27 April 2015

THOR MINING PLC

Thor Mining PLC ("Thor" or the "Company")

MARKET UPDATE

The Directors of Thor Mining PLC ("Thor") (AIM, ASX: THR) note the recent increase in the Company's trading volumes and also certain bulletin board speculation.  The Board confirms that they are not aware of any reason for the increase in trading volumes and specifically confirm that the Company has not held any discussions regarding the Molyhil Project in Indonesia nor have publicly made any comments to this effect.

Notwithstanding this, several entities are reviewing the Molyhil Project, however these assessments may or may not lead to agreements.  The Directors are hopeful that a financing arrangement will be achieved in the near term and any financing will be announced to the market if and when it occurs.

Thor will update AIM and ASX on any change to the above information in accordance with its obligations under the AIM Rules for Companies and ASX Listing Rules.

Enquiries:

Updates on the Company's activities are regularly posted on Thor's website www.thormining.com, which includes a facility to register to receive these updates by email.