Thunderstruck Resources Ltd. provided update on exploration activities at its 100%-owned Rama porphyry copper-gold project located on the island of Viti Levu, Fiji. The Rama project currently consists of four main targets areas - the Rama/Senikura, Gun, and Navua porphyry copper-gold targets and the Liwa epithermal gold(-copper) target - and lies approximately 30 km due west of Newmont Corporation's Namosi porphyry copper-gold development project. The Company's Rama copper-gold project was first discovered by Anglo Pacific ("Anglo") in the mid-1970s.

Initial work undertaken by Anglo led to the identification of a mineralized porphyry system at Rama and resulted in the drilling of four shallow (<250m in depth) holes within the project area. Anglo drill hole DDH-1, a vertical hole which targeted Anglo's interpreted centre to the Rama system, returned 244m @ 0.22% copper ("Cu") + 0.16 g/t gold (Au") (or 0.33% Cu equivalent, or "CuEq") from 6m downhole, ending within mineralization2,3. Subsequent to completing the discovery hole at Rama, Anglo decided to focus its efforts on the nearby Namosi copper-gold discovery (primarily due to its location and easier access) with no systematic exploration undertaken at Rama until Thunderstruck's maiden program in 2017. Thunderstruck has significantly enhanced the economic potential of the original Rama discovery by: i. Expanding the footprint of the original Rama discovery to approximately 2.5km x 2.5km (and including the discovery of a new gold-rich cap - Senikura - along the southern margin of the main Rama porphyry) ii.

The discovery of the new Gun porphyry copper zone, located some 3km east of Rama iii. The discovery of the Liwa epithermal/porphyry gold-copper system immediately to the southeast iv. The identification of a new copper target - Navua - to the South of Rama from stream sediment data Whilst these four target areas will form the immediate focus of the Company's near-term exploration activities, the Company has also significantly expanded its exploration land holdings at Rama through the application for additional concessions between Rama and the nearby Namosi project.

Through this consolidation Thunderstruck will become the premiere explorer operating within the Rama-Namosi copper-gold belt. The Namosi deposit has a reported Measured & Indicated Resource of 1,800 Mt @ 0.35% Cu + 0.11 g/t Au resource. The Company's immediate focus at Rama is on the prioritization of copper-gold targets for drill testing.

The 2024 field exploration program is expected to include additional geological mapping and sampling at Rama/Senikura, Gun, Liwa, and the newly defined copper-gold target area at Navua, all of which now have significantly improved ground access as a result of the construction of new logging roads. The ongoing field campaign will be complemented by either a ground or drone magnetic survey covering the priority targets. The planned field program for Rama is expected to be undertaken from June through October.

Core drilling on priority targets is expected to be undertaken upon conclusion of the field program. Drilling is currently expected to be focused on: i. deeper drilling (>500m) at the Anglo DDH1 drill location. The Company's geological interpretation is that DDH1 was of insufficient depth to intersect the postulated higher-grade, bornite-bearing core to the Rama porphyry system.

ii. maiden drilling at the adjacent Senikura (gold-copper) and Gun (copper-gold) targets. Additional drilling will be planned once results from the initial drill program have been received and interpreted.