Carbon Storage Project at Thunderbird Energy's Gordon Creek Natural Gas Field Moving Forward with Field Operations

Thunderbird Energy Corp. (TSX VENTURE:TBD)(FRANKFURT:M2Y) ("Thunderbird" or the
"Company") today announced the Southwest Regional Partnership on Carbon
Sequestration's (SWP) Carbon Capture and Storage (CCS) deployment phase (Phase
III) to be sited at Thunderbird's Gordon Creek natural gas project located in
Carbon County, Utah, is moving forward with field operations. The project is
supported and managed by the National Energy Technology Laboratory (NETL) of the
US Department of Energy (DOE). Thunderbird's wholly-owned subsidiary Gordon
Creek, LLC is a sub-recipient of the NETL financial award and will act as the
project field operator. This Phase III project is intended to demonstrate proof
of concept technologies for the potential commercialization of carbon dioxide
storage. A key project objective will be the storage of up to 1 million tons of
CO2 per year at Gordon Creek. 


The Phase III project budget is roughly $90 million, of which up to $67 million
has been committed by the US Department of Energy (DOE) through the NETL - the
balance to be provided by the participating organizations. The project is a
multi-faceted effort by a number of entities. The lead Organization is the New
Mexico Institute of Mining and Technology, with project manager Dr. Robert Lee.
Dr. Lee is the director of the Petroleum Recovery Research Center, a research
division of NMT. Dr. Reid Grigg of the PRRC and Dr. Brian McPherson of the
University of Utah/NMT are Co-Principal Investigators. Other organizations
involved in this far-reaching proof of concept research project are NETL, Los
Alamos National Laboratory, Sandia National Laboratories, USTAR, Utah Geological
Society, and the University of Missouri.


It is currently estimated that roughly $29 million of the overall project budget
will be specifically allocated to Gordon Creek site operations, of which $23
million will be funded by the DOE. The initial phase of field operations will
include an extensive 3D seismic shoot and the drilling of up to two deep (12,000
foot) CO2 source wells. The purpose of this phase to establish the potential
size of the known CO2 resource at Gordon Creek and thereby secure a long-term
supply of CO2, that will be sufficient to satisfy the Phase III requirements and
beyond. The field program at Gordon Creek will also include drilling and/or
re-completing monitoring wells, upgrading Thunderbird's existing injection
facility, constructing roads, pipelines and surface facilities, as well as
ongoing supervisory and monitoring operations. Operations are expected to
commence immediately following the completion of required permitting.


"We are very pleased to be participating in this important commercial scale
project with the Department of Energy and some of the leading North American CCS
experts" stated Cameron White, CEO of Thunderbird. "The technical expertise and
capital that will be employed at Gordon Creek will have substantial short,
medium and long term benefits to Thunderbird".


Thunderbird Energy is an oil and gas exploration and production Company with
interests in the US Rockies and mid-continent regions. Thunderbird's holdings
include a light oil project targeting Niobrara oil in Eastern Wyoming, as well
as the Gordon Creek, Utah natural gas field located in Carbon County, Utah. In
addition to the DOE funding agreement announced today, Thunderbird also recently
announced a $25 million natural gas development financing agreement for Gordon
Creek with Sandstorm Metals & Energy Ltd.


Caution Regarding Forward-looking information

Information in this news release respecting the expected implementation of the
SWP CO2 project, the Sandstorm development financing agreement and its planned
operations and expenditures, 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.