Thunderbird Energy Corp.
TSX VENTURE : TBD

Thunderbird Energy Corp.

December 15, 2010 19:47 ET

Thunderbird Energy Corp.: Convertible Debenture Amended Terms

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 15, 2010) - Thunderbird Energy Corp. (TSX VENTURE:TBD) (the "Company") today announced that the Company is proposing, subject to regulatory approval, to amend the terms of the up to $502,500 principal amount of two year 12% convertible debentures issued in December 2008 that remain outstanding. Pursuant to the amendment, the holders of the convertible debentures will be offered the opportunity to extend the term of their debentures for an additional six months during which time the conversion price will be reduced from $0.25 per share to $0.15 per share.

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 statements. Readers should not place undue reliance on forward-looking information.

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. 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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