Torex Gold Announces Appointment of Chief Financial Officer

Dan Rollins to assume the role of CFO in mid-June when Andrew Snowden takes seat as CEO

Toronto, Ontario--(Newsfile Corp. - May 20, 2026) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) (OTCQX: TORXF) is pleased to announce the appointment of Dan Rollins as the Company's Chief Financial Officer ("CFO"). Mr. Rollins, who currently serves as the Company's Senior Vice President, Corporate Development & Investor Relations, will replace Andrew Snowden following the Company's Annual and Special Shareholder Meeting (the "Meeting") on June 17, 2026, at which time Mr. Snowden will assume the role of President and CEO.

Jody Kuzenko, President & CEO of Torex, stated:

"Over the past seven years at Torex, Dan has played a central role in shaping the Company's corporate strategy and has earned the respect of his colleagues and the investment community alike. In addition to his exceptional work leading the Company through recent acquisitions and his deep knowledge of all aspects of the business, Dan brings strong analytical capability, deep capital markets experience, and a thoughtful, structured approach to financial decision-making that will serve him well as CFO.

"As Andrew assumes the role of CEO, Dan's appointment as CFO will continue to support ongoing continuity and a seamless leadership transition at a time when the Company is generating significant free cash flow and remains focused on maximizing shareholder returns. I cannot think of two better leaders than Andrew and Dan to lead the Company into this new and exciting chapter for Torex."

Dan Rollins has close to 25 years of metals and mining industry-related experience with 12 years of experience within sell-side equity research. Mr. Rollins joined the Torex team in 2019 from RBC Capital Markets, where he provided investment research on precious metal companies and the broader precious metal sector to institutional investors. Prior to RBC Capital Markets, Mr. Rollins was employed in a similar role by UBS Securities Canada. He started his career at Noranda/Falconbridge where he was involved in the sale of refined zinc metal. Mr. Rollins is a Chartered Financial Analyst and holds a Bachelor of Science (Chemical Engineering) from Queen's University and a Master of Business Administration from the University of Toronto.