2012-10-10 20:03:14 -

Thunderbird Resorts Inc. /
Thunderbird Resorts Inc.: September 2012 Revenue Report; Appointment of New 
Director 
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PANAMA, REPUBLIC OF PANAMA--(Marketwire - October 10, 2012) - Thunderbird
Resorts Inc. ("Thunderbird" or "Group") (FRANKFURT: 4TR)(EURONEXT: TBIRD)
and
reports the following revenues for September 2012:

For a more detailed analysis of September 2012 revenue, please go to the
Company's web page at: www.thunderbirdresorts.com and click on "September 2012
Revenue Report - Analysis", which will be located on the home page under "News
and Press Releases".

+--------------------------------------+---------+---------+-------------------+
|Thunderbird Resorts Inc. - Group-wide |         |         |                     |
|sales results by country              |September|September|     Year-over-year|
|(unaudited, in millions)              |     2012|     2011|increase/(decrease)|
+--------------------------------------+---------+---------+-------------------+
|Philippines((1))                      |     3.75|     4.07|             -7.86%|
|                                      |         |         |                   |
|Peru((2))                             |     2.43|     2.32|              4.74%|
|                                      |         |         |                   |
|Costa Rica((3))                       |     1.18|     1.51|            -21.85%|
|                                      |         |         |                   |
|Nicaragua                             |     0.90|     0.98|             -8.16%|
+--------------------------------------+---------+---------+-------------------+
|Total Consolidated Revenues           |     8.26|     8.88|             -6.98%|
+--------------------------------------+---------+---------+-------------------+


(1) Philippines experienced a major typhoon in August 2012 that our markets are
still recovering from as many area residents are investing their time and
resources into home repairs. Also, one of the key roads to our Rizal property
remains closed as of this report, making it more difficult for a particular
market area to reach this property.

(2) 2012 revenues consist of: a) All gaming revenue; b) Revenue from our wholly
owned Fiesta Hotel; and c) Revenue from management fees for the Thunderbird
Hotel - Pardo, Thunderbird Hotel - Carrera and Thunderbird Hotel - El Pueblo;
2011 revenues consist of all of the above excluding management fees from the
Thunderbird Hotel - El Pueblo, which was owned by the Group rather than under
management at that time.

(3) A smoking ban in Costa Rica went into effect in early April 2012 that we
believe is impacting on revenue over the near term as the market adjusts to the
new restriction.

NEW BOARD MEMBER: The board of directors has appointed a new director, Marie
Madeleine Linter. Ms. Linter is a licensed attorney since 1982. In addition, she
received a Master of Comparative Law from the University of San Diego along with
a Master of Business Administration from the University of St. Gall in
Switzerland. Over the years Ms. Linter has been heavily engaged in corporate
development and strategic planning with several companies and has taken on the
role of an "engagement manager" for a health care company. Ms. Linter set up a
consulting firm to coach privatization projects, and has headed due diligence
teams on various projects. Since 2012 she has been on the board of LC Partners
AG in Switzerland. Her combined know-how of law and economy and the management
of international companies will certainly add value to the Company's business.

ABOUT THE COMPANY

Thunderbird Resorts owns and operates integrated resorts anchored by casinos and
standalone casinos in Asia and Latin America. Our mission is to "create
extraordinary experiences for our guests." Additional information about the
Group is available 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
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.



Contact Information

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







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