Item 1.01. Entry into a Material Definitive Agreement

As previously disclosed, on December 30, 2022, Thunder Mountain Gold, Inc. by and through its subsidiaries Thunder Mountain Resources, Inc., a Nevada Corporation, and South Mountain Mines, Inc., an Idaho Corporation ("SMMI") (collectively the "Company", "THMG", or "We", "Our" or "Us") agreed to terminate an Option Agreement, (the "BeMetals Option Agreement") with BeMetals Corporation, a British Columbia corporation, and BeMetals USA Corporation, a Delaware corporation ("BeMetals BMET"). The BeMetals Option Agreement was originally signed on February 29, 2019.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

10.5 Option Termination News Release, dated December 30, 2022 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained

in Exhibit 101).

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