San Diego, CA
August 27th, 2001

    International Thunderbird Gaming Corporation announces the opening of a skill machine operation in Reynosa, Mexico on August 25, 2001 with 85 machines. 

    Thunderbird expects to increase the number of machines up to 125 by October 1st, 2001. Thunderbird owns a 40% interest in the Reynosa property. Reynosa is located near the U.S. Border City of McAllen, Texas. American citizens go to Reynosa for dining and shopping. The McAllen-Hidalgo-Reynosa area has established itself as a leading industrial border location. Operations such as General Electric, General Motors, TRW, Black & Decker, AT&T, Whirlpool and Converse Athletic Footwear, are among Fortune 500 companies that have discovered McAllen-Reynosa. The McAllen, Texas/Reynosa, Mexico region has a combined population of approximately 2.1 million. The Reynosa location joins Thunderbird’s Mexican locations in Matamoros and Nuevo Laredo, and is Thunderbird’s eleventh property.

    Thunderbird’s first Venezuelan operation, a casino in the Hotel InterContinental Guayana opened August 16th with 17 tables, representing 120 table gaming positions and 104 state of the art slot positions including a 12 position Sigma Derby and an 8 position Novamatic electronic roulette. Preliminary results are encouraging and the Company is pleased with the casino’s headcount and volume of play. 

    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.