TORONTO, Ontario, January 15, 2013 — Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG; TXG.W.A.) announced today that Jason Simpson, PEng, has been appointed to the position of Chief Operating Officer. Mr. Simpson brings over 17 years of global, multi-commodity, operational and mining experience. In this position, he will lead the senior operations team that will be responsible for overseeing the construction and operation of the Morelos Gold Mine in Southwestern Mexico. The senior operations team includes Felipe Martinez Moreno, General Manager; David Alduenda, Mill Manager, and Alfonso Alvarez, Mine Manager. Dawson Proudfoot, Vice President of Engineering, will now step back to a consulting role as he temporarily ‘retires’ for a period of approximately 18 months to pursue some long held personal interests.
Fred Stanford, President & CEO of Torex stated: “These appointments reflect our understanding of the importance of having a solid and experienced owner’s team to work closely with the EPCM contractor through the construction period. I have known Jason for many years and have complete respect for his leadership style, sound technical knowledge, desire to succeed, and the quality of his judgment. Felipe, David, and Alfonso have been with the team for several months now and their operational and start-up experience has been evident as they work with the design engineers to position the operations for success. With Jason now in place to lead the team, we all look forward to the completion of the permitting process and getting started with construction. We would also like to wish Dawson every success as he completes his travels for the next year and a half, and look forward to having him to rejoin the team.”
Jason Simpson, PEng, holds dual degrees: in Mining Engineering from the Technical University of Nova Scotia and in Physics from Dalhousie University. Starting with Inco Limited in 1995 he held roles in ventilation, ground control, geology, and surveying. To gain a global multi-commodity perspective he spent four years working for McIntosh Redpath Engineering on mining studies for companies including; CVRD, Rio Tinto, Barrick, Freeport McMoran, and Falconbridge among others. After re-joining Vale, Jason has spent ten years gaining operational and engineering experience. He has held positions of increasing responsibility up to his most recent role as the General Manager Labrador Operations for Vale.
Felipe Martinez Moreno, General Manager, is a Mexican mining and metallurgical engineer with over 35 years experience in mining with various companies including Coeur d’Alene Mines Corporation and Agnico Eagle Mines Limited where he held senior roles including general manager, mine manager, operations manager and open pit mine manager. He holds a mining/metallurgical engineering degree from the Universidad de Chihuahua School of Mines, Chihuahua, Mexico.
David Alduenda, Mill Manager, is a Mexican metallurgist with over 25 years of experience in the South American mining industry. Some of his more recent positions include assistant general manager at Agnico Eagle’s Pinos Altos mine and plant manager at Goldcorp’s Penasquito mine. In Chile, Mr. Alduenda was general manager at Coeur d’Alene’s Cerro Bayo mine. He has extensive experience overseeing large-scale gold and metals plants and has successfully managed start-ups, optimization and expansion of processing plants and leach operations. Mr. Alduenda has a BSc. and a masters degree in metallurgy from the National Technical Institute of Mexico, D.F.
Alfonso Alvarez, Mine Manager, is a Mexican mining engineer with over 10 years of experience in the Mexican mining industry, most recently with Aurico Gold Inc., which he joined in 2006 as a General Supervisor. He has held increasingly senior positions including open pit operations manager at the Ocampo Mine. He holds a mining engineering degree from the Universidad de Sonora, Hermosillo, Mexico.
Torex is a growth-oriented, Canadian-based resource company engaged in the exploration and development of precious metal resources with a focus on gold. It owns 100% of the Morelos Gold Project, a development stage project, located 180 kilometres southwest of Mexico City in the highly prospective Morelos Gold Belt. Torex is aggressively exploring within its property to identify a pipeline of additional future economic deposits. The project covers an area of 29,000 hectares of which more than 75% remain 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 the permitting and construction of the Company’s 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 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 those risk factors identified in the Company’s current annual information form. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Although the Company believes that the assumptions and expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. The forward-looking information contained herein is presented for the purposes of assisting investors in understanding the Company’s exploration results 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.