Thunderbird Energy Corp.

Thunderbird Energy Corp.

June 21, 2011 15:00 ET

Thunderbird Energy Announces Project Financing Negotiations

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 21, 2011) - Thunderbird Energy Corp. (TSX VENTURE:TBD) ("Thunderbird") today announced that it is in negotiations to conclude a project financing arrangement that will provide the necessary capital to develop the Company's Gordon Creek, Utah natural gas field over the next two years. Although these negotiations have not yet been concluded, Thunderbird has been provided with a US$2 million unsecured, interest-bearing loan which will be repayable upon completion of the project financing. In the event that the negotiations are not successfully concluded, the loan will be due in one year.

Thunderbird also announced that it has completed the issuance of an additional $342,000 principal amount of Gas Linked Debentures. The Debentures and the warrants and agents warrants issued in connection with the Debentures will have hold periods expiring over the period August 1, 2011 to October 18, 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

Information in this news release respecting the reserves valuations, expected production levels, prices and anticipated total oil and gas recoveries 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.

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 estimated costs or results expressed or implied by such forward-looking statements.

There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

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

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