Torq Amends Financing Terms

TSX.V: TORQ | OTCQX: TRBMF 1630 – 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3

Torq Amends Financing Terms

Vancouver, Canada – February 15, 2022 – Torq Resources Inc. (TSX-V: TORQ , OTCQX: TRBMF) (“Torq” or the

“Company”) announces that it is has amended the terms of the C$5M non -brokered private placement announced

Feb. 1, 2022. The financing security will be a $0.75 unit consisting of a common share and a three -year share

purchase warrant, exercisable at $1.10. The warrant is subject to accelerat ed expiry if the common shares trade

above $1.75 for 20 consecutive trading days after the first 12 months. In all other respects, the previously

announced terms and conditions of the offering pertain to the amended offering.

ON BEHALF OF THE BOARD,

Shawn Wallace

Executive Chairman

For further information on Torq Resources, please contact Natasha Frakes, Vice President of Communications at

(778) 729-0500 or [email protected].

TSX.V: TORQ | OTCQX: TRBMF 1630 – 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3

About Torq Resources

Torq is a Vancouver-based copper and gold exploration company with a portfolio of premium holdings in Chile. The Company

is establishing itself as a leader of new exploration in prominent mining belts, guided by responsible, respectful and sustainable

practices. The Company was built by a management team with prior success in monetizing exploration assets and its

specialized technical team is recognized for their extensive experience working with major mining companies, supported by

robust safety standards a nd technical proficiency. The technical team includes Chile -based geologists with invaluable local

expertise and a noteworthy track record for major discovery in the country. Torq is committed to operating at the highest

standards of applicable environment al, social and governance practices in the pursuit of a landmark discovery. For more

information, visit www.torqresources.com.

Forward Looking Information

This release includes certain statements that may be deemed “forward -looking statements”. Forward -looking information is

information that includes implied future performance and/or forecast information including information relating to, or

associated with, exploration and or development of mineral properties. These statements or graphical information involve

known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the

Company to be materially di fferent (either positively or negatively) from any future results, performance or achievements

expressed or implied by such forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this release.