Thor Exploration Ltd: Director Dealing

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: [email protected]

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: +1 416 822 6483 Email: [email protected]

Blytheweigh (Financial PR) Tim Blythe / Megan Ray / Rachael Brooks Tel: +44 207 138 3203

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

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Adrian Coates
2	Reason for the notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Thor Explorations Ltd.
b)	LEI	213800AXZ8468CQYVT76
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrumentIdentification code	Common Shares of no par value CA8851491040
b)	Nature of the transaction	1. Sale of Common Shares from share dealing account2. Purchase of Common Shares into ISA account
c)	Price(s) and volume(s)	Price(s) Volume(s) 16.00 pence 125,000
d)	Aggregated information - Aggregated volume - Price	Price(s) Volume(s) Total 16.00 pence 125,000 £20,000.00
e)	Date of the transaction	2 March 2022
f)	Place of the transaction	Outside a trading venue

 

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