Thor Announces Closing of New Private Placement and Acquisition of Ouere Permit in Burkina Faso

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

Thor Explorations Ltd. (TSX VENTURE:THX) ("Thor" or the "Company") is pleased to
announce the closing of a non-brokered private placement as announced on April
30, 2013. Gross proceeds of $1,554,173 were raised pursuant to the private
placement and the Company intends to use the proceeds for exploration activities
and working capital purposes.


Under the terms of the private placement, the Company issued 9,713,583 common
shares ("Common Shares") at a price of $0.16 per Common Share. The Company will
pay $28,480 as finders' fees to third party finders. The Common Shares issued
pursuant to the private placement are subject to a 4-month hold period in Canada
expiring September 2, 2013. 


The Company is also pleased to announce that its wholly-owned subsidiary,
African Star Resources Incorporated ("African Star"), has entered into a
definitive share purchase agreement to acquire 100% of the issued and
outstanding shares of Argento Exploration BF SARL ("Argento BF"). Argento BF
holds a 100% interest in the Ouere gold permit, covering an area of
approximately 241 km2, and forms part of Thor's Central Hounde Project, located
within the Hounde belt, 260 km south west of the capital Ouagadougou, in western
Burkina Faso. The aggregate purchase price payable by African Star for 100% of
the issued and outstanding shares of Argento BF, is the sum of all amounts
funded by African Star from September 28, 2011 to closing of the acquisition and
an amount of $25,000 payable in cash to a 10% minority shareholder in Argento
BF. 


Thor Explorations Ltd. is a Canadian mineral exploration company engaged in the
acquisition, exploration and development of mineral properties located in
Senegal and Burkina Faso. Thor holds a 70% interest in the Douta Gold Project
located in southeastern Senegal. The Douta Gold Project lies within the Kenieba
Inlier which hosts significant gold resources and has attracted major
international mining companies. Thor also holds an 85% interest in the Bongui
and Legue gold permits located in Hounde greenstone belt, south west Burkina
Faso. Thor trades on the TSX Venture Exchange under the symbol "THX".


THOR EXPLORATIONS LTD. 

Segun Lawson, President & CEO

This press release does not constitute an offer to purchase securities. The
securities to be offered in the offering have not been and will not be
registered under the United States Securities Act of 1933, as amended, or any
state securities laws and may not be offered or sold in the United States or to,
or for the benefit or account of, a U.S. person, except pursuant to an available
exemption from such registration requirements.


Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, the information
presented constitutes "forward looking statements". Such forward-looking
statements, including but not limited to the use of the proceeds of the private
placement. Although the Company has attempted to identify important factors that
could cause actual results to differ materially, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements.


Shares Outstanding: 91,108,113 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Thor Explorations Ltd.
Investor Relations
778-373-0102
604-639-4670 (FAX)
info@thorexpl.com
www.thorexpl.com

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