Thor Energy Regulatory News (THR)

Name of entity

Thor Mining PLC

ABN

121 117 673

1

+Class of +securities issued or to be issued

(a) Ordinary shares

2

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

(a) Transfer of 1,095,629 AIM Listed shares from the AIM Market of the London Stock Exchange to ASX, as CDIs, during the period from to 11 December 2013 to 31 December 2013

 Thereby maintaining the number of shares listed on the AIM market of the London Stock Exchange at 1,341,661,459 as at 31 December 2013.

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) The transfer of 1,095,629 Ordinary shares issued in England (AIM) to CDIs listed on ASX during the period from 11 December 2013 through until 31 December 2013.

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

(a) Yes

5

Issue price or consideration

(a) n/a

6

Purpose of the issue

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

(a) Transfer of securities from ordinary shares admitted to the AIM market of the London Stock Exchange, to CDIs listed on ASX.

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

28 November 2013

6c

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

Nil

6d

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

Nil

6e

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

(a) Not Applicable

6f

Number of securities issued under an exception in rule 7.2

N/A

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

6i

Calculate the entity's remaining issue 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

Transfers: From 11 December 2013 to 31 December 2013

Number

+Class

8

Number and +class of all +securities quoted on ASX (including the securities in section 2 if applicable)

638,524,392

Ordinary Shares quoted by

ASX ("THR" as CDIs) as at 31 December 2013

9

Number and +class of all +securities not quoted on ASX (including the securities in section 2 if applicable)

681,470,400

21,666,667

1,000,000

4,000,000

1,100,000

84,141,088

62,887,808

20,067,431

8,399,027

Ordinary Shares admitted to the AIM Market of the London Stock Exchange, as at 31 December 2013.

Ordinary Shares, held in escrow until 8 April 2014, quoted by ASX (as CDIs) "THR".

3.5 cent Unlisted Options expiring 13 June 2014. (Held by Associates).

2.0 pence Unlisted Options expiring 21 June 2015. (Held by Associates).

2.0 cent Unlisted Options expiring

27 September 2015. (Held by Employees).

0.7428 cent unlisted options expiring 19 March 2016.

(Held by issuer of debt facility).

0.5963 cent unlisted options expiring 3 June 2016.

 (Held by issuer of debt facility).

1.05 cent unlisted options expiring 30 September 2014. (Issued to Australian registered CDI holders as a result of 2013 Open offer).

0.07 pence unlisted warrants expiring 30 September 2014. (Issued to UK registered shareholders as a result of 2013 Open offer).

10

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

No Policy

34

Type of securities

(tick one)

(a)

X

Securities described in Part 1 (CDIs only)

(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

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

38

Number of securities for which +quotation is sought

39

Class of +securities for which quotation is sought

40

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

41

Reason for request for quotation now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another security, clearly identify that other security)

Number

+Class

42

Number and +class of all +securities quoted on ASX (including the securities in clause 38)

Rule 7.1 - Issues exceeding 15% of capital

Step 1: Calculate "A", the base figure from which the placement capacity is calculated

Insert number of fully paid ordinary securities on issue 12 months before date of issue or agreement to issue

(As at 31 December 2012)

903,425,923

Add the following:

• Number of fully paid ordinary securities issued in that 12 month period under an exception in rule 7.2

• Number of fully paid ordinary securities issued in that 12 month period with shareholder approval

• Number of partly paid ordinary securities that became fully paid in that 12 month period

Note:

• Include only ordinary securities here - other classes of equity securities cannot be added

• Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed

• It may be useful to set out issues of securities on different dates as separate line items

Employee Remuneration 673,700

Western Desert Resources re

Spring Hill consideration 21,666 667

Open Offer issue to:

· Australian registered

CDI Holders 40,134,818

· UK registered

Shareholders 16,913,658

Issued as a result of the exercise

of warrants. 57,806

(all approved on 12 April 2013)

Placement (5/9/2013) 148,888,887

(approved 3 September 2013)

Placement (10/9/2013) 144,900,000

(approved 28 November 2013)

Remuneration Shares 25,000,000

 (approved 28 November 2013)

Subtract the number of fully paid ordinary securities cancelled during that 12 month period

0

"A"

1,301,661,459

Step 2: Calculate 15% of "A"

"B"

0.15

[Note: this value cannot be changed]

Multiply "A" by 0.15

195,249,219

Step 3: Calculate "C", the amount of placement capacity under rule 7.1 that has already been used

Insert number of equity securities issued or agreed to be issued in that 12 month period not counting those issued:

• Under an exception in rule 7.2

• Under rule 7.1A

• With security holder approval under rule 7.1 or rule 7.4

Note:

• This applies to equity securities, unless specifically excluded - not just ordinary securities

• Include here (if applicable ) the securities the subject of the Appendix 3B to which this form is annexed

• It may be useful to set out issues of securities on different dates as separate line items

"C"

Step 4: Subtract "C" from ["A" x "B"] to calculate remaining placement capacity under rule 7.1

"A" x 0.15

Note: number must be same as shown in Step 2

195,249,219

Subtract "C"

Note: number must be same as shown in Step 3

Total ["A" x 0.15] - "C"

195,249,219

 [Note: this is the remaining placement capacity under rule 7.1]

Rule 7.1A - Additional placement capacity for eligible entities

Step 1: Calculate "A", the base figure from which the placement capacity is calculated

"A"

Note: number must be same as shown in Step 1 of Part 1

1,301,661,459

Step 2: Calculate 10% of "A"

"D"

0.10

Note: this value cannot be changed

Multiply "A" by 0.10

130,166,146

Step 3: Calculate "E", the amount of placement capacity under rule 7.1A that has already been used

Insert number of equity securities issued or agreed to be issued in that 12 month period under rule 7.1A

Notes:

• This applies to equity securities - not just ordinary securities

• Include here - if applicable - the securities the subject of the Appendix 3B to which this form is annexed

• Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained

• It may be useful to set out issues of securities on different dates as separate line items

40,000,000

(Issued on 10 December 2013)

"E"

40,000,000

Step 4: Subtract "E" from ["A" x "D"] to calculate remaining placement capacity under rule 7.1A

"A" x 0.10

Note: number must be same as shown in Step 2

130,166,146

Subtract "E"

Note: number must be same as shown in Step 3

40,000,000

Total ["A" x 0.10] - "E"

90,166,146

Note: this is the remaining placement capacity under rule 7.1A

Mick Billing

+61 (8) 7324 1935

Thor Mining PLC

Executive Chairman

Allan Burchard

+61 (8) 7324 1935

Thor Mining PLC

CFO/Company Secretary

Colin Aaronson/

David Hignell/

Jamie Barklem

+44 (0) 207 383 5100

Grant Thornton UK LLP

Nominated Adviser

Nick Emerson/

Renato Rufus

+44 (0) 1483 413500

SI Capital Limited

Broker

Alex Walters

+44 (0) 7771 713608

+44 (0) 207 839 9260

Cadogan PR

Financial PR