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			November 19, 2007 
 
Thunderbird Resorts Inc. has announced a share consolidation on the basis of one (1) post consolidation common share for every three (3) pre-consolidation common shares effective November 20, 2007. Any fractional shares will be adjusted downward to the next whole post consolidation common share.&nbsp; The record date for the reclassification is November 19, 2007. 
The common shares of Thunderbird Resorts will trade on Tuesday, November 20, 2007 on a consolidated basis. 
Open orders for Thunderbird Resorts will be purged from the trading system at the close of business on Monday, November 19, 2007. 
To receive certificates representing common shares of Thunderbird Resorts, Inc. on a post consolidated basis, registered shareholders should follow the instructions set out in the letter of transmittal and send their Thunderbird Resorts, Inc. common share certificates, together with the letter of transmittal, to Computershare Trust Company, Inc., 250 Royall St., Canton, MA 02021, the registrar and transfer agent of the Company. 
The common shares of Thunderbird Resorts, Inc. have been assigned a new CUSIP number, G88576 10 6. The trading symbol will remain "BIRD.U" 
Listing and disclosure documents for Thunderbird are available in the <A class=content href="Page.asp?PageID=2013&amp;AA_RecordID=167&amp;SiteNodeID=211&amp;BL_ExpandID=1391">CNQ Listings Disclosure Hall</A> 
Effective Date: Tuesday, November 20, 2007 Symbol: BIRD.U NEW CUSIP:&nbsp;G88576 10 6 If you have any questions or require further information please contact Radhika Ramkarran at (416) 572-2000 X 2435 or <A class=content href="mailto:radhika.joseph@cnq.ca">E-mail: radhika.ramkarran@cnq.ca</A>
			</div>

2007-1108 - Thunderbird Resorts Share Consolidation

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