Admission to AIM

Thor Mining PLC
29 June 2005

                              THOR MINING PLC

                       Admission to trading on AIM




Dated: 29 June 2005

Thor Mining PLC ('Thor' or the 'Company') was admitted to trading on AIM today,
29 June 2005, following a Placing of 81,675,000 new Ordinary Shares in share
capital of the Company at 2p per Share to raise approximately £1.4 million, net
of expenses.

Thor has been established as a mineral exploration and development company
focussed on advancing its molybdenum and tungsten projects in the Northern
Territory of Australia.

The principle project of the Company is the Molyhil molybdenum-tungsten deposit
in the Northern Territory. The Molyhil deposit has an indicated resource of
1,530,000 tonnes at 0.32% WO3 and 0.19% MoS2, and an inferred resource of
500,000 tonnes at 0.25% WO3 and 0.15% MoS2.

Following the successful Placing, Thor is scheduled to commence shaft sinking
and further detailed sampling on 4 July 2005 at its Molyhil molybdenum-tungsten
project in the Northern Territory to evaluate the head grade and mineralogical
characteristics of the deposits. Further details on the Company can be obtained
from its website: www.thormining.com.




Enquiries:


John Barr      00 61 418 912 885  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




                      This information is provided by RNS
            The company news service from the London Stock Exchange