THUNDERBIRD RESORT : President Gifts Shares to Family Trust

PANAMA CITY, REPUBLIC OF PANAMA--(Marketwire - January 15, 2009) -
Thunderbird Resorts Inc. (CNSX: TBI.U)(FRANKFURT: 4TR)(EURONEXT:
TBIRD) today reported that Jack R. Mitchell, President and CEO,
transferred beneficial ownership of 268,484 common shares of the
Company owned by him (representing approximately 1% of the
outstanding common shares) on January 8, 2009 to a family trust. The
purpose of the transfer is for family estate planning. Following the
transfer, the family trust beneficially owns 868,484 common shares,
representing 4% of the outstanding common shares. As previously
reported, Mr. Mitchell had transferred 600,000 common shares owned by
him to the same trust in 2008.

Thunderbird Resorts is focused on being the most successful
recreational property developer and operator in each of our markets
by creating genuine value for the community, our employees and
shareholders. We achieve this mission by offering customers dynamic,
themed and integrated resort venues anchored by casinos. Additional
information about the company is available on its World Wide Web site
at www.thunderbirdresorts.com.

Cautionary Notice: This release contains certain forward-looking
statements within the meaning of the securities laws and regulations
of various international, federal, and state jurisdictions. All
statements, other than statements of historical fact, included
herein, including without limitation, statements regarding potential
revenue and future plans and objectives of the Company are
forward-looking statements that involve risk and uncertainties. There
can be no assurances that such statements will prove to be accurate
and actual results could differ materially from those anticipated in
such statements. Important factors that could cause actual results to
differ materially from the Company's forward-looking statements
include competitive pressures, unfavorable changes in regulatory
structures, and general risks associated with business, all of which
are disclosed under the heading "Risk Factors" and elsewhere in the
Company's documents filed from time-to-time with the CNSX and other
regulatory authorities.


Contacts:
Thunderbird Resorts Inc.
Kevin McDonald
Investor Relations
[phone]
Email: [e-mail]

Thunderbird Resorts Inc.
Michael G. Fox
Chief Financial Officer
Email: [e-mail]
Website: www.thunderbirdresorts.com


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