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Thunder Gold Intersects 661.5 Metres of Continuous Gold Mineralization Averaging 0.554 g/t Au

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Thunder Gold (OTCQB: TGOLF) reported diamond drill results from hole TM26-210 at the Bench Target on its Tower Mountain property near Thunder Bay, Ontario. The hole intersected a 661.5 metre continuously mineralized interval averaging 0.554 g/t Au, the longest such interval reported to date at the project.

Within this, Thunder Gold highlighted a 24.0 metre interval averaging 1.815 g/t Au. About 516.0 metres of the mineralized length averages 0.503 g/t Au inside the 2026 mineral resource estimate pit shell, while a further 145.5 metres averaging 0.731 g/t Au occurs immediately below the pit shell. The hole, drilled to 750 metres depth, ended in mineralization and is described by the company as supporting sub-vertical continuity and suggesting potential to expand inferred resources at depth.

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Positive

  • 661.5 m continuous interval averaging 0.554 g/t Au in TM26-210
  • Within pit shell, 516.0 m averages 0.503 g/t Au related to 2026 MRE
  • Below pit shell, 145.5 m interval averages 0.731 g/t Au
  • Best hole to date at Tower Mountain, according to Thunder Gold
  • Hole TM26-210 ended in mineralization, indicating open system at depth

Negative

  • None.

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Thunder Bay, Ontario--(Newsfile Corp. - August 11, 2026) - Thunder Gold Corp. (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) ("Thunder Gold" or the "Company") is pleased to announce exploration diamond drill results from the Bench Target, at the Company's flagship Tower Mountain Property, 40 kilometres west of Thunder Bay, Ontario.

Highlights:

  • Longest continuously mineralized interval reported to date: 661.5 metres averaging 0.554 g/t Au;
  • Longest continuous interval greater than 1.0 g/t Au: 24.0 metres averaging 1.815 g/t Au;
  • Strong resource expansion relevance: 516.0 metres averaging 0.503 g/t Au inside 2026 Mineral Resource Estimate ("MRE") pit shell;
  • Mineralization extends below the current pit shell: 145.5 metres averaging 0.731 g/t Au immediately below MRE pit shell;
  • Hole TM26-210 ended in mineralization: Supports the interpreted sub-vertical continuity of the Bench target and indicates the alteration system remains open down-dip.

TM26-210 targeted the interpreted continuation of the 300+ metre wide, sub-vertical zone of brecciated and altered volcanic-intrusive rocks of the Bench Target. The hole followed the eastern edge of the current optimized pit constraining the 2026 MRE, along the 100-metre interpolation limit utilized to estimate inferred resources. The hole lies 100 metres below holes TM21-120 (399.0 metres averaging 0.458 g/t Au) and TM22-134 (318.0 metres averaging 0.452 g/t Au), both of which terminated prematurely in mineralization (Reference Figure 1.0). Elevated gold values were intersected 50 metres earlier than anticipated and continued 75 metres past the interpreted lower limit. The hole ended in mineralization suggesting potential to further increase the inferred resource at depth.

Wes Hanson, President and CEO, states, "TM26-210 was an across-the-board success, currently the best hole ever reported at Tower Mountain. The hole clearly demonstrates potential to increase resources immediately adjacent to the currently defined optimized pit constraining the 2026 MRE with the deepest portion of the hole returning broad, consistent mineralization greater than 1.0 g/t Au on a sustained basis with an absence of outlier values. It clearly supports the 100-metre search radius used for the 2026 MRE and demonstrates that there are immediate opportunities with, and immediately adjacent to the optimized pit to increase and reclassify the 2026 MRE. This hole clearly supports our assertion that drilling to date has failed to adequately define the limits of the alteration halo hosting mineralization. The results certainly support the sub-vertical continuity of the zone and demonstrate potential for additional discovery at depth."

Mineralization occurs entirely within a sub-vertical, variably brecciated and altered sequence of intermediate volcanics and alkalic intrusives parallel to the central Tower Mountain Intrusive Complex ("TMIC") The brecciated sequence is cut by millimetre scale quartz-carbonate-tourmaline stockworks. Pyrite, ranging from trace to 5% (locally) is persistent throughout all observed lithologies except for late intermediate to mafic dikes, the only barren rocks observed to date.

Table 1.0 (below) shows the collar location data for hole TM26-210.

Table 1.0 – TM26-210 – Collar Location, Bearing and Dip

EastingNorthingElevationBearingDipTotal Depth
3009375377793481220-55750

 

Table 2.0 (below) summarizes the entirety of TM26-210 from the bedrock-overburden contact to the end of the hole which terminated in mineralization. Three (3) barren dikes were intersected within the mineralized zone at 129.0 metres (27.0 metres), 189.0 metres (7.5 metres) and 733.5 metres (12.0 metres), collectively representing 7% of the total interval length observed.

Four (4) intervals returned average grades less than the 0.19 g/t cut-off grade used to define the 2026 MRE.

The bottom of the hole, under the current optimized pit limit used to report the 2026 MRE returned the longest, continuous interval greater than 1.0 g/t Au ever observed at Tower Mountain, clearly demonstrating opportunity to not only increase mineral resource but suggesting that the system may be strengthening with depth.

Approximately 516 metres of the reported 661.5 metre interval is within the current optimized pit shell defining the 2026 MRE.

Table 2.0 – Summary of Significant Results – TM26-210

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Table 3.0 (below) presents the individual sample results for the entirety of TM26-210.

Table 3.0 – TM26-210 Interval Results

FromToAu g/t
FromToAu g/t
FromToAu g/t
67.50.034
6970.50.095
132133.50.092
7.590.044
70.5720.087
133.51350.071
910.50.021
7273.50.079
135136.50.044
10.5120.042
73.5750.124
136.51380.003
1213.50.051
7576.50.033
138139.50.055
13.5150.032
76.5780.021
139.51410.065
1516.50.016
7879.50.028
141142.50.065
16.5180.014
79.5810.050
142.51440.150
1819.50.026
8182.50.089
144145.50.054
19.5210.030
82.5840.076
145.51470.097
2122.50.086
8485.50.052
147148.50.042
22.5240.067
85.5870.090
148.51500.134
2425.50.143
8788.50.072
150151.50.063
25.5270.565
88.5900.155
151.51530.073
2728.50.262
9091.50.219
153154.50.056
28.5300.124
91.5930.199
154.51560.085
3031.50.094
9394.50.101
156157.50.394
31.5330.049
94.5960.200
157.51590.151
3334.50.070
9697.50.207
159160.50.121
34.5360.024
97.5990.094
160.51620.181
3637.50.071
99100.50.111
162163.50.138
37.5390.041
100.51020.104
163.51650.201
3940.50.036
102103.50.082
165166.50.267
40.5420.029
103.51050.066
166.51680.137
4243.50.050
105106.50.077
168169.50.119
43.5450.065
106.51080.167
169.51710.106
4546.50.041
108109.50.115
171172.513.200
46.5480.045
109.51116.740
172.51740.255
4849.50.038
111112.50.048
174175.50.181
49.5510.066
112.51140.189
175.51770.000
5152.50.054
114115.50.057
177178.50.100
52.5540.053
115.51170.122
178.51800.122
5455.50.022
117118.50.040
180181.50.465
55.5570.026
118.51200.139
181.51830.846
5758.50.030
120121.50.146
183184.50.282
58.5600.037
121.51230.130
184.51860.132
6061.50.099
123124.50.184
186187.50.150
61.5630.158
124.51260.140
187.51890.186
6364.50.037
126127.50.523
189190.50.090
64.5660.029
127.51290.441
190.51920.038
6667.50.021
129130.50.080
192193.50.058
67.5690.075
130.51320.043
193.51950.067
FromToAu g/t
FromToAu g/t
FromToAu g/t
195196.50.058
258259.50.007
321322.50.135
196.51980.625
259.52610.008
322.53240.458
198199.50.254
261262.50.061
324325.50.250
199.52010.258
262.52640.047
325.53270.385
201202.51.580
264265.50.049
327328.50.290
202.52041.760
265.52670.045
328.53300.208
204205.57.090
267268.50.034
330331.50.222
205.52072.110
268.52700.084
331.53330.203
207208.51.920
270271.50.167
333334.51.490
208.52101.690
271.52730.043
334.53360.511
210211.51.130
273274.50.085
336337.52.110
211.52130.155
274.52760.079
337.53390.234
213214.50.149
276277.50.048
339340.50.347
214.52160.135
277.52790.076
340.53420.189
216217.50.160
279280.50.140
342343.50.851
217.52190.132
280.52820.077
343.53450.526
219220.50.225
282283.50.159
345346.50.638
220.52220.195
283.52850.124
346.53480.461
222223.50.127
285286.50.053
348349.50.555
223.52250.148
286.52880.085
349.53510.185
225226.50.141
288289.50.207
351352.50.228
226.52280.101
289.52910.168
352.53540.331
228229.50.133
291292.50.177
354355.50.224
229.52310.183
292.52940.225
355.53570.389
231232.50.072
294295.50.142
357358.50.525
232.52340.072
295.52970.052
358.53600.486
234235.50.070
297298.50.114
360361.50.256
235.52370.149
298.53000.104
361.53630.357
237238.50.119
300301.50.226
363364.50.252
238.52400.092
301.53030.203
364.53660.326
240241.50.167
303304.50.131
366367.50.362
241.52430.154
304.53060.085
367.53690.251
243244.50.221
306307.50.132
369370.50.858
244.52460.138
307.53090.170
370.53720.404
246247.50.114
309310.50.293
372373.50.003
247.52490.146
310.53120.370
373.53750.054
249250.50.000
312313.50.192
375376.50.168
250.52520.165
313.53150.150
376.53780.302
252253.50.151
315316.50.192
378379.50.164
253.52550.221
316.53180.271
379.53810.321
255256.50.101
318319.50.230
381382.50.720
256.52580.012
319.53210.341
382.53840.909
FromToAu g/t
FromToAu g/t
FromToAu g/t
384385.50.396
447448.51.250
510511.50.933
385.53870.415
448.54500.458
511.55130.648
387388.50.253
450451.50.304
513514.51.220
388.53900.271
451.54530.280
514.55163.400
390391.50.598
453454.50.090
516517.50.751
391.53930.389
454.54560.631
517.55190.244
393394.50.364
456457.50.627
519520.50.294
394.53960.153
457.54590.912
520.55220.247
396397.50.657
459460.50.825
522523.50.273
397.53990.230
460.54620.240
523.55250.322
399400.50.136
462463.50.664
525526.50.949
400.54020.095
463.54650.593
526.55281.260
402403.50.166
465466.50.242
528529.51.220
403.54050.451
466.54680.343
529.55311.390
405406.50.527
468469.50.248
531532.52.390
406.54080.409
469.54710.221
532.55341.030
408409.50.155
471472.50.066
534535.51.750
409.54110.210
472.54740.112
535.55370.431
411412.50.095
474475.50.085
537538.50.152
412.54140.076
475.54770.189
538.55401.380
414415.50.030
477478.50.181
540541.51.120
415.54170.201
478.54801.330
541.55432.060
417418.50.204
480481.50.229
543544.52.400
418.54200.167
481.54830.490
544.55464.260
420421.50.091
483484.51.950
546547.50.879
421.54230.156
484.54860.216
547.55490.750
423424.50.265
486487.50.108
549550.50.382
424.54260.460
487.54890.267
550.55520.516
426427.50.370
489490.50.101
552553.50.483
427.54290.084
490.54920.094
553.55550.279
429430.50.291
492493.50.366
555556.50.094
430.54323.080
493.54950.849
556.55580.239
432433.517.200
495496.50.408
558559.50.426
433.54350.780
496.54980.200
559.55610.164
435436.51.020
498499.50.526
561562.50.763
436.54380.375
499.55010.140
562.55640.158
438439.50.140
501502.50.208
564565.50.339
439.54410.428
502.55040.356
565.55670.199
441442.50.132
504505.50.625
567568.50.445
442.54440.357
505.55070.604
568.55700.330
444445.51.900
507508.51.000
570571.50.487
445.54471.260
508.55100.489
571.55730.223
FromToAu g/t
FromToAu g/t
FromToAu g/t
573574.50.883
636637.52.270
699700.50.170
574.55760.577
637.56391.380
700.57020.520
576577.50.055
639640.52.790
702703.50.513
577.55790.058
640.56421.340
703.57050.214
579580.50.202
642643.51.180
705706.50.299
580.55820.495
643.56451.510
706.57080.590
582583.50.191
645646.51.150
708709.50.111
583.55850.140
646.56482.610
709.57110.258
585586.50.138
648649.51.020
711712.50.395
586.55880.175
649.56511.210
712.57141.170
588589.50.075
651652.51.210
714715.50.078
589.55910.065
652.56542.370
715.57170.083
591592.50.096
654655.51.180
717718.50.488
592.55940.131
655.56570.702
718.57201.360
594595.50.071
657658.52.610
720721.50.103
595.55970.145
658.56601.010
721.57230.029
597598.50.033
660661.52.320
723724.50.390
598.56000.219
661.56631.600
724.57260.166
600601.51.560
663664.51.090
726727.50.476
601.56031.370
664.56660.395
727.57290.134
603604.50.625
666667.50.648
729730.50.054
604.56060.401
667.56690.022
730.57320.062
606607.50.098
669670.51.080
732733.50.479
607.56090.440
670.56720.698
733.57350.096
609610.50.072
672673.50.634
735736.50.028
610.56120.063
673.56751.490
736.57380.059
612613.50.166
675676.51.740
738739.50.033
613.56150.493
676.56780.591
739.57410.062
615616.50.274
678679.50.327
741742.50.019
616.56180.479
679.56810.257
742.57440.011
618619.50.380
681682.50.385
744745.50.040
619.56210.826
682.56840.108
745.57470.146
621622.50.714
684685.50.209
747748.50.221
622.56241.480
685.56870.100
748.57500.603
624625.51.570
687688.50.153



625.56271.260
688.56900.219



627628.50.861
690691.50.141



628.56301.490
691.56930.812



630631.50.621
693694.50.814



631.56332.420
694.56960.155



633634.53.310
696697.50.205



634.56362.100
697.56990.146



 

Figure 1.0 presents a sectional view of TM26-210 for reference.

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Figure 1.0 – Diamond Drill Plan, UV Target, February to June 2026

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Figures 2 through 4 are core photos of the 24.0 metre interval of continuous results greater than 1.0 g/t Au, the longest continuously mineralized interval greater than 1.0 g/t ever intersected at Tower Mountain in over 50,000 metres of drilling.

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Figure 2.0 – TM26-210 624.8 metres to 642.1 metres

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Figure 3.0 – TM26-210 642.1 metres to 659.5 metres

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Figure 4.0 – TM26-210 659.5 metres to 677.3 metres

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Quality Assurance and Quality Control

Diamond drilling utilizes NQ diameter tooling. The core is received at the on-site logging facility where it is, photographed, logged for geotechnical, physical properties and geological data. Samples are identified, recorded, and cut in half by wet diamond saw. Half the core is sent for assay at an accredited laboratory with the remaining half core stored on site. A standard sample length of 1.5 meters is typically employed, varying only at major lithological contacts. 

Certified standards and blanks are randomly inserted into the sample stream and constitute approximately 10% of the sample stream.  Certified standards and blank performance is monitored with any failures evaluated and investigated to determine if said failure is a result of error during submission. Any unexplained failures are identified and the five samples preceding and following the failure are re-assayed. Commencing in 2026, duplicate pulps are prepared at a rate of 1 in every 20 samples. The duplicate pulps are sent to a second independent analytical facility for analyses.

Activation Laboratories Ltd., Thunder Bay, Ontario, ISO/IEC 17025:2017 is the primary independent analytical service provider.

AGAT Laboratories, Thunder Bay, Ontario, ISO/IEC 17025:2017 is the secondary, independent analytical facility. 

Samples are, received, dried, crushed to 80% passing 2.0 mm. A 250-gram sample is split and pulverized. Samples are analyzed for gold using a 30-gram lead collection fire assay fusion (FA) with an atomic absorption (AAS) finish. All assay results greater than 5.0 g/t Au are re-assayed using a gravimetric analysis. All assays greater than 30.0 g/t Au are re-assayed using screen metallics where a representative 1000-gram sample is split sieved at 149µm. Assays are performed on the entire +149 µm fraction and two splits of the -149 µm fraction. A final assay is calculated based on the weight of each size fraction.

Qualified Person

Technical information in this news release has been reviewed and approved by Wes Hanson, P.Geo., President and CEO of Thunder Gold Corp., who is a Qualified Person under the definitions established by NI 43-101.

About the Tower Mountain Gold Property

The 7,625-hectare, 100%-owned Tower Mountain Property is beside the Trans-Canada highway, 40-km west of Thunder Bay, Ontario (pop. 120,000). Gold mineralization occurs in variably brecciated and altered rocks surrounding the calc-alkalic Tower Mountain Intrusive Complex. Drilling to date has established an initial mineral resource parallel to the western contact of the intrusion. The remaining 75% of the contact demonstrates similar geology, alteration, and geophysical signatures and is untested by drilling. A second gold trend, identified in 2026, outcrops at surface and is continuously mineralized over a 100-metre width. This gold mineralization occurs within Timiskaming-type conglomerates that have been traced for over 5.0 kilometres along a southwest trend paralleling the Thunder Lake Fault. The Company believes both targets offer opportunities to materially increase the total resource through systematic drilling.

About Thunder Gold Corp.

Thunder Gold is advancing the Tower Mountain project in Thunder Bay, Ont. -- an emerging gold system with the scale, consistency and quality to support a long-life, open-pit operation. Results from the disciplined drill programs have consistently reinforced confidence in the continuity and predictability of the discovery while highlighting significant potential for expansion across multiple zones of the Tower Mountain intrusive complex. With industry-leading drilling costs, existing infrastructure and a skilled local work force, Tower Mountain represents a rare combination of size, scalability and cost-effective growth.

At Thunder Gold, our vision is clear: to unlock a discovery that has the potential to become a transformational gold project, delivering long-term value for shareholders while contributing to the future of Canada's mining industry.

For more information about the Company, please visit: www.thundergoldcorp.com.

On behalf of the Board of Directors,
Wes Hanson, P.Geo., President and CEO

For further information, contact:

Wes Hanson, CEO
(647) 202-7686
whanson@thundergoldcorp.com

Bryan Baritot, Investor Relations
IR@thundergoldcorp.com

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation (collectively, "forward-looking statements"). Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. All statements, other than statements of historical fact, are forward-looking statements and are based on predictions, expectations, beliefs, plans, projections, objectives and assumptions made as of the date of this news release, including without limitation: statements regarding the potential to increase, expand, or reclassify the 2026 Mineral Resource Estimate; the interpreted geological continuity, sub-vertical extent, and depth potential of the Bench Target and the broader alteration system hosting mineralization at Tower Mountain; the anticipated timing and results of ongoing and future drill programs; the Company's plans regarding further definition, expansion, and discovery drilling at Tower Mountain; and the Company's plans regarding exploring its mineral exploration properties generally, anticipated results of geophysical drilling programs, geological interpretations and potential mineral recovery. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate funding on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to the gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise any forward-looking statements, other than as required by applicable law, to reflect new information, events or circumstances, or changes in management's estimates, projections or opinions. Actual events or results could differ materially from those anticipated in the forward-looking statements or from the Company's expectations or projections.

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FAQ

What drill results did Thunder Gold (TGOLF) report from hole TM26-210 on August 11, 2026?

Thunder Gold reported that hole TM26-210 at the Bench Target intersected 661.5 metres of continuous gold mineralization averaging 0.554 g/t Au. According to Thunder Gold, this is the longest continuously mineralized interval reported so far at the Tower Mountain property.

How do the TM26-210 results relate to Thunder Gold’s 2026 mineral resource estimate (TGOLF)?

Thunder Gold stated that about 516.0 metres of the 661.5 metre interval averages 0.503 g/t Au inside the 2026 MRE optimized pit shell. According to Thunder Gold, this supports strong resource expansion relevance immediately adjacent to the existing pit shell.

Did Thunder Gold’s TM26-210 drill hole intersect higher-grade gold zones (TGOLF)?

Yes. Thunder Gold highlighted a continuous 24.0 metre interval averaging 1.815 g/t Au within TM26-210. According to Thunder Gold, the deepest portion of the hole returned broad, consistent mineralization above 1.0 g/t Au without relying on isolated outlier assays.

What does it mean that TM26-210 ended in mineralization for Thunder Gold shareholders (TGOLF)?

Thunder Gold indicated the hole ended in mineralization at 750 metres depth, suggesting the system remains open down-dip. According to Thunder Gold, this supports sub-vertical continuity at the Bench Target and suggests potential to increase inferred resources at depth.

Where is Thunder Gold’s Tower Mountain Bench Target located and what was the drill setup (TGOLF)?

The Bench Target lies on the Tower Mountain property, about 40 kilometres west of Thunder Bay, Ontario. According to Thunder Gold, hole TM26-210 was collared at 300937E, 5377793N, elevation 481 m, drilled at a 220° bearing and -55° dip to 750 metres total depth.

How does Thunder Gold describe the geological setting of the TM26-210 mineralization (TGOLF)?

Thunder Gold reports that mineralization occurs in a sub-vertical, brecciated and altered sequence of intermediate volcanics and alkalic intrusives parallel to the Tower Mountain Intrusive Complex. According to Thunder Gold, these rocks contain quartz-carbonate-tourmaline stockworks with persistent pyrite up to about 5% locally.

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