Torq Terminates Margarita Project Option, Retains Adjacent Concession
TSX.V: TORQ | OTCQB: TRBMF 1400 - 1199 West Hastings Street, Vancouver, BC, Canada V6E 3T5
Torq Terminates Margarita Project Option, Retains Adjacent Concession
Vancouver, British Columbia, Canada – July 31, 2025 – Torq Resources Inc. (TSX -V: TORQ, OTCQB:
TRBMF) (“Torq” or the “Company”) announces it has elected to terminate the option to earn its interest
in the Margarita Project, Chile due to financial constraints and the Company’s increasing focus on the
US$48M Earn-in Option granted to Gold Fields on the Santa Cecilia copper/gold project.
The Company will continue to retain 100% interest in its La Cototuda concession which is surrounded by
Margarita and which the Company believes would be necessary for any future development of the
Margarita concessions. The concession is approximately 90 hectares and has minimal annual holding
costs and is free from any royalty burden. The Company has no material residual obligation relating to
Margarita. Capitalized accounting costs related to Margarita were previously written off and accordingly
this termination will have no material financial statement impact.
TSX.V: TORQ | OTCQB: TRBMF 1400 - 1199 West Hastings Street, Vancouver, BC, Canada V6E 3T5
Shawn Wallace, CEO and Chair states, “As we continue to focus our exploration efforts on new major
discoveries at Santa Cecilia, eliminating the projects with large option payment requirements is in the
best interest of our shareholders given our available resources.”
As stated in the press release July 07, 2025, the Company has completed its inaugural drill program
under the joint venture with Gold Fields at the Santa Cecilia project. All drill samples have been sent to
the laboratory and the company looks forward to sharing results once they become available.
ON BEHALF OF THE BOARD,
Shawn Wallace
CEO & Chair
Investor Relations
KIN Communications Inc.
604-684-6730
For further information on Torq Resources, please visit www.torqresources.com or contact the
company at (778) 729-0500 or [email protected].
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 explora tion assets and its
specialized technical team is recognized for their extensive experience working with major mining companies, supported by
robust safety standards and technical proficiency. The technical team includes Chile -based geologists with invalua ble local
expertise and a noteworthy track record for major discovery in the country. Torq is committed to operating at the highest
standards of applicable environmental, 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 in
this release includes statements that relate to the possibility that drilling will demonstrate the extension of favourable geological
structures. These statements involve known and unknown risks, uncertainties and other factors which may cause actual results,
performance or achievements of the Company to be materially different (either positively or negatively) from any future results,
performance or achievements expressed or implied by some of the principal forward -looking statements. See Torq’s Annual
Information Form filed April 29, 2024, at www.sedarplus.ca for disclosure of the risks and uncertainties faced in this business.
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.