Ms. Jody Kuzenko reports

TOREX GOLD ANNOUNCES COMPLETION OF REYNA SILVER ACQUISITION

Torex Gold Resources Inc. has completed the acquisition of Reyna Silver Corp. following approval of Reyna Silver shareholders on Aug. 11, 2025. Under the terms of the all-cash transaction, Torex paid approximately $26-million ($36-million (Canadian)) to acquire all of the outstanding common shares of Reyna Silver based on a price of 13 Canadian cents per share. (All dollar amounts are expressed in U.S. dollars unless otherwise stated.)

Jody Kuzenko, president and chief executive officer of Torex, stated:

"We are pleased to add four exciting, early-stage exploration properties to our portfolio, which we plan to advance systematically over the coming years. Since announcing the transaction, our team has been focused on integration efforts, including preparing and defining exploration programs, for the remainder of 2025 and 2026.

"We look forward to unlocking the potential of these assets using our Torex exploration system, which is a stage-gated framework designed to effectively advance projects from target selection to reserve definition. Coupled with the strength of our exploration team and the robust free cash flow generation we expect from our Morelos complex for the foreseeable future, we are well positioned to realize the full value of these properties and generate significant long-term value for our shareholders through this transaction."

Initial exploration programs in 2025 will focus on the 100-per-cent-owned Batopilas property (Chihuahua, Mexico), as well as the Gryphon property (Nevada), where the company can earn into an initial 70-per-cent interest. In 2026, exploration efforts will expand, with initial programs expected to be carried out at the 100-per-cent-owned Guigui property (Chihuahua, Mexico) and the Medicine Springs property (Nevada), where the company can earn into a 100-per-cent interest.

With the transaction closing, the company plans to invest approximately $500,000 in Batopilas through the remainder of 2025 to complete target definition work to determine the two best-ranked targets to be prioritized for future drill testing. At Gryphon, approximately $1.1-million will be invested in 2025 to advance target definition work and to conduct regional work across the broader property, including geochemistry, geophysics and remote sensing, to further define the geological setting.

About Torex Gold Resources Inc.

Torex Gold is a Canadian mining company engaged in the exploration, development and production of gold, copper and silver from its flagship Morelos complex in Guerrero, which is currently Mexico's largest single gold producer. The company recently acquired a portfolio of early-stage exploration properties, including the Batopilas and Guigui projects in Chihuahua, Mexico, and the Gryphon and Medicine Springs projects in Nevada, and has also entered into a definitive agreement to acquire a 100-per-cent interest in Prime Mining's multimillion-ounce Los Reyes gold-silver project in Sinaloa, Mexico.

The company'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 to be an industry leader in responsible mining. In addition to realizing the full potential of the Morelos property, the company continues to seek opportunities to acquire assets that enable diversification and deliver value to shareholders.

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