Thor Announces Resignation of Company Director

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Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor” or the “Company”) announces the resignation of Mr Oliver Andrews from the Board of Directors with immediate effect. Mr Andrews joined the Board as the nominee from the Africa Finance Corporation (“AFC”) where he served as an Executive Director and the Chief Investment Officer. Mr Andrews has retired from the AFC and resigned from the Board of Thor in accordance.

Segun Lawson, President & CEO, stated: “On behalf of the Company I would like to thank Oliver for his invaluable contribution to our progress through what has been a transformational phase for Thor where we made the investment decision to proceed with construction of the Segilola Gold Mine in Osun State, Nigeria, in conjunction with achieving full project funding. We wish Oliver all the best for his future endeavours.”

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