Mr. Shawn Wallace reports

TORQ COMPLETES $1.7 MILLION PRIVATE PLACEMENT

Torq Resources Inc. has closed its previously announced private placement (see Aug. 20, 2026, and Sept. 15, 2026, news releases) for proceeds of $1,700,191.20, consisting of 34,003,824 units of the company at a price of five cents per unit, including $170,191.20 from Gold Fields Atacama Holdings Inc., a wholly owned affiliate of the international major mining company, Gold Fields Ltd. Each unit consists of one common share in the capital of the company and one common share purchase warrant of the company. Each warrant entitles the holder thereof to acquire one share at an exercise price of 10 cents per share until Sept. 16, 2029. The company intends to use the net proceeds from the placement for general working capital.

In connection with the placement, the company paid finders' fees consisting of cash commissions of $29,700 and issued 594,000 non-transferable finders' warrants to eligible finders in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Each finder's warrant entitles the holder thereof to acquire one share at an exercise price of 10 cents per share until Sept. 16, 2029.

The participation by Gold Fields in the placement constitutes a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a), respectively, as the company is listed on TSX Venture Exchange and fair market value of the participation by insiders in the placement did not exceed $2.5-million or 25 per cent of the company's market capitalization

In accordance with applicable securities laws, the securities issued under the placement are subject to a four-month-and-one-day hold period from the date of issuance in Canada, which will expire on Jan. 17, 2027.

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.