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TSX-V: AWE
OTC: THURF

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July 9, 2024 – Vancouver, British Columbia – Thunderstruck Resources Ltd. (the “Company”) announces, further to its press release dated May 12, 2024 and June 4, 2024, it completed its previously announced non-brokered private placement (the “Placement”).

“We are in discussions with several potential joint venture partners on our 100% owned and highly prospective suite of copper, zinc and precious metals assets in Fiji ”, reported Bryce Bradley, President/CEO, “These funds will keep our assets and corporate entity in good standing as we advance these negotiations while maintaining a tight share structure of only 32,261,946 shares outstanding.”

Thunderstruck’s portfolio includes the  Korokayiu and Nakoro zinc/copper VMS assets, the Liwa gold/silver epithermal prospect and the  Rama copper/gold porphyry.

A total of $321,000 was raised in the Placement over two tranches from the sale of 5,350,000 Units. On May 12, 2024, the Company completed an initial tranche of the Placement generating gross proceeds of $300,000 through the sale of 5,000,000 Units.  On June 5, 2024, gross proceeds of $21,000 were generated through the sale of 350,000 units at a price of $0.06 per unit (each a “Unit”). Each Unit comprises one common share and one share purchase warrant. Each whole warrant entitles the holder in the final tranche to purchase a further common share at a price of $0.10 per share until July 5, 2027. The warrants are subject to accelerated exercise provisions such that if the closing price of the Company’s common shares exceeds $0.20 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. All securities issued in the final tranche are subject to a hold period in Canada expiring on November 6, 2024. Finder’s fees of $1,470.00 were paid in connection with the final tranche of the Placement.

The Placement is subject to regulatory approval, including the approval of the TSX Venture Exchange.

The Company is also pleased to announce the results of its annual general meeting of shareholders held on June 21, 2024 (the "Meeting"). The Company’s shareholders voted in favour of each of the matters considered at the Meeting, including electing each of Bryce Bradley, Brien Lundin, Eric Roth and Linnea Von Hessert as directors of the Company to hold office for the ensuing year, appointing DeVisser Gray LLP as the Company's auditors for the ensuing year and authorizing the board of directors to set their remuneration and approving and ratifying the Company’s stock option plan.

About Thunderstruck Resources

Thunderstruck Resources is a Canadian mineral exploration company focused on the discovery of high value copper-gold porphyry, gold-silver epithermal, and VMS base-metal 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 Metals), 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 (Newmont), 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 TSX Venture  Exchange  (TSX-V)  under the symbol "AW E" and United States OTC under the symbol "THURF."

For additional information, please contact:
Bryce Bradley, Chief Executive Officer
Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.
D: +1 604 349-8119
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.

June 4, 2024 – Vancouver, British Columbia – Thunderstruck Resources Ltd. (The “Company”) announces, further to its press release dated May 12, 2024, it has received the consent of the TSX Venture Exchange to further extend the time for completion of the remaining tranches of its previously announced non-brokered private placement (the “Placement”) until July 5, 2024.

As announced by the Company on April 12, 2024, the Company proposed to raise up to $1,000,000 through the sale of up to 16,666,666 units at a price of $0.06 per unit (each a “Unit”). Each Unit comprises one common share and one share purchase warrant. Each whole warrant entitles the holder to purchase a further common share at a price of $0.10 per share for a period of 36 months. The warrants are subject to accelerated exercise provisions such that if the closing price of the Company’s common shares exceeds $0.20 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.

On May 12, 2024, the Company completed an initial tranche of the Placement generating gross proceeds of $300,000 through the sale of 5,000,000 Units. The Company also clarifies that all Units issued in the initial tranche included warrants exercisable at a price of $0.10 per share, and not $0.20 per share.

Proceeds of the Placement will be used to advance the Company's Rama-Senikura Copper/Gold Prospect in Fiji and general working capital. The Placement is subject to regulatory approval, including the approval of the TSX Venture Exchange

The Company will provide additional updates on the remaining tranches of the Placement in due course.

About Thunderstruck Resources

Thunderstruck Resources is a Canadian mineral exploration company focused on the discovery of high value copper-gold porphyry, gold-silver epithermal, and VMS base-metal 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 Metals), 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 (Newmont), 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 TSX Venture Exchange (TSX-V) under the symbol "AWE" and United States OTC under the symbol "THURF.".”

For additional information, please contact:                      

Bryce Bradley, Chief Executive Officer

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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.

 

May 12, 2024 – Vancouver, British Columbia – Thunderstruck Resources Ltd. (The “Company”) announces, further to its press release dated April 9, 2024, it has closed an initial tranche of its previously announced non-brokered private placement (the “Placement”).

Gross proceeds of $300,000 were raised through the sale of 5,000,000 units at a price of $0.06 per unit (each a “Unit”). Each Unit comprised one common share and one share purchase warrant. Each whole warrant entitles the holder to purchase a further common share at a price of $0.20 per share until May 10, 2027. The warrants are subject to accelerated exercise provisions such that if the closing price of the Company’s common shares exceeds $0.20 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 of $4,746.00 and 79,100 finder’s warrants, issuable on the same terms as the unit warrants, were paid in connection with the initial tranche of the Placement.

All securities issued in the first tranche are subject to a hold period in Canada expiring on September 11, 2024. Additional restrictions may apply pursuant to Rule 144 of the Securities Act of 1933, as amended, to U.S. investors.

Proceeds of the Placement will be used to advance the Company's Rama-Senikura Copper/Gold Prospect in Fiji and general working capital. The Placement is subject to regulatory approval, including the approval of the TSX Venture Exchange

Insiders participated in the Placement acquiring an aggregate of 1,673,000 units on the same basis as other subscribers. The participation in the Placement by insiders of the Company constitutes a "related party transaction" as such term is defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation and minority approval requirements under MI 61-101. The Company relied on Section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101 as the fair market value of the Placement in so far as the Placement involved interested parties did not exceed 25% of the Company's market capitalization.

The Company will provide additional updates on the remaining tranches of the Placement in due course. The Company will extend the time for completion of the remaining tranches of the Placement, subject to the approval of the TSX Venture Exchange, for an additional 30 days.

About Thunderstruck Resources

Thunderstruck Resources is a Canadian mineral exploration company focused on the discovery of high value copper-gold porphyry, gold-silver epithermal, and VMS base-metal 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 Metals), 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 (Newmont), 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 TSX Venture Exchange (TSX-V) under the symbol "AWE" and United States OTC under the symbol "THURF.".”

For additional information, please contact:
Bryce Bradley, Chief Executive Officer
P: 604 349-8119
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
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.

Vancouver, British Columbia--(Newsfile Corp. - May 7, 2024) - Thunderstruck Resources Ltd. (TSXV: AWE) (OTC: THURF) (the "Company" or "Thunderstruck") is pleased to provide the following update on exploration activities at its 100%-owned Rama porphyry copper-gold project located on the island of Viti Levu, Fiji (Figure 1). The Rama project currently consists of four main targets areas - the Rama/Senikura, Gun, and Navua porphyry copper-gold targets and the Liwa epithermal gold(-copper) target (Figure 2) - and lies approximately 30 km due west of Newmont Corporation's Namosi porphyry copper-gold development project1.

"Copper is the critical metal to be exploring for these days," stated Thunderstruck's President & CEO Bryce Bradley. "Globally, we're facing a critical copper shortage for a number of reasons - population growth and with it an increased demand for electronics and renewable energy products, depletion of reserves in existing copper mines, and not enough new mines coming on stream to satisfy expected demand for the metal. As a result, we're seeing high copper prices amid rapidly rising long-term demand accompanied by continuing supply constraints." She continued, "Through Thunderstruck's diligence and concerted exploration efforts, the team has successfully expanded our copper-gold footprint beyond our flagship Rama prospect by making three new discoveries and identifying a new copper-gold target. The Company will continue to advance these prospects while expanding its portfolio on the island to distinguish itself as the preeminent copper-gold district in Fiji."

Cannot view this image? Visit: images/news/2024/208198_6aa55753c4d9d8af_002full.jpg
Figure 1.

Project Overview

The Company's flagship Rama copper-gold project was first discovered by Anglo Pacific ("Anglo") in the mid-1970s. Initial work undertaken by Anglo led to the identification of a mineralized porphyry system at Rama and resulted in the drilling of four shallow (<250m in depth) holes within the project area. Anglo drill hole DDH-1, a vertical hole which targeted Anglo's interpreted centre to the Rama system, returned 244m @ 0.22% copper ("Cu") + 0.16 g/t gold (Au") (or 0.33% Cu equivalent, or "CuEq") from 6m downhole, ending within mineralization2,3. Subsequent to completing the discovery hole at Rama, Anglo decided to focus its efforts on the nearby Namosi copper-gold discovery (primarily due to its location and easier access) with no systematic exploration undertaken at Rama until Thunderstruck's maiden program in 2017.

Thunderstruck has significantly enhanced the economic potential of the original Rama discovery by:

  • Expanding the footprint of the original Rama discovery to approximately 2.5km x 2.5km (and including the discovery of a new gold-rich cap - Senikura - along the southern margin of the main Rama porphyry)
  • The discovery of the new Gun porphyry copper zone, located some 3km east of Rama
  • The discovery of the Liwa epithermal/porphyry gold-copper system immediately to the southeast
  • The identification of a new copper target - Navua - to the South of Rama from stream sediment data

Whilst these four target areas will form the immediate focus of the Company's near-term exploration activities, the Company has also significantly expanded its exploration land holdings at Rama through the application for additional concessions between Rama and the nearby Namosi project. Through this consolidation Thunderstruck will become the premiere explorer operating within the Rama-Namosi copper-gold belt. The Namosi deposit has a reported Measured & Indicated Resource of 1,800 Mt @ 0.35% Cu + 0.11 g/t Au resource (source: Newcrest Annual Mineral Resources and Ore Reserves Statement - as of 30 June 2023, August 11, 2023).4

Planned 2024 Exploration Program

The Company's immediate focus at Rama is on the prioritization of copper-gold targets for drill testing. The 2024 field exploration program is expected to include additional geological mapping and sampling at Rama/Senikura, Gun, Liwa, and the newly defined copper-gold target area at Navua, all of which now have significantly improved ground access as a result of the construction of new logging roads. The ongoing field campaign will be complemented by either a ground or drone magnetic survey covering the priority targets. The planned field program for Rama is expected to be undertaken from June through October.

Core drilling on priority targets is expected to be undertaken upon conclusion of the field program. Drilling is currently expected to be focused on:

  • deeper drilling (>500m) at the Anglo DDH1 drill location. The Company's geological interpretation is that DDH1 was of insufficient depth to intersect the postulated higher-grade, bornite-bearing core to the Rama porphyry system.
  • maiden drilling at the adjacent Senikura (gold-copper) and Gun (copper-gold) targets.

Additional drilling will be planned once results from the initial drill program have been received and interpreted.

1 References made to adjacent mines/projects provide context for the Company's Rama project but are not necessarily indicative that the project hosts similar tonnages or grades of gold and copper.
2 Copper equivalent grade is calculated by adding Cu % to ((0.16 g/t Au / 31.1 x 1,800) / 8,360 x 100) and assuming 100% metallurgical recovery. Metal price assumptions are copper USD 3.80/lb (USD 8,360/t) and gold USD 1,800/oz.
3 Historic drill results quoted for Rama are derived from original Anglo Pacific company reports. Whilst Thunderstruck has not performed sufficient work to verify the published data reported, the Company believes this information to be considered reliable and relevant.
4 Newcrest’s Annual Mineral Resources and Ore Reserves Statement has been preparedaccording to thereporting requirements of the Australian Securities Exchange (ASX) Listing RulesChapter 5, July 2022; the Australasian Code for Reporting of Exploration Results, Mineral Resourcesand Ore Reserves, December 2012(JORC Code), and reconciled to National Instrument 43101 Standards of Disclosure for Mineral Projects (NI43101) of the Canadian Securities Administrators,June 2011; Canadian Institute of Mining, Metallurgy andPetroleum (CIM) Definition Standards onMineral Resources and Mineral Reserves, May 2014 and the rules of the Toronto Stock Exchange (TSX).

Cannot view this image? Visit: https://images/news/2024/208198_6aa55753c4d9d8af_003full.jpg

Figure 2.


Qualified Persons and Disclosure Statement

The technical information in this news release relating to the Rama Copper-Gold Project has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101, and approved by Eric Roth, a Non-Executive Director of Thunderstruck and a Qualified Person under NI 43-101. Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and is a Fellow of the Society of Economic Geologists (SEG). Mr. Roth has 35 years of experience in international minerals exploration and mining project evaluation.

About Thunderstruck Resources

Thunderstruck Resources is a Canadian mineral exploration company focused on the discovery of high value copper-gold porphyry and gold-silver epithermal deposits on the main Fijian island of Viti Levu. The Company also owns 100% interests in two copper-zinc massive sulfide projects at Nakoro and Korokayiu.

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

For additional information, please contact:
Bryce Bradley, Chief Executive Officer
P: 604 349-8119
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
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/208198

April 10, 2024 – Vancouver, British Columbia – Thunderstruck Resources Ltd. (the “Company”) is pleased to announce that it has entered into a release and settlement dated April 9, 2024 with a former consultant and officer to the Company in relation to all matters relating to their engagement and consulting agreement. the Company will pay an aggregate of $33,500, of which $18,500 will be paid in cash and the remaining $15,000 is payable through the issuance of 250,000 common shares of the Company at a deemed price of $0.06 per share (the “Settlement Shares”).
The release and issuance of the Settlement Shares 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.
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:
Bryce Bradley, Chief Executive Officer
P: 604 349-8119
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
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.

THUNDERSTRUCK RESOURCES LTD.THUNDERSTRUCK RESOURCES LTD.

www.thunderstruck.ca

TSX-V: AWE OTC: THURF