An anonymous director reports

THOR EXPLORATIONS ANNOUNCES DIVIDEND - FOREIGN EXCHANGE RATE CONFIRMATION

Thor Explorations Ltd. has provided the foreign exchange rates that will be applied to its quarterly dividend, which was announced on Oct. 14, 2025.

For shareholders that have elected to receive the quarterly dividend in British pounds or U.S. dollars, the foreign exchange rates that will be applied are $1 (Canadian) to 54.16 pence and $1 (Canadian) to 71.14 U.S. cents. Accordingly, the British-pound and U.S.-dollar equivalents of the quarterly dividend are 0.677 pence and 0.8893 U.S. cent per ordinary share, respectively.

The company also confirms that the quarterly dividend will be paid on Nov. 14, 2025.

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 100-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.