U.S. Markets closed

Thunderbird Energy Operations Update

CALGARY, ALBERTA--(Marketwire - Oct. 28, 2011) - Thunderbird Energy Corp. (TSX VENTURE:TBD - News; FRANKFURT:M2Y - News; "Thunderbird" or the "Company") today announced that drilling and workover operations are underway at the Company's Gordon Creek natural gas field. This represents the commencement of a total program of 50 new wells and 5 workovers of existing wells to be carried out in 2011 and 2012. A substantial portion of the funding for these operations was provided through a $25 million commodity stream agreement with Sandstorm Metals & Energy announced July 13, 2011.Further to the Company's August 11, 2011 press release, the Southwest Regional Partnership on Carbon Sequestration's (SWP) Carbon Capture and Storage (CCS) deployment phase (Phase III) which is sited at Gordon Creek, is proceeding with a variety of design and permitting activities. The initial focus of the field activities will include an extensive 3D seismic shoot in order to gain further understanding of the structure that is believed to host the previously discovered CO2 at Gordon Creek and to optimize the location of the initial CO2 source well to be drilled in 2012. The project will also be re-working the existing injection well at Gordon Creek in order to conduct a high rate combine CO2-Water injectivity test.Thunderbird Energy is a Canadian-based oil and gas exploration and production Company with interests in the US Rockies and mid-continent regions.Caution Regarding Forward- looking informationInformation in this news release respecting anticipated natural gas development operations and the carbon sequestration project 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 unless required by applicable securities legislation.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.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.