Ms. Jody Kuzenko reports

TOREX GOLD RELEASES 2024 RESPONSIBLE GOLD MINING REPORT

Torex Gold Resources Inc. has released its 2024 responsible gold mining report titled "Building from Strength," the company's 10th annual disclosure of its safety, environmental, social and governance performance. The report can be found on the company's website. (All amounts are expressed in U.S. dollars unless otherwise stated.)

Jody Kuzenko, president and chief executive officer of Torex, stated: "The theme of this year's report, Building from Strength, reinforces that responsible mining is one of the key elements that makes us strong as a company -- it is at the core of who we are and will continue to define us as we build the future of our operations in Mexico and beyond. As the largest gold producer in Mexico, we have a heightened sense of responsibility to demonstrate what good looks like when it comes to mining responsibly and showcasing the lasting and positive impact mining can have on people and the planet."

"Amid the many positive and inspiring stories contained in the report, 2024 was marked with profound tragedy with the loss of two employees and two contractor employees in two separate workplace incidents. As we look toward the future, we are more resolved than ever to reset the bar on safety leadership and reestablish our reputation as one of the safest operators in the industry."

2024 responsible gold mining report highlights:

• Achieved full conformance with the World Gold Council Responsible Gold Mining Principles (RGMPs) and the International Cyanide Management Code (ICMC);
• Zero reportable environmental incidents or spills;
• 99 per cent employees from Mexico, with 67 per cent from Guerrero state and 41 per cent from local communities;
• Continued implementation of the company's community development agreements (CODECOPs) in partnership with 11 host communities, with $3.5-million directly invested in community development and infrastructure projects;
• 92 per cent of procurement expenditures of $929-million spent in Mexico;
• 58 per cent water usage recycled;
• 60 per cent non-mineral waste recycled;
• Company featured in pilot episode of World Gold Council documentary Gold: The Journey Continues, with approximately six million views to date;
• Continued improvement in scoring from key ESG ratings agencies.

The company's 2024 responsible gold mining report was prepared with reference to the Global Reporting Initiative (GRI) standards and the Sustainability Accounting Standards Board (SASB) Metals and Mining Sustainability Accounting Standard. It also includes energy and climate-related data aligned with the phase 1 recommendations of the Task Force of Climate-Related Financial Disclosure (TCFD), and water-related data that conform with the Water Stewardship Framework established by the International Council on Mining and Metals (ICMM).

About Torex Gold Resources Inc.

Torex Gold Resources 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 producing Media Luna underground, ELG underground and ELG open-pit mines, the development-stage EPO underground 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: deliver Media Luna to full production and build EPO; optimize Morelos production and costs; grow reserves and resources; disciplined growth and capital allocation; retain and attract best industry talent; and industry leader in responsible mining. In addition to realizing the full potential of the Morelos property, the company is seeking opportunities to acquire assets that enable diversification and deliver value to shareholders.

We seek Safe Harbor.