Mr. Shawn Wallace reports

TORQ ADVANCING DISCOVERIES IN 2024

Torq Resources Inc. has provided a summary of key activities and achievements over the past calendar year and a look ahead at what is to come in 2024. Torq kicked off this year with the completion of a financing of $5.3-million on Jan. 4, which will allow the company to initiate its second drill program at its flagship gold-copper project in Chile, Santa Cecilia, where it completed a successful inaugural drill program last year. The second half of 2024 will focus on advancing the Margarita iron-oxide-copper-gold project by expanding upon the multiple discoveries made in 2022/2023 through a phase IV drill program.

A message from Shawn Wallace, chief executive officer:

"We're starting off 2024 with a cashed-up treasury, discoveries on deck and the resolve to obtain additional high-quality exploration results that can move the needle. Over the last year we've made multiple discoveries, improved on the grade from a historical discovery and identified numerous highly prospective targets -- continually minimizing the speculative risk through exceptional results. We are working to keep this trend of success going into 2024, as we believe the increasing potential our projects demonstrate for significant new deposits in Chile is unmatched."

2023 highlights:

• Improved grade at Santa Cecilia: In Torq's inaugural drill program, the first comprehensive drilling on the project in over 30 years, it intercepted 557 metres (m) of 0.38 gram per tonne gold, 0.23 per cent copper and 56 parts per million molybdenum in wall rock at a depth of 442 m to 999 m. This intercept bottomed in grade and represented an 81-per-cent increase in the gold grade from historical drilling, indicating that Torq may be vectoring toward the higher-grade causative intrusion.
• Multiple new discoveries at Margarita: Further to the initial Falla 13 discovery made in 2022, Torq drilled two new discoveries in 2023, which included 42 m of 1.1 g/t gold and 0.48 per cent copper in sulphide mineralization on a structure parallel to Falla 13, and 132 m of 0.48 per cent copper in oxide mineralization on the southern portion of the project at the Cototuda target.
• Numerous highly prospective targets identified: Torq has created a pipeline of high-potential targets for drilling in 2024 at both its Santa Cecilia and Margarita projects. At Santa Cecilia, this includes undrilled porphyry targets with copper mineralization on surface within one to two kilometres of the Norte Abierto project, owned jointly by Newmont and Barrick. At Margarita, this includes a newly identified mineralized structure as well as burgeoning copper oxide structures that require further drilling.
• Financial strength: The company started off 2023 by putting a base shelf prospectus in place to allow for ease in raising capital and a few months later, in March, raised $6.26-million.
• Strategic support: Torq capped off the year by initiating an additional financing, which included participation from strategic investor, Gold Fields. The international mining company bolstered its initial investment ($15-million in 2022) with an additional $1.3-million in this latest financing, bringing its ownership position to 15.48 per cent.
• Industry recognition: Analyst coverage was officially initiated on Torq in August by Red Cloud Securities and continues from Beacon Securities.

2024 exploration plans

Torq will be announcing the drill plan for Santa Cecilia in the coming weeks, followed by the commencement of drilling at the project, which is expected in February. In addition, the company has been preparing a plan for the next phase of drilling at Margarita, which is expected to take place in the summer, following the Santa Cecilia drill program.

Upcoming event

In addition, the company will be exhibiting at the upcoming Vancouver Resource Investment Conference (VRIC) on Jan. 21 to 22 at the Vancouver Convention Centre, West. To meet with the team, you can visit booth No. 116. Torq will be presenting on the first day of the conference at 11 a.m. in workshop 4.

About Torq Resources Inc.

Torq is a Vancouver-based copper and gold exploration company with premium mineral projects in Chile. The company is establishing itself as a leader of new exploration in prominent mining belts, guided by responsible, respectful and sustainable practices. The company was built by a management team with prior success in monetizing exploration assets and its specialized technical team is recognized for their extensive experience working with major mining companies, supported by robust safety standards and technical proficiency. The technical team includes Chile-based geologists with invaluable local expertise and a noteworthy record for major discovery in the country. Torq is committed to operating at the highest standards of applicable environmental, social and governance practices in the pursuit of a landmark discovery.

We seek Safe Harbor.