Thunder Gold options Electra property, Shebandowan greenstone belt, Ontario
Thunder Bay, Ontario--(Newsfile Corp. - April 14, 2026) - Thunder Gold Corp. (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) (" Thunder Gold " or the " Company ") is pleased to announce it has executed a Definitive Agreement (the "Agreement") with ALX Resources Corp. (CSE:GXP), ("ALX" or the "Optionor"), to earn a 100% interest in the 4,571 hectare Electra Property, located immediately west and contiguous with the Company's flagship Tower Mountain Property (Reference Figure 1). The Company can earn a 100% interest in the 212 mineral claims by paying ALX a total of C$175,000 cash and issuing a total of 1,000,000 common shares of TGOL over a 24-month term. The Agreement is subject to approval by the TSX Venture Exchange ("TSX-V").
Wes Hanson P.Geo., President and CEO states: " The northern half of the Electra Property offers opportunity to increase the mineral resource at Tower Mountain. Historical work has identified numerous anomalous gold values within a broad (+100 metre), northeast trending Timiskaming conglomerate unit, parallel to the Thunder Lake Fault. Multiple, high-grade, surface grab samples, ranging from 0.10 to 82.5 g/t Au are reported at Bateman Lake, four (4) kilometres to the west of the Tower Mountain resource pit.
Historical surface trenching by Hemlo Gold (1995) reported 13.0 metres averaging 0.527 g/t Au and follow up drilling by others confirmed the presence of gold bearing Timiskaming conglomerate, including 10.5 metres averaging 0.621 g/t. Our 2025 soil geochemical and prospecting results, supported by Ontario Junior Exploration Program (OJEP) funding, identified elevated gold in soil and gold in rock results along the interpreted continuation of the Timiskaming conglomerate target within the Tower Mountain property. A total of 55 surface rock samples collected at the STAR Target average 0.363 g/t Au.
We believe there is additional potential for near-surface, satellite gold discoveries along the entire Timiskaming conglomerate trend. Our fully funded dr