Mr. Shawn Wallace reports

TORQ IMPLEMENTS CASH PRESERVATION MEASURES, ANNOUNCES BOARD AND MANAGEMENT CHANGES

Effective immediately, Torq Resources Inc. has implemented cash preservation measures, including an immediate 50-per-cent pay cut for all salaried North American senior executives, a deferral of those reduced salaries until a financing permits payment and a deferral of all directors cash compensation. The company will also effect reductions of all non-essential employees and contractors and intends to consolidate its Vancouver office operations into a combination of remote working and relocation to the Santiago offices, where the company's technical team, physical assets and exploration activities are centred.

Jeffrey Mason, director, and Michael Henrichsen, chief geological officer, have resigned their respective positions with the company, effective immediately, to pursue other business interests. The board would like to thank Mr. Henrichsen and Mr. Mason for their contributions over the years and wishes them success in their future endeavours. The company will not, in the near term, appoint a replacement chief geological officer given the strength of the Chilean technical team.

The company has also decided to drop its option on the Andrea project in order to focus and prioritize its capital allocation to its more advanced Margarita and the Santa Cecilia projects, where the latter is currently wrapping up its second exploration-focused drill program.

Shawn Wallace, chair and chief executive officer, commented: "We are undertaking these cash preservation measures, including reduction and/or deferral of executive and board compensation, while we explore financing options. The board is grateful for the support from executives and fellow board members, who are all committed to ensuring continued solid technical performance and value creation for shareholders. Mr. Wallace added: "I would like to thank Jeffrey and Michael, both personally and on behalf of the board, for their many contributions to the company over the last several years. Management and the board are working with the company's stakeholders as well as financial and other advisers and are considering which financing options may be the most accretive. We believe the exploration results achieved at both Margarita and Santa Cecilia are currently underappreciated and that financing will be obtainable in due course."

About Torq Resources Inc.

Torq is a Vancouver-based copper and gold exploration company with a portfolio of premium holdings 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.