Torex Announces the Results of Its 2017 Meeting of Shareholders
TORONTO, Ontario, June 21, 2017 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces the results of its 2017 annual and special meeting of shareholders (the “Meeting”) held in Toronto, Ontario on June 21, 2017.
Item 1. Election of Directors
At the Meeting, all director nominees listed in the Company’s management information circular (the “Circular”) dated May 11, 2017, were elected as directors of the Company. The detailed results of the vote by ballot are as follows:
| Director | Vote Type | Number of Votes | Percentage of Votes |
| A. Terrance MacGibbon | For Withheld | 36,317,391 1,601,756 | 95.78 4.22 |
| Andrew Adams | For Withheld | 37,844,570 74,577 | 99.80 0.20 |
| James Crombie | For Withheld | 30,171,781 7,747,366 | 79.57 20.43 |
| Frank Davis | For Withheld | 37,899,860 19,287 | 99.95 0.05 |
| David Fennell | For Withheld | 37,063,140 856,007 | 97.74 2.26 |
| Michael Murphy | For Withheld | 34,101,581 3,817,566 | 89.93 10.07 |
| William M. Shaver | For Withheld | 37,802,348 116,799 | 99.69 0.31 |
| Elizabeth A. Wademan | For Withheld | 37,910,285 8,862 | 99.98 0.02 |
| Fred Stanford | For Withheld | 37,910,268 8,879 | 99.98 0.02 |
Item 2. Appointment of Auditor
By a vote by way of show of hands, KPMG LLP, Chartered Public Accountants, was re-appointed as auditors of the Company.
Item 3. Amendment and Reconfirmation of Shareholder Rights Plan
On a vote by ballot, a resolution was passed approving an amended and restated rights plan as described in the Circular.
| Votes For | % Votes For | Votes Against | % Votes Against |
|---|---|---|---|
| 35,374,207 | 93.29 | 2,544,940 | 6.71 |
- 2 -
Item 4. Executive Compensation
On a vote by ballot, a non-binding advisory resolution was passed accepting the approach to executive compensation disclosed in the Circular and delivered in advance of the Meeting.
| Votes For | % Votes For | Votes Against | % Votes Against |
|---|---|---|---|
| 36,825,621 | 97.12 | 1,093,526 | 2.88 |
The formal report on voting results with respect to all maters voted upon at the Meeting will be filed on SEDAR at www.sedar.com.
Torex is an emerging intermediate gold producer based in Canada, engaged in the exploration, development and operation of its 100% owned Morelos Gold Property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometers southwest of Mexico City. Within this property, Torex has the El Limón Guajes Mine, which announced commercial production in March of 2016 and the Media Luna Project, which is in an early stage of development, and for which the Company issued a preliminary economic assessment (PEA) in 2015. The property remains 75% unexplored.
For further information, please contact:
TOREX GOLD RESOURCES INC.
Fred Stanford Gabriela Sanchez President and CEO Vice President Investor Relations Tel.: (647) 260-1502 Tel.: (647) 260-1503 Email: [email protected] Email: [email protected]