Issue of Equity

Thor Mining PLC
03 May 2007

                                 THOR MINING PLC

                                ISSUE OF EQUITY


Dated: 3 May 2007



Thor Mining PLC, AIM, ASX: 'THR' ('the Company' or 'Thor'), the specialist
metals company focused on advancing tungsten-molybdenum and uranium projects in
the Northern Territory of Australia, announces today the issue of 908,333 new
ordinary shares of 0.3p each pursuant to the exercise of options at an option
price of 6 pence per share and the issue of 1,000,000 new ordinary shares of
0.3p each pursuant to the exercise of options at an option price of 8 pence per
share.


Following the issue of these new ordinary shares the Company's total issued
share capital will be 131, 927,528 ordinary shares. The new ordinary shares will
rank equally with existing ordinary shares and application has been made to the
London Stock Exchange for the new ordinary shares to be admitted to trading on
AIM. Dealings are expected to commence at 8.00 a.m. on Friday 4 May 2007.



Enquiries:


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

John Simpson        020 7512 0191        ARM Corporate Finance Ltd           Nominated Adviser


Leesa Peters        020 7429 6600        Conduit PR Limited                  Public Relations

        or

Jos Simson          020 7429 6603


Nicolas Read        + 61 (0) 8 9388 1474 Read Corporate                      Public Relations/
                                                                             Australia




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.


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