Torex GOLD Announces Results of Its 2022 Meeting of Shareholders
For Immediate Release
TOREX GOLD ANNOUNCES RESULTS OF ITS
2022 MEETING OF SHAREHOLDERS
TORONTO, Ontario, June 22, 202 2 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG)
announces the results of its 2022 annual and special meeting of shareholders (the “Meeting”) held virtually
today.
The meeting marked the re-appointment of Rick Howes as Chair of the Board as well as the re-election of seven
current Directors. The Meeting also marked the retirement of Frank Davis, who served on Torex’s Board of
Directors for more than a decade. Results of the meeting are set out below.
Rick Howes, Chair of the Board of Torex, stated:
“I am very pleased with the re-election of Directors and look forward to continued work with each of them as we
build our future in Mexico and beyond. We have an accomplished, skilled and diverse group of Directors – and
for the first time in our history have achieved gender parity on our Board – something we are very proud of as
we continue to do our part to seek greater diversity within the mining industry.
“I want to extend my sincere appreciation to Frank Davis, who has stepped down from the Board of Directors
after more than a decade of outstanding service. He has been instrumental in building Torex into the Company
is today, and on behalf of the entire Torex team, I wish him well in his retirement.”
ITEM 1. ELECTION OF DIRECTORS
At the Meeting, all director nominees listed in the Company’s management information circular (the “Circular”)
dated May 11, 2022 were elected as directors of the Company. Detailed results of the vote by ballot are as
follows:
DIRECTOR VOTE TYPE NUMBER OF VOTES % OF VOTES
Richard A. Howes For
Withheld
60,159,291
163,792
99.73%
0.27%
Jody L.M. Kuzenko For
Withheld
60,154,218
168,865
99.72%
0.28%
Tony S. Giardini For
Withheld
60,125,053
198,030
99.67%
0.33%
Jennifer J. Hooper For
Withheld
59,197,926
1,125,157
98.13%
1.87%
Jay C. Kellerman For
Withheld
57,956,343
2,366,740
96.08%
3.92%
Rosalie C. Moore For
Withheld
60,183,119
139,964
99.77%
0.23%
Roy S. Slack For
Withheld
60,194,390
128,693
99.79%
0.21%
Elizabeth A. Wademan For
Withheld
59,710,598
612,485
98.98%
1.02%
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Torex Gold Resources Inc.
ITEM 2. APPOINTMENT OF AUDITOR
On a vote by ballot, KPMG LLP, Chartered Public Accountants, were re-appointed as auditors of the Company.
VOTES FOR % VOTES FOR VOTES WITHHELD % OF VOTES WITHHELD
63,272,543 99.70% 189,212 0.30%
ITEM 3.
On a vote by ballot, a resolution was passed whereby the unallocated share units under the Employee Share
Unit Plan were approved and authorized until the date of the Company’s annual shareholders’ meeting to be
held in 2025.
VOTES FOR % VOTES FOR VOTES AGAINST % OF VOTES AGAINST
54,160,833 89.78% 6,162,250 10.22%
ITEM 4.
On a vote by ballot, a resolution was passed whereby the unallocated share units under the Restricted Share
Plan were approved and authorized until the date of the Company’s annual shareholders’ meeting to be held
in 2025.
VOTES FOR % VOTES FOR VOTES AGAINST % OF VOTES AGAINST
53,008,039 87.87% 7,315,044 12.13%
ITEM 5. ‘SAY ON PAY’ EXECUTIVE COMPENSATION
On a vote by ballot, a non -binding advisory resolution was passed accepting the approach to executive
compensation disclosed in the Circular and delivered in advance of the Meeting.
VOTES FOR % VOTES FOR VOTES AGAINST % OF VOTES AGAINST
58,680,391 97.28% 1,642,692 2.72%
The formal report on voting results with respect to all matters voted upon at the Meeting will be filed on SEDAR
at www.sedar.com
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 Property, an area of 29,000 hectares in the highly prospective Guerrero
Gold Belt lo cated 180 kilometres southwest of Mexico City. The Company’s principal asset is the Morelos
Complex, which includes the El Limón Guajes (“ELG”) Mining Complex, Media Luna Project, processing plant
and related infrastructure. Commercial production from the Morelos Complex commenced on April 1, 2016 and
an updated Technical Report for the Morelos Complex was released in March 2022. Torex’s key strategic
objectives are to extend and optimize production from the ELG Mining Complex, de -risk and advance Media
Luna to commercial production, build on ESG excellence, and to grow through ongoing exploration across the
entire Morelos Property.
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Torex Gold Resources Inc.
FOR FURTHER INFORMATION, PLEASE CONTACT:
TOREX GOLD RESOURCES INC.
Jody Kuzenko Dan Rollins
President and CEO Vice President, Corporate Development & Investor Relations
Direct: (647) 725-9982 Direct: (647) 260-1503
[email protected] [email protected]
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable
Canadian securities legislation. Forward -looking information also includes but is not limited to the Company’s strategic
objectives to extend and optimize production from the ELG Mining Complex and de -risk and advance Media Luna to
commercial production. Generally, forward -looking information can be identified by the use of forward -looking terminology
such as “continue”, "strategy" and “ongoing” or variations of such words. 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 dif ferent from those expressed or implied by such forward -looking
information, including, without limitation, those risk factors identified in the Company’s annual information form (“AIF”) an d
management’s discussion and analysis (“MD&A”). Forward -looking information is based on the assumptions discussed in
the AIF and MD&A and such other 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 results to differ materially from th ose
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 results 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
information or future events or otherwise, except as may be required by applicable securities laws.