Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information anddocuments given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12

Name of entity

Thor Mining PLC

ABN121 117 673

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

  • 1+Class of+securities issued or to be issued

    • (a) Ordinary shares / CDIs

    • (b) Ordinary shares

  • 2 Number of+securities issued or to be issued (if known) or maximum number which may be issued

  • (a) Transfersof 322,343 to AIM listed shares on the AIM Market of the London Stock Exchange, from ASXlisted CDI's, during the period 23 November 2018 to 4 December 2018.

  • (b) Issueof 7,500,000 Ordinary Shares as a result of options (termed warrants in the UK) being exercised.

The total number of securities, listed on both AIM and ASX, is now 685,696,593 as at 5 December 2018.

+ See chapter 19 for defined terms.

  • 3 Principal terms of the+securities (eg, if options, exercise price and expiry date; if partly paid+securities, the amount outstanding and due dates for payment; if+convertible securities, the conversion price and dates for conversion)

    This represents:

    • (a)Transfers between AIM listed shares on the AIM Market of the London Stock Exchange, and ASXlisted CDI's.

    • (b)Issue of Ordinary Shares ranking pari passu with existing Ordinary Shares.

  • 4 Do the+securities rank equally in all respects from the date of allotment with an existing+class of quoted+securities?

    If the additional securities do not rank equally, please state:

    • the date from which they do

    • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

    • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

  • 5 Issue price or consideration

  • 6 Purpose of the issue

    (If issued as consideration for the acquisition of assets, clearly identify those assets)

    • (a) Yes.

    • (b) Yes.

    • (a) N/A

    • (b) £0.012 (1.2 pence) per Ordinary Share, being the exercise price of the options.

    (a)N/A

    (b) The result of options exercised.

  • 6a Is the entity an+eligible entity that has obtained security holder approval under rule 7.1A?

    If Yes, complete sections 6b-6h

    in relation to the+securities the

    subject of this Appendix 3B, and

    comply with section 6i

Yes

  • 6b The date the security holder resolution under rule 7.1A was passed

  • 6c Number of+securities issued without security holder approval under rule 7.1

    N/A

  • 6d Number of+securities issued with security holder approval under rule 7.1A

    N/A

  • 6e Number of+securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

    N/A

  • 6f Number of securities issued under an exception in rule 7.2

    • (a) N/A

    • (b) 7,500,000 Ordinary Shares

  • 6g If securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include the source of the VWAP calculation.

    N/A

  • 6h If securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements.

    N/A

  • 6iCalculate the entity's remainingissue capacity under rule 7.1 and rule 7.1A-complete Annexure 1 and release to ASX Market Announcements

    Refer attached Annexure 1

  • 7 Dates of entering+securities into uncertificated holdings or despatch of certificates

8

Number

and+class

all

+securities

quoted on

ASX

(including

in

of

the securitiessection 2 if applicable)

Number

+Class

158,888,693

Ordinary Shares quoted by ASX("THR" as CDIs)as at 5 December 2018.

+ See chapter 19 for defined terms.

  • 9 Number and+class of all+securities not quoted on ASX (includingthe securities in section 2 if applicable)

    526,807,900

    20,722,389 13,840,000 2,000,000 20,000,000 39,444,444

    500,000 10,000,000 15,000,000 1,500,000 10,000,000 5,000,000 15,000,000

    Ordinary Shares admitted to the AIM Market of the London Stock Exchange, as at 5 December 2018.

    Unlisted Options:

    1.25 pence unlisted warrants expiring 7 April 2019.

    1.25 pence unlisted warrants expiring 11 April 2019.

    1.8 pence unlisted warrants expiring 27 June 2019.

    1.25 pence unlisted warrants expiring 26 July 2019.

    1.8 pence unlisted warrants expiring 28 July 2019.

    5.0 pence unlisted warrants expiring 22 August 2019.

    5.0 pence unlisted warrants expiring 29 January 2020.

    1.8 pence unlisted warrants expiring 31 March 2020. 1.8 pence unlisted warrants expiring 27 June 2020.

    1.5 pence unlisted options expiring 2 November 2020. 4.5 pence unlisted options expiring 29 December 2020. 3.5625 pence unlisted options expiring 7 June 2021.

  • 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

No Policy

Part 2 - Bonus issue or pro rata issue - Not Applicable

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34

Type of securities (tick one)

(a)Securities described in Part 1

(b)

All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35

If the+securities are+equity securities, the names of the 20 largest holders of the additional+securities, and the number and percentage of additional+securities held by those holders

36

If the+securities are+equity securities, a distribution schedule of the additional+securities setting out the number of holders in the categories

1 - 1,000

1,001 - 5,000

5,001 - 10,000

10,001 - 100,000

100,001 and over

37

A copy of any trust deed for the additional+securities

+ See chapter 19 for defined terms.

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Thor Mining plc published this content on 05 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 December 2018 09:46:05 UTC