Holding(s) in Company

Thor Mining PLC
16 February 2006



                              THOR MINING PLC

                             Holding in Company
                          

Dated: 16 February 2006


Thor Mining PLC (the 'Company') was notified on 15 February 2006 that City
Equities Limited had purchased 8,200,000 Ordinary Shares of 1p each in the
capital of the Company ('Shares'). Following this transaction City Equities
Limited holds 8,200,000 Shares, representing approximately 4.5% of the issued
share capital of the Company.


Enquiries:


     John Barr           00 61 418 912 885   Thor Mining PLC                 Executive Chairman

     John Simpson        020 7512 0191       ARM Corporate Finance Ltd       Nominated Adviser

     Abigail Singleton   020 7618 8534       Conduit PR                      Public Relations




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