THOR ENERGY PLC — Director's Dealing 2012

Jan 15, 2012

Appendix 3Y

Change of Director's Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity: Thor Mining PLC
ARBN: 121 117 673

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Michael Ashton
Date of last notice	21 July 2011

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Direct or indirect interest	Direct & Indirect
Nature of indirect interest (including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.	Michael Ashton is a director of:
• Ashton Drilling Services Pty Ltd
• Mick Ashton Nominees Pty Ltd
and owns 100% of the issued share capital of both.
• Greenstone Property Pty Ltd
and owns a controlling shareholding in that company.
Date of change	11 January 2012
No. of securities held prior to change	Direct
• 2,000,000 Unlisted Options exercisable at $0.04 on or before 24 November 2013

Indirect
Ashton Drilling Services
• 245,569 Ordinary CDI shares.
Mick Ashton Nominees Pty Ltd.
• 8,461,195 Ordinary CDI shares
• 2,255,000 CDI Options
Mick Ashton Superannuation Fund
• 350,453 CDI shares
Greenstone Property Pty Ltd
• 2,550,698 CDI shares |

• See chapter 19 for defined terms.

30/9/2001

Appendix 3Y Page 1

---

Appendix 3Y

Change of Director’s Interest Notice

Class	CDI Shares
Number acquired - Direct	Nil
Number acquired - Indirect	Mick Ashton Nominees Pty Ltd
• 2,050,000 CDI shares acquired as a result of the exercise of options with a maturity date of 25 March 2012
Number disposed	Nil.
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation	• 2.625 cents per CDI share, being the option exercise price, for a total consideration of $53,812.50
No. of securities held after change - Direct	• Nil Ordinary CDI shares.
• 2,000,000 unlisted options exercisable at $0.04 on or before 24 November 2013
No. of securities held after change - Indirect	Ashton Drilling Services
• 245,569 CDI shares.
Mick Ashton Nominees Pty Ltd.
• 10,511,195 CDI shares.
• 205,000 CDI options
Mick Ashton Superannuation Fund
• 350,453 CDI shares
Greenstone Property Pty Ltd
• 2,550,698 CDI shares
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of 2,050,000 listed CDI options on 11 January 2012, being options exercisable at A$0.02625 on or before 25 March 2012.

Part 2 – Change of director’s interests in contracts

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change
Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired

• See chapter 19 for defined terms.

Appendix 3Y Page 2

30/9/2001

---

Appendix 3Y
Change of Director’s Interest Notice

Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	No
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.
  30/9/2001