Vancouver, British Columbia--(Newsfile Corp. - March 4, 2022) - Thor Explorations Ltd. (TSXV: THX) (TSXV: AIM) ("Thor Explorations" or the "Company") announces that Mr. Adrian Coates, Non-Executive Chairman, has carried out a "Bed and ISA" transaction, having transferred 125,000 Common Shares from his share dealing account to his ISA on 2 March 2022.

The beneficial holding of Mr. Coates (and persons closely associated with him) is unchanged following this transaction and Mr. Coates remains beneficially interested in 1,350,000 Common Shares representing approximately 0.21% of the total issued share capital in the Company.

For further information please contact:

Thor Explorations Ltd
Email:

Canaccord Genuity (Nominated Adviser & Broker)
Henry Fitzgerald-O'Connor / James Asensio / Thomas Diehl

Tel: +44 (0) 20 7523 8000

Hannam & Partners (Broker)
Andrew Chubb / Matt Hasson / Nilesh Patel / Franck Nganou

Tel: +44 (0) 20 7907 8500

Fig House Communications (Investor Relations)
Tel:
Email:

Blytheweigh (Financial PR)
Tim Blythe / Megan Ray / Rachael Brooks
Tel: 3

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release does not constitute an offer to purchase securities. The securities to be offered in the offering have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to, or for the benefit or account of, a U.S. person, except pursuant to an available exemption from such registration requirements.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

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