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/CDIs

(b) Ordinary shares

(c) Unlisted UK Options (termed Warrants in the UK)

2

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

(a) Transfers of 48,925,128 from ASX listed CDIs to AIM listed shares on the AIM Market of the London Stock Exchange, during the period 1 June 2016 to 24 June 2016.

(b) Issue of 864,000,000 Ordinary Shares to sophisticated investors in the UK on 24 June 2016.

Thereby increasing the total number of securities, listed on both AIM and ASX, to 5,736,387,510 as at 24 June 2016.

(c) Issue of 864,000,00o unlisted options, to sophisticated investors, on the basis of one free option for every one Ordinary Share subscribed under (a).

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 of 48,925,128 from ASX listed CDIs to AIM listed shares on the AIM Market of the London Stock Exchange, during the period 1 June 2016 to 24 June 2016.

(b) Issue of 864,000,000 ordinary shares at a price of 0.025 pence per share, as announced to the ASX on 17 May 2016.

(c) Issue of 864,000,000 unlisted options on the basis of one free options for every one share subscribed for under (a). Each option is exercisable for 0.05 pence for one share, with an expiry date of 1 December 2018.

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.

(b) Yes.

(c) No. The securities will rank equally with ordinary shares upon exercise of the options (if the holder elects to do so).

5

Issue price or consideration

(a) N/A

(b) Ordinary shares - 0.025 pence per share.

(c) Unlisted UK Options - No consideration. The options were issued on the basis of one free option for every one share subscribed for under (a).

6

Purpose of the issue

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

The funds raised will enable the Company to progress its Molyhil tungsten project where it is proposed to test for tungsten mineralisation at selected targets very close to Molyhil. The Placing will also provide the Company with additional working capital.

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

26 November 2015

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)

(a) N/A

(b) 864,000,000 Ordinary shares. Approved by shareholders at the Company's General Meeting dated 23 June 2016.

(c) 864,000,000 unlisted options. Approved by shareholders at the Company's General Meeting dated 23 June 2016.

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

(a) Transfers 1 June 2016 to 24 June 2016.

(b) 24 June 2016.

(c) 24 June 2016.

Number

+Class

8

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

1,875,725,103

Ordinary Shares quoted by

ASX ("THR" as CDIs) as at 24 June 2016.

9

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

3,860,662,407

1,200,000,000

26,763,987

525,000,000

Ordinary Shares admitted to the AIM Market of the London Stock Exchange, as at 24 June 2016.

0.05 pence unlisted Warrants Expiring 1 December 2018.

0.1 pence unlisted Warrants expiring 22 September 2016. (Held by an Associate).

0.075 pence unlisted Warrants

 Expiring 28 July 2016.

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)

ü

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

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 24 June 2015)

3,228,091,211

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

Placement (24/7/15) 875,000,000

(approved 23 July 2015)

Placement (23/10/15) 76,398,285

(approved 23 July 2015)

Remuneration (17/12/15) 356,898,014

(approved 26 November 2015)

Placement (1/6/16) 336,000,000

(approved 23 June 2016)

Placement (24/6/65) 864,000,000

(approved 23 June 2016)

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

0

"A"

5,736,387,510

Step 2: Calculate 15% of "A"

"B"

0.15

[Note: this value cannot be changed]

Multiply "A" by 0.15

860,458,126

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

Nil

"C"

Nil

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

860,458,126

Subtract "C"

Note: number must be same as shown in Step 3

Nil

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

860,458,126

 [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

5,736,387,510

Step 2: Calculate 10% of "A"

"D"

0.10

Note: this value cannot be changed

Multiply "A" by 0.10

573,638,751

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

Nil

"E"

Nil

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

573,638,751

Subtract "E"

Note: number must be same as shown in Step 3

Nil

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

573,638,751

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

Mick Billing

+61 (8) 7324 1935

Thor Mining PLC

Executive Chairman

Ray Ridge

+61 (8) 7324 1935

Thor Mining PLC

CFO/Company

Secretary

Colin Aaronson/

Daniel Bush/

Richard Tonthat

+44 (0) 207 383 5100

Grant Thornton UK LLP

Nominated Adviser

Gerry Beaney/

David Hignell

John Howes

+44 (0) 203 862 6625

Northland Capital Partners Limited

Broker

Tim Blythe/

 Camilla Horsfall

+44 (0) 207 138 3222

Blytheweigh

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