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2016-02-11

Thunderbird Resorts Inc.: January 2016 Revenue Report and Resignation of Directors

Thunderbird Resorts Inc. / Thunderbird Resorts Inc.: January 2016 Revenue
Report and Resignation ofDirectors . Processed and transmitted by NASDAQ OMX
Corporate Solutions.The issuer is solely responsible for the content of this
announcement.
PANAMA, REPUBLIC OF PANAMA--(Marketwired - Feb 11, 2016) - Thunderbird Resorts
Inc. ("Thunderbird" or "Group") (EURONEXT: TBIRD)(FRANKFURT: 4TR) reports the
following revenues for January 2016. For a more detailed analysis of January
2016 revenue, please visitwww.thunderbirdresorts.comand click on "January
2016 Revenue Report - Analysis" located on the home page under "News and
Releases."

Group revenue for January 2016 vs. January 2015.

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| Group-wide sales by country - (unaudited,in millions) January January Year-over-year |
|(1) |
| 2016 2015 increase/(decrease) |
| Peru(2) $2.11 $2.52 -16.27% |
| Nicaragua 1.24 1.06 16.98% |
| Total Consolidated Operating Revenues $3.35 $3.58 -6.42% |
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(1) Revenues reported are based on monthly average exchange rates, are same
store and are in USD millions.

(2) Revenues are generated primarily from gaming, and secondarily from our
fully-owned Fiesta Hotel and from 2 hotels under management.

Important Note on Forex: The strengthening of the US dollar versus our
operating currencies continues to have a material impact on our business as
compared to the same period in 2015. Under a currency neutral analysis (in
which the same exchange rate would be applied to both periods), Group revenue
would have grown by $140 thousand or 4.36%; Peru revenue would have reduced
by $90 thousand or -4.09%; and Nicaragua revenue would have grown by $230
thousand or 22.77%.

RESIGNATION OF DIRECTORS

The Company announces that Reto Stadelmann has resigned his position as a
board member effective February 15, 2016. Mr. Stadelmann will focus now on
his own personal and business related endeavors. The Company wishes Mr.
Stadelmann all the best and thanks him for the valuable contributions he has
made throughout his tenure as a member of the board by applying his knowledge
and experience to guide management's efforts and serve the best interests of
our shareholders. In order for the Company's board to continue maintaining
independence, the Company has accepted Albert W. Atallah's resignation as a
director effective February 15, 2016. Mr. Atallah will remain as General
Counsel. The Company's three-member board will now consist of two independent
board members, Doug Vicari and George Gruenberg. Salomon Guggenheim will
continue his tenure as President, CEO and Chairman of the Board.

ABOUT THE COMPANY

We are an international provider of branded casino and hospitality services,
focused on markets in Latin America. Our mission is to "create extraordinary
experiences for our guests". Additional information about the Group is
available atwww.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
Group 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 Group'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 Group's documents filed from time-to-time with
the AFM and other regulatory authorities.

Amsterdam, The Netherlands - 19:20

Contacts:
Thunderbird Resorts Inc.
Peter LeSar
Chief Financial Officer
(507) 223-1234
plesar@thunderbirdresorts.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Thunderbird Resorts Inc. via Globenewswire

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