Torex Gold Provides Q3 2026 Morelos Drilling & Exploration Update

Torex Gold Resources Inc. reports strong results from the Company's ongoing drilling and exploration programs at the Morelos Property, supporting the Company's strategy to grow reserves and resources, extend mine life, and enhance the long-term production profile at Morelos. Andrew Snowden, President & CEO of Torex, stated: "The latest drilling continued to deliver exceptional results with 15 rigs currently in operation across the Morelos Property. I'm particularly excited about the San Miguel corridor, a new area of interest which spans from Media Luna West to southeast of the Media Luna mine. Drilling has shown strong potential for the entire corridor to be mineralized which could considerably add to the overall Morelos resource inventory. Recent drilling results have been encouraging, with high-grade intercepts including 11.28 grams per tonne gold equivalent ("gpt AuEq") 1 over 31.2 m ("metres") in drill hole MLE26-025 and 10.75 gpt AuEq over 20.2 m in MLE26-035D. This has supported an additional 13,400 m of drilling in the Media Luna Cluster this year, bringing our 2026 exploration budget for Morelos to a record $51 million.

At the Media Luna mine, drilling to the east of the current Indicated Resource boundary is expected to support the conversion of Inferred Resources to the Indicated category, with notable high-grade intercepts encountered including 18.37 gpt AuEq over 18.2 m in MLUI-005 and 21.30 gpt AuEq over 9.6 m in MLUI-013. At Media North, drilling continues to confirm the geological model and de-risk stopes planned for the first year of production when the project comes online later this year.

ELG Underground also continues to show promising results that highlight the potential to offset reserve depletion and add to the resource inventory with our year-end reserve and resource update expected in March 2027. For example, follow-up drilling along the southern extension of the El Limón Sur trend continues to confirm and extend mineralization along second order structures running parallel to the main trend with mineralization at depth extending to the Guajes Tunnel. Drilling along the Del Medio fault between the El Limón Sur and Sub-Sill trends replicated the mineralization ore control that was defined along the La Flaca fault and returned excellent grades, including 19.93 gpt AuEq over 7.0 m in drill hole SST-484. Drilling conducted along the easternmost portion of the Z71 fault, an area that hasn't previously been drilled, also encountered mineralization, including 14.32 gpt AuEq over 35.0 m in drill hole SST-491.

Finally, the regional drilling programs at both Atzcala and El Naranjo are well underway with the first targets now drilled in both areas. Initial results suggest epithermal mineralized systems lie within both target areas, with the presence of shallow, oxidized, epithermal-style mineralization, which is a positive early indication for continued exploration efforts at these sites.

With the outstanding drilling and exploration results we continue to see across the entire Morelos Property, and Media Luna North tracking to plan for first ore by the end of the year, we are well-positioned to continue to add mine life and deliver strong returns for our shareholders long into the future through organic growth at our flagship asset."