Thunderbird Postpones Special Meeting of Shareholders to January 22, 2026

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VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec 30, 2025--

Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF) (“Thunderbird” or the “Company”) announces that its special meeting (the “Meeting”) of holders (the “Shareholders”) of common shares of Thunderbird (the “Shares”) to vote on the proposed plan of arrangement (the “Arrangement”) involving Blue Ant Media Corporation (TSX: BAMI) (“Blue Ant”), has been postponed (the “Postponement”) to January 22, 2026 at 9:00 a.m. (Vancouver time) at https://meetings.lumiconnect.com/400-349-386-371. The password for the live audio webcast is “thunderbirdSGM2026”, case-sensitive.

The Meeting has been postponed to allow additional time to complete the mailing of the Company’s management information circular dated December 11, 2025 (the “Circular”) and related materials for the Meeting (collectively, the “Meeting Materials”) to registered Shareholders. Due to an administrative oversight by the Company’s transfer agent, the Circular was not mailed to all registered Shareholders on the scheduled mailing date of December 22, 2025. The oversight was identified on December 29, 2025, and the transfer agent immediately commenced remedial work to complete the mailing. The Circular will now be mailed to registered Shareholders tomorrow. The transfer agent has apologized to the Company and wishes to apologize to the impacted Shareholders.

Upon becoming aware of the issue, and given the proximity of the originally scheduled Meeting date, the Company determined that postponing the Meeting was necessary to ensure compliance with its legal obligations to provide notice to registered Shareholders. The new Meeting date of January 22, 2026, is the earliest date that the Company can reschedule the Meeting.

Notwithstanding the Postponement, the record date for determining Shareholders entitled to vote at the Meeting, being January 12, 2026, shall remain unchanged. The deadline for submitting proxies has been extended to 9:00 a.m. (Vancouver time) on January 20, 2026, and letters of transmittal and election forms (each, a “Letter of Transmittal and Election Form”) must now be received by 4:00 p.m. (Vancouver time) on January 19, 2026. Any proxies and Letters of Transmittal and Election Forms previously submitted remain valid.

In addition to obtaining approval of the Arrangement at the Meeting, the completion of the Arrangement will be subject to obtaining the final order (the “Final Order”) of the Supreme Court of British Columbia (the “Court”) for the Arrangement, obtaining applicable regulatory approvals, as well as other customary closing conditions. In connection with the Postponement, the Company is seeking an order from the Court to postpone the hearing date for the Final Order, which was originally scheduled for January 14, 2026, to January 26, 2026.

The Company expects to complete the Arrangement promptly following receipt of the Final Order, subject to the satisfaction or waiver of the other conditions to the Arrangement.

Except as expressly noted herein, all information and other matters discussed and disclosed in the Circular remain unchanged and unaffected by the Postponement. No additional Meeting Materials will be mailed to Shareholders. Shareholders are encouraged to read the Circular in its entirety and vote their Shares as soon as possible ahead of the proxy voting deadline.

Shareholder Questions and Assistance

Thunderbird has retained Sodali & Co as its proxy solicitation agent. If you have any questions or need assistance voting, contact Sodali & Co by:

• Toll free phone call in North America to 1-833-711-5127
• 1-289-695-3075 for banks, brokers, and callers outside North America
• Email at [email protected]

About Thunderbird Entertainment Group Inc.

Thunderbird Entertainment Group Inc. is a global award-winning, full-service multiplatform production, distribution and rights management company, headquartered in Vancouver, with a team in Los Angeles. Thunderbird creates award-winning scripted, unscripted, and animated programming for the world’s leading digital platforms, as well as Canadian and international broadcasters. Thunderbird develops, produces, and distributes animated, factual and scripted content through its various content arms, including Thunderbird Kids and Family (Atomic Cartoons), Thunderbird Unscripted (Great Pacific Media), and Thunderbird Scripted. Productions under the Thunderbird umbrella include Mermicorno: Starfall, Super Team Canada, Molly of Denali, Highway Thru Hell, Kim’s Convenience, Boot Camp and Sidelined: The QB and Me. Thunderbird Distribution and Thunderbird Brands manage global media and consumer products rights, respectively, for the Company and select third parties. Thunderbird is on Facebook, X, and Instagram at @tbirdent. For more information, visit: www.thunderbird.tv.

Cautionary Note and Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws in Canada. Forward-looking information may relate to Thunderbird’s future business, financial outlook and anticipated events or results and may include information regarding its financial position, business strategy, growth strategies, addressable markets, market share, budgets, operations, financial results, taxes, operating environment, business plans and objectives. Particularly, information regarding Thunderbird’s expectations of future results, performance, growth, achievements, prospects or opportunities or the markets in which they operate is forward-looking information. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “budget”, “estimates”, “outlook”, “financial outlook”, “forecasts”, “projection”, “prospects”, “strategy”, “intends”, “anticipates”, “does not anticipate”, “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will”, “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding possible future events or circumstances, and are therefore subject to a variety of risks and uncertainties that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Forward-looking information may include, among other things, the proposed acquisition of Thunderbird by Blue Ant and terms thereof; the anticipated timing of the Meeting and the Postponement; the anticipated timing of the hearing for the Final Order; and the anticipated completion of the Arrangement, including receipt of shareholder, court and regulatory approval, satisfaction of closing conditions and timing of completion; and other statements that are not historical fact. Although Thunderbird believes that the expectations reflected in such forward-looking information and statements are reasonable, such information and statements involve risks and uncertainties, and undue reliance should not be placed on such information and statements. Material factors or assumptions that were applied in formulating the forward-looking information contained herein include, without limitation, the expectations and beliefs of Thunderbird, and its management and board of directors, as of the date hereof, the Arrangement will be completed on terms and timing currently contemplated, all conditions to the completion of the Arrangement will be satisfied or waived, assumptions and expectations related to the premiums to the trading price of the Shares, the Court will issue an order confirming the date of the hearing for the Final Order and the Arrangement Agreement dated as of November 25, 2025 between Thunderbird and Blue Ant (the “Arrangement Agreement”) will not be terminated prior to the completion of the Arrangement. Thunderbird cautions that the foregoing list of material factors and assumptions is not exhaustive. Many of these assumptions are based on factors and events that are not within the control of Thunderbird, and there is no assurance that they will prove correct. Forward‐looking statements also involve significant known and unknown risks and uncertainties. Many factors could cause actual results, performance or achievement to be materially different from any future forward‐looking statements. Factors that may cause such differences include, but are not limited to, changes to general economic, market and business conditions; Thunderbird’s future financial and operating performance; the ability of Thunderbird to complete the Arrangement; Thunderbird’s ability to provide a return on investment; Thunderbird’s ability to maintain a strong financial position and manage costs; the ability of Thunderbird to maximize the utilization of its existing assets and investments; and that the completion of the Arrangement is subject to the satisfaction or waiver of a number of conditions as set forth in the Arrangement Agreement. There can be no assurance as to when these conditions will be satisfied or waived, if at all, or that other events will not intervene to delay or result in the failure to complete the Arrangement. There is a risk that some or all the expected benefits of the Arrangement may fail to materialize or may not occur within the time periods anticipated by Thunderbird. Material risks that could cause actual results to differ from forward‐looking statements also include the inherent uncertainty associated with the financial and other projections; the prompt and effective integration of the combined company; the ability to achieve the anticipated synergies and value creation contemplated by the Arrangement; the risk associated with Thunderbird’s ability to obtain the approvals required to consummate the Arrangement and the timing of the closing of the Arrangement, including the risk that the conditions to the Arrangement are not satisfied on a timely basis or at all; the risk that a consent or authorization that may be required for the Arrangement is not obtained or is obtained subject to conditions that are not anticipated; the outcome of any legal proceedings that may be instituted against the parties and others related to the Arrangement Agreement; unanticipated difficulties or expenditures relating to the Arrangement, the response of business partners and retention as a result of the announcement and pendency of the Arrangement; risks relating to the value of Blue Ant subordinate voting shares to be issued in connection with the Arrangement; the impact of competitive responses to the announcement of the Arrangement; and the diversion of management time on transaction‐related issues. Consequently, there can be no assurance that the actual results or developments anticipated by Thunderbird (including the Arrangement and impact or benefits related thereto) will be realized or, even if substantially realized, that they will have the expected consequences for, or effects on Thunderbird, its respective shareholders, or the future results and performance of Thunderbird. For additional information with respect to these and other factors and assumptions underlying the forward-looking statements made in this news release, see Thunderbird’s financial statements for the quarter ended September 30, 2025 and related MD&A and the Circular, each available on SEDAR+ ( www.sedarplus.ca ) under Thunderbird’s issuer profile. Readers, therefore, should not place undue reliance on any such forward-looking statements. The forward-looking information and statements in this news release are based on beliefs and opinions of Thunderbird at the time the statements are made, and there should be no expectation that these forward looking statements will be updated or supplemented as a result of new information, estimates or opinions, future events or results or otherwise, and Thunderbird disavows and disclaims any obligation to do so except as required by applicable law. Nothing contained herein shall be deemed to be a forecast, projection or estimate of the future financial performance of Thunderbird.

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CONTACT: Media Contact

Thunderbird Entertainment, Corporate Communications

Julia Smith, Finch Media

Email:[email protected]

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: FILM & MOTION PICTURES ONLINE GENERAL ENTERTAINMENT ENTERTAINMENT TV AND RADIO

SOURCE: Thunderbird Entertainment Group Inc.

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PUB: 12/30/2025 05:27 PM/DISC: 12/30/2025 05:27 PM

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