INVESTOR UPDATE

Uranium Drill Approvals Granted,  Wedding Bell and Radium Mountain Projects, USA

Read the full ASX release

The directors of Thor Energy (AIM, ASX: THR) are pleased to announce that all approvals have been granted for drilling at the Company’s 100% owned Wedding Bell and Radium Mountain Projects, located southwest Colorado, USA

HIGHLIGHTS

▪ All approvals and permits have been granted to commence follow-up drilling at Wedding Bell and Radium Mountain projects including Rim Rock and Groundhog Prospects.

▪ Options for drill programmes include testing along strike of the known mineralisation at Rim Rock and Groundhog that may, if successful form part of any future mineral resource estimations.

Thor is delighted to now have all approvals in place for drilling at our priority uranium and vanadium prospects, at the Wedding Bell and Radium Mountain Projects.

Thor would like to thank the supportive local communities, enabling us to now move forward with our exploration of these projects.

Read the full ASX release

ABOUT THE

URANIUM-VANADIUM PROJECTS

Thor Energy holds a 100% interest in three uranium-vanadium projects in the highly prospective Uravan Mining Belt on the border of Utah and Colorado. The Wedding Bell Project and the Radium Mountain Project are both in Colorado and comprise of 199 mineral claims over areas of historical high grade uranium and vanadium production. The Vanadium King Project in south-east Utah comprises of 100 mineral claims, approximately 40km north of the town of Moab.

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