Thunderbird Energy Corp.

Thunderbird Energy Corp.

December 27, 2006 14:20 ET

Thunderbird Completes Debenture Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 27, 2006) - Thunderbird Energy Corp. (TSX VENTURE:TBD) ("Thunderbird") announced today that the non-brokered private placement of two year convertible debentures announced on November 30, 2006 has closed. The offering was increased to $1,350,000 as a result of oversubscriptions. The principal amount of the debentures is convertible into common shares of the Thunderbird at a rate of $0.50 per share during the first year and $0.60 per share during the second year.

Participating agents have been paid cash commissions aggregating $45,000 and will be issued agents warrants exercisable to purchase an up to 60,000 shares at a price of $0.50 per share for one year. All securities, including any shares issued upon conversion of the debentures or exercise of the agents' warrants, are subject to a hold period expiring April 20, 2007.

Thunderbird Energy is a Canadian based oil and gas company that owns a 50% interest in the Gordon Creek producing natural gas field in the Carbon County, Utah and a 50% interest in a producing oil project that is presently being drilled in Rush County, Kansas. Thunderbird's other holdings include a New Brunswick oil and gas exploration project adjacent to the Stoney Creek field.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or the adequacy of this press release. We seek safe harbour.

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