Thunder Gold Purchases Freehold Patent at Tower Mountain Property and Completes Sale of Seagull Lake Property

Thunder Gold Corp. has completed two strategic property transactions that strengthen its position at the flagship Tower Mountain Project while divesting non-core assets. The company acquired the 31-hectare Kons Patent within its existing Tower Mountain Property boundary for a modest $50,000 cash payment plus 700,000 common shares, with no legacy royalties attached. This acquisition provides crucial surface rights and simplified access to the eastern Tower Mountain Intrusive Complex (TMIC) contact, where strong magnetic lows remain untested exploration targets.

Simultaneously, Thunder Gold divested its Seagull Lake Property to private company Rift Mineral Inc. for $75,000 cash and 15.99 million Rift shares, while retaining a 1% net smelter return royalty that can be purchased for $1 million. This transaction allows Thunder Gold to focus resources on advancing Tower Mountain while maintaining exposure to Seagull Lake's exploration potential through its significant shareholding in Rift.

The Tower Mountain Property continues to demonstrate compelling economics with its January 2026 mineral resource estimate of 3.567 million ounces of gold (514,000 oz indicated and 3.053 million oz inferred) and an all-in discovery cost of just $3.95 per inferred resource ounce. The property benefits from exceptional infrastructure access, located 40 kilometers from the Port of Thunder Bay with year-round highway access and utilities at the property boundary.

These transactions reflect Thunder Gold's strategic focus on maximizing value from its core Tower Mountain asset while maintaining disciplined capital allocation. The Kons Patent acquisition specifically targets areas with similar geological signatures to known mineralization, potentially expanding the resource base at minimal cost. With a 15,000-meter resource definition drill program currently in progress and strong infrastructure advantages, Thunder Gold is well-positioned to advance Tower Mountain toward development while maintaining one of the industry's most cost-effective discovery profiles.