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Thunder Mountain Gold Announces Assay Results on Sulfide Intercept at South Mountain

November 12, 2008

Thunder Mountain Gold, Inc. (OTCBB:THMG) today announced that Thunder Mountain Resources, Inc., a wholly-owned subsidiary (Company), received the assay results from the sulfide intercept encountered in their first core hole their South Mountain Mine exploration project located in Owyhee County, Idaho.

Mineralization was encountered at the target zone between 656 and 705 feet. A total of 73 feet of core, including the sulfide intercept, were detailed by 34 selected intervals. The HQ core was cut at the Company’s office in Boise, Idaho and delivered by Company personnel to ALS Chemex of Elko, Nevada. In addition to the sulfide intercept consisting of pyrrhotite, sphalerite, marmatite, arsenopyrite, and chalcopyrite, the carbonate and skarn zones that bounds or is internal to the mineralization was also cut and assayed.

The assay results showed two distinct zones of strong mineralization:

 Gold           Silver Interval       Fire Assay      Fire Assay     Zinc   Copper  Lead Weighted Average (ounce per ton) (ounce per ton)   (%)    (%)    (%) ---------------------------------------------------------------------- 657 - 669.5 (12.5 feet)         0.066           1.46        7.76   0.276  0.306 ---------------------------------------------------------------------- 687 - 704.5 (17.5 feet)         0.129           1.89        2.18   0.183  0.152 ---------------------------------------------------------------------- 

The drill hole encountered a 20 foot alteration halo of epidote and garnet skarn before and after the mineralized intercept. Hedenbergite and ilvaite skarn mineralization is common within the massive sulfide zone. Anomalous mineralization was present throughout the total intercept sampled.

The alteration and mineralization is similar in character to that mined on the Sonneman and Laxey underground levels. The target for the DEMA-2 drill hole was the down-rake extension of this mineralization approximately 280 to 300 feet below the DMEA 2 sulfide zone Sonneman level. A bulk sample from the Sonneman in the 1980s by South Mountain Mines, Inc. had values of 22.87% zinc, 0.50% copper, 0.47 lead, 0.12 ounce per ton (opt) gold and 3.3 opt silver. The DMEA 2 zone on the Sonneman Level was extensively drilled by South Mountain Mines and a zone of massive sulfide approximately 75 feet by 50 feet was defined.

Jim Collord, President of Thunder Mountain Gold, said of assay results, “We are very pleased with the assay result from our DMEA-2 drillhole. The gold values were particularly encouraging. Plus, given the fact that the drillhole targeted a distinct sulfide zone 300 feet down dip of the lowermost mineralization encountered in the underground workings, this intercept significantly increases the potential of our South Mountain Mine Project.”

About Thunder Mountain Gold, Inc.:

Thunder Mountain Gold is an exploration company focused on the generation of precious and base metal projects in the Western United States, Mexico, and Alaska. A 73-year old company, Thunder Mountain Gold performs its own natural resource exploration and generates value for shareholders by aggressively developing high-grade, high-quality precious and base metal resources in politically stable mining regions.

Forward-Looking Statements: Statements made which are not historical facts, such as anticipated production, exploration results, costs or sales performance are “forward-looking statements,” and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to, metals prices volatility, volatility of metals production, exploration project uncertainties, industrial minerals market conditions and project development risks. Refer to the Company’s Periodic Filings for a more detailed discussion of factors that may impact expected future results. Thunder Mountain Gold undertakes no obligation to publicly update or revise any forward-looking statements.

Cautionary Note to Investors – The United States Securities and Exchange Commission (“SEC”) permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce.




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