Thunder Gold Corp. · TSXV:TGOL
Thunder Gold — Investor Presentation (August 2026)
20 slides from Thunder Gold's investor presentation, August 2026
Slide 1: Exploration that Delivers
Exploration that Delivers August 2026 | TSX.V: TGOL | OTCQB: TGOLF | FRA: Z25 August 2026 TSX.V: TGOL | OTCQB: TGOLF | FRA: Z25
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 Discovery Potential Capital Efficiency In-pit and near pit growth potential, • $0.66 / $1.00 raised goes to exploration. • Average all-in drilling cost ~$250/m. Untested TMIC perimeter (6.0 kms), • All-in Discovery Cost $3.95/oz Thunder Lake Trend (5.0 kms
Slide 4: Premium Location
CNR &CPR Ontario N Tower Mtn Canada Property Thunder Bay Hwy 11/17 Premium Location • Tower Mountain has highway, rail, and hydro at site. Thunder • Located just 40 km west of the port city of Thunder Bay, Ontario. Bay • Thunder Bay is a resource town, with a readily available workforce. • Jurisdict
Slide 5: Resource Estimate Snapshot
Resource Estimate Snapshot EV ($) / Resource ounce - August 2026 514,000 oz 3,053,000 oz 1.8:1 $180.00 $160.00 $140.00 Indicated Resource Inferred Resource Waste to Ore $120.00 $EV/oz Au 34.5 Mt @ 0.46 g/t 211.1 Mt @ 0.45 g/t Strip Ratio $100.00 $80.00 $60.00 $40.00 $20.00 $- US$3,000 US$19.90 C$3.9
Slide 6: Benchmarking Canadian Large-Tonnage, Low-Grade (LTLG) Projects
Benchmarking Canadian Large-Tonnage, Low-Grade (LTLG) Projects Resource Tonnes (Jan. 2026) Resource Grade (Jan. 2026) Strip Ratio Comparables (Jan. 2026) 700.00 1.60 8.0 1.40 7.0 Au or Au Eq (g/t) 600.00 million tonnes 500.00 1.20 6.0 Waste:Ore 400.00 1.00 5.0 0.80 4.0 300.00 0.60 3.0 200.00 0.40 2.
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: UV Target – Recent Resource Expansion Drill Results (2026)
UV Target – Recent Resource Expansion Drill Results (2026) Before 2026 Phase 1 Drilling After 2026 Phase 1 Resource Expansion Program TM26-204 46 m @ 1.793 g/t Au (NOT in pit) Drilling identified low-grade mineralization external to current resource pit that could defer stripping costs and allow the
Slide 9: Bench Target – Recent Infill Drill Results (2026)
Bench Target – Recent Infill Drill Results (2026) Before 2026 Phase 2 Drilling After First Two Holes of 2026 Phase 2 Infill Program TM21-107/107X 340 m @ 0.530 g/t Au (In pit) 18.2 m @ 1.665 g/t Au TM26-210 516 m @ 0.503 g/t Au (In pit) 24 m @ 1.815 g/t Au Outside model limit Resource is drill const
Slide 10: Paragenesis
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 11: Exploration Vectors Indicate Opportunity for Resource Growth
Exploration Vectors Indicate Opportunity for Resource Growth 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 magnet
Slide 12: Thunder Lake Fault Trend Doubles Resource Opportunity
Thunder Lake Fault Trend Doubles Resource Opportunity New identified 5,000 metre trend of Timiskaming Conglomerate up to 100 metres wide. TM26-193 0.779 g/t Au / 15.0 m TM26-194 0.832 g/t . 15.0 m S97-2 0.82 g/t Au /16.0 m BL96-01 0.255 g/t Au / 9.8m BL97-01 0.240 g/t Au / 83.5m August 2026 TSX.V: T
Slide 13: 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 14: Project Roadmap
Project Roadmap Q1 Q3 Q1-2027 5,000 metres Definition Drilling 5,000 metres Definition Drilling Environmental Baseline 2,500 metres Exploration Drilling 10% COMPLETE Cultural Studies COMPLETE 5,000 metres Expansion Drilling Preliminary Engineering COMPLETE Q2 Q4 7,500 metres Definition Drilling 60%
Slide 15: 2026 Exploration Drilling
2026 Exploration Drilling Discovery Drilling 2,000 m @ $150 / m (Ontario Junior Exploration Program grants reduce cost per metre by 50%). COMPLETED Resource Growth 8,000 m @ $300 / m Deep holes (+600 m) targeting Inferred Resource Replacement under MRE pit limit. COMPLETED Resource Definition 15,000
Slide 16: 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) $1,200 Macassa –High Grade- UG @ 15.55
Slide 17: Corporate Overview
Corporate Overview Insiders TSX.V: TGOL 18% Ticker Symbols & Exchanges OTCQB: TGOLF FRA: Z25 Retail High 55% Net Worth Issued & Outstanding 319.1M 23% Options* 23.5M Institutional 4% Warrants** 79.6M Treasury Fully Diluted 422.2M (Aug. 2026) Market Capitalization*** (C$) $49.5M ~C$ 3.0M *($0.05 - $0
Slide 18: Management & Board
Management & Board | Experienced leadership with track record of discovery and mine-building M AN A GEM EN T BOARD OF DI RECT ORS Wes C. Hanson P.Geo. Dr. E. Strashin Chair, Audit Committee Chair CEO & President Former medical practioner, past President and CEO of TGOL precursor companies Canadian G
Slide 19: 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 20: 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. August 2026 TSX.V: