An anonymous director reports

THOR EXPLORATIONS ANNOUNCES DIVIDEND - FOREIGN EXCHANGE RATE CONFIRMATION

Foreign exchange rates will be applied to Thor Explorations Ltd.'s quarterly dividend, which was announced on Jan. 13, 2026.

For shareholders who have elected to receive the quarterly dividend in pounds sterling or U.S. dollars, the foreign exchange rates that will be applied are $1 (Canadian) to 0.5352 pound sterling and $1 (Canadian) to 73.11 U.S. cents. Accordingly, the pound sterling and U.S.-dollar equivalents of the quarterly dividend are 0.014718 pound sterling and 2.010 U.S. cents per ordinary share, respectively.

The company also confirms that the quarterly dividend will be paid on Feb. 13, 2026.

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, Ivory Coast and Burkina Faso. Thor Explorations holds a 100-per-cent interest in the Segilola gold project located in Osun state, Nigeria, a 100-per-cent economic interest in the Douta gold project located in southeastern Senegal and a 100-per-cent interest in the Guitry gold project in Ivory Coast. Thor Explorations trades on the Alternative Investment Market and the TSX Venture Exchange under the symbol THX.