Thunderstruck Announces Private Placement

THUNDERSTRUCK RESOURCES LTD.

www.thunderstruck.ca TSX-V: AWE OTC: THURF

TSXV: AWE

OTC: THURF

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Thunderstruck Announces Private Placement

July 6, 2023 – Vancouver, British Columbia – Thunderstruck Resources Ltd. (The “Company”)

announces that it has arranged a private placement of up to $250,000.

The non-brokered private placement involves the sale of up to 1,666,667 units at a price of

$0.15 per unit for aggregate gross proceeds of $250,000. Each unit will comprise one common

share and one share purchase warrant. Each whole warrant entitles the ho lder to purchase a

further common share at a price of $0.20 per share for a period of 36 months. The warrants will

be subject to accelerated exercise provisions such that if the closing price of the Company’s

common shares exceeds $0. 30 per share for a per iod of 20 consecutive trading days, the

Company may give notice of the acceleration of the warrants’ term to a period of 30 days

following such notice.

Finder’s fees may be payable in accordance with the policies of the TSX Venture Exchange.

Proceeds of th e placement will be utilized as working capital. The placement is subject to

regulatory approval, including the approval of the TSX Venture Exchange.

Directors and officers of the Company may acquire securities under the Placement, which

participation would be considered to be a “related party transaction” as defined under the

Multilateral Instrument 61 -101 (“MI 61 -101”). Such participation is expected to be exempt

from the formal valuation and minority shareholder approval requirements of MI 61-101.

The Company reserves the right to increase the number of Units issued pursuant to the

Placement to up to 3,333,333 Units for up to total gross proceeds of $500,000.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of

the securities in the United States. The securities have not been and will not be registered under

the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state

securities laws and may not be offered or sold within the United States or to or for the account

or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless

registered under the U.S. Securities Act and applicable state securities laws or an exemption

from such registration is available

THUNDERSTRUCK RESOURCES LTD.

www.thunderstruck.ca TSXV: AWE; OTC: THURF

About Thunderstruck Resources

Thunderstruck Resources is a Canadian mineral exploration company focused on the discovery

of high value gold-silver epithermal and copper-gold porphyry 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 advanced development project s including Tuvatu (Lion One LIO:TSX.V ),

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 (Newcrest Mining NCM:ASX),

Proven, Measured and Indicated Resources of 1.8Bt at 0.35% Cu 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.