Mr. Rick Howes reports

TOREX GOLD ANNOUNCES RESULTS OF ITS 2023 MEETING OF SHAREHOLDERS

Torex Gold Resources Inc. has released the results of its 2023 annual and special meeting of shareholders held virtually on June 20, 2023.

The meeting marked the reappointment of Rick Howes as chair of the board, as well as the re-election of seven current directors. Elizabeth Wademan, who has served on the Torex board for the past seven years, decided not to stand for re-election, in order to pursue other endeavours. Results of the meeting are set out herein.

Rick Howes, chair of the board of Torex, stated: "I am pleased with the re-election of directors and look forward to continuing to work with each of them. We have now completed a process that has been ongoing over the past three years to refresh, strengthen and diversify the competencies and skills of our board, and I have every confidence that we have the right group of individuals in place to provide the level of governance required to take Torex to the next level.

"I want to extend my sincere appreciation to Elizabeth Wademan, who has stepped down from the board of directors after seven years of outstanding service. I want to thank Elizabeth for her long-standing commitment to guide the growth and success of Torex over the years, and on behalf of the company, I wish her all the very best in her future endeavours."

Election of directors

At the meeting, all director nominees listed in the company's management information circular dated May 10, 2023, were elected as directors of the company. Detailed results of the vote by ballot are provided in an attached table.

Reappointment of auditor

On a vote by ballot, KPMG LLP was reappointed as auditor of the company.

Say-on-pay executive compensation

On a vote by ballot, a non-binding advisory resolution was passed accepting the approach to executive compensation disclosed in the circular and delivered in advance of the meeting.

The formal report on voting results with respect to all matters voted on at the meeting will be filed on SEDAR.

About Torex Gold Resources Inc.

Torex is an intermediate gold producer based in Canada, engaged in the exploration, development and operation of its 100-per-cent-owned Morelos property, an area of 29,000 hectares in the highly prospective Guerrero gold belt located 180 kilometres southwest of Mexico City. The company's principal asset is the Morelos complex, which includes the El Limon Guajes (ELG) mine complex, the Media Luna project, a processing plant and related infrastructure. Commercial production from the Morelos complex commenced on April 1, 2016, and an updated technical report for the Morelos complex was released in March, 2022. Torex's key strategic objectives are to extend and optimize production from the ELG mining complex, derisk and advance Media Luna to commercial production, build on ESG (environmental, social and governance) excellence, and grow through continuing exploration across the entire Morelos property.

We seek Safe Harbor.