Torex Signs Ejido Long Term Land Lease Agreement FOR Media Luna
Corporate Office: 130 King St. West, Suite 740, Toronto, ON M5X 2A2, Canada – Tel. (647) 260 1500 Fax (416) 304-4000
www.torexgold.com
TOREX SIGNS EJIDO LONG TERM LAND LEASE AGREEMENT FOR MEDIA LUNA
TORONTO, Ontario, October 10, 2017 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) is pleased to announce that
its wholly owned subsidiary, Minera Media Luna S.A. de C.V., (“MML”) has signed a long term, common land, lease agreement with the
Puente Sur Balsas Ejido for the use of the land required for the exploration, construction, and mining of minerals at its Media Luna Gold
Project in Southwest Mexico. The agreement can be revoked at the company’s discretion, with one year’s notice. The agreement
satisfies the land access requirement that is a pre-condition to entering the regulatory process to obtain permits for the pote ntial
development and operation of a future Media Luna mine.
Fred Stanford, President & CEO of Torex stated: “The signing of this 25-year land lease agreement achieves another important milestone
along the path to the development of the Media Luna project. I commend the Ejido members and our community relations team for
conducting productive negotiations that quickly delivered a mutually beneficial outcome. Now we can all look forward to the ne xt stages
of project development, and the tremendous potential this project offers to create value.”
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 March of 201 6,
the Sub-Sill Project, currently under development, and the Media Luna Project, an early stage development project 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, in formation with respect to the potential to advance the developme nt of the Media Luna
project through to production and becoming a mine. Generally, forward-looking information can be identified by the use of forward-looking terminology
such as “plans”, “indicates”, “expects”, “estimates”, “intends”, “anticipates”, “believes”, “upcoming”, or “subsequent” or variations of such words and
phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “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 actual results, l evel 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, the risk that actual results of current explor ation and development activities will not achieve expectation s and other risk factors
identified in the Company’s annual information form and management’ s discussion and analysis. Forward-looking information is ba sed on the
reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of tr ends, current
conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the
date that such statements are made, but which may prove to be inco rrect. Although the Company believes that the assumptions and expectations
reflected in such forward-looking infor mation are reasonable, undue reliance should not be placed on forward-looking informatio n because the
Company can give no assurance that such expectations will prove to be correct. There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ mater ially from those anticipated in such information. The Company d oes not undertake to
update any forward-looking information, except in accordance with applicable securities laws.