Thunderbird Energy Corp. (TSX VENTURE:TBD)(PINKSHEETS:TBDYF) (the "Company")
today announced a number of corporate updates. 


Gordon Creek Operations

The eight newly drilled wells that were completed at the Company's Gordon Creek
natural gas field located in Carbon County, Utah are continuing to de-water. All
of the eight wells were drilled in the North-west corner of the Company's Gordon
Creek acreage. It appears that the thicker than expected sandstone pay zones and
higher than expected porosities encountered in this area of the project are
contributing to higher than expected initial water inflows, leading to longer
than expected de-watering periods. The Company's original expectation for these
eight new wells - based on the analog wells producing at the adjacent Drunkard's
Wash field - was a first year average initial production rate of 460 Mcf/day per
well, with ultimately recoverable reserves of 2.0 Bcf over the life of the well.
The Company remains optimistic that the new wells will, on average, ultimately
meet or exceed these expectations, but it will be some time before sufficient
de-watering has occurred in order to make that assessment. The Gordon Creek
wells have all been equipped with long terms pumps capable of pumping between
300-500 barrels of water per day, which should provide sufficient capacity once
the initial de-watering phase has been completed. However, these pumping rates
have not been sufficient to reduce the water levels in the well bores that
result from the early stage inflows. The hydrostatic pressure associated with
these high water levels would appear to be impeding gas production. Gas
production from seven of the eight wells has ranged from 1.0-2.0 Mcf/day to
15-20 Mcf/day. The Company is currently sourcing alternative high capacity water
pumping systems that could be temporarily installed on certain wells in order to
accelerate the initial de-watering process. 


One of the eight new wells (NE5-14-8) contributed the bulk of the new production
announced in December 2012, producing up to 4.0 Mmcf/day prior to significant
initial water inflows and without installing production tubing and pumping
equipment. Production rates declined over the ensuing three to four months to
roughly 1.0 Mmcf/day and workover operations were conducted in March-April this
year in order to clean out residual frac sands and coal fines, to remove bridge
plugs that were placed in the well during the fracture stimulation operations
and to equip the well with production tubing and a water pump. Following removal
of the bridge plugs, water inflows from lower zones substantially curtailed
production from the well, so the decision was made to re-install the plugs in
order to isolate production from the upper zone only. Gas production from this
well continues a steady incline and has averaged approximately 600-700 Mcf/day
over the last couple of weeks. The Company continues to closely monitor
production from this well in order determine if alternative completion protocols
could be adopted in other wells with these reservoir characteristics in order to
maximize early stage productivity.


Reference is made to the most recent presentation on the Company's web site
www.thunderbirdenergy.com, that contains slides depicting the production
histories of early stage "low gas - high water" rate wells at the neighboring
Drunkard's Wash field. 


Cumulative gas production from the four "legacy" Gordon Creek wells that were
drilled in 2002 has remained relatively steady at roughly 1.1 Mmcf/day. 


GLJ Petroleum Consultants are currently finalizing the 2013 evaluation of the
Company's Gordon Creek natural gas reserves in accordance with National
Instrument (NI) 51-101. This will be completed prior to the end of May, at which
time the appropriate filings will be made on SEDAR.


Annual General Meeting

The Company's 2013 annual general and special meeting ("AGM") has been scheduled
for June 12, 2013 in Vancouver. At that meeting, the shareholders will be asked
to consider a resolution whereby the Company's issued and outstanding shares
will be consolidated on the basis of fifteen (15) pre-consolidation common
shares for each one (1) post-consolidation common share (the "Consolidation").
The Board believes that it is necessary to reduce the number of common shares
outstanding so as to enhance the liquidity of the shares as well as the
marketability for the shares in the institutional investment community in order
to secure additional financing. Additional financing will be required before the
Company can pursue further completion and drilling operations at Gordon Creek.
The Consolidation is also intended to assist the Company's efforts to pursue a
dual listing of the Company's shares on a U.S. stock exchange, although no
assurances can be given that the Company will be successful in achieving a
listing of its securities on a U.S. exchange.


If approved, the Consolidation would reduce the Company's 106,645,576 issued and
outstanding Common Shares to approximately 7,109,705 Common Shares. The exercise
price of outstanding stock options and warrants would be proportionately
adjusted based upon the consolidation ratio. The proposed Consolidation is
subject to the approval of the TSX Venture Exchange and the Company's
shareholders.


In conjunction with the Consolidation, shareholders will also be asked to
approve a change of the Company's name (the "Name Change") to "Gordon Creek
Energy Inc." or such other name as may be approved by the directors of the
Company, the TSX Venture Exchange and the Director under the Canada Business
Corporations Act. The Board feels that the proposed new name will more
accurately depict the Company's focus on the North American energy sector and in
particular, the Company's operations in the US Rockies.


At the AGM, shareholders will also be asked to confirm the adoption of an
advance notice by-law (the "By-Law) as approved by the Company's directors at a
meeting held May 10, 2013. Among other things, the By-Law includes a provision
that requires advance notice to the Company in circumstances where nominations
of persons for election to the Board of Directors are made by shareholders of
the Company other than pursuant to: (i) a requisition of a meeting made pursuant
to the provisions of the Canada Business Corporations Act (the "Act"); or (ii) a
shareholder proposal made pursuant to the provisions of the Act. The Bylaw fixes
a deadline by which holders of record of common shares of the Company must
submit director nominations to the Company prior to any annual or special
meeting of shareholders and sets forth the information that a shareholder must
include in the notice to the Company. The Bylaw is effective as of the date it
was adopted until the next ensuing meeting of shareholders of the Company and,
thereafter, if the Bylaw is confirmed by the shareholders at such meeting. 


Full details regarding the proposed Consolidation, Name Change and the adoption
of the By-Law are included in the management proxy circular prepared in
connection with the AGM that will be mailed on May 16, 2013 to all shareholders
of record as of May 8, 2013, and will be posted on SEDAR at www.sedar.com. The
full text of the By-law will also available on SEDAR at www.sedar.com, or upon
request by contacting the Company at 604-707-0373 or by e-mail at
info@thunderbirdenergy.com.


Thunderbird Energy is a Canadian-based oil and gas exploration and production
Company with interests in the US Rockies and mid-continent regions.


Caution Regarding Forward- looking information

Information in this news release respecting anticipated petroleum and natural
gas production and reserves, as well as the Company's proposed development
operations and contractual commitments constitutes forward-looking information.
Information in the news release concerning the liquidity, marketability and
listing of the Company's share capital on North American stock exchanges also
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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Thunderbird Energy Corp.
Rick J. Ironside, P. Eng MBA
President and Chief Operating Officer
403-453-1608
rironside@thunderbirdenergy.com


Thunderbird Energy Corp.
Cam White
Chief Executive Officer
604-707-0373
cwhite@thunderbirdenergy.com
www.thunderbirdenergy.com