Ms. Jody Kuzenko reports

TOREX GOLD TO RESTART OPERATIONS AND PROJECT ACTIVITIES AT THE MORELOS COMPLEX

The director-general of mines under the federal Ministry of Economy has lifted the temporary suspension notice and allowed for all activities within Torex Gold Resources Inc.'s Morelos complex to resume.

Jody Kuzenko, president and chief executive officer of Torex, stated: "Following notification that the temporary suspension has been lifted by the director-general of mines, all production and development activities at the Morelos complex will resume, including open-pit and underground mining, processing operations, and all activities associated with the Media Luna project. With the suspension lifted, our employees and contractor partners can get back to meaningful and productive work as we complete our own internal investigation.

"Full-year 2024 production guidance remains intact and is tracking towards the lower end of the guided range of 450,000 to 470,000 ounces of gold. The project schedule for Media Luna remains unchanged with the four-week processing plant tie-in period on track to commence in February, 2025.

"As we ramp up operations and work to conclude our Media Luna project, we will never forget the tragic loss of three of our colleagues at ELG underground and will work with strengthened resolve to ensure the safety and well-being of everyone in our workplace now and in the future."

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 El Limon Guajes 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: integrate and optimize the Morelos property; deliver Media Luna to full production; increase reserves and resources; disciplined growth and capital allocation; retain and attract best industry talent; and build on environmental, social and governance excellence.

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