An anonymous director reports

THOR EXPLORATION PROVIDES DIVIDEND - CURRENCY ELECTION AND PAYMENT CURRENCY UPDATE

Thor Explorations Ltd. has provided an update to the currency election options announced on April 28, 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 through CREST; registered holders with Canadian nominees or brokerages will be paid in Canadian dollars through cheque; other certificated holders on the Canadian register will be paid directly by the company through direct deposit or cheque.

Maiden dividend payment timetable

May 15, 2025:  announcement of exchange rate in foreign-designated currencies

May 16, 2025:  payment date

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 Alternative Investment Market (AIM) and the TSX Venture Exchange under the symbol THX.