Torex GOLD Announces Results of Its 2023 Meeting of Shareholders
For Immediate Release
TOREX GOLD ANNOUNCES RESULTS OF ITS 2023 MEETING OF
SHAREHOLDERS
TORONTO, Ontario, June 21, 2023 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG)
announces the results of its 2023 annual and special meeting of shareholders (the “Meeting”) held virtuall y
yesterday, June 20, 2023.
The meeting marked the re-appointment of Rick Howes as Chair of the Board as well as the re-election of seven
current Directors. Elizabeth Wademan, who has served on the Torex Board for the past seven years, decided
not to stand for re-election in order to pursue other endeavours. Results of the meeting are set out below.
Rick Howes, Chair of the Board of Torex, stated:
“I am pleased with the re -election of Directors and look forward to continuing to work with each of them. We
have now completed a process that has been ongoing over the past three years to refresh, strengthen, and
diversify the competencies and skills of our Board, and I have every confidence that we have the right group of
individuals in place to provide the level of governance required to take Torex to the next level.
“I want to extend my sincere appreciation to Elizabeth Wademan, who has stepped down from the Board of
Directors after seven years of outstanding service. I want to thank Elizabeth for her longstanding commitment
to guide the growth and success of Torex over the years, and on behalf of the Company, I wish her all the very
best in her future endeavours.”
ITEM 1. ELECTION OF DIRECTORS
At the Meeting, all director nominees listed in the Company’s management information circular (the “Circular”)
dated May 10, 2023, 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
60,593,385
4,418,424
93.20%
6.80%
Jody L.M. Kuzenko For
Withheld
64,798,379
213,430
99.67%
0.33%
Tony S. Giardini For
Withheld
64,067,023
944,786
98.55%
1.45%
Jennifer J. Hooper For
Withheld
63,800,659
1,211,150
98.14%
1.86%
Jay C. Kellerman For
Withheld
63,615,811
1,395,998
97.85%
2.15%
Rosalie C. Moore For
Withheld
64,798,291
213,518
99.67%
0.33%
Rodrigo Sandoval For
Withheld
64,515,409
496,400
99.24%
0.76%
Roy S. Slack For
Withheld
64,827,585
184,224
99.72%
0.28%
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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
66,793,698 98.79% 819,111 1.21%
ITEM 3. ‘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
63,715,378 98.01% 1,296,431 1.99%
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 located 180 kilometres southwest of Mexico City. The Company’s principal asset is the Morelos
Complex, which includes the El Limón Guajes (“ELG”) Mine Complex, the Media Luna Project, a 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.
FOR FURTHER INFORMATION, PLEASE CONTACT:
TOREX GOLD RESOURCES INC.
Jody Kuzenko Dan Rollins
President and CEO Senior Vice President, Corporate Development & Investor Relations
Direct: (647) 725-9982 Direct: (647) 260-1503
[email protected] [email protected]
CAUTIONARY NOTES ON FORWARD LOOKING STATEMENTS
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 different 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”) and
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 those contained in the forward- looking information, there may be other factors that
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Torex Gold Resources Inc.
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 r eliance 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.