VANCOUVER, British Columbia, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“ Prime ” or the “ Company ”) ( TSX: PRYM ) ( OTCQX: PRMNF ) ( Frankfurt: O4V3 ) is pleased to announce the completion of the previously announced plan of arrangement (the " Arrangement ") involving the Company and Torex Gold Resources Inc. (" Torex "), pursuant to which Torex acquired all of the issued and outstanding shares of the Company (the " Prime Shares ").

Pursuant to the Arrangement, shareholders of Prime (“ Shareholders ”) were entitled to receive 0.060 of a common share of Torex for each Prime Share held (the " Consideration "). The Prime Shares are expected to be delisted from the Toronto Stock Exchange, the OTCQX and the Frankfurt Stock Exchange. Prime will also apply to cease to be a reporting issuer in the applicable jurisdictions in which it is currently a reporting issuer.

Further details of the Arrangement are set out in Prime’s management information circular dated August 25, 2025 (the “ Circular ”), which is available on SEDAR+ at www.sedarplus.ca under Prime's profile. Shareholders are reminded to review the Circular in respect of the procedure for receiving the Consideration for their Prime Shares. Registered Shareholders (Shareholders whose Prime Shares are registered in their name, either in certificate form or through the direct registration system advice (“ DRS Advice ”)) must complete, sign and return the letter of transmittal, along with the share certificate(s) or DRS Advice(s), to Computershare Investor Services Inc., the depositary for the Arrangement in accordance with the instructions in the letter of transmittal. Non-registered Shareholders (Shareholders whose Prime Shares are not registered in their name and are held by a broker, bank or other intermediary) should contact their intermediaries for instructions and assistance in receiving the Consideration for such Prime Shares.

If any Shareholder has questions, please contact the Depositary by telephone at 1-800-564-6253 (Canada and the United States) or 1-514-982-7555 (International) or by email at corporateactions@computershare.com