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Dividend - Foreign Exchange Rate Confirmation

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04 November, 2025TSXV/AIM: THX

DIVIDEND - FOREIGN EXCHANGE RATE CONFIRMATION

Thor Explorations Ltd (TSXV / AIM: THX) ("Thor Explorations", "Thor" or the "Company") announces the foreign exchange rates that will be applied to its quarterly dividend which was announced on 14 October, 2025.

For shareholders that have elected to receive the quarterly dividend in Sterling or USD, the foreign exchange rates that will be applied are CAD$1:£0.5416 and CAD$1:US$0.7114. Accordingly, the Sterling and USD equivalents of the quarterly dividend are £0.00677 and US$0.008893 per Ordinary Share, respectively.

The Company also confirms that the quarterly dividend will be paid on 14 November, 2025.

THOR EXPLORATIONS LTD.

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