Thor Mining PLC (THR.ASX.L) Issue of Equity – Exercise of Options

The directors of Thor Mining Plc (“Thor” or the “Company”) (AIM, ASX: THR, OTCQB: THORF) announce the following issue of shares:

Exercise of options:

The Company has received a binding option exercise notice for the exercise of options with an exercise price of A$0.01 per ordinary share resulting in the issue of 3,800,000 ordinary shares of 0.01p each (the “New Ordinary Shares”), to be issued as ASX CHESS Depositary Interests, with proceeds of A$38,000 received by the Company.

Settlement and dealings

Application has been made to the London Stock Exchange for admission of the New Ordinary Shares to trading on AIM and dealings are expected to commence on or around 23 December 2021 (“Admission”). The New Ordinary Shares will rank pari passu with the Company’s existing ordinary shares.

Total Voting Rights

For the purposes of the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (“DTRs”), following Admission, Thor will have 2,003,421,411 Ordinary Shares in issue with voting rights attached. Thor holds no shares in treasury. This figure includes the 227,200,000 Ordinary Shares to be issued on 21 December 2021, as announced to the market on 14 December 2021. This figure of 2,003,421,411 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the ASX Listing Rules or the DTRs.

– Ends –

For further information on the Company, please visit www.thormining.com or contact the following:

Thor Mining PLC

Nicole Galloway Warland, Managing Director

Ray Ridge, CFO / Company Secretary

Tel: +61 (8) 7324 1935

Tel: +61 (8) 7324 1935


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