Mr. Shawn Wallace reports

TORQ ANNOUNCES C$1.25 MILLION FINANCING AND LOAN EXTENSION

Torq Resources Inc. has arranged certain lead investors for a portion of a proposed non-brokered private placement financing to raise not less than $1.25-million from the sale of at least 25 million Torq equity units priced at five cents each. Each unit consists of a common share in Torq's capital plus a three-year warrant to acquire a share at a price of 10 cents per share. Completion of the placement is a condition to a six-month extension of the company's $2.8-million loan owed to 191010 Investments Ltd., which came due July 11, 2026. The six-month extension will run from completion of the placement. The consideration for the extension is that the lender will be granted 56 million one-year warrants exercisable at five cents per share. Both the placement and loan extension warrants are subject to TSX Venture Exchange approval.

The company intends to use the net proceeds from the placement for general working capital.

The placement may be completed in multiple tranches and is subject to receipt of executed subscription agreements and funds as well as customary closing conditions, including conditional approval from the TSX Venture Exchange. Completion of the placement is targeted for late August, 2026.

In accordance with applicable securities laws, the units issued under the placement will be sold to accredited investors or other investors who are exempt from prospectus requirements and will be subject to a four-month hold period in Canada. The loan extension warrants and underlying shares will also be subject to a four-month hold period in Canada. While the placement is non-brokered, the company may pay a cash finder's fee equal to 6.0 per cent of the gross proceeds and issue non-transferrable finders' warrants equal to 6.0 per cent of the number of units sold under the placement to eligible persons who refer participating investors to the company, where permitted by applicable law and in accordance with the policies of the TSX-V. Each finder's warrant will entitle the holder thereof to purchase one common share of the company at the exercise price of 10 cents for a period of 36 months from the closing date of the placement.

Any participation of Torq insiders in the placement will be subject to exemption from valuation and minority shareholder approval requirements of Multilateral Instrument 61-101.

About Torq Resources Inc.

Torq is a Vancouver-based copper and gold exploration company with a portfolio of premium holdings in Chile. The company is establishing itself as a leader of new exploration in prominent mining belts, guided by responsible, respectful and sustainable practices. The company was built by a management team with prior success in monetizing exploration assets and its specialized technical team is recognized for their extensive experience working with major mining companies, supported by robust safety standards and technical proficiency. The technical team includes Chile-based geologists with invaluable local expertise and a noteworthy record for major discovery in the country. Torq is committed to operating at the highest standards of applicable environmental, social and governance practices in the pursuit of a landmark discovery.

We seek Safe Harbor.