Thunder Gold Corp. · TSXV:TGOL
Thunder Gold — Investor Presentation (March 2026)
26 slides from Thunder Gold's investor presentation, March 2026
Slide 1: Exploration that Delivers
Exploration that Delivers March 2026 | TSX.V: TGOL | OTCQB: TGOLF | FRA: Z25 March 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: 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 5: Resource Estimate Snapshot
Resource Estimate Snapshot Enterprise Value per Au oz (Jan. 2026) 514,000 oz 3,053,000 oz 1.8:1 $250.00 Indicated Resource Inferred Resource Waste to Ore $200.00 34.5 Mt @ 0.46 g/t 211.1 Mt @ 0.45 g/t Strip Ratio $150.00 C$ $100.00 $50.00 US$3,000 US$19.90 C$3.95 $- Gold Price Operating costs All in
Slide 6: Benchmarking Canadian Large-Tonnage, Low-Grade (LTLG) Projects
Benchmarking Canadian Large-Tonnage, Low-Grade (LTLG) Projects Resource Tonnage (Jan. 2026) Resource Grade (Jan. 2026) Strip Ratio Comparables 700.00 2.50 8.0 Au or Au Eq (g/t) 600.00 7.0 million tonnes 2.00 6.0 500.00 Waste:Ore 400.00 1.50 5.0 300.00 4.0 1.00 3.0 200.00 0.50 2.0 100.00 1.0 0.00 0.0
Slide 7: Mineral Resource Estimate (MRE) – January 2026
Mineral Resource Estimate (MRE) – January 2026 Optionality to increase average grade through sequencing INDICATED INFERRED Cut-off Ore Average Contained Ore Average Contained Waste Strip MRE Assumptions (all $ in $US) Grade Tonnes Grade Gold Tonnes Grade Gold Tonnes Ratio (Au g/t) (Au g/t) (Au oz) (
Slide 8: Exploration Opportunities
Exploration Opportunities Multiple Paths to Increase 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
Slide 9: Paragenisis
Paragenisis Intermediate Metavolcanics Tower Mountain Intrusive Complex Feldspar Porphyry Timiskiming Sediments Hydrothermal Brecciation Amphibolization Epidotization Carbonatization, Sericitization, Chloritization Pyritization + Au Veining Quartz +/- Carbonate +/- Chlorite +/- Au Late Felsic-Mafic
Slide 10: Exploration Vectors
Exploration Vectors Long-term resource growth from remaining 80% (7,000 m) of alteration halo and depth extension of system. Outcrop is minimal, less than 25% within the claim package. Heli-Mag (shown) is the primary exploration vector as it highlights magnetic destruction surrounding the TMIC (blue
Slide 11: Metallurgy
Metallurgy HOLE ID From (m) To (m) Interval (m) Grade (Au g/t) Recovery (%) TM21-121 194.00 197.00 3.00 0.267 79.6% Sixteen representative samples. TM21-111 200.00 203.00 3.00 0.377 90.8% Two independent , accredited laboratories. TM22-128 32.00 72.50 40.50 0.450 90.0% TM21-95 157.50 160.50 3.00 0.4
Slide 12: Project Roadmap
Project Roadmap Q1 Q3 Q1-2027 Phase 1 5,000 metres Definition Drilling Environmental Baseline 5,000 metres Definition Drilling 5,000 metres Expansion Drilling Cultural Studies 2,500 metres Expansion Drilling Preliminary Engineering Q2 Q4 7,500 metres Definition Drilling MRE Update Metallurgical Test
Slide 13: 2026 Exploration Drilling
2026 Exploration Drilling Discovery Drilling 2,000 m @ $150 / m (Ontario Junior Exploration Program grants reduce cost per metre by 50%). Resource Growth 8,000 m @ $300 / m 2026 Proposed DHs Deep holes (+600 m) targeting Inferred Resource Replacement under MRE pit limit. Resource Definition 15,000 m
Slide 14: 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 Theoretical Range - Tower Mountain 1 Agnico Eagle Mines “Goal posts” Detour Lake LTLG- OP @ 0.85 g/t (1.29 g/t Au) (0.47 g/t AuEQ) $1,200 Macassa –High Grade- UG @ 15.55
Slide 15: Corporate Overview
Corporate Overview Insiders TSX.V: TGOL 18% Ticker Symbols & Exchanges OTCQB: TGOLF FRA: Z25 Retail High 55% Net Worth Issued & Outstanding 280.7M 23% Options* 13.9M Institutional 4% Warrants** 79.3M Treasury Fully Diluted 373.8M (February 2026) Market Capitalization (C$) 32.0M ~C$ 3.2M *($0.05 - $0
Slide 16: Management & Board
Management & Board | Experienced leadership with track record of discovery and mine-building MANAGEMENT BOARD OF DIRECTORS 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 began his ca
Slide 17: 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 18: 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. March 2026
Slide 19: APPENDIX
APPENDIX From the drill bit March 2026 | TSX.V: TGOL | OTCQB: TGOLF | FRA: Z25 March 2026
Slide 20: Exploration Opportunities
Exploration Opportunities Multiple Paths to Increase the Resource TM25-180 15.0 to 348.0 333.0m @ 0.469 g/t Au Slide 20 141.5 to 159.0 Slide 21 159.0 to 176.5 Slide 22 228.0 to 246.0 Slide 23 319.5 to 339.0 TM25-180 March 2026 20
Slide 21: 141.5 to 159.0 – 18.0m @ 0.588 g/t Au
TM25-180 141.5 to 159.0 – 18.0m @ 0.588 g/t Au (Brecciated and altered volcanic rock) March 2026 21
Slide 22: 159.0 to 176.5 17.5m @ 0.31 g/t Au in Trachyte / Volcanic
TM25-180 159.0 to 176.5 17.5m @ 0.31 g/t Au in Trachyte / Volcanic March 2026 22
Slide 23: 228.0 to 246.0 18.0m @ 1.398 g/t Au
TM25-180 228.0 to 246.0 18.0m @ 1.398 g/t Au - brecciated and altered volcanic / intrusive sequence March 2026 23
Slide 24: 319.5m to 339.0 19.5 m@ 0.492 g/t Au
TM25-180 319.5m to 339.0 19.5 m@ 0.492 g/t Au - brecciated and altered volcanic / intrusive series March 2026 24
Slide 25: TM25-192 (1,000 metres SOUTH of TM25-180)
TM25-192 (1,000 metres SOUTH of TM25-180) 139.5m to 159.0 19.5 m@ 0.484 g/t Au - brecciated and altered volcanic / intrusive sequence March 2026 25
Slide 26: TM24-151 (P-Target, 1,600 metres EAST of TM25-180)
TM24-151 (P-Target, 1,600 metres EAST of TM25-180) 1.5m to 19.6 18.1 m@ 0.726 g/t Au - brecciated and altered volcanic / intrusive sequence March 2026 26