Thor Explorations Ltd. (TSXV:THX) acquired a 85% interest in Douta-West Licence in Senegal from Birima Gold SARL recently on April 3, 2024. Payment of $120,000 to Birima Gold SARL, payable in two equal tranches six months apart for an initial 70% interest o Free carry to Birima until the completion of a Preliminary Feasibility Study after which there is a contribute or dilute provision for Birima who will retain a 5% free carried interest should they choose not to contribute o The Government of Senegal will retain a 10% interest as per the Mining Laws of Senegal. In related transaction, Thor Explorations acquired an up to 80% interest in the Sofita Licence from Sofita Services & Logistiques.

Henry Fitzgerald-O'Connor, James Asensio, and Harry Rees of Cannacord Genuity Group acted as financial advisor to Thor Explorations.