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VANCOUVER, British Columbia–(BUSINESS WIRE)–Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF) (Thunderbird or the Company), today announced that shareholders overwhelmingly approved all matters considered at the Company’s Annual General Meeting (“AGM”) held December 8, 2020. Details of the voting results are provided in this release.

Voting Results

Full details of the following matters that were voted on at the AGM of Company shareholders, held on December 8 2020, are set out in the Company’s management information circular dated October 31, 2020 (the “Information Circular”), which is available on SEDAR at www.sedar.com.

1. Election of Directors

The following persons were elected to serve as directors of the Company, with the outcome of votes being as follows:

Nominee

% of Votes

For

% of Votes

Withheld

Timothy Gamble

98.1%

1.9%

Frank Giustra

99.9%

0.1%

Frank Holmes

99.9%

0.1%

Azim Jamal

99.9%

0.1%

Jennifer Twiner McCarron

99.8%

0.2%

Brian Paes-Braga

98.1%

1.9%

Paul Sparkes

99.9%

0.1%

Marni Wieshofer

99.9%

0.1%

2. Appointment of Auditor

PricewaterhouseCoopers LLP was re-appointed as the auditor of the Company for the ensuing year and the Directors were authorized to fix their remuneration.

% of Votes

For

% of Votes

Withheld

100%

0%

3. Annual Re-Approval of Stock Option Plan

The Company’s incentive stock option plan was approved.

% of Votes

For

% of Votes

Against

99.9%

0.1%

Leadership Transition

Mark Miller, who joined the Board in 2015, has decided to step down as Director to focus on production. Mr. Miller is also stepping down as President of Thunderbird and CEO of Great Pacific Media (GPM). Mr. Miller is taking on a new role within GPM as Executive Producer, which allows him to focus on creative work. He remains a senior member of the creative team, which is responsible for numerous international hit television series including Highway Thru Hell. Mr. Miller will also work with the development team to create new hits.

“It has been an incredible adventure growing Great Pacific, and joining the Thunderbird Family. This decision allows me to put 100% of my time into creating content that will strengthen Thunderbird as a global IP leader,” said Mr. Miller.

“Mark has been an integral part of the Thunderbird story, and we support his decision to follow his passions by turning incredible stories into premium content that global audiences can enjoy,” said Jennifer Twiner McCarron, CEO, Thunderbird. “Mark is recognized throughout the industry as a talented showrunner and top producer, and we look forward to him building on GPM’s already impressive slate with more great shows.”

The Company would like to thank Mr. Miller for his many contributions as a board member, a part of the senior management team, and for his nimble leadership at the onset and throughout the global pandemic.

Ms. Jennifer Twiner McCarron has been appointed as President of Thunderbird in addition to her role as company CEO. David Way will continue as the President of GPM with the role of CEO for the Factual Division being eliminated.

Grant of Stock Options

Following the AGM, the Board of Directors authorized the grant of an aggregate of 360,000 incentive stock options in accordance with the terms of the Company’s stock option plan to employees at the management level. The options are exercisable at a price of $3.00 per share and have a seven year term, subject to vesting provisions.

For 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, Toronto, 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. Thunderbird’s vision is to produce high quality, socially responsible content that makes the world a better place. The Company develops, produces, and distributes animated, factual, and scripted content through its various divisions, including Thunderbird kids and family (Atomic Cartoons), Thunderbird factual (Great Pacific Media) and Thunderbird productions. 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

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company’s objectives, goals or future plans and the business and operations of the Company. 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; those additional risks set out in the Company’s Filing Statement and other public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Contacts

Investor Relations:
Glen Akselrod, Bristol Capital

Phone: + 1 905.326.1888 ext 1

Email: [email protected]

Media Relations:
Julia Smith, Finch Media

Phone: +1604.803.0897

Email: [email protected]

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