The entertainment law expert moves up from SVP of Legal and Business Affairs role

Chief Operating Officer Sarah Nathanson has resigned from her position, effective April 9, 2024

Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF) (“Thunderbird” or “Company”) is pleased to announce the promotion of Lori Massini to the position of General Counsel for the Company. Ms. Massini moves up to the post from her previous role as Senior Vice President of Legal and Business Affairs in which she led production legal across all programming genres produced by the Company.

In her new role, Ms. Massini will work with the executive team to ensure that there is a high standard of legal compliance across the business and provide advice to business units across the company, while also continuing to oversee Thunderbird’s Legal and Business Affairs team. Ms. Massini has worked on structuring and financing international co-productions, co-ventures, Canadian content and service shows.

Ms. Massini joined Thunderbird in 2021 as Vice President of Legal and Business Affairs. Prior to that, she practiced entertainment law for more than 10 years, assisting numerous Canadian and American producers and studios with their legal and business affairs needs. Ms. Massini has acted as production counsel for original programming for networks such as Nickelodeon, Disney, the Food Network and Discovery. She has extensive experience negotiating contracts for actors, directors, producers and crew, managing employment and labour issues, advising on corporate legal matters and overseeing complex financing arrangements.

At the same time, Thunderbird General Counsel, Corporate Secretary and Chief Operating Officer Sarah Nathanson has announced her resignation from the roles, effective April 9, 2024. Ms. Nathanson joined Thunderbird in 2018 as VP of Legal and Business Affairs and was subsequently promoted to General Counsel and Corporate Secretary, and later appointed COO in 2021.

“Lori has proven to be an invaluable asset to our legal team during her time at Thunderbird. We are thrilled that Lori is stepping into this well-deserved key role, where she will employ her admirable legal judgment and acumen to help guide the Company in this wider capacity,” said CEO and Chair, Jennifer Twiner McCarron, adding, “We are very grateful to Sarah for her time at the company and the crucial role she has played in Thunderbird’s growth over the past five years.”

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, timing and the new duties related to the promotion of Ms. Massini to General Counsel of the Company; and timing of Ms. Nathanson’s resignation. 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.

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