Grant of Board Options

Suite 1010, 1075 West Georgia Street

Vancouver, BC, Canada V6E 3C9

Tel: 1.778.373.0102 Fax: 1.604.639.4670

NEWS RELEASE

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR

DISTRIBUTION TO U.S. WIRE SERVICES

FOR IMMEDIATE RELEASE TSXV: THX

October 8, 2018 Shares Outstanding: 370,682,965

Vancouver, British Columbia

GRANT OF BOARD OPTIONS

Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor” or the “Company”) wishes to announce the grant of

750,000 stock options pursuant to its approved stock option plan to directors of the Company. The options

were granted at an exercise price of $0.14 per share for a period of five years and amount to 0.2% of the

issued share capital in total.

About Thor

Thor Explorations Ltd. is a Canadian mineral exploration company engaged in the acquisition, exploration and

development of mineral properties located in Nigeria, Senegal and Burkina Faso. Thor holds a 100% interest

in the Segilola Gold Project located in Osun State of Nigeria and a 70% interest in the Douta Gol d Project

located in south-eastern Senegal. Thor also holds a 49% interest in the Bongui and Legue gold permits located

in Houndé greenstone belt, south west Burkina Faso. Thor trades on the TSX Venture Exchange under the

symbol “THX”.

THOR EXPLORATIONS LTD.

Segun Lawson

President & CEO

For further information please contact:

Tel: 778-373-0102

Fax: 604-434-1487

Email: [email protected]

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.