Thunderbird Entertainment Welcomes David Lazzarato to Board of Directors

Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF) (“Thunderbird” or the “Company”) is pleased to announce the appointment of David Lazzarato to the Company’s Board of Directors (the “Board”) as the newest independent member, effective today. Mr. Lazzarato has a proven track record of success in leading growth, significant transformational changes and financial restructurings in the media, broadcast and telecommunications industries.

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Thunderbird Entertainment welcomes David Lazzarato to its Board of Directors (Photo: Business Wire)

The appointment of Mr. Lazzarato enhances Thunderbird’s financial and operational expertise as the Company continues to maintain its industry-leading position. He has also been appointed Chair of the Strategic Advisory Committee.

“We are very pleased to welcome David to our Board of Directors,” said Jennifer Twiner McCarron, CEO and Board Chair of Thunderbird. “His knowledge of the business of entertainment and content production, and his deep Director-level experience, focusing on strategy, governance and finance, makes him an incredible addition to our Board as we move forward at Thunderbird.”

Mr. Lazzarato currently serves on Dublin-based Flutter Entertainment’s Board and as Chair of its Risk and Sustainability Committee, and on Canopy Growth’s Board and as its Chair of the Audit Committee. He was previously Chair of the Boards of Hamilton Health Sciences and McMaster University, both in Hamilton. His impressive career also includes senior executive positions with Alliance Atlantis Communications, Allstream, Bell Canada and CAE. Mr. Lazzarato holds a B.Comm from McMaster University and an FCPA in Ontario. He has also earned his ICD.D designation from the Rotman School of Management.

“Thunderbird Entertainment is an outstanding Canadian-based production and distribution company that has deservedly received scores of accolades and awards for its content and approach to the business. I look forward to working with Jennifer, her team, and the Board as we continue to grow the Company and strive to maximize stakeholder value,” said Mr. Lazzarato.

Mr. Lazzarato joins current Board members Jennifer Twiner McCarron (Board Chair), Asha Daniere (Lead Director), Lisa Coulman, Taylor Henderson, Azim Jamal and Jérôme Levy.

The Board has authorized the grant of an aggregate of 40,000 stock options to David Lazzarato in accordance with the terms of the Company’s stock option plan. The options are exercisable at a price of $1.91 per share and have a seven-year term, subject to vesting provisions. In addition, the Company has granted an aggregate of 33,831 restricted share units (“RSUs”) to Mr. Lazzarato, under the terms of the Company’s equity incentive compensation plan. The RSUs will vest on the one-year anniversary of the date of the grant. Each vested RSU entitles the holder to receive one common share of the Company.