Dear Shareholders,

What a year it has been, 2020 started off with so much excitement.
We had many plans and goals in place. Two drill programs meant to start in the summer, including our highly anticipated maiden drill program at our Liwa gold-silver prospect. Fast forward to now and we all know the effect that Covid-19 had on us and the world.

Thunderstruck was very fortunate to apply and receive permission from the Fijian government for me, our senior exploration geologist and driller to enter the country. The team faced delays, quarantine and many obstacles but we were able to begin work on our projects late in the year, including drilling on both Liwa Gold asset and the Korokayiu zinc/copper asset. We also successfully got our Japanese consultants MINDECO (Mitsui Mineral Development Company) into the country to do their Induced Polarization geophysical program.

In recent days, parts of Fiji, primarily the Northern areas, have been devastated by a Category 5 Cyclone, Yasa. It was expected to hit our projects, but went north at the last minute, so we have been spared the worst. We successfully evacuated our employees from both of our exploration camps safely but are thoughts are with those effected to the north. The MINDECO crew was also safely evacuated from the Korokayiu camp.

Over the next few weeks we will access our assets to fix the damage. There will be landslides, flooding and fallen trees for the team to deal with but we are resilient and we have the best of the best working with us.

We are looking forward to 2021 as we continue to work hard for you, our shareholders.

On behalf of all of us at Thunderstruck Resources, We wish you a Merry Christmas and prosperous New Year.

Kind regards,

Bryce Bradley
President and CEO

Vancouver, British Columbia--(Newsfile Corp. - December 11, 2020) - Thunderstruck Resources Ltd. (TSXV: AWE) (OTC: THURF) ("Thunderstruck" or the "Company") is pleased to announce that drilling has commenced at its wholly owned Liwa Gold Project in Fiji. The drill program has been designed to test anomalous high-grade gold/silver targets mapped at surface over a ~3km structural corridor.

"Our team has worked tirelessly to prepare for our maiden drill campaign at Liwa and we are excited to have the drills turning despite weather delays." commented Thunderstruck CEO Bryce Bradley.

The company plans to drill 500 m as part of its fully funded phase one drill program at Jensen's Prospect (Figure 1), before moving on to the other prospects (see news release October 28, 2020). Liwa Gold features four (combining Jensen's and Jensen's west) high grade gold prospects: Jensen's, Liwa Ridge, Gun, and Lower Vatuvatulevu. (see news release October 11, 2019). Some selected highlights are below.

• Liwa Ridge saprolite trenching returned 0.61 g/t Au over 71 m including 1.2 g/t Au over 26m, and surface vein float up to 11 g/t Au
• Jensen's prospect sampling returned 55 g/t Au in outcrop of narrow base metal rich veins
• Jensen's West sampling returned 4.6 g/t Au in outcrop in area of historically reported outcrop chip sampling zone returning 5.7 g/t Au over 7m
• Gun Showing rock float returned 0.44 g/t Au, including 25.5 g/t Ag
• Lower Vatuvatulevu soil anomalies returned 8 soils over 160 m ridge line including 5 returning 707, 804, 894, 1050 and 2,480 ppb Au in soil. Follow‐up surface prospecting yielded a single float rock assaying 42 g/t Au and 1,205 g/t Ag

Figure 1 Map of proposed drill holes at the Liwa Gold Prospect.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2901/70065_ea89f44ce432f823_001full.jpg

To further our understanding of the subsurface at Liwa, four line kilometers of induced polarization (IP) and resistivity surveys were completed in 2019, highlighting prospective targets. All known Liwa Creek gold prospect showings produce clearly defined IP/Resistivity anomalies coincident with gold mineralization at surface (Figure 2). The presence of strong resistive and coincident weak to moderate chargeability anomalies are interpreted to indicate silicified lithologies and potentially mineralized targets at depth. (see news release April 2, 2019)

Figure 2 IP and resistivity anomalies at Jensen's, Liwa Ridge and Lower Vatuvatulevu.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2901/70065_ea89f44ce432f823_002full.jpg

KOROKAYIU UPDATE

Further, at Korokayiu the Company is currently conducting a 10 km induced polarization (IP) geophysical survey with Japan's Mitsui Mineral Development Engineering Co. (MINDECO), who are scheduled to complete the survey and depart Fiji December 24^th. (see news release September 29, 2020)

"We are relieved that we got MINDECO into Fiji despite tough COVID travel restrictions and supply chain disruptions. The original pre-COVID intention was to conduct the IP survey early in 2020 in order to help delineate drill targets for our 2020 drilling program", stated Thunderstruck CEO Bryce Bradley. "As it stands this IP survey will be used to plan our 2021 program with our Japanese financing partners at JOGMEC. Assays are in the lab for the few scouting holes that we drilled in 2020 while awaiting approval for MINDECO's entry."

Field IP surveys, currently underway, will aide in furthering the understanding of known mineralization at Korokayiu as well as explore prospective areas defined by ongoing surface geochemical and geologic mapping. Drill core has previously undergone spectral IP analysis, in controlled conditions, validating IP methodology as favorable to detect subsurface ore bodies in relation to proximal lithologies.

About Fiji

Viti Levu, the main island of Fiji, has a long mining history. It is on the prolific Pacific Ring of Fire, a trend that has produced numerous large deposits, including Porgera, Lihir and Grasberg. The island of Viti Levu hosts Namosi, held by a joint venture between Newcrest and Mitsubishi. Newcrest published Proven and Probable Reserves for Namosi of 1.3 billion tonnes at 0.37% Cu and 0.12 g/t Au (5.2M ounces Au and 4.9M tonnes Cu). Namosi is now undergoing environmental assessment as part of the permitting process. Lion One Metals is now developing its Tuvatu Project, with Indicated Resources of 1.1 million tonnes at 8.17 g/t Au (294,000 ounces Au), and Inferred Resources of 1.3 million tonnes at 10.6 g/t Au (445,000 ounces Au). The Vatukoula Gold Mine has been operating for 80 years, producing in excess of 7 million ounces.

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 VMS, 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".

For additional information, please contact:

Rob Christl, Investor Relations
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
P: 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/70065

Vancouver, British Columbia--(Newsfile Corp. - October 28, 2020) - Thunderstruck Resources Ltd. (TSXV: AWE) (OTC: THURF ("Thunderstruck" or the "Company") is pleased to announce that it has completed road construction to Liwa Creek and will be mobilizing drills next week to begin its maiden drill program.

"We are very excited to shortly begin drilling at Liwa and I am pleased to have relocated to Fiji to oversee this exciting new phase of the company's life cycle." commented Thunderstruck CEO Bryce Bradley. "The team has been working hard to clear over 15km of access roads to construct drill pads and get the drills to site, meaning news flow will be plentiful in the leadup to the new year and beyond," she continued.

Liwa Creek Gold features five high grade gold prospects which have been identified over an approximately 3km northeast-southwest oriented structural corridor. This campaign marks the first time that Liwa Creek gold prospect has been drilled following up on surface samples as high as 55g/t Au, 1205g/t Ag and trenching of 1.2g/t over 26.5m.

Despite Fiji's borders being closed, Ms. Bradley was given approval to enter on October 17, 2020 through a travel exemption under the Significant Economic Value category given by Fiji's COVID Risk Mitigation Taskforce, as mineral exploration is deemed an essential service. She is currently completing a 14-day COVID-19 quarantine period, held in a military guarded government facility. The sanctioned quarantine is in accordance with Fijian government policy and is expected to end on October 31, 2020. Due to these stringent entrance requirements, Fiji has been able to eradicate COVID and as such, does not need to adhere to social distancing and mask protocols.

To aid in the Company's expansive exploration programs, Thunderstruck would like to welcome Prinas Chand, a Fijian National with in-country experience managing a range of activities including core logging, mapping, sampling, data analytics, digitization and geological interpretation.

"We're very pleased to have Ms. Chand join the Thunderstruck exploration team." stated Bradley, "We have always been of the mindset that having local Fijian geologists, like Ms. Chand, will be key to making new in-country discoveries and in turn the prolonged success of the company. We fully believe in the vast opportunity that is Fiji and remain of the mindset that we have merely scratched the surface when it comes to its potential."

Further, the Company continues to evaluate additional portfolio acquisitions in Fiji as it looks to show the district scale potential of the island. The Company will update shareholders when and if discussions and review processes culminate into concrete agreements.

Lastly, the Company will be hosting its AGM virtually on Tuesday, November 10^th, 2020. You can join by using the link here.

About Fiji

Viti Levu, the main island of Fiji, has a long mining history. It is on the prolific Pacific Ring of Fire, a trend that has produced numerous large deposits, including Porgera, Lihir and Grasberg. The island of Viti Levu hosts Namosi, held by a joint venture between Newcrest and Mitsubishi. Newcrest published Proven and Probable Reserves for Namosi of 1.3 billion tonnes at 0.37% Cu and 0.12 g/t Au (5.2M ounces Au and 4.9M tonnes Cu). Namosi is now undergoing environmental assessment as part of the permitting process. Lion One Metals is now developing its Tuvatu Project, with Indicated Resources of 1.1 million tonnes at 8.17 g/t Au (294,000 ounces Au), and Inferred Resources of 1.3 million tonnes at 10.6 g/t Au (445,000 ounces Au). The Vatukoula Gold Mine has been operating for 80 years, producing in excess of 7 million ounces.

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 VMS, 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".

For additional information, please contact:

Rob Christl, Investor Relations
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
P: 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/67002

Vancouver, British Columbia--(Newsfile Corp. - September 29, 2020) - Thunderstruck Resources Ltd. (TSXV: AWE) (OTC: THURF) ("Thunderstruck" or "the Company") is pleased to announce that Mitsui Mineral Development Engineering Co. Ltd. ("MINDECO") has been chosen to lead the Company's on-going exploration program at its Korokayiu zinc/copper VMS project in Fiji.

Thunderstruck undertook a review process which considered several leading Japanese companies before awarding the contract to MINDECO.

MINDECO is the research and development division of Mitsui Mining and Smelting, a leading Japanese company with a 140-year history of metals mining, processing and fabrication. This new relationship with MINDECO provides the Company with a breadth of expertise ranging from mineral exploration to mine development.

"We are pleased to welcome MINDECO to our hard-working team," stated Bryce Bradley, Thunderstruck's President and CEO. "With the technical expertise of MINDECO, we look forward to continuing to build on the foundation we have created at Korokayiu to further advance the asset and bring value to shareholders and the country of Fiji."

Thunderstruck's joint venture partner Japan Oil, Gas and Metals National Corporation (JOGMEC), has increased the budget for the current phase of the exploration program from CDN$1,300,000 to $1,650,000, in part to expand the drill program. The drill program is proceeding well, with the second hole near completion.

The Thunderstruck and MINDECO teams have commenced preparations for an initial 10km Induced Polarization Survey designed to delineate further drill targets.

About Mitsui Mineral Development Engineering Co. Ltd. (MINDECO)

MINDECO provides comprehensive mineral exploration services covering geological, geochemical, and geophysical surveys and drilling for natural resources. Through private sector and international cooperative projects, MINDECO has been involved with the surveying and development of non-ferrous metal and water resources in Japan, Central and South America, Southeast and Central Asia, and numerous African countries.

Utilizing their years of experience and expertise in resource projects, MINDECO provides advice for formulating mining promotion measures, proposals for mining master plans, and support for mining promotion that gives appropriate consideration to the environment.

About JOGMEC

JOGMEC (Japan Oil, Gas and Metals National Corporation) seeks to ensure a stable supply of metal resources that are indispensable for Japanese industries. To achieve that objective, they contribute financial and technical resources to exploration, development, production and other measures intended to provide a long-term supply of key metals.

To learn more about Fiji's rich mineral history please click here.

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 VMS, 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".

For additional information, please contact:
Rob Christl, Investor Relations
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
P: 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/64837

Vancouver, British Columbia--(Newsfile Corp. - September 9, 2020) - Thunderstruck Resources Ltd. (TSXV: AWE) (OTC: THURF) "Thunderstruck" or "the Company") is pleased to announce that drilling has begun on its Korokayiu zinc/copper VMS project in Fiji. This season's drill program will expand on the high-grade results from the 2019 program at Korokayiu, which prompted the Company to expand its holdings from 30 to 136 square kilometres.

Highlight intercepts from the 2019 program include:

• 2.77 m @ 21.6% zinc, 2.0% copper, 81 g/t silver and 0.42 g/t gold (Hole WLK16A)
• 11 m @ 13.8% zinc, 2.94% copper, 114 g/t silver and 1.08 g/t gold (Hole WLK17)
• 6.31 m @ 14.5% zinc, 2.35% copper, 111 g/t silver, and 0.66 g/t gold (Hole WLK14B)

The Company, in partnership with Japan Oil, Gas and Metals National Corporation (JOGMEC), has commenced a minimum 1,500-meter program Korokayui and will be completely funded by JOGMEC.

"We are excited that the drills have begun turning to follow up on last year's extraordinary drill results," stated Thunderstruck President and CEO, Bryce Bradley. "This is the beginning of what will be a very news heavy period for Thunderstruck shareholders with both Korokayiu and Liwa exploration programs expected to be underway at the same time."

In addition to drilling, the Company's 2020 exploration program includes mapping, geochemistry and a ~10-kilometre Induced Polarization geophysical survey designed to better define targets along a 15-kilometre mapped and mineralized structure (see news release May 21, 2020).

Liwa Creek Gold Update

At Liwa, the Company will shortly begin its maiden drill program on its Liwa gold prospect. Access roads have reached the Liwa camp and the first drill site. The company plans to mobilize a drill rig to site shortly.

Liwa is characterized by five highly prospective gold/silver anomalies extending over a three-kilometre strike length and remains open in all directions. It has been the focus of sporadic work over the last four decades, and Thunderstruck's arrival marks the first systematic exploration program done on the property (see news release June 8, 2020)

Environment Officer

The Company welcomes Miliana Navia as its new Environment Officer. Ms. Navia holds a Masters in Environmental Science from Hokkaido University in Japan. Prior to joining the Company, Ms. Navia worked as an Environment Officer for the Fijian Ministry of Environment where she oversaw a multitude of environmental work programs and initiatives.

In her new role, Ms. Navia will oversee and maintain the highest standards of environmental responsibility as laid out in the Company's Environment Management Plan (EMP). This includes:

• Generating preliminary baseline data on physical parameters of water quality (physical and chemical)
• Road rehabilitation and maintenance
• Waste management and permitting
• Monitoring of water quality
• Drill site rehabilitations
• Data collection through tenement inspection and observations to monitor environmental impacts from exploration activities

Ms. Navia will ensure compliance under the Mining Act, Environmental Management Act, and other relevant legislation and code of conduct related to exploration in Fiji. She will liaise and regularly consult with local landowners to keep them informed of the tenement progress. Her role will continue to strengthen the valuable relationships the team has built in country.

"Thunderstruck is committed to implementing environmental and social awareness programs that exceed Fijian and International guidelines," commented Bradley, "We believe in Ms. Navia's ability to facilitate these objectives."

Warrant Extension

Thunderstruck has received approval from the TSX Venture Exchange to extend 9,677,500 15c warrants which were due to expire September 6, 2020. The new expiry date has been extended to September 6, 2022.

About Fiji

Viti Levu, the main island of Fiji, has a long mining history. It is on the prolific Pacific Ring of Fire, a trend that has produced numerous large deposits, including Porgera, Lihir and Grasberg. The island of Viti Levu hosts Namosi, held by a joint venture between Newcrest and Mitsubishi. Newcrest published Proven and Probable Reserves for Namosi of 1.3 billion tonnes at 0.37% Cu and 0.12 g/t Au (5.2M ounces Au and 4.9M tonnes Cu). Namosi is now undergoing environmental assessment as part of the permitting process. Lion One Metals is now developing its Tuvatu Project, with Indicated Resources of 1.1 million tonnes at 8.17 g/t Au (294,000 ounces Au), and Inferred Resources of 1.3 million tonnes at 10.6 g/t Au (445,000 ounces Au). The Vatukoula Gold Mine has been operating for 80 years, producing in excess of 7 million ounces.

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 VMS, 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".

For additional information, please contact:

Rob Christl, Investor Relations
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
P: 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/63457