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Thor Explorations completes amalgamation with Magnate Ventures

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Thor Explorations Ltd.

On September 1, 2009, Thor Explorations Ltd. (TSX VENTURE:THX) announced the completion of the amalgamation of Thor Explorations Ltd. ("Old Thor") and Magnate Ventures Inc. (NEX BOARD:MGV.H). Thor's common shares began trading the same day on the TSX Venture Exchange under the symbol "THX". Under the terms of the previously disclosed amalgamation agreement between Old Thor and Magnate, which was approved by Old Thor and Magnate shareholders on August 25, 2009, each common share of Old Thor was exchanged for 0.5 shares of Thor and each common share of Magnate was exchanged for 0.42 shares of Thor. Thor has 29,770,302 issued and outstanding common shares. Thor is a junior exploration company listed on the TSX Venture Exchange. Thor has a 100% interest in certain mineral claims in the Dawson and Mayo mining districts in Yukon. Thor was advised in this transaction by a team from Fasken Martineau led by Iain Mant and Andrey Schmidt.


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