Mr. Andrew Snowden reports

TOREX GOLD CHANGES NAME TO TOREX RESOURCES

Torex Gold Resources Inc. has changed its name from Torex Gold Resources Inc. to Torex Resources Inc., as approved at its most recent annual and special meeting of shareholders.

Torex's common shares will commence trading under the new name and stock ticker symbol TXR on the Toronto Stock Exchange at the start of trading on Nov. 3, 2026, at which time the company will also launch its new website and refreshed branding.

Andrew Snowden, president and chief executive officer, stated: "The transition of our name to Torex Resources reflects the ongoing growth and evolution of our business as we continue to successfully execute against our strategy. While gold remains the core focus for our business, the successful ramp-up of Media Luna has broadened our production profile to include meaningful volumes of silver and copper, with an annual production outlook of 2.5 [million] to 2.8 million ounces of silver and 70 [million] to 75 million pounds of copper.

"Beyond Morelos, alongside a portfolio of exploration projects in Mexico and the United States, our growth pipeline includes the gold-silver Los Reyes project, where silver is expected to account for approximately 30 per cent of the mine's revenue. Together, these assets provide a strong platform for disciplined, long-term growth across multiple jurisdictions.

"The change of our name also comes as we continue to broaden our presence in global capital markets, including our intention to list on the New York Stock Exchange. Collectively, our new corporate name, refreshed brand and expanded market presence better reflects the company's progress towards becoming a diversified, Americas-focused, precious metals producer.

"While our name is changing, our strategy and what defines Torex remains the same. We remain focused on operational excellence, responsible mining, disciplined capital allocation and delivering meaningful, long-term value for our shareholders."

Trading information

Effective at the start of trading on Nov. 3, 2026

Company name:  Torex Resources Inc.

Toronto Stock Exchange ticker:  TXR (previous TSX ticker: TXG)

Cusip:  89105F103

ISIN:  CA89105F1036

About Torex Resources Inc.

Torex 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 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: to optimize Morelos production and costs; for disciplined growth and capital allocation; to increase reserves and resources; for project delivery excellence; 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.