Thunderbird Resorts Inc.: Follow Up to Beneficial Press Release of 5October 2009

PANAMA, REPUBLIC OF PANAMA -- (MARKET WIRE) -- 10/05/09 --
Thunderbird Resorts Inc. (FRANKFURT: 4TR)(EURONEXT: TBIRD) reports
the following: On 8 September 2009, Thunderbird Resorts Inc.
("Thunderbird" or "the Group") reported it received a copy of an
unsolicited letter ("the BHI Letter") from Beneficial Holdings, Inc.
("BHI") dated 1 September 2009. The BHI Letter purported to be an
offer to purchase a majority of Thunderbird's outstanding shares of
common stock.
 
Despite BHI stating in press releases dated 10 September 2009 and 16
September 2009 that it was "moving forward to begin discussions with
TBIRD" and that "it fully intends to engage TBIRD with an attempt at
mutually beneficial discussions", since the 8 September 2009 BHI
Letter, Thunderbird has not received any additional communication
from BHI and never received any information establishing either the
credibility of the offer or BHI's compliance with applicable laws.
 
On 5 October 2009, it was reported in a press release issued by BHI
that BHI was not going to submit a tender offer for Thunderbird
shares to the Netherlands Authority for the Financial Markets for
approval.
 
ABOUT THE COMPANY
 
We are an international provider of branded casino and hospitality
services, focused on markets in Central and South America, Southeast
Asia and India. Our mission is to "create extraordinary experiences
for our guests". Additional information about the Group is available
on its World Wide Web site at www.thunderbirdresorts.com.
 
Cautionary Notice: This release contains certain forward-looking
statements within the meaning of the securities laws and regulations
of various international, federal, and state jurisdictions. All
statements, other than statements of historical fact, included
herein, including without limitation, statements regarding potential
revenue and future plans and objectives of the Group are
forward-looking statements that involve risk and uncertainties. There
can be no assurances that such statements will prove to be accurate
and actual results could differ materially from those anticipated in
such statements. Important factors that could cause actual results to
differ materially from the Group's forward-looking statements include
competitive pressures, unfavorable changes in regulatory structures,
and general risks associated with business, all of which are
disclosed under the heading "Risk Factors" and elsewhere in the
Group's documents filed from time-to-time with the NYSE Euronext
Amsterdam and other regulatory authorities.
 
Contacts:
Thunderbird Resorts Inc.
Kevin McDonald
Investor Relations
(858) 668-2503
kevin.mcdonald@thunderbirdresorts.com
 
Thunderbird Resorts Inc.
Michael G. Fox
Chief Financial Officer
(507) 223-1234 (Panama)
mfox@thunderbirdresorts.com or info@thunderbirdresorts.com
www.thunderbirdresorts.com
 
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solely responsible for the content of this announcement.