Thor Explorations hits mineralization below Segilola Open Pit

Vancouver, British Columbia--(Newsfile Corp. - August 6, 2026) - Thor Explorations Ltd (AIM: THX) (TSXV: THX) (" Thor " or the " Company ") is pleased to announce that its ongoing diamond drilling program beneath the current Segilola Gold Mine (" Segilola " or the " Project ") open pit continues to intersect high grade gold mineralisation which remains open at depth.

Significant drill intersections from the program include:

Drillhole SNMDD089 - 19.4 metres (" m ") at 3.01 grammes per tonne of gold (" g/t Au ") from 346m

Drillhole SNMDD166 - 5.3m at 5.66g/t Au from 300m

Drillhole SNMDD171 - 2m at 9.27g/t Au from 420m

Drillhole SNMDD170 - 3.4m at 7.58g/t Au from 289m

Drillhole SNMDD178 - 1.2m at 11.31g/t Au from 288m

Drillhole SNMDD179 - 2.1m at 3.02g/t Au from 296.9m and 3.3m at 5.99 g/t Au from 307.7m and 5.5m at 2.28g/t Au from 312m

Segun Lawson, President & CEO, stated

"We are extremely pleased to report these drill results which demonstrate the continuation of high-grade mineralisation beneath the Segilola pit and continue to contribute new ounces to Segilola' s gold inventory well below the current pit design. We are also encouraged that our drilling continues to delineate a high grade steeply dipping shoot in a previously untested area which currently extends to 400m beneath the pit and remains open.

"This has been an extensive drilling program which will continue through the course of the year as we work towards making an underground mining development decision. I am particularly pleased with our growing understanding of the structural controls of the mineralisation, which has been a challenging aspect of this drilling program.

"Our drilling has intersected multiple strong intercepts which include grades between 5 and 11 g/t gold at mineable widths, encountered hundreds of metres below the surface of the final open pit. This provides a strong platf