Thunderbird Energy Corp.: Convertible Debenture Amended Terms

Thunderbird Energy Corp. (TSX VENTURE:TBD) (the "Company") today announced that
the Company is proposing, subject to regulatory approval, to amend the terms of
the up to $502,500 principal amount of two year 12% convertible debentures
issued in December 2008 that remain outstanding. Pursuant to the amendment, the
holders of the convertible debentures will be offered the opportunity to extend
the term of their debentures for an additional six months during which time the
conversion price will be reduced from $0.25 per share to $0.15 per share.


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

Certain information in this news release 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, except as required by applicable
securities laws.


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