THOR ENERGY PLC — Share Issue/Capital Change 2021

Nov 24, 2021

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Announcement Summary

Entity name

THOR MINING PLC

Date of this announcement

Thursday November 25, 2021

The +securities the subject of this notification are:

@ +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Total number of +securities to be issued/transferred

ASX +security code	Security description	Total number of +securities to be issued/transferred	Issue date
THRAK	OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	31,250,000	25/11/2021

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted

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X

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 1 - Entity and announcement details

1.1 Name of entity
THOR MINING PLC

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type
ARBN

Registration number
121117673

1.3 ASX issuer code
THR

1.4 The announcement is
☑ New announcement

1.5 Date of this announcement
25/11/2021

Notification of Issue, Conversion or Payment up of Unquoted

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X

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

☑ +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and Time	Announcement Title	Selected Appendix 3B to submit quotation request
12-Oct-2021 19:17	New - Proposed issue of securities - THR	A placement or other type of issue

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

☑ No

Notification of Issue, Conversion or Payment up of Unquoted

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X

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description

THRAK : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Date the +securities the subject of this notification were issued

25/11/2021

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

31,250,000

Were the +securities issued for a cash consideration?

☑ No

Please describe the consideration being provided for the +securities

Consideration being provided for a tenement farm-in - refer ASX Announcement 17 November 2021.

Notification of Issue, Conversion or Payment up of Unquoted

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X

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:
(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

ASX +security code and description	Total number of +securities on issue
THR : CHESS DEPOSITARY INTERESTS 1:1	623,612,385
THROA : OPTION EXPIRING 08-JUL-2023	129,300,000

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description	Total number of +securities on issue
THRAS : OPTION EXPIRING 10-NOV-2022 EX $0.03	8,333,000
THRAK : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	223,948,529
THRAM : ORDINARY FULLY PAID	1,133,184,026
THRAQ : OPTION EXPIRING 23-OCT-2022 EX GBP 0.01	26,500,000
THRAR : OPTION EXPIRING 23-OCT-2023 EX GBP 0.0054	4,000,000
THRAT : OPTION EXPIRING 04-MAR-2024 EX GBP 0.010273	2,433,526
THRAV : OPTION EXPIRING 17-AUG-2023 EX GBP 0.013	61,538,461
THRAN : OPTION EXPIRING 08-JUL-2023 EX 0.95C	16,000,000
THRAU : OPTION EXPIRING 04-DEC-2022 EX USD 0.0175	5,000,000

Notification of Issue, Conversion or Payment up of Unquoted