The Lightning Jack Film Trust was established by Paul Hogan as a public company on the Australian Stock Exchange, so that investors could help finance the movie by buying stock in it.
Director Simon Wincer says making the film was a logistical nightmare because there were so many other westerns filming on the same locations at the same time, such as Wyatt Earp, Geronimo, City Slickers 2 and Tombstone.
Major League Baseball pitcher 'Roger Clemens (I)' makes an uncredited cameo appearance as the eye-patched outlaw character "Dutch Spencer".
The name of the film's protagonist "Lightning Jack" is partly a reference to Paul Hogan's pretend home town of Lightning Ridge in New South Wales. In reality Paul Hogan was born in Sydney
During an interview on the short-lived talk show Episode #1.2 (1993), it was revealed by Beverly D'Angelo that she was shooting this movie at the same time as Pterodactyl Woman from Beverly Hills (1996), having combined the two schedules and using the time she had free on one movie to work on the other.