Thunderbird Energy Corp.
TSX VENTURE : TBD
FRANKFURT : M2Y

Thunderbird Energy Corp.

December 23, 2010 15:26 ET

Thunderbird Completes $7.5 Million Gas Linked Debenture Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 23, 2010) -

THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

Thunderbird Energy Corp. (TSX VENTURE:TBD) (the "Company") today announced that effective December 22, 2010, the previously announced $7.5 million 3 year, secured, natural gas linked debenture (the "Gas Linked Debentures") offering has been fully subscribed. Purchasers who participated in the final closing of the Gas Linked Debentures were issued transferable warrants (the "Debenture Warrants") to purchase up to 315,000 common shares of the Company at escalating prices between $0.30 and $0.50 per share until October 31, 2013. The Company also issued non-transferable Finder's Warrants to purchase up to 5,000 common shares of the Company at a price of $0.20 per share until October 31, 2013. All securities issued pursuant to the final closing are subject to hold periods in Canada expiring April 23, 2011. 

Thunderbird Energy is a Canadian based oil and gas exploration and production Company with interests in the US Rockies and mid-continent regions. Thunderbird's holdings include the Gordon Creek, Utah natural gas field, the Rush County, Kansas light oil project and a light oil exploration project in Weston County Wyoming.

Caution Regarding Forward- looking information

Certain information in this news release constitutes forward-looking information. Statements containing forward-looking information express, as at the date of this news release, the Company's plans, expectations, or beliefs as to future events or results are believed to be reasonable based on the information currently available to the Company. The Company does not undertake to update any such forward-looking statements, except as required by applicable securities laws.

Statements including forward-looking information involve known and unknown risks, uncertainties and other factors which may cause the actual results of the Company and its operations to be materially different from the estimated costs or results expressed or implied by such forward-looking statementsReaders should not place undue reliance on forward-looking information. 

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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