Torex Gold

TOREX GOLD RESOURCES: ILLUMINATING THE FUTURE OF GOLD MINING IN MEXICO

AN OVERVIEW OF TOREX GOLD RESOURCES INC.

Torex Gold Resources Inc. (TSX: TXG), a prominent intermediate gold producer, stands at the forefront of the mining industry with its operations concentrated within the prolific Guerrero Gold Belt in Mexico, a region renowned for its rich mineral deposits. Based in Canada with its corporate office located in Toronto, Ontario, the company exudes a strong Canadian identity, yet its influence and operational reach extend well into the heart of Mexico, a testament to their global approach in the mining sector.

A YEAR OF NOTEWORTHY ACCOMPLISHMENTS

In 2022, Torex proudly claimed the title of the second-largest gold producer in Mexico, a remarkable achievement highlighting the company's robust performance and strategic prowess. The success is mirrored by the substantial scale of their workforce which comprises over 1,100 direct employees and approximately 2,300 contractors. The company places significant emphasis on community engagement and local workforce development, with an impressive 99% of its employees at the site being Mexican, and 60% of those hailing from the Guerrero State itself.

THE MORELOS GOLD PROPERTY: A JEWEL IN THE CROWN

The Morelos Gold Property, a thoroughly owned 29,000-hectare marvel, houses the crown jewel of Torex's operations - the Morelos Complex. This complex encompasses the El Limón Guajes ( ELG ) Mine Complex, boasting various open pits and underground mines as well as a processing plant that initiated commercial production as of April 1, 2016. This significant asset has established itself as the company's cornerstone, weaving together the operations and futuristic visions of Torex.

MEDIA LUNA PROJECT: A VISIONARY INVESTMENT

With eyes set on future growth, the Media Luna Project presents an ambitious and promising endeavour for Torex. Situated a mere seven kilometres from the ELG, this underground deposit rich in gold, copper and silver mineralization, received a nod of approval from the Board of Directors in March 2022. Construction has charged ahead with the aim to commence commercial production by Q1 2025. This strategic decision is poised to ensure that the Morelos Complex's robust life is prolonged through at least 2033, bolstering the company's prospects for expansion.

EXPLORATION AND EXPANSION: UNLOCKING POTENTIAL

Despite the extensive ongoing operations, an astonishing 75% of the Morelos Property remains unexplored, hinting at untapped potential and future opportunities waiting to be seized. Additional drill-ready exploration targets have been identified, underscoring the company's commitment to fully harness the prospects at hand. Torex continues to scout for acquiring assets in the Americas, aiming to achieve profitable and productive geographic diversification.

CORPORATE RESPONSIBILITY AND INNOVATION

At the core of Torex Gold resides a staunch commitment to corporate responsibility and innovation. The company dedicates itself to building a values-driven organization that not only aims to generate substantial returns for shareholders but also to foster a positive impact on society. Through embracing cutting-edge innovation and upholding commendable values, Torex Gold Resources Inc. stands as a paragon of progress in the mining industry, promising an illuminating future for gold mining in Mexico.

DECEMBER 2023

Corporate Presentation