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Torex Gold obtains a major environmental permit from Media Luna, a Canadian business journal.

MIA Integral enables integrated operations for both ELG and Media Luna.
(All amounts are in US dollars unless otherwise stated)

TORONTO, Oct. 03, 2022 (GLOBE NEWSWIRE) — Torex Gold Resources Inc. (“we” or “Torex”) (TSX: TXG) is pleased to announce that we have received approval from Mexico’s Secretariat for the Environment and Natural Resources (“SEMARNAT”). announced that it had received ) has culminated in an environmental permit for the Media Luna project. This approval (“MIA Integral”) builds on the receipt of his MIA amendment received last year, which enabled the start of operations at Media Luna and the execution of development activities south of the Balsas River. increase. The company has also received approval to increase its on-site power consumption to 45 megawatts (“MW”).

Torex President and CEO Jody Kuzenko said:

“The receipt of the MIA Integral is another important milestone in the de-risking of the Media Luna Project, demonstrating the continued support of the local community and the commitment of the state and federal governments to both the social and environmental aspects of this project. shows further support for

“MIA Integral will consolidate the environmental requirements on both sides of the Balsas River under a single permit, following the MIA Land Use Change Permits and Change Permits received over the past two years. As a result, the company now has all the necessary environmental approvals for the development and operation of Media Luna, and discussions are underway regarding future pit tailing deposition and expansion of exploration boundaries.

“We also recently received approval to increase our electricity consumption at Morelos to 45 MW to accommodate our activities at both ELG and Media Luna. Discussions are also underway with utilities authorities to further increase power consumption to 65 MW.”

Torex, a Canada-based intermediate gold producer, explores and develops the wholly owned Morelos property, a 29,000-hectare area in the highly promising Guerrero Gold Belt, located 180 kilometers southwest of Mexico City. , is engaged in the operation of The Company’s principal assets are the Morelos Complex, which includes the El Limon Guajes (“ELG”) mining complex, the Media Luna Project, processing plants and related infrastructure. Commercial production from the Morelos Complex began on April 1, 2016 and the latest Technical Report for the Morelos Complex was released in March 2022. Torex’s primary strategic goals are to scale and optimize production from the ELG mining complex, reduce risk and move Media Luna forward. Building on ESG excellence through to commercial production and growing through ongoing exploration across Morelos properties.

For more information, please contact:

Torex Gold Resources Co., Ltd.
Jody Kuzenko Dan Rollins
Representative Director and President Senior Vice President of Corporate Development and Investor Relations
Direct: (647) 725-9982 Direct: (647) 260-1503
[email protected] [email protected]


Forward-Looking Information
This press release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes expanding and optimizing production from the ELG mining complex, de-risking Media Luna and advancing to commercial production, building ESG excellence, and Torex’s major commitments to grow through ongoing research. strategic objectives, including but not limited to: Entire Morelos property. In general, forward-looking information and statements use forward-looking terms such as “forecast,” “plan,” “forecast,” “strategic,” or variations of such words or phrases, or specific actions, It can be identified by using the description of the event. OR RESULTS ‘HAPPEN’, ‘Could’, ‘Could’ or ‘Could’. Forward-looking information is subject to known and unknown risks, uncertainties and our actual results, level of activity, performance or performance may differ materially from those expressed or implied by such forward-looking information. Subject to other factors that may be contributing factors. Risks and uncertainties regarding our ability to meet the MIA Integral and ELG Mine Complex Life of ELG Mine Complex Life with an effective date of March 16, 2022, NI 43-101 Technical, released March 31, 2022. Report the Mine Plan and Media Luna Feasibility Study, the company’s annual information form and management’s discussions and analysis, or other unknown but potentially material impacts. assumptions made in the technical report and other reasonable assumptions, estimates, analyzes made in light of management’s experience and perception of trends, current conditions and expected developments and other factors; Based on opinions, management believes such statements are relevant and reasonable under the circumstances as of the date they are made. Although we have made every effort to identify important factors that could cause results to differ materially, there could be other factors that could cause results to differ materially from expectations. There can be no assurance that such information will prove to be accurate, as such information may differ materially from those expected of such information, and readers should not place undue reliance on forward-looking information. No. We do not undertake to update any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

CBJ Newsmaker

Torex Gold obtains a major environmental permit from Media Luna, a Canadian business journal.

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