The Company’s flagship project is the Segilola Gold Project which comprises a proposed open pit gold mining project based on an indicated mineral resource defined by a comprehensive drilling program over 12,000 metres of RC and Diamond Drilling to define a resource of 555,000 ounces of gold at an average grade of 3.8 grams per ton (at a cut-off grade of 1.0 g/tAu and applying a top cut of 50g/tAu).

The effective date of the Company’s Mineral Resource estimate is February 25th 2016. For further information regarding the Mineral Resource estimate please refer to the technical report titled “Updated Resource Estimate for the Segilola Gold Deposit, Osun State, Nigeria for Thor Explorations Ltd.” The technical report is available under the Company’s profile on SEDAR at www.sedar.com.

The Segilola Gold Project is located approximately 120km north east of Lagos in the Osun region of Nigeria.