Mr. Segun Lawson reports

THOR EXPLORATIONS LTD. ANNOUNCES FILING OF NI 43-101 INDEPENDENT TECHNICAL REPORT: MINERAL RESOURCE ESTIMATE, DOUTA GOLD PROJECT, SENEGAL

Thor Explorations Ltd. has filed an independent technical report (mineral resource estimate) prepared in accordance with National Instrument 43-101 on the Douta gold project in Senegal.

The filing of this technical report supports the disclosure made by the company in its news releases of March 20, 2023.

The independent technical report is titled "Independent Technical Report: Mineral Resource Estimate, Douta Gold Project, Senegal," dated April 25, 2023, and was compiled by MineralMind Australia.

An updated company presentation can be found on Thor's website.

The technical report will be available today on both SEDAR and the company's website.

About Thor Explorations Ltd.

Thor Explorations 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-per-cent interest in the Segilola gold project, located in Osun state, Nigeria, and has a 70-per-cent economic interest in the Douta gold project, located in southeastern Senegal. Thor Explorations trades on the AIM (Alternative Investment Market) and the TSX Venture Exchange under the symbol THX.