Thor Explorations Ltd. — Proxy Solicitation & Information Statement 2023

Nov 15, 2023

Thor Explorations LTD All Correspondence to:

The office of the Depositary Computershare Investor Services PLC The Pavilions, Bridgwater Road, Bristol, BS99 6ZY

Holder Reference Number

Form of Instruction - Annual General Meeting to be held on 15th December 2023

To View the Annual Report and Notice of Meeting online visit:

https://thorexpl.com/investors

To be effective, all forms of instruction must be lodged at the office of the Depositary at: Computershare Investor Services PLC, The Pavilions, Bridgwater Rd, Bristol BS99 6ZY by 12th December 2023 at 5.00pm (UK Time)

Explanatory Notes:

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• 1. Please indicate, by placing ''X'' in the appropriate space overleaf, how you wish your votes to be cast in respect of each of the Resolutions. If this form is duly signed and returned, but without specific direction as to how you wish your votes to be cast, the form will be rejected.
• 2. The 'Withhold' option overleaf is provided to enable you to vote withheld on any particular Resolution. However, it should be noted that a 'Vote Withheld' is not a vote in law and will not be counted in the calculation of the proportion of the votes 'For' and 'Against' a Resolution.
• 3. Any alterations made in this form should be initialled.
• 4. To give an instruction via the CREST system, CREST messages must be received by the issuer's agent (ID number 3RA50) not later than 5.00pm (UK Time) on 12th December 2023, the time appointed for holding the meeting. For this purpose, the time of receipt will be taken to be the time (as determined by the timestamp generated by the CREST system) from which the issuer's agent is able to retrieve the message. The Company may treat as invalid an appointment sent by CREST in the circumstances set out in Regulation 35(5)(a) of the Uncertificated Securities Regulations 2001.
• 5. Should you require a copy of the Notice of Meeting, please contact the Depositary in writing, by email !UKALLDITeam2@computershare.co.uk or alternatively ring 0370 702 0000 on or before 12th December 2023.
• 6. Entitlement to attend and vote at the meeting and the number of votes which may be cast thereat will be determined by reference to the Depositary Interest Register on 6th November 2023. Changes to entries on the Depositary Interest Register after that time shall be disregarded in determining the rights of any person to attend and vote at the meeting.
• 7. We strongly urge you to vote by Proxy in advance of the meeting, however the completion and return of this form will not preclude a holder from attending virtually. Should the holder, or a representative of that holder wish to attend the virtual meeting, they must notify the Depositary in writing or email !ukallditeam2@computershare.co.uk.

Kindly Note: This form is issued only to the addressee(s) and is specific to the unique designated account printed hereon. This personalised form is not transferable between different (i) account holders; or (ii) uniquely designated accounts. Computershare Investor Services PLC (the "Depositary") and the Custodian accept no liability for any instruction that does not comply with these conditions.

All Named Holders

Form of Instruction

Please use a black pen. Mark with an X inside the box as shown in this example. X

I/We hereby instruct the Custodian "Computershare Company Nominees Limited" to vote on my/our behalf at the Annual General Meeting of the Company to be held Virtually, on 15th December 2023 at 9.00am (Pacific Time).

In order to attend the Meeting, shareholders are asked to register their interest in attending by email at info@thorexpl.com. The Company will reply to those authorized to attend the Meeting with a link to the Meeting and the applicable Meeting ID and password.

Resolutions

1. Number of Directors

For Withhold For Against For Withhold To Set the Number of Directors at Seven (7). 2.2 Election of Directors 01. Olusegun Lawson 02. Folorunso Dada Adeoye 03. Kayode Victor Aderinokun 04. Adrian John Geoffrey Coates 05. Julian Fraser Harvey Barnes 06. Collin Ellison 07. Osam Iyahen 3 Appointment of Auditors Appointment of BDO LLP as Auditors of the Company for the ensuing year and authorizing the Directors to fix their remuneration

Signature	Date

In the case of joint Depositary Interest holders, only one holder need sign. In the case of a corporation, the Form of Instruction should be signed by a duly authorised official whose capacity should be stated, or by an attorney.

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