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THX.V ·

Results of Special Meeting of Shareholders

Shareholder Meetings

NEWS RELEASE

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR

DISTRIBUTION TO U.S. WIRE SERVICES

FOR IMMEDIATE RELEASE TSXV: THX

May 10, 2021 Shares Outstanding: 621,405,975

Vancouver, British Columbia

RESULTS OF SPECIAL MEETING OF SHAREHOLDERS

Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor” or the “Company”) announces that the resolution

put to shareholders at a Special Meeting held on April 30, 2021, was duly passed as a Special

Resolution.

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 Gold Project located in south -eastern Senegal. Thor also holds a 100% 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:

Thor Explorations Ltd

Email: [email protected]

Fig House Communications (Investor Relations)

Tel: +1 416 822 6483

Email: [email protected]

Blytheweigh

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 t o 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.

Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, the information presented constitutes

“forward looking statements” within the meaning of certain securities laws, and is subject to important

risks, uncertainties and assumptions that could cause the actual results of the Company to differ

materially f rom the forward -looking statements. Such f orward-looking statements, including but not

limited to, the Company’s ability to fully finance the Project, to bring the Project into operation or to

produce gold from the Project, and the use of the proceeds. The words “may”, “could”, “should”,

“would”, “suspect”, “outlook”, “believe”, “anticipate”, “estimate”, “expect”, “intend”, “plan”, “target” and

similar words and expressions are used to identify forward -looking information. The forward -looking

information in this news release describes the Company’ s expectations as of the date of this news

release and accordingly, is subject to change after such date. Readers should not place undue

importance on forward -looking information and should not rely upon this information as of any other

date. While the Company may elect to, it does not undertake to update this information at any particular

time.