Torex Gold Resources Inc. provided results from the 2023 exploration drilling program at Media Luna West. The drilling results support the Company's strategy to further prove up the potential of the Media Luna Cluster and unlock additional near-mine opportunities in order to enhance the future production profile of the Morelos Complex and extend the reserve life beyond 2033. Highlights: Media Luna West is an earlier stage exploration target located in close proximity to the Media Luna and EPO deposits as well as existing and planned infrastructure associated with the Media Luna Project, including the Guajes Tunnel.

Several holes drilled as part of the 2023 program returned mineralized intercepts including ML23-986A which returned an impressive 29.76 grams per tonne gold equivalent (?gpt AuEq) over an interval of 14.10 metres (?m?) including 27.50 gpt gold (?Au?), 27.9 gpt silver (?Ag?), and 1.20% copper (?Cu?). This hole was drilled approximately 200 m north of historic drill hole MLW-02 (results published on December 14, 2012) which returned intercepts of 4.11 gpt AuEq over 37.30 m and 10.41 gpt AuEq over 9.05 m, and 50 m west of historic drill hole MLW-04 (results published on October 19, 2012) which returned an intercept of 7.26 gpt AuEq over 20.32 m. 2023 EXPLORATION DRILLING PROGRAM AT MEDIA LUNA WEST: A total of seven holes (excluding three mother holes) and 9,722 m were drilled as part of the 2023 exploration drilling program at Media Luna West. The purpose of the program was to provide continuity to historical drilling carried out at Media Luna West based on the structural architecture and orebody knowledge acquired from the comprehensive drilling at the nearby EPO deposit since 2022.

Assay results from all seven drill holes have been received. Two of the drill holes (ML23-965 and ML23-970A) intersected mineralization peripheral to the main feeder of the system where high-grade gold and copper mineralization was encountered (ML23-986A). The current distribution of the multiple intercepts confirms a north-south extension of more than 600 m with a width similar to the EPO deposit, which suggests Media Luna West could have a similar mineralized potential to that of EPO.

The exploration potential of this structural corridor is open to the north and is likely favored by intersecting with the swarm of east-west dykes that define the best mineralization trap within both the nearby Media Luna and EPO deposits. At the Company's Morelos Property all the Media Luna Project drill core is logged and sampled at the core facility within the project camp under the supervision of Jennifer Betancourt, Chief Exploration Geologist for the Media Luna Project. A geologist marks the individual samples for analysis and sample intervals, sample numbers, standards and blanks are entered into the database.

The core is cut in half lengthwise using an electric core saw equipped with a diamond tipped blade. One half of the core is placed into a plastic sample bag and sealed with zip ties in preparation for shipment. The other half of the core is returned to the core box and retained for future reference in the Company core shack with the assay pulps and coarse rejects.

The core samples are picked up at the project camp and delivered to Bureau Veritas ("BV") to conduct all the analytical work. Sample preparation is carried out by BV at its facilities in Durango, Mexico and consists of crushing a 1 kg sample to >70% passing 2 mm followed by pulverisation of 500 g to >85% passing 75 m. Gold is analyzed at the BV facilities in Hermosillo, Mexico following internal analytical protocols (FA430) and comprises a 30g fire assay with an atomic absorption finish. Samples yielding results >10 g/t Au are re-assayed by fire assay with gravimetric finish (FA530-Au).

Copper and silver analyses are completed at the BV facilities in Vancouver, Canada as part of a multi-element geochemical analysis by an aqua regia digestion with detection by ICP- ES/MS using BV internal analytical protocol AQ270. Overlimits for the multi-element package are analyzed by internal protocol AQ374.