Thunderbird Resorts Inc.

Costa Rica Operations Sold and January 2015 Revenue Report

Thunderbird Resorts Inc. / Thunderbird Resorts Inc.: Costa Rica Operations Sold and January 2015 Revenue Report . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

PANAMA, REPUBLIC OF PANAMA--(Marketwired - Feb 27, 2015) - Thunderbird Resorts Inc. ("Thunderbird" or "Group") (FRANKFURT:4TR)(EURONEXT:TBIRD) -

Costa Rica Operations Sold: Thunderbird is pleased to announce the sale of its entire economic interest and management rights in its seven casinos in Costa Rica to CIRSA International Gaming Corporation, S.A. ("CIRSA"). The enterprise valuation for the operations sold was $33.5 million and, after adjusting for cash, debt assumption / pay down, and other working capital adjustments, the net cash received for the Group's approximate 50% share was approximately $8.1 million. As part of the sale, Thunderbird entered into a 36-month non-compete agreement in Costa Rica.

The Group continues its efforts to sell its interest in both the Tres Rios and Escazu real estate properties, which are now debt free. A fuller description of these two properties is contained in previous press releases as well as in our annual reports and interim management statements.

We thank the many dedicated employees and associates who helped Thunderbird grow in Costa Rica. We wish them great success in the future.

January 2015 Revenue Report: Thunderbird reports the following revenues for January 2015. For a more detailed analysis, please visit www.thunderbirdresorts.com and click on "January 2015 Revenue Report - Analysis" located on the home page under "News and Releases."

Group revenue on an as reported basis for January 2015 vs. January 2014.

Group-wide sales by country - as reported (unaudited, in millions)(1)	January 2015	January 2014		Year-over-year increase/(decrease)
Peru(2)	$2.61	$2.55		2.35	%
Costa Rica(3)	1.13	1.13		0.00	%
Nicaragua	1.06	1.21		-12.40	%
Total Consolidated Operating Revenues	$4.80	$4.89		-1.84	%

Group revenue on a currency neutral basis for December 2014 vs. December 2013. In this analysis, we apply the average exchange rate for December 2014 to the 2013 revenues in order to compare the two periods as if there was no impact from foreign exchange whatsoever.