Thunderbird Sells FiestaCasinos.com 
Shareholder Proposals Approved at Annual Meeting

San Diego, CA
July 13th, 2001
 

     International Thunderbird Gaming Corporation (TSE - INB) 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 World Wide Web site at www.thunderbirdgaming.com.

On behalf of the Board of Directors

Jack R. Mitchell
President and CEO
 

Cautionary Notice: This release contains certain forward-looking statements within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. 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 TSE and other regulatory authorities. m time-to-time with the TSE and other regulatory authorities.