Holding(s) in Company

Thor Mining PLC
21 February 2006



                                   THOR MINING PLC

                               Holding in Company



Dated: 21 February 2006


Thor Mining PLC (the 'Company') was notified on 20 February 2006 that City
Equities Limited had sold 7,410,000 Ordinary Shares of 1p each in the capital of
the Company (the 'Shares'). Following this transaction City Equities Limited now
holds 790,000 Shares, which no longer constitutes a notifiable interest in the
Company.




Enquiries:


John Barr          00 61 418 912 885  Thor Mining PLC            Executive Chairman

John Simpson       020 7512 0191      ARM Corporate Finance Ltd  Nominated Adviser

Abigail Singleton  020 7618 8534      Conduit PR                 Public Relations




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