RNS Number : 8698D
Thor Explorations Ltd
12 May 2026
NEWS RELEASE
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR
DISTRIBUTION TO U.S. WIRE SERVICES
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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