Thunderbird Resorts Inc.: March 2010 Revenue Report

PANAMA, REPUBLIC OF PANAMA--(Marketwire - April 8, 2010) - Thunderbird Resorts
Inc. ("Thunderbird" or "Group") (FRANKFURT: 4TR)(EURONEXT: TBIRD) reports the
following:
 
The Group reports the following revenues for March 2010:
 
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  Thunderbird Resorts Inc. - Group-wide
 
  sales results by country (unaudited)
 
  (in thousands)                                                March 2010
 
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  Panama                                                            $5,320
 
  Costa Rica (1)                                                     2,014
 
  Nicaragua                                                            971
 
  Guatemala                                                            294
 
  Philippines                                                        4,312
 
  Poland                                                               114
 
  Peru Gaming                                                        2,073
 
  Peru Hotel (2)                                                     1,251
 
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  Total Consolidated Revenues                                      $16,349
 
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1. During the third quarter of 2008, the Group acquired a controlling
   interest in the entity that holds the Fiesta Casino Holiday Inn Express
   (formerly Garden Court) operation, and as a result began consolidating
   that operation at 100 percent beginning 1 September 2008. The balance of
   the Costa Rican operation is a joint venture of the Group and its results
   of operations are proportionally consolidated into the Group's financial
   statements, therefore the table above represents the Group's 50 percent
   share in all the operations other than the Holiday Inn Express property
   which is reported at 100 percent. The Group owns controlling interest in
   all other countries and accordingly sales are reported at 100 percent.
   For details of Group ownership at the country level please refer to the
   Group's Annual Report 2008.
2. As previously reported on 24 February 2010, the Group closed on the sale
   of the Thunderbird Hotel Pardo for approximately $8.4 million;
   consequently, the March sales do not include the Hotel Pardo revenue.
 
ABOUT THE COMPANY
 
We are an international provider of branded casino and hospitality services,
focused on markets in Central and, South America, Southeast Asia and India. Our
mission is to "create extraordinary experiences for our guests". Additional
information about the Group is available on its World Wide Web site
atwww.thunderbirdresorts.com <http://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 NYSE Euronext Amsterdam and
other regulatory authorities.
 
Contacts:
Thunderbird Resorts Inc.
Kevin McDonald
Investor Relations
(858) 668-2503
kevin.mcdonald@thunderbirdresorts.com
 
Thunderbird Resorts Inc.
Michael G. Fox
Chief Financial Officer
mfox@thunderbirdresorts.com  /
info@thunderbirdresorts.com 
www.thunderbirdresorts.com <http://www.thunderbirdresorts.com/>
 
[HUG#1401634]