Torex Gold Reports Latest Results from Drilling Program at ELG Underground

Executive Summary

• Torex Gold released extensive 2025 drill assay results from ELG Underground, highlighting several high‑grade intercepts that support extending mine life beyond 2029 and maintaining >450,000 oz AuEq annual production past 2030.
• Notable second‑order structures yielded exceptional grades, e.g., 21.2 m @ 28.13 g/t AuEq (LS‑414) and 24.6 m @ 17.06 g/t AuEq (LS‑424).
• The program has drilled 25,163 m of the planned 48,000 m for 2025, with $12 M budgeted; results indicate potential to add significant resources and replace mined reserves in the year‑end update slated for March 2026.

Key Details

• Budget & Progress: $12 M allocated for 2025 ELG Underground drilling; 25,163 m completed (≈52% of target). Four rigs operating.
• Second‑Order Structures – El Limón Sur Trend
• LS‑413: 11.1 m @ 12.37 g/t AuEq
• LS‑414: 21.2 m @ 28.13 g/t AuEq (highlight)
• LS‑416: 10.2 m @ 13.87 g/t AuEq
• LS‑422: 18.1 m @ 8.66 g/t AuEq
• LS‑424: 24.6 m @ 17.06 g/t AuEq
• Second‑Order Structures – Sub‑Sill Trend
• SST‑409: 2.9 m @ 25.73 g/t AuEq

• SST‑379: 3.2 m @ 6.33 g/t AuEq

• El Limón Sur Trend (primary)

• LDUG‑390: 4.0 m @ 27.91 g/t AuEq
• LDUG‑410: 6.4 m @ 7.80 g/t AuEq
• LS‑403: 18.2 m @ 10.67 g/t AuEq
• LS‑421: 8.6 m @ 6.61 g/t AuEq

• LDUG‑390 (depth): 1.8 m @ 37.94 g/t AuEq at 480 m a.s.l. (LS‑425) – indicates depth extension.

• Sub‑Sill Trend

• SST‑402: 6.8 m @ 8.22 g/t AuEq
• SST‑406: 14.8 m @ 4.44 g/t AuEq
• SST‑414: 4.2 m @ 9.07 g/t AuEq
• SST‑394: 5.0 m @ 8.35 g/t AuEq (high Ag contribution)

• SST‑387: 2.7 m @ 50.73 g/t AuEq – exceptionally high grade.

• Resource Implications

• Results support the objective of adding to the resource inventory for a March 2026 year‑end mineral reserves and resources update.

• New structures suggest additional undiscovered corridors, enhancing potential for both inferred and indicated resource upgrades.

• Technical Validation

• Assays performed by SGS (Durango & Morelos) with QA/QC overseen by Carlo Nasi, MML; qualified person Rochelle Collins (PGO #1412) approved data.
• Gold‑equivalent calculations use Au $1,650/oz, Ag $22/oz, Cu $3.75/lb and recoveries of 90 % Au, 86 % Ag, 93 % Cu (consistent with 2024 resource estimate).

Notable Quotes

• “The discovery of second order mineralized structures… returning exceptional grades… supports our objective of extending the mine life of the deposit beyond 2029.” – Jody Kuzenko, President & CEO.