Ongoing drilling continues to demonstrate strong potential to replace reserves and expand the resource base at Morelos
(All amounts expressed in U.S. dollars unless otherwise stated)
Toronto, Ontario--(Newsfile Corp. - July 13, 2026) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) (OTCQX: TORXF) is pleased to report continued positive results from the Company's drilling and exploration programs at ELG Underground and the Media Luna Cluster. These results reinforce Torex's strategy to grow reserves and resources in order to support a more robust and extended production profile at the Morelos Complex.
Andrew Snowden, President & CEO of Torex, stated:
"The latest round of drilling at Morelos continued to yield excellent results, providing further optimism for ongoing resource expansion and mine life additions. With 16 drill rigs currently active, Torex is well on track to deliver another exceptional year for drilling and exploration at Morelos as we continue to showcase the underlying resource potential across the entire property.
"At the eastern extension of Media Luna, drilling continues to encounter higher-grade mineralization, returning 9.14 grams per tonne gold equivalent ("gpt AuEq")1 over 7.5 metres ("m") in drill hole MLE26-013 (including 38.06 gpt AuEq over 1.4 m) as well as 4.98 gpt AuEq over 8.8 m in drill hole MLE26-018D. These results point to a vertical extension of higher-grade mineralization of at least 100 m, underscoring the potential to meaningfully expand resources along the eastern and southern extensions of Media Luna.
"At ELG Underground, drilling continues to extend mineralization along strike and at depth across the El Limón Sur and El Limón West trends. Highlights include 13.36 gpt AuEq over 7.3 m (including 106.77 gpt AuEq over 0.6 m) in drill hole LS-479 and 7.85 gpt AuEq over 11.2 m (including 26.01 gpt AuEq over 1.2 m) in LS-494 at the El Limón Sur trend, and 4.30 gpt AuEq over 11.4 m (including 7.68 gpt AuEq over 5.5 m) in LS-486 at the El Limón West trend. The latest round of drilling, along with prior drilling completed since the last resource update, continues to demonstrate the potential to replace reserves and resources at ELG Underground.
"At the regional level, drilling is underway at priority targets Atzcala and El Naranjo. The 2026 drill programs are focused on confirming mineralization continuity and better defining the scale and controls of these systems. Both targets represent attractive opportunities to unlock additional resource upside at Morelos, and we look forward to providing updates as work progresses.