Torex Gold Responds to Recent Shareholder Letter

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TORONTO, Oct. 09, 2019 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) maintains regular and open dialogue with all shareholders and stakeholders. As part of our open dialogue, we welcome and consider all feedback from shareholders and consider such feedback in the Board’s regular review processes. The Board, as it always has, uses best practices to ensure that there are no circumstances which would interfere with the execution of a director’s fiduciary responsibility to Torex and its shareholders.

As described in Torex’s public disclosures, the Company’s long-term strategy is to develop a sustainable, multi-asset, mining business by:

In the context of the Company’s long-term strategy of developing a sustainable, multi-asset, mining business, Torex regularly assesses a range of alternatives that may include transactions that fit Torex’s stringent criteria, provided such a transaction is accretive to shareholder value on a per share basis. Although it is the Company’s policy to avoid commenting on market speculation and rumours, Torex confirms it is not in dialogue with or considering a transaction with any resource company and, to clarify recent incorrect market speculation and rumours, Torex is not in dialogue with or considering an acquisition or transaction with TMAC Resources Inc.  

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Globe Newswire: 00:30 GMT Thursday 10th October 2019

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