth.

2. Vatuvatulevu (Vatu): defined by a 150m wide zone of gold-silver surface anomalism, including up to 2.48ppm Au in soils, 41.6g/t Au, 1,205g/t Ag in rock chips with coincident resistivity and chargeability geophysical anomalism modelled at depth.
   
   
3. Jensens: defined by multiple zones of gold-silver anomalism at surface, including 7m at 5.7 g/t Au (trench) and up to 55.2g/t Au in rock chips with coincident resistivity and chargeability geophysical anomalism modelled at depth

Figure 2: Summary map of Liwa Project, showing location of prospects, surface exploration results, proposed and completed drilling

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2901/160548_fa82dd18b47d6915_004full.jpg

Drilling activity in late 2022 included mobilization into Liwa camp and completion of the maiden drill hole into the Vatuvatulevu Prospect target area (Vatu). The Vatu target is defined by a 150m wide zone of strong surface gold-silver anomalism (max: 2.48ppm Au - soils, 41.6g/t Au, 1205g/t Ag - rocks) and high resistivity-high chargeability IP geophysical anomalism.

The drill hole is situated at the southernmost extent of a 500 x 150m zone of surface anomalism and whilst not reporting any significant assay results, has provided critical structural information indicating a likely sub vertical to steeply east dipping geometry to the target zone. The drilling program has been adjusted accordingly, with the next drill hole to be drilled westwards to test the target zone (Figures 2, 3).

"The drill rig is on site, the camp and drill pads have been built and we start drilling as soon as the dry season kicks in, hopefully early May, 'commented Thunderstruck's President/CEO Bryce Bradley'. "Shipping delays in 2022 resulted in our newly constructed drill rig arriving in Fiji near the end of the exploration season, allowing the completion of only one drill hole before cyclone season. 'She continued', "Thankfully, we now have everything we need on site and anticipate a productive drill program over three separate targets on our Liwa precious metals prospect, where surface sampling has returned high grade gold and silver over a 3km structural corridor"

Figure 3: Vatuvatulevu: target defined by a 150-meter-wide zone of gold-silver anomalism at surface, including up to 2.48 ppm Au in soils, 41.6 g/t Au and 1,205 g/t Ag in rock chips with coincident resistivity and chargeability geophysical anomalism modelled at depth

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2901/160548_fa82dd18b47d6915_006full.jpg

Table 1: Hole details for recent diamond drilling at the Liwa Project

About Thunderstruck Resources

Thunderstruck Resources is a Canadian mineral exploration company focused on the discovery of high value gold-silver epithermal and copper-gold porphyry deposits on the main island of Viti Levu in Fiji.

Fiji has a long history of mining with over 75 years of activity at the prolific Vatukoula Gold Mine alongside several advanced development projects including Tuvatu (Lion One), Indicated Resources of 1.00 Mt @ 8.48 g/t Au (274,600 oz), Inferred Resources of 1.33 Mt @ 9.0 g/t Au (384,000 oz) (Tuvatu-PEA-Update-NI-43-101) and Namosi (Newcrest Mining), Proven, Measured and Indicated Resources of 1.8Bt at 0.35% Cu and 0.11 g/t Au (6.4M oz Au and 6.3Mt Cu) (Newcrest Annual Mineral Resources Update, June 2022).

The Company provides investors with exposure to a diverse portfolio of exploration stage projects with potential for zinc, copper, gold and silver in a politically safe and stable jurisdiction.

Thunderstruck trades on the Toronto Venture Exchange (TSX-V) under the symbol "AWE" and United States OTC under the symbol "THURF."

Qualified Person Statement

The technical information in this news release was reviewed by Peter Duerden, RPGeo, an advisor to Thunderstruck Resources, and a qualified person as defined by National Instrument 43-101 (NI 43-101)

QAQC Procedures

The Company sends its samples to ALS Minerals laboratory in Brisbane, Australia ("ALS") for sample preparation and analysis. The drill core was sampled at a nominal 1m interval with half core submitted for assay. Samples are dried, crushed and pulverized to 90% passing 75 microns.

Gold was determined by 50g fire assay (method Au-AA26) with a detection limit of 0.01ppm. Multi element assaying was completed for 48 elements by 0.25g four-acid digest with ICPMS determination (method ME-MS61). Quality Control and Quality Assurance (QAQC) protocol for drill core samples includes: 1) field measurement of half core sample weights; 2) insertion of certified reference materials at 1 in 50 frequency; 3) insertion of Certified Reference Materials (CRM) or blank sample at 1 in 50 frequency. ALS has internal QAQC protocols that include analysis and results monitoring for certified reference materials, blank and duplicate samples.

For additional information, please contact:
Rob Christl, VP Business Development and Investor Relations
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
P: 1-778 840-7180
Or, visit our website: http://www.thunderstruck.ca

Neither the TSX Venture Exchange Inc. 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.

This news release contains certain statements that may be deemed "forward-looking statements". Although Thunderstruck believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Thunderstruck's management on the date the statements are made. Except as required by law, Thunderstruck undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/160548

March 20, 2023 – Vancouver, British Columbia, Thunderstruck Resources Ltd. (TSXV: AWE) (OTC: THURF) (The "Company") wishes to announce a non-brokered private placement (the "Placement") to raise up to CDN$3,500,000 for drilling and exploration programs on our 100% owned Fijian assets as well as for general working capital, including potential property acquisitions.

The Placement involves the sale of up to 50,000,000 units at a price of $0.07 per unit. Each unit will comprise one common share and one-half share purchase warrant. Each full warrant will entitle the holder to purchase a further common share at a price of $0.15 per share for a period of 36 months. The warrants will be subject to accelerated exercise provisions such that if the closing price of the Company's common shares exceeds $0.25 per share for a period of 20 consecutive trading days, the Company may give notice of the acceleration of the warrants' term to a period of 30 days following such notice. Finder's fees may be payable on all or any portion of the Placement, which is subject to regulatory approval, including the approval of the TSX Venture Exchange.

About Thunderstruck Resources

Thunderstruck Resources is a Canadian mineral exploration company focused on the discovery of high value gold-silver epithermal and copper-gold porphyry deposits on the main island of Viti Levu in Fiji.

Fiji has a long history of mining with over 75 years of activity at the prolific Vatukoula Gold Mine alongside several advanced development projects including Tuvatu (Lion One LIO:TSX.V), Indicated Resources of 1.00 Mt @ 8.48 g/t Au (274,600 oz), Inferred Resources of 1.33 Mt @ 9.0 g/t Au (384,000 oz) (Tuvatu-PEA-Update-NI-43-101) and Namosi (Newcrest Mining NCM:ASX), Proven, Measured and Indicated Resources of 1.8Bt at 0.35% Cu and 0.11 g/t Au (6.4M oz Au and 6.3Mt Cu) (Newcrest Annual Mineral Resources Update, June 2022).

The Company provides investors with exposure to a diverse portfolio of exploration stage projects with potential for zinc, copper, gold and silver in a politically safe and stable jurisdiction. Thunderstruck trades on the Toronto Venture Exchange (TSX-V) under the symbol “AWE” and United States OTC under the symbol “THURF.”

For additional information, please contact:
Rob Christl, VP Business Development and Investor Relations
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
P: 1-778 840-7180
or, visit our website: http://www.thunderstruck.ca

Neither the TSX Venture Exchange Inc. 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.

This news release contains certain statements that may be deemed "forward-looking statements". Although Thunderstruck believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Thunderstruck's management on the date the statements are made. Except as required by law, Thunderstruck undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137170

Vancouver, British Columbia--(Newsfile Corp. - September 14, 2022) - Thunderstruck Resources Ltd. (TSXV: AWE) ("Thunderstruck" or the "Company") is pleased to announce the recent commencement of the 2022 drill program in Fiji.

"The drill is turning!" said Bryce Bradley, President and CEO. "Nearly five decades after the discovery of these gold-silver targets, they are finally being drilled. We are excited that the team has successfully mobilized to Liwa with a custom made drill fit for Fiji's unique terrain, and we'll be working hard to complete the program and get assays to market."

The company has hired Valentis, a highly reputable Southeast Asian mineral exploration and drilling company to complete this phase of drilling and train local workers to support.

Further to our press release dated April 25, 2022, the planned drilling program is comprised of an initial five drill holes for 1,500 meters and is designed to test several well-defined epithermal gold-silver targets extending over a three-kilometer strike length, including:

• Liwa Ridge: defined by a wide zone of gold-silver anomalism at surface, including, 71.3m at 0.61g/t Au (trench) and up to 11.1 g/t Au and 109 g/t in rock chips with coincident resistivity and chargeability geophysical anomalism modelled at depth
• Vatuvatulevu: defined by a 150-meter-wide zone of gold-silver anomalism at surface, including up to 2.48 ppm Au in soils, 41.6 g/t Au and 1,205 g/t Ag in rock chips with coincident resistivity and chargeability geophysical anomalism modelled at depth
• Jensens: defined by multiple zones of gold-silver anomalism at surface, including, 7 meters at 5.7 g/t Au (trench) and up to 55.2 g/t Au in rock chips with coincident resistivity and chargeability geophysical anomalism modelled at depth

Figure 1: Photo of diamond rig operating at the Vatuvatulevu Prospect, Liwa Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2901/137170_0f32a593f4f9a8b3_002full.jpg

 Figure 2: Summary map of the Liwa Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2901/137170_0f32a593f4f9a8b3_005full.jpg

About Valentis

Valentis is the leading exploration, mining services and advisory company in Southeast Asia, with extensive experience and success in developing opportunities and maximizing value for local and international companies undertaking exploration and mining activities in resource-rich Southeast Asia.

For more information, visit their website here.

About Fiji

Fiji is on the Pacific Ring Of Fire, a prolific trend that has produced numerous large gold and copper deposits, including Porgera, Lihir and Grasberg.

Viti Levu, the main island of Fiji, has a long mining history. It hosts not only the Thunderstruck tenements, but also the following active projects:

Namosi (Copper/Gold) Newcrest published proven and probable reserves of 1.3 billion tonnes at 0.37%Cu and 0.12g/t Au (5.2M ounces Au and 4.9M tonnes Cu).

Tuvatu (Gold) Indicated Resources of 1 million tonnes at 8.48 g/t Au (274,600 ounces Au), and Inferred Resources of 1.33 million tonnes at 9.0 g/t Au (384,000 ounces Au) reported at a 3.0 g/t Au lower cut-off.

Vatukoula Gold Mines: Formerly known as the Emperor Gold Mine has been operating for over 80 years, producing in excess of 7 million ounces of Au to date.

About Thunderstruck Resources

Thunderstruck Resources is a Canadian mineral exploration company that has assembled extensive and highly prospective properties in Fiji on which recent and previous exploration has confirmed zinc, copper and precious metals mineralization. The Company provides investors with exposure to a diverse portfolio of exploration stage projects with potential for zinc, copper, gold and silver in a politically safe and stable jurisdiction. Thunderstruck trades on the Toronto Venture Exchange (TSX-V) under the symbol "AWE" and United States OTC under the symbol "THURF."

Qualified Person Statement

The technical information in this news release was reviewed by Peter Duerden, RPGeo, Technical Advisor to Thunderstruck Resources, and a qualified person as defined by National Instrument 43-101 (NI 43-101).

For additional information, please contact:
Rob Christl, VP Business Development and Investor Relations
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
P: 1-778 840-7180
or, visit our website: http://www.thunderstruck.ca

Neither the TSX Venture Exchange Inc. 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.

This news release contains certain statements that may be deemed "forward-looking statements". Although Thunderstruck believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Thunderstruck's management on the date the statements are made. Except as required by law, Thunderstruck undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137170