summary od ann please, page-2

PRIORITY PARTICIPATION IN IPO OF THOR
MINING PLC
Thor lodges Prospectus to raise up to $10.5m.
Batavia shareholders given priority participation.
Batavia will hold 12% of Thor post IPO – approximating $3.2m.
Batavia Mining Limited (ASX – BTV) is pleased to announce to shareholders that, as part of the disposal
of its portfolio of uranium tenements, our shareholders are to be given a Priority participation in the
Initial Public Offering of Thor Mining PLC (LSE – THR). Thor plans to consolidate its current share capital
on a 1 for 3 basis and list on the ASX via the IPO.
Thor has lodged a Prospectus with ASIC to raise up to $10.5 million by way of the issue of up to 52.5
million shares at 20 cents per share with a free attaching warrant for every 2 offer shares. Patersons
Securities Limited have underwritten the raising up to $10.0 million. The Priority participation is for a
maximum of 30 million shares and 15 million warrants and will be offered to all shareholders registered
as holding at least 10,000 shares at the close of business on 15 August 2006. All such qualified
shareholders will be able to apply for a minimum parcel of 10,000 shares at 20 cents per share in Thor
with 5,000 attaching listed warrants on the basis of 1 warrant for every 2 Thor shares applied for. Batavia
shareholders are entitled to apply for more shares than the minimum parcel or participate in the Public
offer. Any applications above the minimum parcel will be allocated at the discretion of the Directors of
Thor Mining PLC.
Batavia has agreed to sell its uranium portfolio to Thor in return for 16 million shares and 8.5 million
warrants. This transaction was approved by shareholders today in EGM. Post the Thor IPO, Batavia will
hold approximately 12% of the issued share capital of Thor valuing the Batavia holding at approximately
$3.2 million based on the IPO price of 20 cents per share.
The Thor Prospectus together with the Priority Application form will be posted to eligible shareholders on
or about 17 August 2006.
The Thor share price closed at 3.38 pence pre-consolidation on 7 August 2006. The Board would
encourage you to consider this offer by reading the Thor Prospectus attached. The Prospectus is available
on the Company website www.bataviamining.com.au. This does not have the Priority participation form
attached as this will be sent under separate cover to eligible shareholders. The Prospectus is also
available on the Thor website www.thormining.com and on the Patersons website at www.psl.com.au
where the appropriate application forms for the Public Offer can be found.
Yours faithfully
Batavia Mining Limited
Terry Smith
Chairman
9 August 2006