Projects located in world class target exploration regions

Thor is currently developing and exploring three West African projects located in Nigeria, Senegal and Burkina Faso.

The Segilola Gold Project. The Company believes that the Segilola Gold Project, which is located in Osun State of Nigeria, approximately 120km northeast of Lagos, is the most advanced gold exploration project in Nigeria. The property comprises mining license ML41 and exploration license EL19066. ML41 covers an area of (17.2km2; 1,720ha) and is wholly contained within the larger EL19066 covering an area of 135 Cadastral Units (27.0km2; 2,700ha).

The Douta Project is located in the south east region of Senegal within the Kéniéba inlier, proximal to the Main Transcurrent Shear Zone. This is considered to control the Sadiola Deposit in the North, and the Massawa Deposit to the centre - within 5km of the Douta Project.

The Central Houndé Project consists of three continguous permits located within the Houndé belt, 260km south-west of the capital Ouagadougou, in western Burkina Faso. The Houndé belt is highly prospective and hosts approximately 10Moz of gold discoveries. Thor's Central Houndé Project is surrounded by established projects being developed by established explorers including Orezone Inc., SEMAFO, Acacia Mining Plc and Sarama Resources Ltd.

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