Thor Exploration Provides Dividend - Currency Election and Payment Currency Update

About this update from Thor Explorations Ltd.

Vancouver, British Columbia--(Newsfile Corp. - May 12, 2025) - Thor Explorations Ltd. (TSXV: THX) (AIM: THX) ("Thor Explorations", "Thor" or the "Company") provides an update to the currency election options announced on 28 April 2025. Due to administrative issues, the option for currency election as previously announced is no longer available to all shareholders. The below outlines the payment treatment for shareholders. Depository Interest ("DI") holders registered in London will be paid in British Pounds via CREST; Registered holders with Canadian nominees or brokerages will be paid in Canadian Dollars via cheque; Other certificated holders on the Canadian register will be paid directly by the Company via direct deposit or cheque. Maiden Dividend Payment Timetable 15 May 2025: Announcement of exchange rate in Foreign Designated currencies 16 May 2025: Payment date About Thor Explorations Thor Explorations Ltd. is a mineral exploration company engaged in the acquisition, exploration, development and production of mineral properties located in Nigeria, Senegal and Burkina Faso. Thor Explorations holds a 100% interest in the Segilola Gold Project located in Osun State, Nigeria and has a 70% economic interest in the Douta Gold Project located in south-eastern Senegal. Thor Explorations trades on AIM and the TSX Venture Exchange under the symbol "THX". THOR EXPLORATIONS LTD. For further information, please contact: Thor Explorations Ltd Email: [email protected] Canaccord Genuity (Nominated Adviser & Broker) Henry Fitzgerald-O'Connor / James Asensio / Harry Rees Tel: +44 (0) 20 7523 8000 Hannam & Partners (Broker) Andrew Chubb / Matt Hasson / Jay Ashfield / Franck Nganou Tel: +44 (0) 20 7907 8500 BlytheRay (Financial PR) Tim Blythe / Megan Ray / Said Izagaren Tel: +44 207 138 3203 Yellow Jersey PR (Financial PR) Charles Goodwin / Shivantha Thambirajah / Zara McKinlay Tel: +44 (0) 20 3004 9512 NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251693

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