Thor Explorations Ltd. press release

Thor Explorations Ltd.: Director & PDMR Dealing

2026-07-02

TSXV - TSX Venture Exchange · Gold · Lithium · Canada · Management & Governance

Vancouver, British Columbia--(Newsfile Corp. - July 2, 2026) - Thor Explorations Ltd. (AIM: THX) (TSXV: THX) ("Thor Explorations" or the "Company") announces that Adrian Coates, Non-Executive Chairman, has carried out "Bed and ISA" transactions, having transferred 36,250 Common Shares respectively from his share dealing account into his ISA account.

Mr Coates also purchased 5,150 Common Shares.

Following these transactions, Mr Coate's retains a beneficial interest in 2,191,950 Common Shares representing approximately 0.33% of the total issued share capital in the Company.

For further information, please contact:

Thor Explorations Ltd Email: info@thorexpl.com

Canaccord Genuity (Nominated Adviser & Broker) James Asensio / Henry Fitzgerald-O'Connor / Harry Rees

Tel: +44 (0) 20 7523 8000

Hannam & Partners (Broker) Andrew Chubb / Matt Hasson / Nilesh Patel / Franck Nganou

Tel: +44 (0) 20 7907 8500

BlytheRay (Financial PR) Tim Blythe / Megan Ray / Said Izagaren

Tel: +44 207 138 3203

Yellow Jersey PR (Financial PR) Charles Goodwin / Shivantha Thambirajah / Soraya Jackson

Tel: +44 (0) 20 3004 9512

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release does not constitute an offer to purchase securities. The securities to be offered in the offering have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to, or for the benefit or account of, a U.S. person, except pursuant to an available exemption from such registration requirements.

NOTIFICATIONAND PUBLIC DISCLOSURE OF TRANSACTIONS BYPERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

| 1. | Details of the person discharging managerial responsibilities / person closely associated | | | | | | a) | Name | Adrian Coates | | | | | 2. | Reason for the notification | | | | | | a) | Position / status | Non-Executive Chairman | | | | | b) | Initial notification / amendment | Initial notification | | | | | 3. | Details of the issuer , emission allowance market participant, auction platform, auctioneer or auction monitor | | | | | | a) | Name | Thor Explorations Ltd | | | | | b) | LEI | 213800AXZ8468CQYVT76 | | | | | 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | | | | | | a) | Description of the financial instrument, type of instrument Identification Code | Common Shares of no par value CA8851491040 | | | | | b) | Nature of the transaction(s) | Sale of Common Shares from share dealing account | | | | | c) | Price(s) and volume(s) | | | | | | | Price(s) | Volume(s) | | | | | | 55.48 pence | 36,250 | | | | | | | | | | | | d) | Aggregated information Aggregated volume Price | | | | | | | Price(s) | Volume(s) | | | | | | 55.48 pence | 36,250 | | | | | | | | | | | | e) | Date of the transaction | 30 June 2026 | | | | | f) | Place of the transaction | outside a trading venue | | | |

| 1. | Details of the person discharging managerial responsibilities / person closely associated | | | | | | a) | Name | Adrian Coates | | | | | 2. | Reason for the notification | | | | | | a) | Position / status | Non-Executive Chairman | | | | | b) | Initial notification / amendment | Initial notification | | | | | 3. | Details of the issuer , emission allowance market participant, auction platform, auctioneer or auction monitor | | | | | | a) | Name | Thor Explorations Ltd | | | | | b) | LEI | 213800AXZ8468CQYVT76 | | | | | 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | | | | | | a) | Description of the financial instrument, type of instrument Identification Code | Common Shares of no par value CA8851491040 | | | | | b) | Nature of the transaction(s) | Purchase of Common Shares into ISA account | | | | | c) | Price(s) and volume(s) | | | | | | | Price(s) | Volume(s) | | | | | | 55.52 pence | 41,400 | | | | | | | | | | | | d) | Aggregated information Aggregated volume Price | | | | | | | Price(s) | Volume(s) | | | | | | 55.52 pence | 41,400 | | | | | | | | | | | | e) | Date of the transaction | 30 June 2026 | | | | | f) | Place of the transaction | outside a trading venue | | | |

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303651