Thunder Gold acquires freehold patent in Shebandowan belt, Ontario
Thunder Bay, Ontario--(Newsfile Corp. - April 16, 2026) - Thunder Gold Corp. (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) (" Thunder Gold " or the " Company ") is pleased to announce it has purchased 100% ownership of a freehold patent (the "Halow Patent"), adjacent to the Company's flagship Tower Mountain Property in the Shebandowan Greenstone Belt, 40 kilometres west of the international port city of Thunder Bay, Ontario (Reference Figure 1). Wes Hanson P.Geo., President and CEO states : "Our 2025 fall fieldwork, funded in-part, by the Ontario Junior Exploration Program ("OJEP"), identified two anomalous gold trends near the Halow patent (Reference Figure 2). Rock sampling established a 100 to 150-metre wide, east-northeast (ENE) gold trend along a 700-metre strike length, consisting largely of Timiskaming conglomerate.
Fifty-five (55) rock samples within the trend average 0.363 g/t Au. Approximately 50% of the rock sample population returned gold grades greater than 0.20 g/t Au (averaging 0.691 g/t Au), with a maximum sample value of 4.95 g/t Au. Soil geochemical results indicate multiple anomalies greater than 10 ppb Au within, and proximal to, the identified trend.
The observed trend continues over 2.5 kilometres to the southwest, towards the Bateman Lake gold occurrence located within the recently optioned Electra Property (Reference Figure 1). A second gold in soil anomaly, located 250 metres to the south, is defined by multi-station, gold in soil results greater than 25 ppb Au on the lines located along the Halow property boundary. In February 2026, we decided to take advantage of the winter conditions and direct our remaining OJEP funds to drilling the ENE striking target immediately north of the Halow patent.
A total of five holes (750 metres) were completed. Assays results are expected within a week. Four of the five drill holes intersected broad intervals (up to 100 metres) of distinctive, Timiskaming conglomerate with variable pyrite tenor ranging from trace