Ms. Jody Kuzenko reports

TOREX GOLD REPORTS STRONG Q3 2025 PRODUCTION FROM MORELOS

Torex Gold Resources Inc. had Q3 2025 gold equivalent (AuEq) payable production of 119,034 ounces and AuEq sold of 118,082 ounces. Year to date, payable production has totalled 261,520 ounces AuEq based on average market prices (269,846 ounces AuEq at guidance metal prices of $2,500 per ounce gold, $28 per ounce silver and $4.30 per pound copper, including 124,503 ounces during Q3). With strong Q3 production and another excellent quarter expected to close off the year, the company continues to target the low end of annual payable production guidance of 400,000 to 450,000 ounces AuEq at guidance metal prices. (All amounts are expressed in U.S. dollars unless otherwise stated.)

Financial and operational results for Q3 2025 will be released after market close on Wednesday, Nov. 5, 2025.

Jody Kuzenko, president and chief executive officer of Torex, stated: "Our operational performance at Morelos was exceptional during the third quarter, with payable gold equivalent production of 119,034 gold equivalent ounces based on average market prices. The production we delivered in Q3 demonstrates the steady-state potential of Morelos now that the Media Luna project is complete, which, combined with an improving cost profile and record metal prices, is expected to result in significant free cash flow generation for the foreseeable future.

"At Media Luna, the mine ramp-up is tracking ahead of plan, with mining rates above the targeted rate of 6,000 tonnes per day as at the end of the quarter, supported by the completion, commissioning and transitioning into operations of both the third ore pass and the paste plant. With mine development rates also ahead of plan, almost all of the planned stopes to be mined in 2026 drilled off and the final ore pass on schedule to be completed by year-end, Media Luna is well positioned to achieve the designed mining rate of 7,500 tonnes per day by mid-2026, if not sooner.

"At the processing plant, quarterly throughput rates exceeded the design rate of 10,600 tonnes per day, with gold and copper recoveries slightly ahead of design levels of 90 per cent and 92 per cent, respectively. While throughput rates benefited from no major maintenance shutdowns during the quarter, the potential for additional capacity in the processing plant could provide future optionality, especially within the current metal price environment.

"With Media Luna ramping up ahead of plan, ELG Underground delivering solid results and the upgraded processing plant exceeding expectations, we are well positioned to close out 2025 on a strong note and carry the operational momentum into 2026 and beyond."

Third quarter 2025 conference call and webcast details

Torex plans to release its third quarter financial and operational results after market close on Wednesday, Nov. 5, 2025. A conference call and webcast hosted by senior management will be held on Thursday, Nov. 6, 2025, at 9 a.m. ET.

Telephone access

For expedited access to the conference call, registration is open to obtain an access code in advance, which will allow participants to join the call directly at the scheduled time. Alternatively, dial-in details are as follows.

Toronto local or international:  1-647-846-8914

Toll-free (North America):  1-833-752-3842

Please join the conference call approximately 10 minutes prior to the scheduled start time if using the dial-in details above.

Webcast access

A webcast will be available on the company's website. The webcast will be archived on the company's website.

About Torex Gold Resources Inc.

Torex Gold Resources is a Canadian mining company engaged in the exploration, development and production of gold, copper and silver from its flagship Morelos complex in Guerrero, which is currently Mexico's largest single gold producer. The company recently acquired a portfolio of early-stage exploration properties, including the Batopilas and Guigui projects in Chihuahua, Mexico, and the Gryphon and Medicine Springs projects in Nevada, United States, and has also entered into a definitive agreement to acquire a 100-per-cent interest in Prime Mining's multimillion-ounce Los Reyes gold-silver project in Sinaloa, Mexico.

The company's key strategic objectives are: to deliver Media Luna to full production and build EPO; to optimize Morelos production and costs; to grow reserves and resources; disciplined growth and capital allocation; to retain and attract best industry talent; and to be an industry leader in responsible mining. In addition to realizing the full potential of the Morelos property, the company continues to seek opportunities to acquire assets that enable diversification and deliver value to shareholders.

We seek Safe Harbor.