Appointing Executive Chairman & M.D. Retirement

Thor Energy plc ("Thor") (AIM, ASX: THR, OTCQB: THORF) is pleased to announce that Alastair Clayton, currently serving as Non-Executive Chairman, will transition to the role of Executive Chairman with immediate effect. This move is aimed at strengthening the executive capabilities of the Board and driving the corporate strategy of the Company. In addition, Nicole Galloway Warland has decided to retire from the Board with immediate effect. Pleasingly, Nicole has agreed to remain as a consultant to the Company for the foreseeable future to help execute the current drill programme at our Colorado Uranium Projects in the United States, as well as oversee our other projects in South Australia.

Alastair Clayton, Executive Chairman commented:

"I would like to sincerely thank Nicole for all her hard work over the last few years in executing the Company's investment strategy across our portfolio. It has been a pleasure to work with Nicole and I am very grateful to her for agreeing to assist with our upcoming work programme in the US. I look forward to updating shareholders with my vision for the Company in the near future."

It should be noted that Mr Clayton has agreed to accrue all directors' fees for a minimum period of six months. This arrangement will be reviewed and extended by mutual consent thereafter.

The Board of Thor Energy Plc has approved this announcement and authorised its release.

For further information on the Company, please visit the website or please contact the following:

Thor Energy PLC

Alastair Clayton, Executive Chairman

Ray Ridge, CFO / Company Secretary

Zeus Capital Limited (Nominated Adviser and Joint Broker)

Antonio Bossi / Darshan Patel / Isaac Hooper

SI Capital Limited (Joint Broker)

Nick Emerson

Yellow Jersey (Financial PR)

Dom Barretto / Shivantha Thambirajah / Bessie Elliot