On track to deliver on full year production guidance following solid start to year

(All amounts expressed in U.S. dollars unless otherwise stated)

Toronto, Ontario--(Newsfile Corp. - April 10, 2024) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) reports Q1 2024 gold production of 115,494 ounces ("oz") and gold sold of 111,642 oz. With the solid start to the year, the Company is on track to achieve annual gold production guidance of 400,000 to 450,000 oz.

TABLE 1: PRELIMINARY FIRST QUARTER 2024 OPERATIONAL RESULTS

Q1 2024
Mining
ELG Open Pits - Ore tonnes mined per day tpd 10,651
ELG Open Pits - Waste tonnes mined per day tpd 88,040
ELG Open Pits - Strip ratio waste:ore 8.3
ELG Underground - Ore tonnes mined per day tpd 1,843
Processing
Average plant throughput tpd 13,118
Average gold recovery % 90.7
Average gold grade of ore processed gpt 3.15
Gold produced oz 115,494
Gold sold oz 111,642
Operational results are preliminary in nature and subject to final reconciliation. Financial and operational results for Q1 2024 will be released after market close on Wednesday, May 8, 2024. A conference call hosted by senior management will be held the following day at 9:00 AM ET.

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