Thunder Mountain GOLD, Inc. and Bemetals Complete Tranche 1 of the Bemetals Option Agreement

THUNDER MOUNTAIN

GOLD INC.

11770 W. President Dr., Ste. F

Boise, Idaho 83713

phone: (208) 658-1037

Website: www.thundermountaingold.com OTCBB: THMG

TSX-V: THM

TSX-V: THM

OTCQB: THMG

News Release

THUNDER MOUNTAIN GOLD, INC. AND BEMETALS COMPLETE TRANCHE 1

OF THE BEMETALS OPTION AGREEMENT

Boise, Idaho and Vancouver B.C. – March 4, 2019: Thunder Mountain Gold, Inc. (OTC QB: THMG; TSX-

V: THM), (the “Company” or “THMG”) is pleased to announce that in connection with the execution of the

previously announced BeMetals Option Agreement (“Agreement”) on the Company’s South Mountain Project,

shareholders of the Company holding approximately 53% of the issued and outstanding shares of the Co mpany

have executed voting support agreements in favor of BeMetals Corp. and its wholly -owned subsidiary,

BeMetals USA Corp. (the “ Voting Support Agreements’ ). Under the terms of the Voting Support

Agreements, these shareholders have agreed to vote in favor and consent to the approval of the transactions set

forth in the Agreement. These shareholders include directors, executive officers and principal shareholders of

the Company.

In accordance with the Agreement, BeMe tals has completed the Tranche 1 cash payment of US$100,000 to

Company through its wholly -owned subsidiary , Thunder Mountain Resources Inc., as required within one

business day of delivery of voting support agreements from shareholder s of THMG holding more than 50% of

THMG’s outstanding shares.

The Comp any will provide additional information to shareholders of the Company regarding the BeMetals

Option Agreement in either a Schedule 14A proxy circular or a Schedule 14C information statement to be

prepared in connection with obtaining the required sharehol der approval to the BeMetals Option Agreement.

There is no assurance that all the stages contemplated under the BeMetals Option Agreement will be

completed.

Regarding Thunder Mountain Gold, Inc.

Thunder Mountain Gold Inc., a junior exploration company f ounded in 1935, owns interests in base and

precious metals projects in the western U.S. The Company’s principal asset is The South Mountain Mine, an

historic former producer of zinc, sil ver, gold, lead, and copper , located on private land in Owyhee County

Idaho. The Company has just entered into an option agreement with BeMetals Corp . (www.Bemetalscorp.com)

based in Vancouver, British C olumbia, Canada. The Company also owns 100% of the Trout Creek Project – a

grass roots gold target in the Eureka -Battle Mountain trend of central Nevada. For more information on

Thunder Mountain, please visit the Company’s website at www.Thundermountaingold.com.

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 in this press release include statements with respect to

the completion of the transactions contemplated under the BeMetals Option Agreement. Generally, forward-looking

statements can be identified by the use of forward-looking terminology such as “plans”, “expects”, “is expected”,

“budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes” or variations of such words and

phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”

or “be achieved” or the negative connotation thereof. The forward-looking statements are based on certain assumptions,

which could change materially in the future, including the assumption that the transactions contemplated under the

BeMetals Option Agreement will be completed. 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.

Such factors include the determination of BeMetals to complete all required option payments under the BeMetals Option

Agreement, the receipt of all required shareholder and regulatory approvals and the satisfaction of all required conditions

precedent. 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. Accordingly, 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.

For further information, please contact:

Thunder Mountain Gold, Inc.

Eric T. Jones Jim Collord

President and Chief Executive Officer Vice President and Chief Operating Officer

[email protected] [email protected]

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