THOR MINING PLC

 

Issue of Equity

 

Dated: 18 May 2006

 

Thor Mining PLC (the “Company”) the mineral exploration and development company focussed on advancing tungsten and molybdenum projects in the Northern Territory of Australia has raised £300,000 (gross) by the issue of 10,000,000 new ordinary shares of 1p each in the capital of the Company (the “Shares”) at 3p per Share, conditional on the Shares being admitted to trading AIM. The funds are to supplement the Company’s working capital and to provide additional finance for the development of the definitive feasibility study on the Molyhil Tungsten and Molybdenum Project.

 

Following the issue of these Shares the Company’s total issued share capital will be 191,765,000 ordinary shares. Application has been made to the London Stock Exchange for the Shares to be admitted to trading of on AIM. Dealings are expected to commence at 8.00 a.m. on 19 May 2006.

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