Thunderbird Energy Corp.: 15% Gas Linked Debenture Listing and New Issue

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Thunderbird Energy Corp. (TSX VENTURE:TBD) (FRANKFURT:M2Y) (the "Company") today
announced that its 15% Gas Linked Debentures (the "Debentures") have been listed
for trading on the TSX-V effective April 26, 2011 under the trading symbol
"TBD.DB". Up to $10 million principal amount of Debentures are authorized of
which $7.5 million were issued in 2010. The Company is currently conducting a
non-brokered financing of up to $2.5 million principal amount of additional
Debentures.


The Debentures are due October 31, 2013 and earn a base interest rate of 15% per
annum, with quarterly rate adjustments whereby the interest rate payable will be
increased by one percent (1%) for each $0.50 increase in the average price of
natural gas (Henry Hub) above $5.00, subject to a maximum of 25%. Interest will
be payable fifty percent (50%) in cash and fifty percent (50%) in common shares
of Thunderbird.


Purchasers of the Debentures will also receive three year warrants to purchase
additional common shares of Thunderbird on the basis of one warrant for every
$0.50 principal amount of Debentures purchased. The warrants will be exercisable
at a price of $0.30 in year one, $0.40 in year two and $0.50 in year three. 


Although the financing is non-brokered, Thunderbird will pay a commission to
agents that arrange for the sale of Debentures equal to 7.5% of the gross
proceeds raised. Agents will also receive warrants to purchase additional shares
of the Company at a price of $0.20 until October 31, 2013. The number of
warrants to be issued will be determined by dividing 10% of the proceeds raised
by $0.20. 


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

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. 


THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION
TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT
CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE
NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED,
OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED
STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.