Thunderstruck Announces Debt Settlement
THUNDERSTRUCK RESOURCES LTD.
www.thunderstruck.ca TSX-V: AWE OTC: THURF
TSXV: AWE
OTC: THURF
Thunderstruck Announces Debt Settlement
October 24, 2025 – Vancouver, British Columbia – Thunderstruck Resources Ltd. (the
“Company”) announces that it has entered into a debt settlement agreement dated October
24, 2025 with its Chief Executive Officer, Bryce Bradley, to settle $155,000 of unpaid
salary, accrued over a 31 month period, by issuing 3,100,000 common shares of the
Company at a deemed price of $0.05 per share (the “Settlement Shares”). The Board of
Directors, with Ms. Bradley abstaining, believes that it is in the interests of the Company
to preserve the Company’s cash for ongoing operations and exploration activities.
The completion of the debt settlement is subject to customary closing conditions,
including the approval of the TSX Venture Exchange. The Settlement Shares will be
subject to a statutory four-month hold period from the date of issuance.
The debt settlement will be a "related party transaction" under Policy 5.9 of the TSX
Venture Exchange and Multilateral Instrument 61-101 – Protection of Minority Security
Holders in Special Transactions ("MI 61-101"). The debt settlement is exempt from the
minority approval and formal valuation requirements of MI 61-101 pursuant to
subsections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the debt,
nor the fair market value of the shares to be issued in settlement of the debt, exceeds 25%
of the Company's market capitalization.
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 other advanced development project s and mines 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
THUNDERSTRUCK RESOURCES LTD.
www.thunderstruck.ca TSXV: AWE; OTC: THURF
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: [email protected]
P: 1-604-349-8119
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.