Torex Gold Resources Inc. announced assay results from the Company's ongoing drilling program at El Limon Guajes ("ELG") Underground. As of the end of April, approximately 8,709 m across 27 holes were drilled as part of the ELG Underground 2024 drilling program. As part of the Resource Delineation drilling program at the north ore shoot, drill hole LDUG-314 encountered 10.26 gpt AuEq over 7.68 m, supporting the expected conversion of Inferred Resources to the Indicated category with the year-end 2024 mineral reserve and resource update.

Drill hole LDUG-321 confirmed high-grade mineralization down to 500 m.a.s.l. with two notable intercepts (10.70 gpt AuEq over 3.1 m and 3.42 gpt AuEq over3.0 m). Current results over 600 m.a.s.L. show strong support for new Inferred Resources in this area once the program is completed. Given these results, exploration to further test depth extensions has been deferred for the time being to prioritize higher-grade targets.

Results from this program confirm reliability of the assay results. Dr. Volker has verified the data disclosed, including sampling, analytical, and test data underlying the drill results; verification included visually reviewing the drill holes in three dimensions, comparing the assay results to the original assay certificates, reviewing the drilling database, and reviewing core photography consistent with standard practice.