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Thunder Energies Reports $33M 3,200 acre Nevada Mining Property Value

Atlanta, GA

Jan 12, 2023

Geologist assessment completed for reserves of gold and other valuable minerals at Thunder Energies’ 3,200 acre Nevada mining property.

ATLANTA, GA – THUNDER ENERGIES CORP (OTCBB: TNRG) reports the fair market value assessment issued by the engagement of Lane A. Griffin, a professional geologist, to assess the reserves of gold and other valuable minerals present at Thunder Energies’ Nevada mining property.

The valuation is based on his visits to the 3,200 acre parcel in northeast Nevada, nearby mining activity and reports, as well as rock sample results, independently examined, that Griffin collected. American Assay, Sparks, Nevada, conducted the rock analysis for Griffin.

Griffin places the value of the property at $33 million. Thunder Energies has received a formal valuation report from Griffin in addition to the rock sample reports prepared by American Assay.

The geologist collected seven rock samples to assess the value of the minerals of the property. His findings, by location, were as follows.

  • {Sample 1} Representative sample of lower mine dump, copper and iron

  • {Sample 2} Representative sample of mine dump, iron oxide and copper

  • {Sample 3} Mine lower dump, representative sample with grey quartz and

  • {Sample 4} Phalen mine upper mine dump, representative sample, iron

  • {Sample 5} Same location as above, select sample, metal detector was

  • {Sample 6} Mine dump below drift 800 m south of Phalen mine, granite

  • {Sample 7} Mine dump below shaft just west of marble quarry, granite

Also noted by the geologist were deeded water rights that are sufficient to supply a substantial surface mining operation, and reserves of various critical base metals. The property has various surface and subsurface, mineral, rights as well.

Thunder Energies entered into a joint venture and partnership agreement with Fourth and One this past spring, as previously announced by company management.

Griffin previously issued the following executive assessment of the property as part of his initial engagement.

  • In 2013, gold mineralization was recognized on the west side of the Kinsley project in

  • Subsequent drilling in 2014 returned numerous high-grade gold intercepts within the

  • Drilling in 2015 through 2020 extended portions of the Western Flank mineralization to

  • The styles of alteration, mineralization, and geochemistry at the Kinsley project are

Thunder Energies management initially declined to comment on the assessment, noting it speaks for itself, and stating that would continue to be the company’s position. Company management intends to partner with experienced, qualified, mining entities to extract mineral resources from the several thousand acres owned.

Property rights, as mentioned above, include both surface and subsurface rights, and water rights, all as part of a joint venture with Fourth and One. Thunder Energies, as part of its overall monetization of the property, anticipates master planning and then developing the surface of the property in addition to the mineral extraction.

For more information about Thunder Energies, its SEC filings, and business activities, please visit:

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.

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