Thunderbird Announces Two Agreements for US $40 Million Third Party Investment in Gordon Creek Property

Thunderbird Energy Corp. (TSX VENTURE:TBD) ("Thunderbird") today announced that
it has entered into two agreements with independent third parties to invest up
to Forty Million US Dollars (US $40,000,000) to further develop Thunderbird's
Gordon Creek natural gas property. Both agreements are at the initial
commitment, "Letter of Intent" stage and are subject to certain conditions
including further due diligence and the execution of more detailed contracts.
Thunderbird will manage all field operations to be conducted under both
agreements.


Pursuant to the first agreement a Houston Texas based private company (the
"Company") has agreed to invest up to Twenty Million (US$20,000,000) to fund a
mutually agreed development plan to earn up to 50% of the Thunderbird's interest
in its Gordon Creek property. The development plan contemplates the drilling and
equipping of up to twenty-five (25) new wells and the re-completion and
equipping of up to six (6) existing wellbores. The Company will earn an
immediate 50% working interest in the spacing unit of any newly drilled well or
re-completed wellbore and will earn a 50% working interest in the remaining
Gordon Creek lands and production on a pro-rata basis as the total commitment of
Twenty Million (US$20,000,000) is funded. Thunderbird will retain ownership of
its existing facilities and infrastructure and will charge mutually agreed fees
for gas gathering and compression and water treating and disposal.


Pursuant to the second agreement Thunderbird has committed to participate with a
group called the Southwest Regional Partnership ("SWP") in its Carbon
Sequestration Phase III: Deep Saline Sequestration Deployment Project to be
sited at Gordon Creek. This project which will be funded approximately 80% by
the US. Department of Energy requires a 20% contribution by the other
participants. Other participants include Thunderbird, The University of Utah
through the Utah Science Technology And Research initiative ("USTAR") and the
New Mexico Tech - Petroleum Recovery Research Center. The development plan and
budgets have not yet been finalized, but it is anticipated that the project will
represent an investment in excess of Twenty Million (US$20,000,000) in wells and
facilities to be situated at Gordon Creek. Current plans include re-completing
up to four (4) wells as dual producing- VSP seismic monitoring wells,
re-completion of the existing Gordon Creek injection well to allow for improved
injectivity and the concurrent injection of produced water and CO2, plus the
drilling of three (3) new deep wells up to 3,650 meters (12,000 feet) for CO2
production and injection zone monitoring. In addition to the wells, new roads,
pipelines and electrical generation facilities will also be required.


The field test portion of the Carbon Sequestration Phase III project is
anticipated to have a duration of three to five years. At the conclusion of the
field test portion all of the facilities, including the injection and monitoring
wells will vest with Thunderbird and continue to be used for natural gas
production and water and CO2 disposal. Thunderbird anticipates that there will
be future opportunities to use the facilities for commercial CO2 sequestration
as Utah's coal fired power plants are forced to capture CO2 emissions.


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

Information in this news release respecting the reserves valuations, expected
production levels, prices and anticipated total oil and gas recoveries
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.


The Company's actual reserves and future production may be greater that or less
that the estimates provided. The estimated future net revenue from the
production of the Company's reserves does not represent the fair market value of
Thunderbird Energy's reserves.


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 estimated costs or
results expressed or implied by such forward-looking statements.


There can be no assurance that forward-looking statements will prove to be
accurate. Actual results and future events could differ materially from those
anticipated in such statements. Readers should not place undue reliance on
forward-looking information.
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