Thor appoints Osam Iyahen to board


VANCOUVER, British Columbia, May 28, 2021 (GLOBE NEWSWIRE) – Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor“or the”Company”) Is pleased to announce the appointment of Mr. Osam Iyahen to the Board of Directors of the Company, with immediate effect.

Mr. Iyahen is Senior Director and Head of Natural Resources at the African Finance Corporation (“AFC”) and has over 20 years of experience in leading multibillion-dollar natural resources and infrastructure financial transactions. Mr. Iyahen has successfully executed natural resource transactions across Africa, with more than $ 1 billion in capital deployed.

As part of their investment in the Company, the Company has granted AFC the right to appoint a person to the Board of Directors of the Company. Mr. Iyahen is the AFC candidate for the board of directors.

Segun Lawson, President and CEO, said: We are pleased to welcome Osam Iyahen to Thor’s Board of Directors. As Head of Natural Resources at AFC, he brings significant expertise and country knowledge that will further strengthen the company’s board of directors. We look forward to working with Osam and AFC as the project goes into production. “

Qualified person
The above information has been prepared under the supervision of Alfred Gillman (Fellow AusIMM, PC), who is referred to as a “qualified person” under National Instrument 43-101 and has reviewed and approved the contents of this press release. Press. It also reviewed the QA / QC, sampling, analysis and testing data underlying the information.

About Thor

Thor Explorations Ltd. is a Canadian mining exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Burkina Faso. Thor owns a 100% interest in the Segilola gold project located in Osun State in Nigeria and a 70% interest in the Douta gold project located in south-eastern Senegal. Thor also owns a 100% stake in the Bongui and Legue gold permits located in the Houndé greenstone belt in southwestern Burkina Faso. Thor trades on the TSX Venture Exchange under the symbol “THX”.

Segun Lawson
President and CEO

About AFC –

AFC was established in 2007 to be the catalyst for private sector led infrastructure investments across Africa. It is the second highest rated multilateral financial institution in Africa. AFC’s approach combines specialized industry expertise with a focus on financial and technical advice, project structuring, project development and venture capital to meet the infrastructure development needs of the Africa and stimulate sustainable economic growth. AFC invests in high quality infrastructure assets that provide essential services in key sectors of energy, natural resources, heavy industry, transportation and telecommunications. To date, the Company has invested over US $ 9.1 billion in projects in 35 African countries.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release does not constitute an offer to purchase any securities. The securities to be offered under the Offer have not been and will not be registered under the United States Securities Act of 1933, as amended, or any national securities laws and may not be offered or sold in the United States or to, or for the benefit or account of a United States person, except under an available exemption from these registration requirements.

Caution regarding forward-looking statements
With the exception of the statements of historical fact contained herein, the information presented constitutes “forward-looking statements” within the meaning of certain securities laws and is subject to significant risks, uncertainties and assumptions which could cause actual results of the company differ materially from forward-looking statements. These forward-looking statements, including, but not limited to, the ability of the Company to fully finance the Project, to bring the Project into service or to produce gold from the Project, and the use of the proceeds. The words “may”, “could”, “should”, “would”, “suspect”, “foresee”, “believe”, “anticipate”, “estimate”, “expect”, “intend” , “Plan”, “Target” and similar words and phrases are used to identify forward-looking information. The forward-looking information contained in this press release describes the Company’s expectations as of the date of this press release and, therefore, is subject to change after this date. Readers should not place undue importance on forward-looking information and should not rely on such information as of any other date. Although the Company may choose to do so, it does not undertake to update this information at any given time.


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