DIVIDEND – FOREIGN EXCHANGE RATE CONFIRMATION

Summary by AI ^BETAClose X

Thor Explorations Ltd has confirmed the foreign exchange rates for its quarterly dividend, which was announced on January 13, 2026. Shareholders receiving the dividend in Pounds Sterling will get £0.014718 per Ordinary Share, based on a CAD$1:£0.5352 rate, while those receiving in USD will get US$0.02010 per Ordinary Share, at a CAD$1:US$0.7311 rate. The dividend payment is scheduled for February 13, 2026.

Disclaimer*

Thor Explorations Ltd

03 February 2026

THOR_EXPLORATIONS_FULLCLRLOGO_onwhite

NEWS RELEASE

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

03 February, 2026

TSXV/AIM: THX

DIVIDEND - FOREIGN EXCHANGE RATE CONFIRMATION

Thor Explorations Ltd (TSXV / AIM: THX) ("Thor Explorations", "Thor" or the "Company") announces the foreign exchange rates that will be applied to its quarterly dividend which was announced on 13 January, 2026.

For shareholders that have elected to receive the quarterly dividend in Pounds Sterling or USD, the foreign exchange rates that will be applied are CAD$1:£0.5352 and CAD$1:US$0.7311. Accordingly, the Pounds Sterling and USD equivalents of the quarterly dividend are £0.014718 and US$0.02010 per Ordinary Share, respectively.

The Company also confirms that the quarterly dividend will be paid on 13 February, 2026.

THOR EXPLORATIONS LTD.

For further information please contact:

Thor Explorations Ltd

Email: info@thorexpl.com

Canaccord Genuity (Nominated Adviser & Broker)

Henry Fitzgerald-O'Connor / James Asensio / Harry Rees

Tel: +44 (0) 20 7523 8000

Hannam & Partners (Broker)

Andrew Chubb / Matt Hasson / Jay Ashfield / 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 / Zara McKinlay

Tel: +44 (0) 20 3004 9512

About Thor Explorations

Thor Explorations Ltd. is a mineral exploration company engaged in the acquisition, exploration, development and production of mineral properties located in Nigeria, Senegal, Cote d'Ivoire and Burkina Faso. Thor Explorations holds a 100% interest in the Segilola Gold Project located in Osun State, Nigeria, a 100% economic interest in the Douta Gold Project located in south-eastern Senegal and a 100% interest in the Guitry Gold Project in Cote d'Ivoire. Thor Explorations trades on AIM and the TSX Venture Exchange under the symbol "THX".

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