Elko, Nevada, January 11, 2010: Thunder Mountain Gold, Inc. (OTCBB: THMG) (Company) announced today that it has signed a Sponsorship Agreement with Haywood Securities Inc. ? Vancouver, British Columbia (Haywood), whereby Haywood has agreed to act as sponsor in connection with the Company`s proposed listing on the Toronto Stock Exchange ? Venture Exchange (TSX-V). The sponsorship agreement is subject to the completion of satisfactory due diligence and the listing requirements of the TSX-V, and should not be construed as any assurance with respect to the merits of the transaction or the likelihood of completion.
It is anticipated that the Company`s TSX-V listing will be active sometime in early 2010, provided satisfactory completion of timely due diligence and meeting TSX-V listing requirements.
Additionally and further to the Letter of Intent (?LOI?) dated September 8th 2009 between Thunder Mountain Gold and Kenai Resources, the Companies have mutually agreed to terminate the LOI after a full analysis of the challenging cross border tax implications of the transaction. Kenai Resources fully supports the listing of Thunder Mountain Gold on the TSX Venture Exchange and both companies will maintain open lines of future communication.
Jim Collord, President of Thunder Mountain, said of these new developments, ?We are very excited about Haywood Securities support of our company in an effort to list our company on the TSX Venture Exchange. This dual listing will give investors in Canada a vehicle in which to participate in our company`s precious metals exploration activities.?
About Thunder Mountain Gold, Inc.:
Thunder Mountain Gold is U.S. based Exploration Company focused on the generation of premier precious and base metal properties in the Western United States, Mexico, and Alaska. A 74-year old company, Thunder Mountain Gold performs its own natural resource exploration and generates value for shareholders by aggressively developing high-grade, high-quality precious and base metal resources in politically stable mining regions.
Investor Relations: Eric Jones e-mail: eric@thundermountaingold.com
Jim Collord e-mail: jim@thundermountaingold.com
Forward-Looking Statements: Statements made which are not historical facts, such as anticipated production, exploration results, costs or sales performance are "forward-looking statements", and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to, metals prices volatility, volatility of metals production, exploration project uncertainties, industrial minerals market conditions and project development risks. Refer to the Company's Periodic Filings for a more detailed discussion of factors that may impact expected future results. Thunder Mountain Gold undertakes no obligation to publicly update or revise any forward-looking statements.
Cautionary Note to Investors - 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.
Eric T. Jones
Thunder Mountain Gold Inc.
5248 W. Chinden
Boise, ID 83714
208-761-3857 cell
208-658-1037 off
208-322-5626 fax
Eric@ThunderMountainGold.com