Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF) (“Thunderbird” or “Company”) today announced updates and promotions across its leadership and management teams.

Matthew Berkowitz is leaving his role as Company President and Chief Creative Officer (CCO), effective May 31, 2024, after accepting a new opportunity. Mr. Berkowitz's responsibilities for overseeing the development of new animated and scripted IPs will be split between Aaron Behl and Kristin Cummings, both SVP, Originals at Atomic Cartoons, and Hillary Zwick Turner, SVP of Scripted Content, Thunderbird. The three executives will now report into Jennifer Twiner McCarron, CEO, Atomic Cartoons/Thunderbird and Thunderbird Chair.

Thunderbird’s leadership team will now be composed of Ms. Twiner McCarron, CFO Simon Bodymore, and Richard Goldsmith, President of Global Distribution and Consumer Products. Lori Massini serves as the Company’s General Counsel.

“We wish Matthew the absolute best in his new endeavor and thank him for his creativity, vision, passion, and the key role he played in growing the Company to where we are today, including overseeing the launch of Atomic Originals, Thunderbird Scripted, Global Distribution & Consumer Products, and supporting the expansion of our production footprint," said Ms. Twiner McCarron. “We are so proud of Matthew and are looking forward to working together in new ways going forward.”

“I would like to thank Jennifer, our team, and all of the great colleagues and partners we’ve worked with over the past seven years,” said Mr. Berkowitz. “I am so proud of everything Atomic and Thunderbird have achieved. This is just the beginning for the Company, and with such an incredibly talented and accomplished leadership team in place, and so many excellent productions on the go, I cannot wait to see how it continues to flourish and thrive.”

Thunderbird is also happy to announce that David Way has been appointed to CEO of Great Pacific Media (GPM), which is the Company’s unscripted subsidiary. Lindsay Macadam has been promoted into the role of President at GPM.

“We are pleased to recognize both David and Lindsay for their solid leadership of GPM,” said Ms. Twiner McCarron. “Over the last four years GPM has reached new heights with the launch of seven new series and two podcasts across a variety of unscripted genres, and David and Lindsay are continuing to build on that.”

Ms. Twiner McCarron added, “Our people are the heart of Thunderbird, and our future remains incredibly bright with great visibility and productions booked into the coming years. We have a very solid foundation to support the Company’s growth and have the right leadership team in place for the next phase of Thunderbird’s evolution.”

For more information on Thunderbird and to subscribe to the Company’s investor list for news updates, go to www.thunderbird.tv.

ABOUT THUNDERBIRD ENTERTAINMENT GROUP

Thunderbird Entertainment Group is a global award-winning, full-service multiplatform production, distribution and rights management company, headquartered in Vancouver, with additional offices in Los Angeles and Ottawa. Thunderbird creates award-winning scripted, unscripted, and animated programming for the world’s leading digital platforms, as well as Canadian and international broadcasters. The Company develops, produces, and distributes animated, factual, and scripted content through its various content arms, including Thunderbird Kids and Family (Atomic Cartoons), Thunderbird Unscripted (Great Pacific Media) and Thunderbird Scripted. Productions under the Thunderbird umbrella include The Last Kids on Earth, Molly of Denali, Highway Thru Hell, Deadman’s Curse, Kim’s Convenience and Reginald the Vampire. Thunderbird Distribution and Thunderbird Brands manage global media and consumer products rights, respectively, for the Company and select third parties. Thunderbird is on Facebook, Twitter, and Instagram at @tbirdent. For more information, visit: www.thunderbird.tv.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility of the adequacy or accuracy of this release, which has been prepared by management.

Cautionary Statement Regarding Forward-Looking Information

Thunderbird’s public communications may include written or oral “forward-looking statements” and “forward-looking information” as defined under applicable Canadian securities legislation. All such statements may not be based on historical facts that relate to the Company’s current expectations and views of future events and are made pursuant to the “safe harbour” provisions of applicable securities laws.

Forward-looking statements or information may be identified by words such as “anticipate”, “continue”, “estimate”, “expect”, “forecast”, “may”, “will”, “plan”, “project”, “should”, “believe”, “intend”, or similar expressions concerning matters that are not historical facts. Forward-looking statements in this document include, but are not limited to, statements with respect to timing for changes to, and the composition of, the senior management team; and the Company continuing to flourish and the next phase of Thunderbird’s evolution. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; product capability and acceptance; international risk and currency exchange rates; and technology changes. An assessment of these risks that could cause actual results to materially differ from current expectations is contained in the “Risks and Uncertainty” section of June 30, 2023 MD&A. The foregoing is not an exhaustive list. Additional risks and uncertainties not presently known to Thunderbird or that management believes to be less significant may also adversely affect the Company.

The forward-looking statements or information contained in this document represent the Company’s views as of the date hereof and as such information should not be relied upon as representing the Company’s views as of any date subsequent to the date of this document. The Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements or information.

Media Relations: Lana Castleman, Director, Marketing & Communications Phone: 416-219-3769 Email: lcastleman@thunderbird.tv

Corporate Communications Julia Smith Finch Media Email: Julia@finchmedia.net

Investor Relations: Glen Akselrod, Bristol Capital Phone: + 1 905.326.1888 ext 1 Email: glen@bristolir.com

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