Majority of Torex Workers at Elg MINE Vote to Return to Work

Corporate Office: 130 King St. West, Suite 740, Toronto, ON M5X 2A2, Canada – Tel. (647) 260 1500 Fax (416) 304-4000

www.torexgold.com

MAJORITY OF TOREX WORKERS AT ELG MINE VOTE TO RETURN TO WORK

TORONTO, Ontario, December 15, 2017 - Torex Gold Re sources Inc. (the “Company” or “Torex”) (TSX:TXG) is

encouraged to report that a majority of its employees have voted to return to work immediately. The Company

organized an off-site vote yesterday for its 520 employees that are eligible to join a union. The purpose of the vote was

to give union eligible employees an opportunity to speak for themselves in a safe and independent environment.

Since early November, the ELG Mine site employees and the Company have been the victims of an illegal blockade

by Los Mineros, the raiding union that doesn’t legally represent workers and has co-opted their voices. Despite not

being able to operate for the past six weeks, the Company has continued to pay the salaries of all the employees, with

the exception of the small minority that have participated in the blockade.

During the vote, unionized employees were asked if they wanted the illegal blockade lifted immediately so they can

return to work. In the end, the vote was overwhelmingly (99%) in favour of lifting the blockade immediately. 274 of the

520 voters were able to attend and vote. The Company could not send buses to the communities that are behind the

blockades. The Company believes the numbers able to attend the vote, would have been much higher if it were not for

Los Mineros intimidation of local employees. An example of such intimidation, was the stopping of a vehicle that was

taking employees from behind the blockade to the vote. Employees on the vehicle were told to get out of the vehicle.

They did, and walked home.

Again, the Company’s priority was to ensure employees could be heard in a safe environment, free from intimidation

or threats. The vote was by a secret ballot that was supervised by Notary Publics, who also supervised the admission

process. Only union eligible workers were allowed into the facility where the vote was held, they were vetted through

formal identification and photographs. There was no management present beyond the admission process, nor were

non-employee union representatives present. As each employee was cleared to enter the facility, they were given their

ballot and were directed to the voting booths. After all employees had voted, they proceeded to an auditorium. The

Notary Publics, then opened the ballot boxes in front of all employees and conducted the count, which showed 99% of

the votes in favour of lifting the blockade immediately. The employees then repeated the voting process through a

show of hands. The entire process was videotaped for purposes of validity and accuracy.

Staff employees, on their own initiative, also held a vote yesterday, on the same question. Initial reports of the result

of their vote, is unanimous support in favour of lifting the blockade. These results will be confirmed later today, by the

Notary Publics.

Fred Stanford, President and CEO of Torex stated: “Our thanks go out to the hundreds of individuals who have stepped

up and publicly illustrated that the Company is making a meaningful contribution to society and that they are proud to

be a part of that journey. With such an overwhelming show of support by our employees through this vote, we hope

Los Mineros will remove its illegal blockade and let workers get back to work so that they can provide a good Christmas

for their families. It is now clear that Los Mineros does not speak for our union eligible employees, who do not want

their disruptive presence through the continuation of the blockade.” He added, “If Los Mineros, and their supporters,

UNIFOR, and USW, are not legitimately speaking for our union eligible employees then presumably they are speaking

for someone else. We assume they are speaking for themselves, and their political agendas in the Mexican federal

presidential election and in the NAFTA negotiations. We would hope that these outside unions keep their political

actions to the political arenas, and let the employees get on with their lives and go back to work. If Los Mineros, USW

and Unifor truly care for these workers, then they will honour the workers’ vote and immediately lift the blockades, and

limit political activity to political arenas.”

Torex Gold Resources Inc.

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Corporate Office: 130 King St. West, Suite 740, Toronto, ON M5X 2A2, Canada – Tel. (647) 260 1500 Fax (416) 304-4000

www.torexgold.com

As the Company has said all along, it is committed to the legal process that allows eligible employees to select between

competing unions through a secret ballot process. The first meeting in that process was on December 13th. The purpose

of the meeting was to establish a date for the secret ballot, so that the union representation question could be resolved

through a vote by union eligible employees. The Los Mineros union that started the illegal blockade, and submitted

the paperwork to start the legal union selection process, now appears uncomfortable with the process. On December

13th, they asked for a delay until January 30 th, 2018, of the decision to establish a vote date. Apparently, they are

oblivious to the fact that this delay negatively affects thousands of workers and their families, unless the blockade is

lifted immediately and the union selection vote proceeds as a separate process.

If the blockade continues in spite of the workers’ vote, the Company will not be able to continue to compensate

employees in Mexico, beyond December 15 th, 2017, with the exception of a small crew to provide security oversight

and other essential duties. This unfortunate reality has been previously communicated to employees and the

appropriate documentation has been filed with the Mexic an Labour authorities. The fact is, that the well-being of

thousands of people and their families, is dependent on the immediate removal of the blockade by either Los Mineros,

or by the authorities.

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 ar ea 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, the Sub-Sill Project, currently under development, and the

Media Luna Project, an early stage development project for which the Company issued a preliminary economic

assessment (PEA) in 2015. The property remains 75% unexplored.

Contact Information:

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] E m a i l : [email protected]

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

This press release contains “forward-looking statements” and “forward-looking information” within the meaning of

applicable Canadian securities legislation. Notwithstanding the Company’s efforts, there can be no guarantee that the

Company will not face unforeseen delays or disruptions in re-starting operations. Forward-looking information also

includes, but is not limited to, the availability of the gove rnment sanctioned process to resolve the labour dispute,

including the vote to elect the union, the outcome of such process, the ab ility to end the blockade and re-start

operations, the time period to re-start operations in the event the blockade ends, the prospect that operations may

again be shut down and the circumstances of such shut down, the suspension of salaries. Generally, forward-looking

information can be can be identified by the use of forward-looking terminology such “purpose”, “budgeted”, “scheduled”,

“potentially”, “proposed”, “pending”, “contemplates”, “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes”,

or “subsequent” or variations of such words and phrases or state that certain actions, events or results “may”, “could”,

“would”, “might”, “will” or “will be taken”, “occur”, or “be achieved”. Forward-looking information is subject to known and

unknown risks, uncertainties and other fact ors that may cause the activities of the Company to be materially different

from those expressed or implied by such forward-looking in formation, including, without limitation, those risk factors

identified in the Company’s annual information form and management’s discussion and analysis. Forward-looking

information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light

of its experience and its perception of trends, current cond itions and expected developments, as well as other factors

that management believes to be relevant and reasonable in the circumstances at the date that such statements are

made, but which may prove to be incorrect. Although the Company believes that the assumptions and expectations

Torex Gold Resources Inc.

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Corporate Office: 130 King St. West, Suite 740, Toronto, ON M5X 2A2, Canada – Tel. (647) 260 1500 Fax (416) 304-4000

www.torexgold.com

reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking

information because the Company can give no assurance that such expectations will prove to be correct. There can

be no assurance that such information will prove to be accurate, as actual results and future events could differ

materially from those anticipated in such information. The Company does not undertake to update any forward-looking

information, except in accordance with applicable securities laws.