Thunderbird Resorts Inc.: Annual Shareholder Meeting Results and Election of Officers

PANAMA, REPUBLIC OF PANAMA--(Marketwire - May 31, 2011) - Thunderbird Resorts Inc. (FRANKFURT:4TR)(EURONEXT:TBIRD) ("Thunderbird" or "Group") announces that on 25 May 2011, at the Group's Annual General and Special Meeting of shareholders held in San Jose, Costa Rica, Salomon Guggenheim, Douglas Vicari, Franz Winkler, Roberto de Ocampo, Jack R. Mitchell, and Albert W. Atallah, were elected as Directors for one year terms. Grant Thornton UK, LLP were appointed as auditors for the ensuing year. A resolution to ratify and approve all previous acts and deeds by the Directors since the last meeting of shareholders was approved.

Election of Officers: The Board of Directors appointed the following persons as officers of the Group for the ensuing year:

• Jack Mitchell, President and Chief Executive Officer
• Albert Atallah, General Counsel and Corporate Secretary
• Peter LeSar, Chief Financial Officer
• Tino Monaldo, Vice President - Corporate Development
• Raul Sueiro, Vice President - Operations
• Angel Sueiro, Vice President - Design and Construction

ABOUT THE COMPANY

We are an international provider of branded casino and hospitality services, focused on markets in Central America, South America, Southeast Asia, India and Eastern Europe. Our mission is to "create extraordinary experiences for our guests." Additional information about the Group is available on its World Wide Web site at www.thunderbirdresorts.com.

Cautionary Notice: This release contains certain forward-looking statements within the meaning of the securities laws and regulations of various international, federal, and state jurisdictions. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential revenue and future plans and objectives of the Group are forward-looking statements that involve risk and uncertainties. There can be no assurances that such statements will prove to be accurate and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Group's forward-looking statements include competitive pressures, unfavorable changes in regulatory structures, and general risks associated with business, all of which are disclosed under the heading "Risk Factors" and elsewhere in the Group's documents filed from time-to-time with the NYSE Euronext Amsterdam and other regulatory authorities.