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Torex Announces Filing of Preliminary Base Shelf Prospectus

Financings

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

www.torexgold.com

Not for distribution to U.S. news wire services or dissemination in the United States.

TOREX ANNOUNCES FILING OF PRELIMINARY BASE SHELF PROSPECTUS

TORONTO, Ontario, January 17, 2018 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG)

announces that it has filed a preliminary short form base shelf prospectus with the Securities Commissions in each of

the provinces and territories of Canada, except Québec. The base shelf prospectus will allow Torex to make offerings

of up to $500 million of common shares, debt securities, subscription receipts, warrants and units (all of the

foregoing, collectively, the “Securities”) or any combination thereof. When final, the base shelf pro spectus will be

effective for a 25 month period. The specific terms of any offering of Securities, including the use of proceeds from

any offering, will be set forth in a shelf prospectus supplement. The Company has filed this base shelf prospectus to

maintain financial flexibility but has no immediate intentions to undertake an offering.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale

of these Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration

or qualification under the securities laws of any such jurisdiction.

About Torex

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 ann ounced commerc ial production in March of 2016; the Sub -Sill Underground Project currently under

development; 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]

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

This press release con tains “forward-looking statements” and “forward-looking information” within the meaning of applicable

Canadian securities legislation. Forward-looking information includes, without limitation, information with respect to the base

shelf prospectus becoming final and permitting the Company to offer Securities , how long the base shelf prospectus will be

effective, and the terms of any future offerings, including the use of proceeds from any offering, being set forth in a prosp ectus

supplement. Generally, forward -looking information can be identified by the use of terminology such as “plans”, “expects”,

“estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results

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

unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or

achievements to be materially different from those expressed or implied by such forward -looking information, including, without

limitation, risks related to the inability to realize resource and reserve estimates at anticipated recovery levels or at all,

assumptions underlying resource estimates being incorrect, and 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 perception of trends, current conditions and

expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the

date such statements are made. Although the Company has attempted to identify important factors that could cause actual

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

results to differ materially from those contained in 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 results and future

events could differ materially from those anticipated in such information. Accordingly, readers should not place undue relian ce on

forward-looking information. The C ompany does not undertake to update any forward -looking information, except in accordance

with applicable securities laws.