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Thunderbird Minerals Corp. Board/Management Information 2025

May 26, 2025

48450_rns_2025-05-26_295a2386-b2d2-4247-9328-3381e8d1d1c0.pdf

Board/Management Information

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FORM 51-102F3

MATERIAL CHANGE REPORT

Item 1. Name and Address of Company

Thunderbird Minerals Corp.
(the "Company")
2110 – 650 West Georgia Street
Vancouver, BC V6B 4N9

Item 2. Date of Material Change

May 16, 2025

Item 3. News Release

A news release was issued on May 16, 2025 and disseminated through Stockwatch.

Item 4. Summary of Material Change

James Atherton has been appointed to the Board of Directors of the Company. Mr. Atherton is a senior corporate finance lawyer and executive and a director of Marelli Trust Company Limited.

Kelly Abbott and Amar Purewal have resigned as directors of the Company.

Item 5.1 Full Description of Material Change

See Item 4 above.

Item 5.2 Disclosure for Restructuring Transactions

N/A

Item 6. Reliance on subsection 7.1(2) of National Instrument 51-102

N/A

Item 7. Omitted Information

N/A

Item 8. Executive Officer

Donna M. Moroney,
Corporate Secretary
604.831-9304

Item 9. Date of Report

May 26, 2025