Thor Explorations Ltd (THX) NPV (DI)

Thor Explorations Ltd. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, development and production of mineral properties located in Nigeria, Senegal and Burkina Faso. It holds a 100% interest in the Segilola Gold Project located in Osun State, Nigeria and has a 70% economic interest in the Douta Gold Project located in south-eastern Senegal. The Company’s flagship project is the gold-producing Segilola Gold Project located in Osun State, Nigeria, approximately 120 kilometers (km) northeast of Lagos. The Douta Gold Project consists of two gold exploration permits, E02038 and E03709, located within the Keniebainlier, eastern Senegal. The Company also owns an approximately 70% interest in the Douta-West Licence, E03709, which lies contiguous to the Douta Gold Project, and an over 80% interest in the Sofita Licence, E03028, located approximately 20 kilometers (kms) south of the Douta Gold Project.