REG - Thor Explorations Ld - DIRECTOR CHANGE

Thor ExplorationsAnnouncement

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RNS Number : 8698D  Thor Explorations Ltd  12 May 2026

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 May 12, 2026  TSXV/AIM: THX

 

 

DIRECTOR CHANGE

 

Thor Explorations Ltd. (AIM/TSX VENTURE: THX) ("Thor" or the "Company") is
pleased to announce the appointment of Mr. Bernard Swanepoel to its Board of
Directors (the "Board"), subject to the approvals of the TSX Venture Exchange.

 

Mr. Swanepoel is a South African mining executive who has spent 25 years of
his 40-year mining career in senior/executive management roles. Bernard
Swanepoel served as CEO of Harmony Gold from 1995 to 2007, during which the
company transformed into one of the world's largest gold producers. He has
served 11 years on the board of Sanlam Limited, 15 years on the board of
African Rainbow Minerals, and is Chairman of Manganese Metal Company. Bernard
also serves on the boards of Impala Platinum Holdings Limited, Zimplats, and
African Exploration Mining and Finance Corporation, while co-leading the
strategy consultancy THINKspiration.

 

Segun Lawson, President & CEO, stated:

"We are delighted to welcome Bernard Swanepoel to Thor's Board of Directors.
Bernard brings a wealth of expertise and experience built over 40 years in the
mining industry, which will further strengthen the Board at this critical
period as the Company prepares to build its second mine, transition to
underground mining at Segilola, and develop into a mid-tier gold producer. We
look forward to working with him in our team.

"On behalf of the Company, I would also like to take this opportunity to thank
again Mr Collin Ellison, who served as a non-executive director at Thor for
seven years over a very successful and transformational period in the
Company's history. Collin made a significant contribution to the Company
through a period of growth and development, where we completed construction of
the Segilola Gold Mine in Osun State, Nigeria, achieved commercial production,
and have since profitably and responsibly produced gold for four years. During
this time, we also fully repaid our senior debt facility with AFC, whilst
advancing our Douta Project in Senegal to the pre-feasibility stage of
development."

 

Additional Information (in accordance with Rule 17 and Schedule Two paragraph
(g) of the AIM Rules for Companies).

 

Zacharias Bernardus "Bernard" Swanepoel, age 65, is currently or has been a
Director of the following companies within the past five years:

 

 Current Directorships                                         Former Directorships
 Swahele Properties CC                                         Phakamisa Foundation Shelf 1 (Pty) Ltd
 Resources For Africa Investment Conferences (Pty) Ltd         Phakamisa Coal Consortium (Pty) Ltd
 TTP Silica Sands Holdings (Pty) Ltd                           SBI The Big Voice of Small Business
 RMW Properties (Pty) Ltd                                      Omnia Holdings Limited
 To The Point Growth Specialists Retail (Pty) Ltd              Cashcow (Pty) Ltd
 Pure Manganese (Pty) Ltd                                      Impala Bafokeng Resources Limited
 TTP Exploration (Pty) Ltd                                     Basil Read Mining Limited
 Swanepoel Ankole Stud (Pty) Ltd                               Manic Technology Holdings (Pty) Ltd
 Fire Sky Genetics (Pty) Ltd                                   Fire Sky Embryo Centre (Pty) Ltd
 Fire Sky Ankole (Pty) Ltd                                     To The Point Growth Specialists Consulting (Pty) Ltd
 TTP Gold (Pty) Ltd                                            TTP Coal Holdco (Pty) Ltd
 Bokamoso Gold (Pty) Ltd                                       Blue Rand Technology (Pty) Ltd
 African Exploration Mining And Finance Corporation (Pty) Ltd  Mac Africa Farms(Pty) Ltd
 Bilston Investments (Pty) Ltd                                 Soetmelksvlei Farms 6 (Pty) Ltd
 Impala Platinum Limited                                       Soetmelksvlei Farms 4 (Pty) Ltd
 Impala Platinum Holdings Limited                              Kingstonvale Farms 4 (Pty) Ltd
 Manganese Metal Company (Pty) Ltd                             Koppie Alleen Farms (Pty) Ltd
 Erf 1507 Morningside Ext 176 Homeowners Association           TTP Mining (Pty) Ltd
 To The Point Growth Specialists' Property (Pty) Ltd           Manic Copper Technology (Pty) Ltd
 To The Point Growth Specialists (Pty) Ltd                     TTP Marketing Co (Pty) Ltd
 To The Point Growth Specialists Investments 5(Pty) Ltd        Manic Technology Worx (Pty) Ltd
 To The Point Growth Specialists Investments 3 (Pty) Ltd       Ramco Energy (Pty) Ltd
 Green Dot Advisors (Pty) Ltd                                  To The Point Turnaround (Pty) Ltd
 Manganese Metals Holdings (Pty) Ltd                           TTP Management Services (Pty) Ltd
 Newshelf 1256 (Pty) Ltd                                       LMF STAHL Holdco (Pty) Ltd
 Zimplats Holdings Limited                                     Soetmelksvlei Farms 118 (Pty) Ltd
                                                               Manic Iron Consultancy (Pty) Ltd
                                                               K2019271122 (South Africa) (Pty) Ltd
                                                               Western Cape Silica Sands (Pty) Ltd
                                                               CFB Sands (Pty) Ltd
                                                               DHS Silica Sand (Pty) Ltd
                                                               TTP Phakamisa Coal (Pty) Ltd
                                                               Impala Canada Limited

 

About Thor

 

Thor Explorations Ltd. is a Canadian mineral exploration company engaged in
the acquisition, exploration and development of mineral properties located in
Nigeria, Senegal and Cote d'Ivoire. Thor holds a 100% interest in the Segilola
Gold Project located in Osun State of Nigeria. Mining and production commenced
at Segilola in 2021. Thor holds a 70% interest in the Douta Gold Project
located in south-eastern Senegal. Thor trades on the TSX Venture Exchange
under the symbol "THX".

 

For further information please contact:

 

Thor Explorations Ltd

Email: info@thorexpl.com

 

Canaccord Genuity (Nominated Adviser & Broker)

James Asensio / Henry Fitzgerald-O'Connor / Harry Rees

 

Tel: +44 (0) 20 7523 8000

 

Hannam & Partners (Broker)

Andrew Chubb / Matt Hasson / Jay Ashfield / Franck Nganou

 

Tel: +44 (0) 20 7907 8500

 

Yellow Jersey PR (Financial
PR)

Charles Goodwin / Shivantha Thambirajah

 

Tel:  +44 (0) 20 3004 9512

 

BlytheRay (Financial
PR)

Megan Ray / Said Izagaren

 

Tel: +44 207 138 3204

 

 

 

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