Grant of Options

Thor Mining PLC
26 July 2005

                                THOR MINING PLC

                                GRANT OF OPTIONS

Date: 26 July 2005

On the 25 July 2005, the Company approved the granting of the following options
over Ordinary Shares of £0.001 in the capital of the Company to directors and
consultants to the Company.

                                 Number of 
Grantees                         Ordinary Shares     Option Period

John W Barr                      4,000,000           25 July 2005 - 15 June 2009
Neil G Biddle                    4,000,000           25 July 2005 - 15 June 2009
Cornerstone Advisors Pty Ltd     1,000,000           25 July 2005 - 15 June 2009
Pascal Geraths                   1,000,000           25 July 2005 - 15 June 2009

These options were granted at the closing middle market price on Friday 22 July
2005 of 3.75p.


Enquiries:

John Barr      [phone]  Thor Mining PLC             Executive Chairman
John Simpson   020 7512 0191    ARM Corporate Finance Ltd   Nominated Adviser
Amanda Harris  020 7618 8534    Conduit PR                  Public Relations


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