News Releases

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."

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 mineralization^2,3. 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).

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

Vancouver, British Columbia--(Newsfile Corp. - April 9, 2024) - Thunderstruck Resources Ltd. (TSXV: AWE) (OTC: THURF) (The "Company"), announces that it has arranged a private placement of up to $1,000,000 to advance the Company's Rama-Senikura Copper/Gold Prospect in Fiji and general working capital.

"Thunderstruck has substantial copper showings across three of its four assets, and we're poised to capitalize on strong copper prices and a projected long-term supply deficit with our consolidation of the area into a regional scale copper district." Commented Thunderstruck's President/CEO Bryce Bradley.

"Our Rama copper/gold porphyry is only 30 km from Newmont's large Namosi copper/gold project that is currently in development to become a mine, and the only reason Rama was left underdeveloped in the past was due to access issues." She continued, "Anglo Pacific did a helicopter-supported, and thus cost-prohibitive drilling program in 1975 on Rama, persuading them to focus on the nearby Namosi porphyry with its proximity to road networks and the capital of Suva. We can now easily access Rama by road, which will facilitate a cost-effective exploration season and give Rama the attention it deserves."

The non-brokered private placement involves the sale of up to 16,666,666 units at a price of $0.06 per unit for aggregate gross proceeds of $1,000,000. Each unit will comprise 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 will be 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.

Directors and officers of the Company will be acquiring securities under the Placement equal to 10% or $100,000, which participation would be considered to be a "related party transaction" as defined under the Multilateral Instrument 61-101 ("MI 61-101"). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

2024 Work Program

Funds derived from the private placement will be used to finalize the definition of priority drill targets at the Rama-Senikura copper-gold porphyry prospect to initiate core drilling on the highest priority targets. Limited shallow drilling (four vertical holes ranging between 150 m and 250 m in depth) was undertaken in the Rama area by Anglo Pacific in 1975, with the first hole intersecting porphyry-style copper-gold mineralization in its entirety and also ending in mineralization. Deeper drilling is now required at Rama to target the interpreted core - and potentially higher grade - part of the porphyry system. No drilling has ever been undertaken at the adjacent Senikura target.

The prioritization of drill targets at Rama-Senikura will be undertaken through the completion of a ground magnetic survey, additional field mapping, together with the integration of existing geological, geochemical, and geophysical data. Spectral analysis of clay minerals across the Rama-Senikura targets will also be done by aiSIRIS analysis.

Secondary "hydrothermal" magnetite is an important part of both the potassic and propylitic alteration assemblages in and around the Rama copper-gold porphyry system and magnetite distribution is easy and relatively cheap to map using a grid-based ground survey. Moreover, Ellis (1996) in his MSc study of Newmont's near-by Namosi copper-gold porphyry system noted that "increased concentrations of magnetite occur in zones of intense chalcopyrite/bornite mineralisation. This association of increased magnetite in areas of high-grade bornite mineralisation may be a useful way of exploring for high-grade zones."

Financing

Finder's fees may be payable in accordance with the policies of the TSX Venture Exchange.

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

The Company reserves the right to increase the number of Units issued pursuant to the Placement up to 8,333,333 for total gross proceeds of $500,000.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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

References

Ellis, P.D. (1996). The geology and mineralization of the Waisoi porphyry copper deposits, Namosi Province, Republic of Fiji. Unpublished MSc study, CODES Ket Centre, University of Tasmania, page 107.

Meldrum, S.J., Aquino, R.S., Gonzales, R.I., Burke, R.J., Suyadi, A., Irianto, B., and Clarke, D., 1994. The Batu Hijau porphyry copper-gold deposit, Sumbawa Island, Indonesia : Journal of Geochemical Exploration, v. 50, p. 203-220.

Sillitoe, R.H., 1993. Gold-rich porphyry copper deposits: Geological model and exploration implications, in Kirkham, R.V., Sinclair, W.D., Thorpe, R.I., and Duke, J.M., eds., Mineral exploration modelling: Geological Association of Canada Special Paper, v. 40, p. 465-478.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/204789

December 12, 2023 – Vancouver, British Columbia – Thunderstruck Resources Ltd. (the “Company”) announces the resignation of Lawrence Roulston from the board of directors effective December 11, 2023 as he shifts his focus to other entities. The Company extends its gratitude to Mr. Roulston for his contributions to the Company and wishes him success in his future ventures.

Stepping in as a Director of the Company to fill in the vacancy left by Mr. Roulston will be Mr. Eric Roth, previously an advisor to the Company and currently serving as the CEO and Director of Capella Minerals Ltd.

Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia and is an economic geologist with over 35 years of experience in international minerals exploration and mining project evaluation. Prior to Capella, he was Chief Operating Officer of Mariana Resources Ltd., which was acquired by Sandstorm Gold Royalties in July 2017 for the high-grade Hod Maden copper-gold discovery in NE Turkey. Prior to this, Mr. Roth was Chief Executive Officer of Aegean Metals Group Inc. (original acquirer of the Hod Maden project) and President and Chief Executive Officer of Extorre Gold Mines Ltd. (discoverer of the high-grade Cerro Moro gold-silver deposit in Santa Cruz Province, Argentina, which was acquired by Yamana Gold Inc. in mid-2012 for CAD 440M).

Eric worked for AngloGold Ashanti Ltd. ("AGA") between 2002 and 2008, initially as the Lima-based Peruvian project and South American opportunities manager and subsequently as the Johannesburg-based Global Head of greenfields exploration. During his Johannesburg tenure, AGA's greenfields exploration 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 <USD 15/oz. Prior to AGA, Eric worked with TSX-listed Aur Resources Inc., discoverer of the high-grade Louvicourt VMS deposit located near Val d'Or, Quebec.

Eric is a Fellow of the Australian Institute of Mining and Metallurgy (FAusIMM), a Fellow of the Society of Economic Geologists (SEG), and a principal of consulting firm ER Global Consulting SpA..

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:                               
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.

August 1, 2023 – Vancouver, British Columbia – Thunderstruck Resources Ltd. (The “Company”) is pleased to announce that it has entered into an Asset Sale Agreement dated July 26, 2023 with Austasia Investments Pte Ltd. to acquire a track mounted drill rig and related equipment for aggregate consideration of USD$211,726, of which US$100,000 will be paid through the set off a previously advanced deposit, US$86,726 will be paid through the issuance of 722,717 units (each a “Unit”) at a deemed price of US$0.12 per Unit and the remaining US$25,000 will be paid within six months.

Each Unit will comprise one common share and one share purchase warrant. Each warrant will entitle the holder to acquire an additional common share at a price of US$0.20 per share for a period of 36 months.

The transaction 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) (TuvatuPEA-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: 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.