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	Name:	Thunder Sword Resources Inc.
	Land / Branche:	Kanada / Rohstoffe
	WKN / ISIN:	875851 / CA8859101096
	Aktueller Kurs:	0,34 EUR (Frankfurt)
	Kursziel:	1,10 EUR in den nächsten Wochen - 2,00 EUR auf Jahressicht
	#006400" valign="top" align="right">D-I-R Beurteilung:	#006400">++ / Kaufen • Weltweit stark steigender Uranbedarf • Thunder Sword hat bedeutende neue Uranvorkommen in Kanada entdeckt

Thunder Sword to increase ownership in Athabasca claims

Thunder Sword Resources Inc (C:THU)
Shares Issued 16,760,912
Last Close 9/25/2007 $0.45
Wednesday September 26 2007 - News Release

Mr. Matt Goldstein reports

THUNDER SWORD RESOURCES INC. ANNOUNCES LETTERS OF INTENT TO INCREASE INTEREST AND FACILITATE CONSOLIDATION OF 74,000 HA OF ATHABASCA BASIN URANIUM PROPERTIES

Thunder Sword Resources Inc. has entered into letters of intent with Midwest Uranium Corporation and 101073531 Saskatchewan Co. (Saskco), whereby the company will increase its vested interest in 74,772 hectares of mineral claims in the Athabasca basin, in Saskatchewan, Canada, from approximately 22 per cent to 25 per cent.

The company will also facilitate consolidation of the claims by permitting Midwest to acquire up to a 75-per-cent working interest in 40,398 hectares of mineral claims, and up to a 49-per-cent working interest in the remaining 34,374 hectares of mineral claims. The interest to be acquired by Midwest in the latter 34,374-hectare claim block may be increased to a 75-per-cent interest subject to the performance of Tribune Resources Corp., which has an option to acquire a 51-per-cent in such claims upon its completion of a $3-million expenditure program by Oct. 1, 2008. In addition to acquiring a majority or controlling interesting the subject claims, it is intended that Midwest will assume from Saskco, the management and operation of the continuing exploration programs on the mineral claims, including the planned 4,000-metre phase 1 drilling on the area known as the Botham Lake prospect, which is expected to begin in mid- to late October, 2007. Under the terms of the LOI, the vesting of the company's additional interest is conditional on the company relinquishing its option from Saskco to acquire a further 26-per-cent interest in the claims as provided for in the company's earlier option agreement with Saskco. The company has agreed to such relinquishment on the condition that Saskco agrees to sell and transfer to Midwest, both the 26-per-cent relinquished interest held by the company and the remaining 49-per-cent interest held by Saskco in such claims.

Following the completion of the purchase by Midwest, the company and Midwest have agreed to a reorganization that would consolidate the entire interest in the 74,772-hectare claim block held by Midwest and the company. Any such reorganization will require both shareholder and regulatory approvals and must be completed within 180 days form the date of the LOI. Upon the completion of the proposed transaction, it is intended that the shareholders of Thunder Sword will own 25 per cent and the shareholders of Midwest will own 75 per cent, of the issued and outstanding shares of the newly combined corporate entity.

During the term of the letter of intent, Midwest will assume the obligations of the company to pay the required expenditures under the option agreement granted to the company by Saskco.

In the event the amalgamation does not proceed within the proposed 180-day period, then the company will continue to retain the right to proceed with its earlier held option to acquire an additional 26-per-cent interest in such claims. In the event that the reorganization does not proceed within the required 180-day period, due to the non-approval of the transaction by Thunder Sword shareholders, then the company will be required to reimburse Midwest for any monies paid on its behalf under the option agreement. Otherwise, the company will not be required to reimburse Midwest for the funds expended, and the company will receive credit from Saskco. for the funds paid by Midwest. Subject to these credits and credits for money expended by Tribune, Thunder Sword will still be required to expend the balance of its existing obligation of $4-million in funds on such claims by Dec. 31, 2008, in order to acquire the additional 26-per-cent interest.

Midwest and Saskco have agreed to complete the final form of agreement as between them by Nov. 1, 2007, and thereafter proceed with Thunder Sword toward implementing the reorganization within a 180-day period from the date of the LOI.

The management of Thunder Sword is excited by this planned consolidation of interest in the subject properties, as it will allow the parties to undertake a more focused and expedited program of exploration and development on the group's key Athabasca basin uranium properties.

A complete "operational update" on the above-noted Athabasca basin uranium projects is expected shortly.

© 2007 Canjex Publishing Ltd.