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TXG.TO ·

Torex Gold Reports Three Fatalities at the ELG Underground Mine

Mine Development & Operations

Torex Gold Reports Three Fatalities at the

ELG Underground Mine

Toronto, Ontario--(Newsfile Corp. - December 5, 2024) - Torex Gold Resources Inc. (the "Company" or

"Torex") (TSX: TXG) regretfully announces that during the day shift on December 5

th

, a fatal carbon

monoxide gas exposure occurred, which claimed the lives of two employees and one contractor at the El

Limón Guajes underground mine ("ELG Underground"). A fourth contract employee was also in the area

and is currently in hospital and expected to recover.

Jody Kuzenko, President & CEO of Torex, stated:

"We are devastated by the deaths of these colleagues who were working at ELG Underground. While

the details are very limited at this time, we do know that a 32-year old male, a 36-year old male and a

39-year old male have lost their lives to carbon monoxide exposure. Our priority right now is to fully

support their families and our people, as we start the work to understand how this occurred."

The appropriate authorities have been notified and will receive the Company's full cooperation. Activities

at ELG Underground have been suspended and an investigation to determine the cause of the accident

will commence shortly.

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: integrate and optimize the Morelos

Property; deliver Media Luna to full production; grow reserves and resources; disciplined growth and

capital allocation; retain and attract best industry talent; and build on ESG excellence.

FOR FURTHER INFORMATION, PLEASE CONTACT:

TOREX GOLD RESOURCES INC.

Jody Kuzenko

President and CEO

Direct: (647) 725-9982

[email protected]

Dan Rollins

Senior Vice President, Corporate Development & Investor Relations

Direct: (647) 260-1503

[email protected]

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/232717