Mr. Fred Stanford reports

TOREX CONTINUES TO EXPAND THE STRIKE LENGTH OF THE GUAJES WEST DEPOSIT

Torex Gold Resources Inc.'s continuing drill program continues to verify the geological model of mineralization adjacent to the granodiorite intrusion at its Morelos gold project in Mexico. Step-out drilling results at its Guajes West deposit further confirm the continuation of high-grade mineralization along the intrusion to the northwest, in the direction of the Guajes East deposit. Main intercepts include 21.4 grams per tonne gold over 3.4 metres in borehole TMP-1146, 15.22 grams per tonne gold over 20.1 metres in borehole TMP-1213 and 3.01 grams per tonne gold over 15.2 metres in borehole TMP-1150. Step-out drilling to the southwest of the Guajes West deposit in the direction of the Balsas River returned intercepts that suggest for the first time a possible continuation of the deposit and that extend the known mineralized zone of the deposit by approximately 150 metres to the southwest.

"We are excited to see that the gap between Guajes West and Guajes East deposits is rapidly closing," said Fred Stanford, president and chief executive officer of Torex. "In addition, we are seeing for the first time results that suggest the possible extension of the Guajes West deposit to the southwest, in the direction of the Balsas River. This adds to the evidence that the mineralization continues along the main intrusion. We expect to continue our resource drilling program north of the Balsas River until the end of this year and look forward to meeting our internal goal of five million ounces of gold in the measured and indicated category by the time we announce our new resource estimate by the end of Q1 2012," he added.

Highlights for step-out drilling to the northeast of the Guajes West deposit are shown in the table.

BH               From         To   Interval         Au
ID                (m)        (m)        (m)      (g/t)

TMP-1146        85.76      89.12       3.36      21.38
               136.10     139.10       3.00       1.80
TMP-1147       135.20     151.00      15.80       1.02
               142.72     146.95       4.23       2.49
TMP-1150       124.28     139.50      15.22       3.01
               128.78     138.00       9.22       4.22
TPM-1198       101.84     138.55      36.71       1.34
               114.53     137.05      22.52       1.93
               152.27     159.00       6.73       2.49
               152.27     156.00       3.73       4.42
TMP-1205       131.00     164.65      33.65       1.17
               133.60     154.60      21.00       1.73
               151.60     154.60       3.00       4.84
TMP-1213        27.00      47.11      20.11      15.22

Highlights for step-out drilling to the southwest of the Guajes West deposit are shown in the table.

BH               From         To   Interval         Au
ID                (m)        (m)        (m)      (g/t)
 
TMP-1156        67.15      70.15       3.00       0.61         
TMP-1171        24.08      75.50      51.42       0.77          
                27.95      51.75      23.80       1.14 

Quality assurance/quality control

At the Morelos gold project, all of the analytical work is performed by SGS de Mexico SA de CV (SGS) in Mexico. Sample preparation is done at a dedicated sample preparation laboratory operated by SGS at the project site in Nuevo Balsas, Guerrero, Mexico. The Au analyses (fire assay with an atomic absorption or gravimetric finish) and multielement geochemical analyses are completed by SGS at its analytical facilities in Durango, Durango, Mexico. Torex has a quality assurance/quality control (QA/QC) program in place that includes 5 per cent each of the certified reference materials, blanks, field duplicates and preparation duplicates. The QA/QC program as designed has been approved by AMEC E&C Services Inc. and is overseen by Alejandro Kakarieka, vice-president of exploration for Torex.

The company follows strict QA/QC protocol measures in keeping with industry standards and regulatory reporting requirements. Jerry Snider, BSc, mining engineering, MBA, project manager of Torex, is the qualified person who has reviewed this news release and is responsible for the technical information reported herein, including verification of the data disclosed, the sampling, analytical and test data underlying the technical information.

Further information regarding the Morelos gold project is contained in the technical report effective Oct. 6, 2009, and entitled "Gleichen Resources Ltd., Morelos Gold Project, Guerrero, Mexico, NI 43-101 Technical Report."

We seek Safe Harbor.