Form 12b-25

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  29549



FORM 12b-25




SEC FILE NUMBER 001-08429

CUSIP NUMBER




NOTIFICATION OF LATE FILING


(Check One):[X]Form 10-K [ ]Form 20-F [ ]Form 11-K [ ]Form 10-Q [ ]Form N-SAR


For Period Ended: December 31, 2002


[ ] Transition Report on Form 10-K

[ ] Transition Report on Form 20-F

[ ] Transition Report on Form 11-K

[ ] Transition Report on Form 10-Q

[ ] Transition Report on Form N-SAR


For the Transition Period Ended: __________________




Read Instruction (on back page) Before Preparing Form.  Please Print or Type.

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.




If the notification relates to a portion of the filing  checked above, identify the Item(s) to which the notification relates:_______________________________











PART 1 – REGISTRANT INFORMATION


Thunder Mountain Gold, Inc.

_______________________________________________________________________________

Full Name of Registrant


3605 E 16th Avenue

_______________________________________________________________________________

Address of Principal Executive Office (Street and Number)



City, State and Zip Code:                Spokane

_______________________________________________________________________________

City, State and Zip Code




PART II -- RULES 12b-25(b) AND (c)


If the subject report could not be filed without unreasonable effort or expense and the  registrant seeks relief  pursuant  to Rule  12b-25(b),  the  following should be completed.  (Check box if appropriate)


          (a)  The reasons described  in reasonable detail in  Part III of this

               form could not  be  eliminated without  unreasonable  effort  or

               expense;

[X]       (b)  The subject annual report, semi-annual report, transition report

               report, on Form 10-K,  Form 20-F,  11-K,  Form N-SAR, or portion

               thereof will be  filed on or  before the  fifteenth calendar day

               following  the  prescribed due date;  or the  subject  quarterly

               report on Form 10-Q, or  portion there  of will  be filed  on or

               before the fifth calendar day  following the prescribed due day;

               and

          (c)  The accountant’s  statement or  other exhibit  required  by Rule

               12b-25(c) has been attached if applicable.


PART III – NARRATIVE


State below in reasonable detail  the reasons why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, or the transition report portion thereof,  could not be filed within the prescribed time period.  (Attach Extra Sheets if Needed)





Audited financial statements have not yet been completed by the Company's accountants.  The auditors indicate the completed audit should be available within the extension period to allow for timely filing.













PART IV -- OTHER INFORMATION


(1)

Name and telephone number of person to contact regarding this notification:


Jim Collard

509

535-6092

____________________________________

___________

__________________

(Name)

(Area Code)

(Telephone Number)


(2)

Have all other periodic reports required under  Section 13 or 15(d) of the  Securities  Exchange Act of  1934 or Section 30 of  the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed?

If answer is no, identify report(s).  [X] Yes  [ ] No



(3)

Is it anticipated that  any significant  change in  results of  operations from the corresponding period for  the last fiscal year would be reflected  by the earnings statements to be included in the subject report or portion thereof?  [ ] Yes    [X] No


If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.









Thunder Mountain Gold, Inc.

_______________________________________________________________________________

(Name of Registrant as Specified in Charter)


has  caused this  notification to be signed  on its behalf  by the  undersigned hereunto duly authorized.


March 31, 2003

/s/ James Collard

Date:

____________________

By:____________________________________________

James Collard, President

INSTRUCTION: The form may be signed by an executive  officer of  the registrant of by any  other duly  authorized  representative.  The name  and title  of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer),  evidence of the representative's  authority to sign on behalf of the registrant shall be filed with the form.











ATTENTION



International misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).


GENERAL INSTRUCTIONS


1.

This form is required by Rule 12b-25 (17CFR 240.12b-25) of the General Rules and Regulations under the Securities Exchange Act of 1934.


2.

One signed original and four  conformed copies of  this form and  amendments thereto  must be  completed and  filed  with  the  Securities  and  Exchange Commission,  Washington,  D.C. 20549,  in accordance  with Rule 0-3  of  the General Rules and Regulations under the Act. The information contained in or filed with the form will be made a matter of public record in the Commission files.


3.

A  manually signed  copy of the  form and amendments thereto  shall be filed with each national securities exchange on  which any  class of securities of the registrant is registered.


4.

Amendments to the notifications must also be filed on  form 12b-25 but  need not restate information that has  been correctly  furnished.  The form shall be clearly identified as an amended notification.


5.

Electronic filers.  This form shall not be used by electronic filers unable to timely file a report solely due to electronic difficulties.  Filers unable to submit a report within the time period prescribed due to difficulties in electronic filing should comply with either Rule 201 or Rule 202 of Regulation S-T (§232.201 or §232.202 of this chapter) or apply for an adjustment in filing date pursuant to Rule 13(b) of Regulation S-T (§232.13(b) of this Chapter).