Managing the Risks Associated with COVID-19
Corporate Office: 130 King St. West, Suite 740, Toronto, ON M5X 2A2, Canada – Tel. (647) 260-1500 Fax (416) 304-4000
www.torexgold.com
MANAGING THE RISKS ASSOCIATED WITH COVID-19
TORONTO, Ontario, March 17, 2020 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces that to
date, the Company has had no known or suspected cases of COVID-19 infection at the El Limón Guajes operation in Mexico,
or at the corporate office in Toronto. Production continues as per schedule, and Torex is focused on maintaining production and
protecting employees by keeping the virus away from the remote operation.
Fred Stanford, President & CEO of Torex, stated:
“Social distancing and health education play a key role in our effort to protect employees and surrounding communities. At the
corporate office, we have taken the pragmatic action of having employees work from home. At the operation, we have stopped
international travelers from coming to site. Social distancing efforts at site are being implemented, which includes isolating
delivery drivers. Aggressive cleaning of communal areas has also been ramped up. Education initiatives on infection prevention
have been extended to the surrounding communities.
“To protect the business, we have sourced the predictable critical supplies needed to operate for an extended period.
“The upcoming weeks promise to be worrisome for everyone, with health and economic concerns at the for efront of those
worries. The team approach, which has resulted in an ongoing safety performance of over 5.5 million hours worked without a
lost time injury, will be equally applicable in doing the right things to combat the spread of this virus. Staying safe, healthy, and
doing what we can to maintain economic security, will get us through these difficult times.”
Torex is actively monitoring events surrounding COVID-19 in both Mexico and Canada. The Company will follow the guidelines
outlined by the governments of both countries, as well as state, provincial, and local agencies in mitigating the risks associated
with COVID-19.
The Company also notes that some members of the Senior Management team have recently purchased Torex shares in the
open market, including Fred Stanford, President & CEO.
About Torex Gold Resources Inc.
Torex is an 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 kilometres
southwest of Mexico City. The Company’s principal assets are the El Limón Guajes mining complex (“ELG” or the “ELG Mine
Complex”), comprising the El Limón, Guajes and El Limón Sur open pits, the El Limón Guajes underground mine including
zones referred to as Sub -Sill and ELD, and the processing plant and related infrastructure, which commenced commercial
production as of April 1, 2016, and the Media Luna deposit, w hich is an early stage development project, and for which the
Company issued an updated preliminary economic assessment in September 2018 (the “Technical Report”). The property
remains 75% unexplored.
For further information, please contact:
TOREX GOLD RESOURCES INC.
Fred Stanford
President and CEO
Direct: (647) 260-1502
Email: [email protected]
Dan Rollins
Vice President, Corporate Development & Investor Relations
Direct: (647) 260-1503
Email: [email protected]
Torex Gold Resources Inc. Page 2
Corporate Office: 130 King St. West, Suite 740, Toronto, ON M5X 2A2, Canada – Tel. (647) 260-1500 Fax (416) 304-4000
www.torexgold.com
CAUTIONARY NOTES
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 does not have emp loyees who
have the COVID-19 infection or that the Company ’s measures to protect employees and surrounding communities from COVID-19 will be
effective. Forward-looking information also includes, but is not limited to, statements that the Company is focused on maintaining production
and protecting employees by keeping the virus away from the remote operation , plans to implement at the El Limón Guajes operation
measures, including social distancing and aggressive cleaning of communal areas , plans to extend e ducation initiatives on infection
prevention to the surrounding communities, expectation that the Company has sourced predictable critical supplies needed to operate for an
extended period, expectation that the Company’s team approach, which has r esulted in an ongoing safety performance of over 5.5 million
hours worked without a lost time injury, will be equally effective to combat the spread of this virus, the Company’s expectat ion that staying
safe, healthy, and doing what the Company can do to maintain economic security, will get the Company through these difficult times without
any material adverse effects, and the Company’s intention to follow the guidelines outlined by the governments of both countries, as well as
state, provincial, and local agencies in mitigating the risks associated with COVID-19. Generally, forward-looking information can be identified
by the use of forward -looking terminology such as "plans", "expects", "believes", “future” , or variations of such words and phrases or state
that certain actions, events or results “can”, "may", "could", "would", "might", "be achieved", “appears” or “ focus on ”. Forward -looking
information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information,
including, without limitation, the inability of the Company’s mining and exploration operations to operate as intended due to shortage of skilled
employees, shortages in supply chains, inability of employees to access sufficient healthcare, significant social upheavals, government or
regulatory actions or inactions, decreased demand or the inability to sell precious metals or declines in the price of precious metals, capital
market volatility, or other unknown but potentially significant impacts. Although the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause
results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual result s and future
events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward -
looking information. The Company does not undertake to update any forward -looking information, whether as a result of new informa tion or
future events or otherwise, except as may be required by applicable securities laws.