Thor Advances to Exploration Drilling on the Central Hounde Project in Burkina Faso

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

Thor Explorations Ltd. ("Thor" or the "Company") (TSX VENTURE:THX) is pleased to
announce that the Company has identified four priority targets after the
successful completion of its first stage of work on the identified priority
areas of its Central Hounde Project (the "Project") in south-west Burkina Faso
and initiated an Exploration Drilling Campaign on these targets. The Exploration
Drilling Campaign is fully funded and will be the first opportunity to test the
grade and intervals of mineralisation on the property which has not been
explored with modern techniques before. This work represents Thor's progression
to its second stage of exploration on the Ouere East priority area.


The first stage of exploration at Ouere East included field mapping and soil and
rock geochemistry. The key findings from this work include:


Rock Sampling: results confirm the presence of gold mineralisation in selected
samples collected from artisanal mining areas with mineralisation hosted both
within quartz veins and wall rock. Of 787 rock samples taken, 25 samples grade
over 5.0g/t gold, with highest assays at 56g/t, 43g/t & 23g/t;(1)


Soil Sampling: Anomalous gold concentrations have been found in soils over a
strike length of 5km on the main north north east trend, which is open to the
south. Additional new gold anomalies represent new targets for follow up work;
and


Field mapping: At least three orientations of gold artisanal mining areas have
been recognised, evidenced through field mapping and rock sampling of the
artisanal areas. A variety of host rocks have been identified, dominated by
either meta-volcanic and volcaniclastic units or felsic intrusives. 


The high grades observed in the rock sampling exercise are encouraging signs of
mineralisation; however, it is important to note that these grades are unlikely
to be representative of in-situ mineralisation on mining dimensions. Further
information on the soil and rock programme can be found at the end of this
release. 


Exploration Drilling Exploration Campaign initiated

The Exploration Drilling campaign will involve drilling approximately 1,500 m of
Reverse Circulation ("RC") drilling on four priority targets. Targets have been
prioritised based on host rock geology, structural orientation and strike length
potential. The 1,500 m programme will include between 10 and 14 holes drilled to
a maximum depth of 150 m with the aim of developing an understanding of
mineralisation on the property. 


Thor has signed a contract with drill contractor Geodrill who are drilling on
competitor projects in West Africa, including similar projects in the Hounde
Belt. 


About the Hounde Greenstone Belt, south-west Burkina Faso 

The Hounde belt is host to the Semafo Mana Mine which has been in production
since 2009 and a number of recent gold discoveries. The recent exploration
discoveries by Semafo, Roxgold and Endeavour have average grades equal to or
over 2.5g/t gold and have been subject to resource upgrades in early 2013. An
overview of these new discoveries is tabulated below.




----------------------------------------------------------------------------
Company              Project     Indicated resources      Inferred Resources
                            ------------------------------------------------
                             Tonnage   Grade  Ounces Tonnage   Grade  Ounces
----------------------------------------------------------------------------
Semafo        Siou Sector(1)                           6.7Mt 4.62g/t 1.00MOz
----------------------------------------------------------------------------
Roxgold             55 Zone,                                                
                 Yaramoko(2)   1.3Mt 15.7g/t 0.68MOz   0.8Mt  8.9g/t 0.22MOz
----------------------------------------------------------------------------
Endeavour          Hounde(3)  15.8Mt  2.5g/t 1.28MOz   8.0Mt  2.6g/t 0.66MOz
----------------------------------------------------------------------------



Table 1: Competitor resources in the Hounde Greenstone belt, Burkina Faso. (1)
Semafo News Release dated February 21st 2013, (2) Roxgold Inc. News Release
March 4th 2013, (3) Endeavour Mining Corporation News Release dated January 22nd
2013. Note that Roxgold has applied a 3.0 cut-off grade, and Semafo and
Endeavour have applied a 1.0g/t cut-off grade to the resources stated above.


Cautionary Note: Minerals resources disclosed herein related to nearby
properties owned by other companies, have been extracted from those respective
companies' press releases. A qualified person has been unable to verify the
information regarding any resources within adjacent properties, and such
resources are not necessarily indicative of potential quantities or grades of
mineralization on the Company's own properties.


The "Central Hounde Project Location Map" showing the location of Thor's Central
Hounde Project and competitor resources within the Hounde Belt can be found on
the Company's website at the following link: www.thorexpl.com/s/Maps.asp.


Thor's Central Hounde Project 

Thor's Central Hounde Project is located approximately 100km along strike from
the recent discoveries mentioned above, within the same greenstone belt. Thor
commenced work on the Central Hounde Project in 2012 with regional exploration
and reconnaissance trips into specific areas of the permit group. This work
identified the Ouere East zone as the priority area for follow-up exploration.
The Ouere East zone is intersected by the regional north north east oriented
structure running along the Hounde belt, and was found to include a number of
artisanal workings over a 5 km by 1 km area. 


In late 2012, Thor initiated stage 1 of the exploration of Ouere East consisting
of selective rock chip sampling and mapping on the artisanal workings and
regional soil sampling over the area. Stage 1 aimed to understand the geology
and structure and to confirm gold mineralisation at the artisanal workings. 


Thor is now commencing stage 2 of the exploration plan of Ouere East with the
start of RC drilling. 


Future Exploration Focus

A successful Exploration Drilling Campaign will give Thor the required data to
advance to a more systematic drilling campaign on the most prospective targets.
Thor aims to release the results of its Exploration Drilling Campaign during
August 2013.


Segun Lawson, CEO of Thor commented;

"We are very pleased with these results which support our belief in the Central
Hounde Project. The Hounde Belt is one of the most exciting emerging greenstone
gold belts, with a number of recent exploration successes. We have a significant
exploration package in the centre of the Hounde Belt and have identified signs
of mineralisation over a significant proportion of our priority area. We are
focused on testing the potential of our targets at Ouere East, which is a very
exciting time for Thor." 


Soil and rock geochemistry programme

Rock samples were selected from waste dumps adjacent to artisanal mining pits
and consisted either of quartz rock targeted by artisanal miners, or wall rock
treated as waste by artisanal miners. A standard approach to rock and soil
sampling was taken. Results of the soil sampling exercise and the artisanal
workings are illustrated in the map "Ouere East soil sampling exercise",
available on the Company's website at the following link:
www.thorexpl.com/s/Maps.asp.


Rock and soil samples consisted of approximately 2 to 3 kg of material, which
were dispatched to the ALS Laboratory in Ouagadougou where samples were prepared
by fine crushing and pulverising. Rock samples were analysed by fire assay of a
50 g charge with Atomic Absorption Spectrometry finish, with a lower detection
limit of 0.01 g/t Au. Soils were analysed by Bulk Leach Extractable gold with
Atomic Absorption finish, with a lower detection limit of 0.001 g/t Au.


The soil and rock programmes were used only to guide further exploration and are
not suitable for use in resource modelling. As such, the Quality Assurance and
Quality Control (QAQC) procedures applied during sampling and assaying were kept
to a minimum. The QAQC results have been reviewed by Dr. Field who is a
Qualified Person under National Instrument 43-101. 


About Thor Explorations Ltd. 

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, and a 100% interest in
the Ouere gold permit in south west Burkina Faso. The three Burkina Faso permits
comprise the Central Hounde Project. Thor trades on the TSX Venture Exchange
under the symbol "THX".


Qualified Person

The scientific and technical information contained in this press release has
been reviewed by Dr. Matthew Field, Pr.Sci.Nat, who is a qualified person for
the purpose of National Instrument 43-101 and an employee of AMEC who have been
engaged by Thor Explorations Ltd. to provide advice on exploration data
collection and resource estimation. Dr. Field has not yet visited the Central
Hounde Project, but is due to do so in late June 2013. His knowledge of Thor's
property is limited to information supplied by Thor for review plus public
domain information relating to the adjacent properties referred to in this press
release.


THOR EXPLORATIONS LTD. 

Per: Segun Lawson, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


Cautionary Note Regarding Forward-Looking Statements

This press release may contain "forward looking statements" and "forward-looking
information" within the meaning of applicable Canadian securities legislation.
Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects", "estimates", "intends",
"anticipates" or "believes" or variations of such words and phrases or state
that certain actions, events or results "may", "could", "would", "might", or
"will be taken", "occur", or "be achieved". Forward-looking information is based
on the reasonable assumptions, estimates, intentions, analysis and opinions of
the Company made at the date that such statements are made. Forward looking
information is subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those expressed or
implied by such forward-looking information. Accordingly, readers should not
place undue reliance on forward-looking information. Any forward-looking
information contained herein is presented for the purposes of assisting
investors in understanding the Company's plans and objectives and may not be
appropriate for other purposes. The Company does not undertake to update any
forward-looking information, except in accordance with applicable securities
laws. 


Shares Outstanding: 91,108,113

(1) The rock samples were all grab samples taken from artisanal workings and
related waste dumps. These were taken in order to identify which lithologies
were mineralized and to provide an indication of mineralization styles. Further
work will be required to assess the true thickness of mineralization. 


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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