April 14, 2021 – Vancouver, British Columbia – Thunderstruck Resources Ltd. (the “Company”; TSX-V: AWE, OTC: THURF) announces that it has commenced a civil claim in the British Columbia Supreme Court against Bonga Xploration Drilling Supplies Inc. (“Bonga”), a British Columbia entity, and its principals, Lloyd Francis Gale and Viccy Namuyomba, regarding breaches of a service contract dated May 15, 2020 as well as defamatory and libelous statements made by the principals of Bonga against the Company, its CEO and Senior Management.
Bonga breached the terms of its services agreement by disclosing confidential information of the Company to the Fiji Sun, failing to ensure safety standards and procedures were followed, failing to utilize properly experienced personnel, failing to progress work diligently, failing to keep equipment in good working order, and failing to pay the Company for expenses incurred on behalf of Bonga and advances made to Bonga.
Following the termination of the services agreement by the Company, Bonga and its principals commenced a defamatory campaign against the Company, including postings directed at the investor community in Stockhouse and CEO.ca as well as to the Company’s joint venture partner, where Bonga sought to have them terminate its relationship with Thunderstruck and engage Bonga for its services alone.
The Company intends to vigorously pursue its claims against Bonga including payment of damages to the Company suffered as a result of Bonga’s conduct.
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, VP Business Development and Investor Relations
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.