TORONTO, Ontario, March 28, 2011 - Fred Stanford, President and CEO of Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) is pleased to announce that James Crombie has joined the board of directors of Torex effective today.
“We are pleased to welcome Jim to the board of Torex and look forward to his contributions as we continue to further develop the Morelos Gold Project in Mexico. His 30+ years of broadly based experience in the mining business, coupled with his specific experience as an executive and director of several companies with activities in Mexico, will prove invaluable as we embark in the next stages of growth”, said Fred Stanford.
Mr. Crombie is currently President, CEO and director of Reunion Gold Corporation, President and CEO of Avala Resources, CEO, Executive Vice Chairman, and director of Queensland Minerals Ltd and Cerro Resources NL and President, CEO and director of Odyssey Resources Limited. He also sits on the board of other mining exploration companies.
Torex Gold Resources Inc. is a well funded, growth-oriented, Canadian mining company engaged in the exploration and development of precious metal resources with a focus on gold. It owns 100% of the Morelos Gold Project, an advanced stage gold exploration property, located 180km southwest of Mexico City in the highly prospective Morelos Gold Belt. The project covers an area of 29,000ha of which more than 75% remains unexplored.
For further information, please contact:
TOREX GOLD RESOURCES INC.
President and CEO
Tel. (647) 260-1502
Vice President Investor Relations
Tel. (647) 260-1503
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This press release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to future activities including future drilling plans at the Morelos Gold Project. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, “estimates”, “intends”, “anticipates” or “believes” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made at the date that such statements are made. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including the risk factors disclosed elsewhere in the Company’s public disclosure. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained herein is presented for the purposes of assisting investors in understanding the Company’s expected financial and operating performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.