Torex Gold Resources Inc. provided an update on the company's ongoing drilling program at ELG Underground. The ELG Underground exploration strategy is focused on expanding resources as well as extending and optimizing the life of ELG Underground well beyond 2026. Highlights: Infill drilling within ELG Underground continues to deliver outstanding results which support upgrading Inferred resources to the Indicated category.

Additionally, advanced exploration drilling following up on high grade intercepts previously identified yielded impressive results that highlight the potential to expand resources. The results reported confirm the associated structural corridors of the ELG Underground, including north-northwest (NNW) trends referred to as Sub-Sill, El Limón Sur, and El Limón West as well as a northeast (NE) trend referred to as El Limón Deep. El Limón Sur Trend: Drill hole LS-293 returned 20.74 grams per tonne gold equivalent (gpt AuEq) over 4.6 metres (m), being the first subsequent hole of a program at the El Limón Sur Deep zone post the previously reported high grade intercept from drill hole LS-220 (88.92 gpt AuEq over 14.5 m).

LS-293 confirms the continuity and extension of the high-grade gold mineralization at El Limón Sur Deep for another 100 m at depth; Advanced exploration drilling where the El Limón Sur Trend intersects the La Flaca fault returned multiple economic intercepts including 11.75 gpt AuEq over 22.9 m in LDUG-239, 11.55 gpt AuEq over 14.9 m in LDUG-290, 10.03 gpt AuEq over 14.4 m in LDUG-296, 11.71 gpt AuEq over 8.9 m in LDUG-277, 11.36 gpt AuEq over 8.7 m in LDUG-308, and 8.13 gpt AuEq over 12.4 m in LDUG-280. Given the results to date, this area represents a potential new mining front within ELG Underground; Resource delineation drilling below the northern wall of El Limón Sur open pit was successful in confirming and extending high grade mineralization outside of the current resource block model. Several holes returned notable intercepts, including 44.93 gpt AuEq over 8.2 m in LS-152, 28.50 gpt AuEq over 4.5 m in LS-149, 14.45 gpt AuEq over 14.0 m in LS-234, 11.38 gpt AuEq over 12.4 m in LS-272, and 11.37 gpt AuEq over 10.5 m in LS-276.

El Limón Deep Trend: Infill and step-out drilling continues to extend mineralization at depth, with notable high grade intercepts including 33.91 gpt AuEq over 9.1 m in LDUG-256 and 35.81 gpt AuEq over 4.8 m in LDUG-268. High grade mineralization appears to be related to the intersection of the La Flaca fault with the Sub-Sill Trend, highlighting the possibility to encounter higher-grade mineralization where the La Flaca fault intersects the other NNW-trending structural corridors. Sub-Sill Trend: Infill drilling returned high grade intercepts within the extension of the Sub-Sill zone including 19.45 gpt AuEq over 12.1 m and 21.32 gpt AuEq over 4.0 m in SST-312, and 23.32 gpt AuEq over 4.7 m in SST-313.

Additionally, two holes drilled 250 m north of the La Flaca fault encountered mineralization, opening the exploration potential for additional mineralization to the north. El Limón West Trend: Three drill intercepts encountered mineralization along the El Limón West Trend, indicating the potential for another new mining front within ELG Underground. Notable results included LS-287 with17.74 gpt AuEq over 5.4 m and 10.04 gpt AuEq over 13.4 m as well as LS-229 with 6.90 gpt AuEq over 3.4 m. These drill holes have extended the continuity of mineralization 100 m to the south as well as 100 m below the deepest hole drilled to date within this zone.