June 20, 2019

Torex Announces the Results of its 2019 Meeting of Shareholders

TORONTO, Ontario, June 20, 2019 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces the results of its 2019 annual and special meeting of shareholders (the “Meeting”) held in Toronto, Ontario on June 20, 2019.

Item 1. Election of Directors

At the Meeting, all director nominees listed in the Company’s management information circular (the “Circular”) dated May 7, 2019, were elected as directors of the Company. The detailed results of the vote by ballot are as follows:

Director

Vote Type

Number of Votes

Percentage of Votes

A. Terrance MacGibbon

For

59,351,464

89.78

Withheld

6,752,528

10.22

Andrew B. Adams

For

59,453,630

89.94

Withheld

6,650,362

10.06

James A. Crombie

For

56,844,198

85.99

Withheld

9,259,794

14.01

Franklin L. Davis

For

58,808,298

88.96

Withheld

7,295,694

11.04

David A. Fennell

For

53,250,619

80.56

Withheld

12,853,373

19.44

Michael D. Murphy

For

53,377,678

80.75

Withheld

12,726,314

19.25

William M. Shaver

For

65,952,599

99.77

Withheld

151,393

0.23

Elizabeth A. Wademan

For

61,794,588

93.48

Withheld

4,309,404

6.52

Frederick M. Stanford

For

65,975,869

99.81

Withheld

128,123

0.19

Item 2. Appointment of Auditor

By a vote by way of show of hands, KPMG LLP, Chartered Public Accountants, was re-appointed as auditors of the Company.

Item 3. Approval of Unallocated Share Units under the Employee Share Unit Plan

On a vote by ballot, a resolution was passed whereby the unallocated share units under the Employee Share Unit Plan were approved and authorized until the date of the Company’s annual shareholders’ meeting to be held in 2022.

Votes For

% Votes For

Votes Against

% Votes Against

39,758,550

60.15

26,345,442

39.85

Item 4. Approval of Unallocated Options under the Stock Option Plan

On a vote by ballot, a resolution was passed whereby the unallocated options under the Stock Option Plan were approved and authorized until the date of the Company’s annual shareholders’ meeting to be held in 2022.

Votes For

% Votes For

Votes Against

% Votes Against

56,548,094

85.54

9,555,898

14.46

Item 5. Approval of Unallocated Restricted Share Units and Amendments to the Restricted Share Plan

On a vote by ballot, a resolution was passed whereby (i) the unallocated restricted share units under the Restricted Share Plan were approved and authorized until the date of the Company’s annual shareholders’ meeting to be held in 2022; and (ii) the amendments to the Restricted Share Plan, as more particularly described in the Circular, were approved.

Votes For

% Votes For

Votes Against

% Votes Against

39,639,647

59.97

26,464,345

40.03

Item 6. Executive Compensation

On a vote by way of show of hands, a non-binding advisory resolution was passed accepting the approach to executive compensation disclosed in the Circular and delivered in advance of the Meeting. The proxy voting results are as follows:

Votes For

% Votes For

Votes Against

% Votes Against

64,800,234

98.04

1,294,008

1.96

The formal report on voting results with respect to all maters voted upon at the Meeting will be filed on SEDAR at www.sedar.com. A copy of the presentation given at the Meeting will be available on the Company’s website at www.torexgold.com.

About Torex Gold Resources Inc.

Torex is an intermediate gold producer based in Canada, engaged in the exploration, development and operation of its 100% owned Morelos Gold Property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometers southwest of Mexico City. The Company’s principal assets are the El Limón Guajes mining complex (the “ELG Mine Complex”), comprised of the El Limón, Guajes and El Limón Sur open pits, the El Limón Guajes underground mine including zones referred to as Sub-Sill and El Limón Deep, and the processing plant and related infrastructure, which is in the commercial production stage as of April 1, 2016, and the Media Luna deposit, which is an early stage development project, and for which the Company issued an updated preliminary economic assessment in September 2018. The property remains 75% unexplored.

For further information, please contact:
TOREX GOLD RESOURCES INC.

Fred Stanford
President and CEO
Direct: (647) 260-1502
Email: fred.stanford@torexgold.com

Dan Rollins
Vice President, Corporate Development & Investor Relations
Direct: (647) 260-1503
Email: dan.rollins@torexgold.com

You can view the Next News item:July 9th, 2019, Torex Reports Record Quarterly Gold Production

You can view the Previous News item:June 20th, 2019, Torex Announces Maiden Mineral Reserves for ELD Underground

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