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THM.V ·

Thunder Mountain Gold Inc. Announces Corporate News

Corporate Updates

Thunder Mountain Gold Inc. Announces

Corporate News

Boise, Idaho

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(Newsfile Corp.

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April 15, 2022)

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Thunder Mountain Gold, Inc. (OTCQB: THMG)

(TSXV: THM) (the "Company" or "THMG") is

announcing that Joseph H. Baird is retiring from the

Board of Directors.

Eric T. Jones, President and CEO of Thunder Mountain Gold Inc. commented, "I want to thank Joe

for his tireless efforts in helping guide the Company with his many years of service. J

oe is a valuable

part of the mining industry in the United States, and here in Idaho, and we are going to miss his

leadership on our Board."

Other Corporate News:

The

Company also has scheduled its Annual General Meeting for Tuesday, July 12, 2022. This

meeting will be facilitated by Computershare as a virtual meeting.

Regarding Thunder Mountain Gold, Inc.

Thunder Mountain Gold Inc., a junior exploration company founde

d 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, silver, gold, lead, and copper, located on private

land in Owyhee County Idaho

. In February 2019, The Company entered into an option agreement

with BeMetals Corp. (

www.Bemetalscorp.com

) based in Vancouver, British Columbia, Canada.

Thunder Mountain Gold also owns 100%

of the Trout Creek Project

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a gold exploration project

located along the western flank of the Shoshone Mountain Range in the Reese River Valley, adjacent

to and surrounded by Nevada Gold Mines, a joint operating agreement between Barrick and

Newmont Gold,

Inc. private mineral lands. For more information on Thunder Mountain Gold, please

visit the Company's website at

www.Thundermountaingold.com

.

Forward

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Looking Statements

This press release co

ntains forward

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looking statements that are based on the beliefs of management

and reflect the Company's current expectations. The forward

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looking statements in this press release

include statements with respect to the completion of the transactions contemp

lated with BeMetals

Corp., a Canadian Corporation. 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", "ant

icipates", "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 state

ments are

based on certain assumptions, which could change materially in the future, including the assumption

that the transactions contemplated with BeMetals Corp. 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 and ability of BeMetals to complete all required option payments and

issuance of shares under the BeMetals Option Agreement, the receipt of all required regulatory

approvals and the satisfaction of all required terms and conditions. Inves

tors should refer to THMG's

Form 10

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K, Form 10

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Q reports, and Definitive 14C Information Statement as filed May 20, 2019, for a

more detailed discussion of risks that may impact future results. There can be no assurance that

forward

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looking information wil

l 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

President and Chief Executive Officer

[email protected]

Office: (208) 658

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1037

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED

STATES.