Thunder Mountain GOLD Grants Stock Options

THUNDER MOUNTAIN GOLD, INC.

11770 W. President Dr., Ste. F Tel: (208) 658-1037

Boise, Idaho 83713

OTCQB: THMG TSX-V: THM

News Release

THUNDER MOUNTAIN GOLD GRANTS STOCK OPTIONS

Boise, Idaho – March 22, 2017 - Thunder Mountain Gold, Inc. (the “Company” or “Thunder

Mountain”) (TSX-V: THM; OTCQB: THMG) announces that pursuant to its Corporate Stock

Option Plan, the Compa ny has granted 600 ,000 stock options to directors, officers, employees

and consultants of the Company and its affiliates to purchase com mon shares in the capital stock

of the Company. 400,000 options are exercisable on or before March 20, 2022 at a price of $0.09

per share, and 200,000 options are exercisable on or before March 20, 2022 at a price of $0.10

per share. In total the Company has issued 5,365,000 stock options equal to 9.8 % of the issued

and outstanding stock.

Thunder Mountain Gold, Inc , is a U.S. – based exploration company founded in 1935, with

direct ownership interest in two U.S. precious and base metal projects. The Company’s principal

asset is The South Mountain Project – a former producer of zinc-silver-gold project with copper

and lead, located in southern Idaho`s Owyhee County. The Company`s Trout Creek Project is a

grass roots gold target , drill ready, and located in the Eureka-Battle Mountain trend of central

Nevada. For more information on Thunder Mountain Gold, please visit the Company’s website

at www.Thundermountaingold.com, or Twitter @THMG1.

Forward-Looking Statements

This press release contains forward -looking statements that are based on the beliefs of management and

reflect the Company's current expectations. The forward -looking statements are based on certain

assumptions, which could change materially in th e future. By their nature, forward -looking information

involves known and unknown risks, uncertainties and other factors that may cause actual results,

performance or achievements to be materially different from any future results, performance or

achievements expressed or implied by the forward -looking information. There can be no assurance that

forward-looking information will prove to be accurate, as actual results and future events could differ

materially from those anticipated in such statements. Accord ingly, investors should not place undue

reliance on forward -looking information. Forward -looking information is provided as of the date of this

press release, and the Company assumes no obligation to update or revise them to reflect new events or

circumstances, except as required in accordance with applicable laws.

Cautionary Note to Investors

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The United States Securities and Exchange Commission (“SEC”) permits mining companies, in their

filings with the SEC, to disclose only those mineral deposits that a company can economically and legally

extract or produce.

For further information, please contact:

Thunder Mountain Gold, Inc.

Eric T. Jones Jim Collord

President and Chief Executive Officer Chief Operating Officer

[email protected] [email protected]

Tel: (208) 658-1037 Tel: (208) 658-1037