Thor Mining PLC (AIM:ASX:THR) Directorate Change

The directors of Thor Mining PLC (“Thor”) (AIM, ASX: THR, OTCQB: THORF) advise that Mark Potter, Non-Executive Chair, will step down from the Board with immediate effect for personal reasons.

Alastair Clayton, will take on the position of interim Non-Executive Chair until such time as a replacement can be appointed. The Company has commenced a search for a permanent independent Non-Executive to chair the Company. Alastair is currently a Non-Executive Director of Thor and was appointed to the Board on 4 October 2021. Alastair is currently Executive Director of Artemis Resources and was previously a Director of uranium companies Extract Resources, an ASX100 sold to CGNPC in 2012 for ~A$2.2b, Chairman and Non Executive Director of Bannerman Resources Limited and a Founding Director of multi-mine coal producer and dividend payer Universal Coal PLC, sold in 2020 in a ~$A175m deal. Based in London, Alastair has considerable experience with raising capital for ASX and AIM listed companies as well as extensive experience in evaluating and financing large scale mining projects.

Nicole Galloway Warland, Managing Director of Thor Mining, commented:

“On behalf of both the Board and staff we would like to thank Mark for his commitment and contribution to Thor since his appointment to the Board in August 2019. He has assisted in raising capital in the London market and provided invaluable expertise to the Company over the last three and a half years. We wish him every success in the future.”

This announcement is authorised for release to the market by the Board of Directors.

For further information, please contact:

Thor Mining PLC

Nicole Galloway Warland, Managing Director

Tel: +61 (8) 7324 1935

Ray Ridge, CFO / Company Secretary

Tel: +61 (8) 7324 1935

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