Thunderstruck Resources Announces Strategic Investment by Zhaojin International Gold Co. Ltd.
Thunderstruck Resources Announces
Strategic Investment by Zhaojin International
Gold Co. Ltd.
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2026) - Thunderstruck Resources Ltd. (TSXV:
AWE) (OTC: THURF) (the "Company" or "Thunderstruck") is pleased to announce that Zhaojin
International Gold Co. Ltd. (SZSE: 000506) ("Zhaojin"), a Shenzhen Stock Exchange-listed gold mining
company and the owner and operator of Fiji's Vatukoula Gold Mine, intends to make a strategic
investment in the Company, marking Zhaojin's first investment in an exploration company.
The proposed investment underscores growing strategic interest in Thunderstruck's highly prospective
mineral portfolio in Fiji and is expected to strengthen the Company's ability to advance its 2026
exploration priorities through alignment with a well-capitalized and experienced mining group with an
established operating presence in the country.
Thunderstruck's portfolio includes district-scale exploration opportunities prospective for gold, silver, zinc
and copper, and the Company believes Zhaojin's investment represents a significant validation of both
its asset base and long-term growth strategy.
"Thunderstruck is uniquely positioned in Fiji with a portfolio that offers both scale and discovery potential,
and this partnership will meaningfully enhance how we move those assets forward." stated Bryce
Bradley, Thunderstruck's Chief Executive Officer. "Our objective is to build long-term value through
disciplined exploration, strong technical execution and strategic partnerships, and this investment is an
important step in that process. Notably, within the first year following Zhaojin's acquisition of the
Vatukoula Gold Mine, the mine was successfully restored to profitability, demonstrating the operational
capability that we're looking for in a partner."
Terms of Investment
Zhaojin, or its affiliates, will, directly or indirectly, enter into a subscription agreement (the "Subscription
Agreement") for such number of common shares of the Company that will represent approximately
19.99% of the issued and outstanding common shares of the Company following completion of the
investment (the "Offering").
The proposed investment will consist of 14,207,134 common shares of the Company at a price of $0.11
per common share, for aggregate gross proceeds of CDN$1,562,784.74.
The net proceeds from the Offering are expected to be used to fund the Company's 2026 exploration
programs on its mineral prospects in Fiji, as well as for general working capital purposes. No finder's
fees are payable in connection with the Offering.
The Offering remains subject to the execution of definitive documentation, including the Subscription
Agreement, and is also subject to receipt of all required approvals, including approval of the TSX
Venture Exchange and applicable Chinese regulatory authorities.
In connection with the proposed strategic investment, the Company and Zhaojin also intend to enter into
an investor rights agreement, pursuant to which, subject to certain conditions and ownership thresholds,
Zhaojin will be granted certain rights, including the right to appoint one director to the Company's board
of directors and to designate a Vice President, Exploration for the Company.
About Zhaojin
Zhaojin International Gold Co. Ltd. (SZSE: 000506) is a Shenzhen Stock Exchange-listed mining
company headquartered in Jinan City, Shandong Province, People's Republic of China. In Fiji, Zhaojin is
the owner and operator of the Vatukoula Gold Mine, a historically significant gold operation that has
been in continuous production for over 90 years and currently supports a workforce of more than 1,300
employees and contractors.
Zhaojin's controlling shareholder is Zhaojin Group, a vertically integrated gold mining enterprise with
operations across mineral exploration, mining, processing, smelting, refining, gold bar production and
gold jewelry manufacturing. Zhaojin Group is among China's leading gold producers with reported total
consolidated gold production of approximately 600,000-700,000 ounces in 2025.
Warrant Extension
In other news, the Company announces that it intends to extend the expiry date of an aggregate of
536,666 outstanding share purchase warrants by two years.
The warrants were originally issued on July 7, 2023, and currently expire on July 7, 2026. Subject to
approval of the TSX Venture Exchange, the Company intends to extend the expiry date of the warrants to
July 7, 2028. All other terms of the warrants will remain unchanged, including the original exercise price
of $0.20 per warrant.
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 90 years of activity at the prolific Vatukoula Gold Mine
alongside several other advanced development projects 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 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:
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/290635