Agreement Amended Trout Creek Exploration Project

BOISE, ID - Thunder Mountain Gold, Inc. has signed an Amendment that modifies and extends the exploration Minerals Lease and Agreement with Newmont USA Limited on the Company`s Trout Creek Project. The extension allows the Company additional time periods to complete work requirements on the project and reduces the yearly work obligations.

Jim Collord, Chief Operating Officer of the Company, said, We are very pleased that Newmont has worked with us on the extension of our relationship with this revised agreement. Newmont is a valuable partner for us on this project, and we look forward to advancing the exploration target as soon as possible. It is our belief that Trout Creek is one of the best remaining pediment plays in Nevada with a favorable structural setting on the Eureka-Battle Mountain Trend, and more locally the Cortez-Phoenix alignment.

Trout Creek is a gold target situated on the Eureka-Battle Mountain trend in the Reese River Valley east of Newmonts operating Phoenix Mine and past producing Cove-McCoy Mines. Thunder Mountain signed a strategic exploration agreement with Newmont USA Limited in 2011. Newmont included a private mineral package covering about 9,565 acres, which was added to the original 78 unpatented mining claims (1,560 acres) staked by Thunder Mountain Gold in 2007 and added claims in 2012.

Under the terms of the Amendment, the Company was will be required to conduct and manage the exploration program and expended at least $150,000 by October 31, 2016. Under an escalating work commitment the out years, an additional $300,000 must be expended by October 31, 2017, and continuing into future years. Conducting drilling on Newmont lands is part of the work commitment, but the Agreement can be terminated after the minimum expenditure commitment has been made.

The Agreement outlines the terms of a joint venture in which Newmont can earn up to 70% of the project by expending 150% of the Company’s expenditures up to the point that Newmont decides to form a joint venture. If the Company defines economic mineralization of 500,000 ounces of gold or gold equivalent resources on the property and Newmont decides not to joint venture, then the Company can obtain ownership of any or all of the Newmont lands within the Area of Influence and Newmont would retain three percent (3%) of net smelter returns (NSR) as royalty interest.