PRESS RELEASE

Business Wire - International Thunderbird Gaming Corporation is pleased to announce that it has sold its Internet gaming division.

Thunderbird was approached by the purchaser which is currently involved in the operations of two Internet gaming sites called Blackjack.com and Bingohour.com. The sale will result in a gain of approximately US$175,000 to the Corporation, which will be recorded in the second quarter.

The agreement of sale is subject to final closing documentation, but should be completed within days. The sale of the division permits Thunderbird to focus on our rapidly growing and profitable core activity of casino and gaming facility development and management.

Thunderbird is also pleased to announce that all shareholder proposals have been approved by shareholders at its Annual General Meeting held in San Diego yesterday by substantial majorities. Mr. Jorge Montano, former Mexican ambassador to the United States, and Mr. Dave Michelson, Thunderbird's Chief Financial Officer have joined Mr. Jack Mitchell, Mr. Albert Atallah and Mr. Alex Winch as directors of the corporation.

International Thunderbird Gaming Corporation is an owner and manager of international gaming facilities. Additional information about the Company is available on its web site at ThunderbirdGaming.com.

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