Northwire Canada EditionThursday, July 23, 2026
Northwire
ALDE 2.81 +0.0% TECK 83.43 +3.4% FVI 11.85 −2.1% SUM 1.32 −0.8% RSMX 0.115 +4.5% STW 0.105 +5.0% PAT 0.250 +0.0% CCM 0.530 +1.9% SGN 0.240 −5.9% CNC 1.49 +1.4% PHNM 0.340 +4.6% LIO 0.145 −9.4% RIO 2.67 −4.5% KG 0.160 +3.2% GEN 0.065 +0.0% ECU 1.66 +9.9% ALDE 2.81 +0.0% TECK 83.43 +3.4% FVI 11.85 −2.1% SUM 1.32 −0.8% RSMX 0.115 +4.5% STW 0.105 +5.0% PAT 0.250 +0.0% CCM 0.530 +1.9% SGN 0.240 −5.9% CNC 1.49 +1.4% PHNM 0.340 +4.6% LIO 0.145 −9.4% RIO 2.67 −4.5% KG 0.160 +3.2% GEN 0.065 +0.0% ECU 1.66 +9.9%

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Original News Release

Torq Resources plans $11M Santa Cecilia drill program

Mr. Shawn Wallace reports TORQ PROVIDES SANTA CECILIA PROJECT UPDATE Torq Resources Inc., together with Gold Fields Pedernales Ltd., a Chilean affiliate of Gold Fields Ltd., is advancing the planning and preparation for a 2026 drill program to commence in Chilean springtime (late summer in North America). Gold Fields has an option to earn into the Santa Cecilia project by funding a $48-million (U.S.) exploration option for a 75-per-cent indirect interest (10-per-cent earned to date). Gold Fields is also a principal shareholder of Torq. An approximately $11-million (U.S.) program, to be 100-per-cent financed by Gold Fields, is intended to target and further evaluate prospective areas, specifically Pircas Norte and Gemelos Norte, as well as other new areas with evidence of wide continuous Au-Cu (gold-copper) mineralization. In the last drill program, the Santa Cecilia JV completed five drill holes at Gemelos Norte confirming a new copper-gold porphyry discovery including 450 m of 0.51 gram per tonne gold and 0.155 per cent copper. Stepout drilling at Pircas Norte extended mineralization at depth returning 206 m of 0.99 g/t gold and 0.109 per cent Cu within 266 m of 0.81 g/t Au and 0.097 per cent Cu. Previous highlights from Torq's inaugural drill program include 557 m of 0.38 g/t gold, 0.23 per cent copper and 56 ppm (parts per million) molybdenum in wall rock at a depth of 442 m to 999 m. This intercept bottomed in grade and represented an 81-per-cent increase in gold grade relative to historical drilling, indicating potential vectoring toward the higher-grade causative intrusion. The company looks forward to testing the extent of the discoveries and evaluating additional highly prospective targets. This program was originally planned for early 2026 but has been delayed to later in the year for several reasons including the on-site death in November of an employee of a catering contractor who passed away at the exploration camp during off-duty hours. A preliminary review by Chilean authorities has ruled that the fatality was due to natural causes however governmental and potential civil suit investigations are continuing. The company maintains high standards of safety for its employees and requires its contractors to do the same. Neither investigation is expected to lead to legal proceedings which would have material adverse financial consequences to Torq. Shawn Wallace, chief executive officer of Torq, commented: "We have extended our sincere condolences to the family of the individual who passed away at site. The safety and well-being of all personnel and other stakeholders remains our highest priority. While drilling has been deferred, we remain committed to advancing Santa Cecilia responsibly and in alignment with all regulatory and community expectations. We appreciate the continued support of the local community and look forward to involving them in our plans as we move forward." Bryan Atkinson, PGeo, a consultant to Torq, is the qualified person who has reviewed the technical contents of this news release. 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. We seek Safe Harbor.
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