new issue on aim

now we now know who the seller was in THR the last few weeks


THOR MINING PLC


Issue of Equity


Dated: 23 May 2007


Thor Mining PLC (“the Company” or “Thor”), AIM, ASX: THR the specialist metals company focused on advancing tungsten-molybdenum and uranium projects in the Northern Territory of Australia has issued a further 6,800,000 new ordinary shares of 0.3p each in the capital of the Company (the “Shares”), conditional on the Shares being admitted to trading on AIM. The funds are to supplement the Company’s working capital and to provide additional finance for the development of the Molyhil Tungsten and Molybdenum Project.

City Equities Limited has agreed to subscribe for 6,000,000 Shares at 11p per Share. Following the subscription, City Equities Limited will hold 6,000,000 Shares, which is approximately 4.3% of the issued share capital of the Company as enlarged by the placing.


Following the issue of these Shares the Company’s total issued share capital will be 139,659,508 Shares. Application has been made to the London Stock Exchange for the Shares to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 27 July 2007.