Issue of Equity

Thor Mining PLC
18 May 2006



THOR MINING PLC

Issue of Equity

Dated: 18 May 2006



Thor Mining PLC (the 'Company') the mineral exploration and development company
focussed on advancing tungsten and molybdenum projects in the Northern Territory
of Australia has raised £300,000 (gross) by the issue of 10,000,000 new ordinary
shares of 1p each in the capital of the Company (the 'Shares') at 3p per Share,
conditional on the Shares being admitted to trading AIM. The funds are to
supplement the Company's working capital and to provide additional finance for
the development of the definitive feasibility study on the Molyhil Tungsten and
Molybdenum Project.



Following the issue of these Shares the Company's total issued share capital
will be 191,765,000 ordinary shares. Application has been made to the London
Stock Exchange for the Shares to be admitted to trading of on AIM. Dealings are
expected to commence at 8.00 a.m. on 19 May 2006.


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   0207 429 6666 or    Conduit PR                  Public Relations
                    07739 461 061




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