WDR acquires Shareholding

Thor Mining PLC
30 April 2008

                                 THOR MINING PLC

       WESTERN DESERT RESOURCES ACQUIRES SUBSTANTIAL SHAREHOLDING IN THOR

Dated: 30 April 2008

Thor Mining PLC ('the  Company' or 'Thor'),  AIM,  ASX:  'THR',  the  specialist
metals company focused on advancing  tungsten-molybdenum and uranium projects in
the Northern Territory of Australia,  is pleased to announce that Western Desert
Resources  Limited  ('WDR') (ASX:  WDR),  an  exploration  company  operating in
Australia,  has acquired a substantial  shareholding in Thor and the Company has
appointed  Mick Billing,  Norman  Gardner and Michael Ashton to the board of the
Company (the 'New  Directors').  Thor believes this will assist in advancing the
development  of its  100%  owned  Molyhil  Tungsten  Molybdenum  Project  in the
Northern Territory ('Molyhil').

The transaction is a related party transaction under the AIM Rules for Companies
of the London Stock Exchange. Details of the transaction and the related parties
are set out below;

1.   WDR has  acquired  16  million  ordinary  shares  in Thor at 20  cents  per
     ordinary  share  and  5,000,000  options  at 5 cents  for  each  option  to
     subscribe for ordinary share in the share capital of the Company;

2.   Thor has today placed 9 million ordinary shares of 0.3p each in the capital
     of the  Company  (the  'Placing  Shares')  at 8 cents per  share  with WDR,
     conditional  on the  Placing  Shares  being  admitted to trading on AIM, to
     raise AUS$720,000.  The funds raised from the placing are to supplement the
     Company's working capital and ongoing development work at Molyhil;

3.   WDR have acquired their  shareholding in Thor as a long term investment and
     have no intention  of  disposing of or reducing  this holding in the medium
     term;

4.   Following the placing and the acquisition of the ordinary shares,  WDR will
     hold 25  million  ordinary  shares  and  5,000,000  options  in Thor.  This
     represents  approximately  16.7% of the issued share capital of the Company
     based on 149,468,949  ordinary  shares in issue  immediately  following the
     placing  and 12.8% of the issued  share  capital of the  Company on a fully
     diluted basis of 235,084,065 ordinary shares in issue, assuming all options
     and warrants are exercised;

5.   Mick Billing has been appointed  Non-executive  Chairman and Norman Gardner
     and Michael  Ashton have been appointed as  Non-executive  Directors of the
     Company.  Mick Billing and Norman Gardner are directors of WDR. All the New
     Directors have previous management expertise in mining operations;

6.   John Barr has resigned as Executive  Chairman and also as a Director of the
     Company with immediate effect.  John Barr received £8,000 in lieu of notice
     under his Service Agreement as a Director of the Company and AUS$100,000 as
     a redundancy  payment.  In addition £24,000 was paid on cancellation of the
     contract with  Kensington  Consulting  Pty Ltd who provided the services of
     John Barr as a consultant to the Company; and

7.   Thor  retains  the  services  of John  Young as a  Director  and CEO of the
     Company, Greg Durack as a Non-executive  Director and Damian Delaney as CFO
     and Joint Company Secretary.

     Transaction details and related party disclosures

     Shares acquired by Western Desert Resources Ltd               
                                                                        Related 
                                                                         Party 
     Vendor                                       AUD      Number         Note
     Batavia Mining Limited                 2,600,000  13,000,000          1
     TNG Limited                              210,000   1,050,000          2
     Mr M & Mrs J Smyth (Smyth Super          170,000     850,000          3
     Fund A/C)
     Bonsmith Pty Ltd (Bountiful A/C)           3,497      17,485          4
     Teas Nominees Pty Ltd (Smith Super
     Fund                                      46,503     232,515          5
     A/C)
     Other non related parties                170,000     850,000
                                          ----------- -----------
                                            3,200,000  16,000,000
                                          ----------- -----------

     Options acquired by Western Desert Resources Ltd

     Vendor                                       AUD      Number
     John W Barr                               64,167   1,283,333         1,2
     Neil Biddle                               66,666   1,333,333          6
     Staff and other non related              119,167   2,383,334
     parties                              ----------- -----------
                                              250,000   5,000,000
                                          ----------- -----------

1    John Barr is a director of Thor and a director of Batavia Mining Ltd
2    John Barr is a director of Thor and a director of TNG Ltd
3    Mark  Smyth  resigned  as  director  of  Thor  on 10  April  2008  and is a
     beneficiary of Smyth Super Fund
4    Terry Smith is a director of Batavia  Mining Ltd and a director of Bonsmith
     Pty Ltd
5    Terry Smith is a director of Batavia  Mining Ltd and a  beneficiary  of the
     Smith Super Fund
6    Neil Biddle is a director of Batavia Mining Ltd

Following the  transaction,  the Company  believes the related parties  detailed
below will hold the  following  ordinary  shares,  options  and  warrants in the
Company:


Related Party Holdings after Transaction       Shares      Options     Warrants

Batavia Mining Ltd                                  -            -    7,400,000
TNG Ltd                                        43,817                   216,445
Western Desert Resources Ltd               25,000,000    5,000,000            -
John Barr                                   1,095,379    2,250,000      444,799
Neil Biddle                                         -    2,250,000            -
Terry Smith                                   155,591            -     210,908-
John Young                                     74,446    5,000,000       38,039
Greg Durack                                    91,153    1,500,000       45,900
Damian Delaney                                107,692    1,500,000            -
Mark Smyth                                    533,333            -      691,666
Michael Billing                                48,000            -            -
Norman Gardner                                200,000            -            -
Michael Ashton                                483,007            -      248,164
Alistair Mackie                               496,417            -      253,209
David Cloke                                   100,000            -            -

John Young and Greg Durack the Directors of Thor, prior to the appointment of
the New Directors, excluding John Barr who is a director of Batavia Mining
Limited, consider having consulted with Blomfield Corporate Finance Limited,
that the terms of the transaction, which allow for the Company to benefit from
the expertise of the New Directors, are fair and reasonable insofar as the
shareholders are concerned.

The New Directors

Details of the New Directors are set out below:

Michael Billing, B Bus ASA, aged 55, Non Executive Chairman

Michael  Billing is an  accountant  with more than 30 years' of mining  industry
experience  in  company  secretarial,  senior  commercial,  and chief  financial
officer roles. Previous positions have included periods with Bougainville Copper
Ltd,  WMC  Resources  Ltd and  Multiplex  Mining.  He has been  involved  in the
evaluation of new mining operations and in the planning for and commissioning of
a number of  operations  including  gold and nickel  mines  around  Kambalda  in
Western Australia, and the Suzdal gold mine in north eastern Kazakhstan.  He has
had experience of corporate governance issues, debt and equity fund raising, and
project evaluation and feasibility  studies in Australia and elsewhere.  He is a
consultant to a number of companies  operating in these areas and is currently a
director  of  Western  Desert  Resources  Limited,  Southern  Gold  Limited  and
Australasia Gold Limited.

Michael Ashton, aged 55, Non-executive Director

Michael Ashton owns a timber manufacturing business,  Upper Murray Case Supplies
in Riverland South Australia.  He provides his products throughout Australia and
worldwide.  He has extensive  knowledge and  experience in the  exploration  and
mining  industries  He is a  shareholder  in  the  Titeline  Drilling  Group,  a
successful  exploration  drilling  company in Victoria  which has operations all
over  Australia as well as in Botswana and Zambia.  Previously,  Michael owned a
45% share of Gorey & Cole  Drillers  a  drilling  contracting  company  in Alice
Springs.

Norman Gardner, aged 48, Non-executive Director

Norman  Gardner  has  established  and is sole owner of a concrete  construction
business,  Kwikcon,  based  in  Alice  Springs.  The  business  operates  Tiltup
construction, concrete supply, and quarrying crushing and screening and has been
involved in  significant  mining  projects in the  Northern  Territories,  South
FAustralia,  and Western Australia,  including  development and operation of the
backfill  plant at the Granites Gold Mine.  He has an in-depth  knowledge of the
construction  requirements  of the  mining  industry  and  was  involved  in the
construction  phase of the following  mining  operations:  White Range gold mine
(Northern Territory),  The Granites gold mine (Northern Territory),  Tanami gold
mine (Northern  Territory)and  Ravensthorpe nickel (Western  Australia).  He has
also been  involved  in a number of  successful  property  developments.  He has
previous   involvement  in  putting  together  the  essential  components  of  a
successful  resource company's initial public offer and was the driving force in
bringing together the various parties to form Western Desert Resources  Limited.
His current directorships include Western Desert Resources Limited.

The  following  are  details  of all  current  and former  directorships  in the
previous five years held by Michael Billing, Michael Ashton and Norman Gardner:

Full Name: Michael Robert Billing:
Current Directorships                         Former Directorships
AUSTRALASIA GOLD LIMITED                      FLINDERS DIAMONDS LIMITED
CHALLENGER WEST HOLDINGS PTY LTD              SOUTHERN URANIUM LIMITED
CMH RESOURCES PTY LTD
GAWLER ARC HOLDINGS PTY LTD
INFERUS RESOURCES PTY LTD
MBB TRADING PTY LIMITED
NEW SOUTHERN MINING PTY LTD
RED DESERT MINERALS PTY LTD
SOUTHERN GOLD(ASIA) PTY LTD
SOUTHERN GOLD LIMITED
SOUTHERN MINING PTY LTD
SUNTHE URANIUM PTY LTD
THE AUSTRALIAN LAND COMPANY PTY. LTD
WDRFE PTY LTD
WESTERN DESERT RESOURCES LTD

There are no further  details to be disclosed under Rule 17 schedule 2 paragraph
(g) of the AIM Rules in relation to Michael Robert Billing.

Full Name: Michael Kevin Ashton:
Current Directorships                         Former Directorships
ASHTON                                        IMPROVED TIMBER PTY LTD

DRILLING SERVICES PTY LTD
HINCHI PTY LTD                                SOVEREIGN MINERALS PTY LTD
MICK ASHTON NOMINEES PTY LTD                  TENNANT CREEK GOLD (NT) PTY LTD
RED DESERT MINERALS PTY LTD                   WESTERN DESERT RESOURCES LTD
SOUTH EAST BINS & PALLETS PTY LTD
STUART MILL PTY. LTD
TITELINE DRILLING PTY LTD
TITELINE ENERGY PTY LTD
TITELINE MECHANICAL PTY LTD
TITELINE PROPERTY PTY LTD
TITELINE SERVICES PTY
UPPER MURRAY CASE SUPPLIES PTY LTD
VISION DE REVE PTY LTD
WDRFE PTY LTD
3 STATES PACKAGING PTY LTD

There are no further  details to be disclosed under Rule 17 schedule 2 paragraph
(g) of the AIM Rules in relation to Michael Kevin Ashton.

Full Name: Norman Wayne Gardner:
Current Directorships                         Former Directorships
BARRETA PTY. LTD                              EXACTMIX PTY LIMITED
DUSKFORM PTY. LIMITED                         TENNANT CREEK GOLD (NT) PTY LTD
GARDNER SUPERANNUATION NOMINEES PTY LTD
HINCHI PTY LTD
NWG NOMINEES PTY LTD
PENINSULA PUMPING CONTRACTORS PTY LTD
RED DESERT MINERALS PTY LTD
REMOTE CONTRACTING SERVICES PTY LTD
VICWA DEVELOPMENTS PTY LIMITED
WDR BASE METALS PTY LTD
WDR GOLD PTY LTD
WESTERN DESERT RESOURCES LTD

There are no further details to be disclosed under Rule 17 schedule 2 paragraph
(g) of the AIM Rules in relation to Norman Wayne Gardner.

The New Directors have not entered into service  agreements with the Company and
there are currently no intentions for them to do so.

Thor also intends to retain a majority of its current staff and  consultants  in
the medium term.  However,  a transfer of the  Australian  company  secretarial,
finance and administration  departments to Adelaide is expected over a period of
time.

Since the  withdrawal of Hunan Non Ferrous in 2007 Thor has examined and pursued
a number of options for the sale of all  proposed  concentrate  production  from
Molyhil  and also  the  financing  of the  capital  requirements.  Thor has made
presentations  to many  possible  partners,  and has also  attended  a number of
national and international mining conferences.

This  initiative  led to the signing of the CITIC  Australia  Pty Ltd  ('CITIC')
off-take agreement in March 2008. Unfortunately the current state of flux in the
international  debt and equities  market has  adversely  effected the raising of
capital for the development of Molyhil.

The New Directors  have proposed the  development of Molyhil using the Build Own
Operate and Transfer ('BOOT') strategy. Each of the New Directors has production
based experience and is well acquainted with operating in the Northern Territory
environment.

Proposals for the development of Molyhil

The New Directors  believe that a BOOT  strategy will deliver a better  economic
result for shareholders from Molyhil. This strategy will initially focus on:

Capital Cost - The intention  would be to reduce the capital cost  substantially
in order to reduce both  shareholder  dilution and bankers  requirement to hedge
production. This would be achieved by a combination of the following.

Mining equipment - Mining activities should be carried out on a contract basis
rather than via a philosophy of directly purchasing mining equipment & employing
mining operators.

Power  supply  -  There  are a  number  providers  of  power  facilities  to the
Australian  mining  industry,  most of whom  provide & operate  the service at a
contracted rate per unit.

Mineral  processing plant - The New Directors are in discussion with an existing
contract  operator of mineral  processing plants in Australia with the objective
of that they will  construct  and operate  the plant at Molyhil on a  build/own/
operate  ('BOO') basis.  Capital savings from this approach could be significant
and the New Directors  believe that an  experienced  processing  plant  contract
operator will also reduce manpower during the production stage.

Civil  construction  - A  significant  portion of the  capital  cost of a mining
project  comes from civil  construction  costs.  These include road and airstrip
upgrades,  processing plant earthworks and concrete footings.  Much of this work
will be a direct  capital  cost to the  project  and will be  financed  by Thor.
Norman Gardiner has  substantial  experience in this field and the New Directors
believe  significant  savings could be made from the current estimates for civil
construction.

Prospects

The New  Directors  will pursue the following  prospects to enhance  shareholder
value:

Underground  potential - The New Directors  believe it is possible to extend the
Molyhil resource at depth and will accelerate  efforts to better define this and
plan for a subsequent underground mining phase. The current mining plan leaves a
substantial  portion of the resource in the ground,  and the New  Directors  are
prepared to contemplate underground mining to exploit this resource

Introduction of other projects - The New Directors objective is for Thor to have
a  life  well  beyond  that  of  the  Molyhil  mine.  They  will  actively  seek
opportunities  for  Tungsten  and  or  Molybdenum  projects,  in  Australia  and
elsewhere, including, but not restricted to, early exploration and evaluation of
the Hatches Creek tungsten project.

The Directors  believe today's  developments  advance the development of Molyhil
which has been a prime  motivation  for the Board  since it was listed on AIM in
2005.  The  Directors  are aware of the  dilutive  effect  of a major  equity or
convertible equity fund raising on existing  shareholders and believe that WDR's
proposals and the New Directors'  practical  experience  offer a more attractive
option which will benefit all shareholders.

The  changes do not  affect  the CITIC  off-take  agreement,  or Thor's  ongoing
exploration plans that have been previously announced.

Commenting on the change in board management, Thor's Chief Executive Officer, Mr
John A. Young, said:

'I greatly  appreciate  the  leadership  and support  received over the last few
years from Thor's founding and outgoing  Chairman John Barr and welcome WDR as a
substantial  shareholder and the New Directors to the board. I believe they will
bring  opportunities  and experience to Thor, during what is a difficult time in
the capital markets. The WDR proposals represent an exciting opportunity to take
Thor into the next stage of its evolution.'

Following  the issue of the Placing  Shares the  Company's  total  issued  share
capital will be 149,468,949  ordinary  shares.  Application has been made to the
London Stock  Exchange for the Placing  Shares to be admitted to trading on AIM.
Dealings are expected to commence at 8.00 a.m. on 7 May 2008.

Enquiries:

John Young        + 61 (0)419 954 020   Thor Mining PLC      Chief Executive
                                                             Officer

Damian Delaney    [phone]    Thor Mining PLC      Chief Financial
                                                             Officer

John Simpson      020 7512 0191         Blomfield Corporate  Nominated Adviser
                                        Finance Ltd                      




Updates on the  Company's  activities  are  regularly  posted on Thor's  website
www.thormining.com,  which  includes a facility  to  register  to receive  these
updates by email.


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