ASX Listing Rules Appendix 3B - New Issue Announcement Application for Quotation of Additional Securities and Agreement

Appendix 3B

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

New issue announcement,

application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and

documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12

Name of entity

Thor Mining PLC

ABN

121 117 673

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of +securities issued or to
be issued Ordinary shares / CDIs

2 Number of +securities issued or to be issued (if known) or maximum number which may be issued

Transfers of 20,000,000 AIM listed shares on the AIM Market of the London Stock Exchange to ASX listed CDI's, during the period 2 May 2015 to 10 June 2015.

3 Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid

+securities, the amount outstanding and due dates for

payment; if +convertible securities, the conversion price and dates for conversion)

This represents:

Transfer - transfers of 20,000,000 AIM listed

shares on the AIM Market of the London Stock Exchange to ASX listed CDI's, during the period 2 May 2015 to 10 June 2015.

+ See chapter 19 for defined terms.

Appendix 3B Page 1 01/08/2012

4 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?
If the additional securities do not rank equally, please state:
 the date from which they do
 the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
 the extent to which they do
not rank equally, other than in relation to the next dividend, distribution or interest payment

Yes.

5 Issue price or consideration N/A
6 Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets)

Transfer of 20,000,000 AIM listed ordinary shares on the AIM Market of the London Stock Exchange to ASX listed CDI's.

6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

Yes

6b The date the security holder resolution under rule 7.1A was passed

6 November 2014

6c Number of +securities issued without security holder approval under rule 7.1

N/A

6d Number of +securities issued with security holder approval under rule 7.1A

N/A

+ See chapter 19 for defined terms.

Appendix 3B Page 2 01/08/2012

6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

N/A

6f Number of securities issued under an exception in rule 7.2

N/A

6g If securities issued under rule
7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include the source of the VWAP calculation.

N/A

6h If securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements.

N/A

6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

Refer attached Annexure 1

7 Dates of entering +securities into uncertificated holdings or despatch of certificates

(a) Transfers: 2 May 2015 to 10 June 2015.

8 Number and +class of all

+securities quoted on ASX

(including the securities in section 2 if applicable)

+ See chapter 19 for defined terms.

Appendix 3B Page 3 01/08/2012

9 Number and +class of all

+securities not quoted on ASX

(including the securities in section 2 if applicable)

1,515,600,316

4,000,000

Ordinary Shares admitted to the AIM Market of the London Stock Exchange, as at 10 June

2015.

2.0 pence Unlisted Warrants expiring 21 June 2015. (Held by Associates).

602.00,0c0e0nt Unlisted Options expiring

27 September 2015. (Held by

Employees).

84,141,088

62,887,808

26,763,987

0.7428 cent unlisted options expiring 19 March 2016.

(Held by issuer of debt facility).

0.5963 cent unlisted options expiring 3 June 2016.

(Held by issuer of debt facility).

0.1 pence Unlisted Warrants expiring 22 September 2016. (Held by an Associate).

10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

No Policy

+ See chapter 19 for defined terms.

Appendix 3B Page 4 01/08/2012

Part 2 - Bonus issue or pro rata issue - Not Applicable

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34 Type of securities
(tick one)

(a)  Securities described in Part 1
(b) All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid,

employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35 If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities
held by those holders
36 If the +securities are +equity securities, a distribution schedule of the additional

+securities setting out the number of holders in the categories

1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over
37 A copy of any trust deed for the additional +securities

+ See chapter 19 for defined terms.

Appendix 3B Page 5 01/08/2012

Entities that have ticked box 34(b)

Number of securities for which

+quotation is sought

Class of +securities for which quotation is sought

Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted

+securities?

If the additional securities do not rank equally, please state:
 the date from which they
do
 the extent to which they participate for the next
dividend, (in the case of a trust, distribution) or interest payment
 the extent to which they do not rank equally, other
than in relation to the
next dividend, distribution or interest payment

Reason for request for quotation now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another security, clearly identify that other security)
Number and +class of all
+securities quoted on ASX (including the securities in clause 38)

+ See chapter 19 for defined terms.

Appendix 3B Page 6 01/08/2012

Quotation agreement

1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote

the +securities on any conditions it decides.

2 We warrant the following to ASX.

 The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.

 There is no reason why those +securities should not be granted +quotation.

 An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give thi s warranty

 Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.

 If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.

3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: .............................. Date: 11 June 2015 (Company Secretary)

Print name: Ray Ridge

== == == == ==

+ See chapter 19 for defined terms.

01/08/2012 Appendix 3B Page 7

Appendix 3B - Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for

+eligible entities

Introduced 01/08/12

Part 1

Rule 7.1 - Issues exceeding 15% of capital
Step 1: Calculate "A", the base figure from which the placement capacity is calculated
Insert number of fully paid ordinary securities on issue 12 months before date of issue or agreement to issue	(As at 10 June 2014) 1,703,559,855
Add the following: • Number of fully paid ordinary securities issued in that 12 month period under an exception in rule 7.2 • Number of fully paid ordinary securities issued in that 12 month period with shareholder approval • Number of partly paid ordinary securities that became fully paid in that 12 month period Note:	Issued as a result of the exercise of warrants Issued (12/6/14) 110,000 Issued (30/9/14) 300,223 Issued (15/10/14) 155,555 (all approved on 12 April 2013) Placement (8/7/14) 245,800,472 Placement (31/7/14) 354,199,528 (approved 31st July 2014) Acquisition 418,750,000 Convert Director Loans 96,685,082 (both issued 29/10/14 & both approved 31 July 2014) Remuneration (10/11/14) 66,308,276 (approved 6 November 2014) Placement (19/8/14) 46,388,888 (approved 6 November 2014)

+ See chapter 19 for defined terms.

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• Include only ordinary securities here - other classes of equity securities cannot be added • Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed • It may be useful to set out issues of securities on different dates as separate line items
Subtract the number of fully paid ordinary securities cancelled during that 12 month period	0
"A"	2,932,257,879
Step 2: Calculate 15% of "A"
"B"	0.15 [Note: this value cannot be changed]
Multiply "A" by 0.15	439,838,682
Step 3: Calculate "C", the amount of placement capacity under rule 7.1 that has already been used
Insert number of equity securities issued or agreed to be issued in that 12 month period not counting those issued: • Under an exception in rule 7.2 • Under rule 7.1A • With security holder approval under rule 7.1 or rule 7.4 Note: • This applies to equity securities, unless specifically excluded - not just ordinary securities • Include here (if applicable ) the securities the subject of the Appendix 3B to which this form is annexed • It may be useful to set out issues of securities on different dates as separate line items	Issued 22 October 2014 26,763,987 (Unlisted Options) Issued 28 November 2014 120,833,332
"C"	147,597,319

+ See chapter 19 for defined terms.

01/08/2012 Appendix 3B Page 9

Step 4: Subtract "C" from ["A" x "B"] to calculate remaining placement capacity under rule 7.1
"A" x 0.15 Note: number must be same as shown in Step 2	439,838,682
Subtract "C" Note: number must be same as shown in Step 3	147,597,319
Total ["A" x 0.15] - "C"	292,241,363 [Note: this is the remaining placement capacity under rule 7.1]

+ See chapter 19 for defined terms.

Appendix 3B Page 10 01/08/2012

Part 2

Rule 7.1A - Additional placement capacity for eligible entities
Step 1: Calculate "A", the base figure from which the placement capacity is calculated
"A" Note: number must be same as shown in Step 1 of Part 1	2,932,257,879
Step 2: Calculate 10% of "A"
"D"	0.10 Note: this value cannot be changed
Multiply "A" by 0.10	293,225,787
Step 3: Calculate "E", the amount of placement capacity under rule 7.1A that has already been used
Insert number of equity securities issued or agreed to be issued in that 12 month period under rule 7.1A Notes: • This applies to equity securities - not just ordinary securities • Include here - if applicable - the securities the subject of the Appendix 3B to which this form is annexed • Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained • It may be useful to set out issues of securities on different dates as separate line items	Nil
"E"	Nil

+ See chapter 19 for defined terms.

01/08/2012 Appendix 3B Page 11

Step 4: Subtract "E" from ["A" x "D"] to calculate remaining placement capacity under rule 7.1A
"A" x 0.10 Note: number must be same as shown in Step 2	293,225,787
Subtract "E" Note: number must be same as shown in Step 3	Nil
Total ["A" x 0.10] - "E"	293,225,787 Note: this is the remaining placement capacity under rule 7.1A

+ See chapter 19 for defined terms.

Appendix 3B Page 12 01/08/2012