Mr. Andrew Snowden reports

TOREX GOLD WELCOMES LEE HODGKINSON TO ITS BOARD OF DIRECTORS

Torex Gold Resources Inc. has added Lee Hodgkinson to its board of directors, effective Nov. 1, 2026. With the recent departure of Rodrigo Sandoval due to his appointment as chief financial officer of Fresnillo PLC in September, the board will continue to comprise eight directors, seven of whom are independent directors.

Rick Howes, chair of the board, stated: "We are very pleased to welcome Lee to the Torex board of directors and look forward to benefiting from his insights, leadership and deep financial expertise in the mining sector. Lee brings more than three decades of experience advising boards and executive teams at some of Canada's leading mining companies on financial reporting, corporate strategy, capital allocation, governance, risk management, M&A [mergers and acquisitions], and sustainability. His extensive background as KPMG's global mining leader, combined with his recognized expertise in financial and auditing issues, will provide tremendous value as we continue to execute on our growth strategy and deliver meaningful and lasting value for our shareholders.

"As we welcome Lee to Torex, I would also like to sincerely thank Rodrigo Sandoval for his outstanding service and leadership over the past four years. As a member of our board and chair of the audit committee, Rodrigo provided thoughtful guidance, strong financial oversight and valuable insights that contributed to Torex's success during a period of significant growth and transformation. On behalf of the board, I thank Rodrigo for his many contributions and wish him every success in his new role."

Mr. Hodgkinson currently serves on the board of Discovery Mining Ltd., where he is chair of the audit committee. He brings more than 30 years of experience in public accounting and auditing specializing in the mining industry, having served as the leader of KPMG LLP's national mining practice in Canada for more than 20 years and as global mining leader for 10 years.

Mr. Hodgkinson holds the Institute of Corporate Directors designation (ICDD) from the Rotman School of Management, is a fellow chartered professional accountant (FCPA) and fellow chartered accountant (FCA) in Ontario, and holds a bachelor of accounting and financial analysis from Newcastle University.

About Torex Gold Resources Inc.

Torex Gold Resources is a Canadian mining company engaged in the exploration, development and production of gold, silver and copper from its flagship Morelos complex in Guerrero, Mexico. The company also owns the Los Reyes gold-silver project in Sinaloa, Mexico, and a portfolio of early-stage exploration projects, including Batopilas and Guigui in Chihuahua, Mexico, La Gloria in Sonora, Mexico, and Medicine Springs in Nevada, United States, as well as an option to acquire the Gryphon Summit project in Nevada, United States.

The company's key strategic objectives are: optimize Morelos production and costs; disciplined growth and capital allocation; grow reserves and resources; project delivery excellence; retain and attract best industry talent; and 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.

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