Torex Delivers Very High Grade Sub-Sill ORE to the Processing Plant
Corporate Office: 130 King St. West, Suite 1502, Toronto, ON M5X 2A2, Canada – Tel. (647) 260 1500 Fax (416) 304-4000
www.torexgold.com
TOREX DELIVERS VERY HIGH GRADE SUB-SILL ORE TO THE PROCESSING PLANT
TORONTO, Ontario, June 21, 2017 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) is pleased to announce that,
on schedule, the Sub-Sill Access Ramp has entered into the high grade mineralization at its Sub-Sill underground deposit associ ated
with its El Limon-Guajes Mine in southwest Mexico. The first 260 tonnes of ore from the Sub-Sill were delivered to the processi ng plant
yesterday. A random sample from each truck load of ore from this first ‘round’ into mineralized Sub-Sill skarn, returned an av erage
grade of 98 g/t Au.
Fred Stanford, President & CEO of Torex stated: “Going from discove ry to first tonnes processed in less than eight months is a
testament to the planning ability and the execution skills of our team. The quality of the asset speaks for itself. Infill an d step-out
exploration drilling programs for the Sub-Sill are ongoing. A mine plan is expected to be published after the infill drill pro gram is
completed, the resource estimate is updated, and a maiden Sub-Sill reserve is determined. This is all scheduled to occur by th e end of
the year.”
The technical information in this news release was reviewed and approved by Victor A Barua, AUSIMM member and an employee of
the Company, who is a “qualified person” under NI 43-101.
Torex is an emerging intermediate gold producer based in Canada, engaged in the exploration, development and operation of its 1 00%
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 announced commercial production in Ma rch
of 2016 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] E m a i l : [email protected]
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This press release contains “forward-l ooking statements” and “forward-looking information” within the meaning of applicable Can adian securities
legislation. Notwithstanding the Company’s efforts, there can be no guarantee that the Company will not face unforeseen delays or disruptions.
Forward-looking information includes, but is not limited to, information with respect to the drill program for the El Limon Sub-Sill area, the expectation
of upgrading the El Limon Sub-Sill mineral resource, plans for mine planning, determining a mineral reserve and an additional s tep out drilling
program, future exploration and development plans of the Company, and the potential for continued mining the El Limon Sub-Sill area. Generally,
forward-looking information can be identified by the use of forward-looking terminology su ch as “plans”, “indicates”, “expects”, “estimates”, “intends”,
“anticipates” or “believes” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, or
“will be taken”, “occur”, or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties a nd other factors that
may cause the actual results, level of activity, performance or ac hievements of the Company to be materially different from tho se expressed or
implied by such forward-looking information, including, without limitation, the risk associated with the variability of skarn d eposits, the risk that actual
results of current exploration and development acti vities will not achieve expectations and other risk factors identified in the Company’s annual
information form and management’s discussion and analysis. Forward-l ooking information is based on the reasonable assumptions, estimates,
analysis and opinions of management made in light of its experie nce and its perception of trends, current conditions and expect ed developments, as
well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such stateme nts are made, but
which may prove to be incorrect. Although the Company believes that the assumptions and expectations reflected in such forward- looking
information are reasonable, undue reliance s hould not be placed on forward-looking informa tion because the Company can give no assurance that
such expectations will prove to be correct. There can be no assu rance that such information will prove to be accurate, as actu al 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.