Thunder Gold Corp. · TSXV:TGOL
Thunder Gold — Investor Presentation (March 2026)
16 slides from Thunder Gold's investor presentation, Mar 23, 2026
Slide 1: Exploration That Delivers.
Exploration That Delivers. Q1 2026 | INVESTOR PRESENTATION TSX.V: TGOL | OTCQB: TGOLF | FRA: Z25 Q1 2026
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements included in this presentation are forward-looking statements which are made pursuant to the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995. They include estimates and statements that describe the Company’s
Slide 3: Investment Highlights
Investment Highlights Demonstrated Tier One Capital Efficiency Discovery Potential • $0.66 / $1.00 raised goes to exploration. Scale and grade aligned with • Average all-in drilling cost ~$275/m. Canada’s largest open-pit gold mines. • All-in Discovery Cost $3.95/oz Strategic Location Significant Ex
Slide 4: Project Snapshot
Project Snapshot IN PIT RESOURCE SENSITIVITY 514,000 oz 3,053,000 oz 1.8.1 250.0 0.90 0.80 Average Grade (Au g/t) 200.0 Indicated Resource Inferred Resource 0.70 Mineralization (Mt) Waste to Ore 0.60 34.5 Mt @ 0.46 g/t 211.1 Mt @ 0.45 g/t Strip Ratio 150.0 0.50 0.40 100.0 0.30 50.0 0.20 0.10 US$3,00
Slide 5: Premium Location
N Tower Ontario Mountain Canada Thunder Bay Premium Location • Tower Mountain has highway, rail, and hydro at site. • Located just 40 km west of the port city of Thunder Bay, Ontario. • Thunder Bay is a resource town, with a readily available workforce. • Jurisdiction is safe with no political turmo
Slide 6: Multiple Opportunities for Resource Growth
Multiple Opportunities for Resource Growth 25% of optimized pit is unknown due to gaps in drill coverage. Long-term resource growth from remaining 80% (7,000 m) of Discovery potential adjacent to and below optimized pit. alteration halo and depth extension of system. Tower Mountain Intrusive Complex
Slide 7: Benchmarking Against Canadian Large-Tonnage, Low-Grade (LTLG) Projects
Benchmarking Against Canadian Large-Tonnage, Low-Grade (LTLG) Projects Resource Tonnage Resource Grade Enterprise Value per Au oz 700.00 2.50 $250.00 Au or Au Eq (g/t) 600.00 million tonnes 2.00 $200.00 500.00 400.00 1.50 $150.00 C$ 300.00 1.00 $100.00 200.00 100.00 0.50 $50.00 0.00 0.00 $- MRE is d
Slide 8: Less Than C$4.00 Per Oz. Discovery Cost
Less Than C$4.00 Per Oz. Discovery Cost Lowest All-in Discovery Cost Canadian LTLG Developers & Explorers All In Discovery Cost $35.00 TMIC $30.00 $25.00 C$ per oz $20.00 $15.00 $10.00 $5.00 $- Q1 2026 8
Slide 9: Exploration Opportunities
Exploration Opportunities Multiple paths to add to the resource 1 Uniform Mineralization Uniform gold grades in ALL rock types from surface to 500m depth. 2 In-Pit Potential 20-25% of the pit shell is un-estimated and currently considered to be waste. 3 Near-Pit Potential Numerous opportunities to i
Slide 10: Cash Costs of Production, Actual vs. Estimated | Canada (2025)
Cash Costs of Production, Actual vs. Estimated | Canada (2025) Canadian Producers & LTLG Developers Cash Cost of Production $1,400 1 Agnico Eagle Mines “Goal posts” Detour Lake LTLG- OP @ 0.85 g/t (1.29 g/t Au) (0.47 g/t AuEQ) $1,200 Macassa –High Grade- UG @ 15.55 g/t (0.59 g/t AuEQ) 2 Impact of Gr
Slide 11: Estimated Initial Capital per tonne of Planned Throughput
Estimated Initial Capital per tonne of Planned Throughput Canadian LTLG Developers Estimated Initial Capital Cost / tonne of Throughput $80,000 $70,000 1 Canadian LTLG Open Pit Projects $60,000 $50,000 2 Greater than 50,000 tonnes per day US$20,000 per tonne (Tower Mtn. Target Throughput Range) US $
Slide 12: Project Roadmap
Project Roadmap Q1 Q3 Q1-2027 Phase 1 Phase 2 Update MRE 5,000 metres Definition Drilling 7,500 metres Definition Drilling Initiate Scoping Study (PEA). 2,500 metres Expansion Drilling Q2 Q4 Metallurgy – Flotation + Regrind Phase 3 Environmental TOR 5,000 metres Definition Drilling Ground MAG 5,000
Slide 13: Corporate Overview
Corporate Overview TSX.V: TGOL Insiders Ticker Symbols & Exchanges OTCQB: TGOLF 18% FRA: Z25 Retail High Issued & Outstanding 305.7M 55% Net Worth 23% Options* 13.9M Warrants** 91.7M Institutional 4% Fully Diluted 411.2M Market Capitalization (C$) 39M Treasury (March 2026) As at March 23, 2026, at $
Slide 14: Management & Board
Management & Board | Experienced leadership with track record of discovery and mine-building MANA GEM ENT BO AR D O F D I REC TO RS Wes C. Hanson Elliot Strashin Nigel Lees P.Geo, CEO & President Director (Chairman) Director Wes Hanson has 43 years of experience in mining and Dr. Elliot Strashin beg
Slide 15: Why Invest Now
Why Invest Now 1 District-Scale Discovery Potential A large mineralized system showing exceptional grade consistency. 5 Attractive Entry Point Current valuation reflects only a fraction of what has been demonstrated, creating strong leverage to further discoveries. 2 Clear Path to Value Creation Wel
Slide 16: Contact
Contact Wes Hanson, CEO & President whanson@thundergoldcorp.com David Speck, CFO & Corporate Secretary dspeck@thundergoldcorp.com Thunder Gold Corp. 128-1100 Memorial Ave., Thunder Bay, ON P7B 4A3 TSX.V: TGOL | OTCQB: TGOLF | FRA: Z25 Overhead view of drill site at Tower Mountain. Q1 2026