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Thor Mining PLC Quarterly Report January to March 2015

Molyhil NT
-  Revised feasibility study completed demonstrating robust economics
Pilot Mountain, Nevada USA
-  Exploration upside evaluation
Spring Hill NT
-  Acquisition of a further 49% interest takes Thor to 100%
Dundas WA
-  No work during the quarter
Outlook for June Quarter 2015
-  Continue discussions to secure project finance
-  Continue off-take discussions for balance of concentrate production
-  Develop plans for initial exploration phase
-  Continue to evaluate potential for profitable production
-  Aircore drilling program contingent upon available funds
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