Sanction order obtained

11 May 2005 17:07

Thistle Mining Inc.11 May 2005 THISTLE MINING INC Thistle Obtains Court Order Approving Plan of Compromise and Reorganization Toronto, May 11, 2005 - Thistle Mining Inc. (TSX: THT and AIM: TMG) As previously announced, Thistle Mining Inc. ("Thistle") obtained an order onJanuary 7, 2005 from the Ontario Superior Court of Justice to commence Thistle'srestructuring under the Companies' Creditors Arrangement Act ("CCAA"). Thistle announced today that on May 10, 2005, the Ontario Superior Court ofJustice granted a sanction order approving the Thistle plan of compromise andreorganization dated March 24, 2005 pursuant to the CCAA. At this time, it is anticipated that Thistle will emerge from its restructuringprocess in late May or early June 2005. For further information, contact Harvey McKenzie, Chief Financial Officer,1-416-594-3293. This information is provided by RNS The company news service from the London Stock Exchange