Positive Exploration Results From Douta Gold Project

VANCOUVER - Thor Explorations Ltd. reported on the first set of drilling results from the drilling program at the Douta Gold Project, Senegal. The drill-intersections of significant gold mineralisation are from the Makosa East Prospect where the program commenced. The Douta Gold Project encompasses the Makosa gold deposit which currently comprises a total resource of approximately 1.78 million ounces (Moz) of gold (Au) that consists of an indicated resource of 20.2 million tonnes (Mt) grading 1.3 grammes per tonne (g/t) Au for 874,900 ounces of gold (oz Au) together with an Inferred Resource of 24.1 Mt grading 1.2 g/t Au for 909,400 oz Au.

A reverse circulation (RC) drilling program has focussed on the extensions to Makosa East which runs parallel to the main Makosa mineralised trend with the priority being to increase the oxide component of the existing resource. The assay results from the drilling completed to date include the following highlights: Drillhole DTRC941 - 24 metres ("m") at 3.53 g/t Au from 0m; Drillhole DTDD920 - 12m at 1.40 g/t Au from 33m; Drillhole DTDD921 - 9m at 2.74 g/t Au from 15m; and Drillhole DTRC936 - 8m at 1.13 g/t Au from 16m.

Segun Lawson, President & CEO, said, "We are pleased to announce new significant drilling results from the Makosa East Prospect which forms an important component of the larger Douta resource. These results will help us in achieving the main purpose of the 2024 drilling programme, which has been to increase the oxide component of the resource.

We have been encouraged by the start of this drilling campaign which has targetted the oxide component and has also delineated gold mineralisation from surface. We look forward to completing the balance of the 15,000 metre drilling programme in the coming months over a number of prospects in the Douta and Douta West licences with the objective of incorporating all results into an updated resource and Preliminary Feasibility Study in the second half of the year as part of our strategy of bringing the Company's second gold mine into production."