“This new discovery underscores the strong potential for new wide, high-grade silver and gold mineralization in the Panuco district, which has historically seen limited systematic exploration,” commented Michael Konnert, President & CEO.

President, Scott Emerson, commented: “The 3D IP Survey both confirmed and further defined key targets and gives us great confidence to have a successful drilling program.”

“Core drilling has just returned the highest-grade interval ever outside of the Main Zone, located 300 meters away on an emerging trend.” commented, CEO Brodie Sutherland. “The best part is that it is only meters below the surface allowing us to easily access the area with trenching we have planned in the next phase of exploration.”

“We are pleased to have discovered high grade gold and silver mineralization along the largely untested North Hill Trend, which lies approximately 300 metres away from the Main Zone Trend. The reported 3.0 metre interval of 21.6 g/t gold, 209 g/t silver, 6.71% lead, and 1.58% zinc (starting 8.3m below surface) among other notable gold and silver intervals in hole JES-25-108 provides further substantial evidence that the gold and silver mineralization at the shared El Pilar project could be expanded significantly and create even more meaningful value for our respective shareholders.”

Mr. Ralph Shearing, CEO, commented, “The upside potential at Cerro Prieto is incredibly exciting, promising substantial expansion and new opportunities for growth. We intend to maximize and optimize this mine to its very best performance. As our foundational asset, Cerro Prieto will remain central to our strategy as we advance toward becoming a leading intermediate gold producer.”

Jody Kuzenko, President and CEO of Torex, stated: “Following almost three years to the day of the release of our feasibility study for the Media Luna Project, we have completed the tie-in period at our processing plant and achieved first production of copper concentrate. This milestone represents substantial completion of the project and the beginning of the next chapter in the evolution and growth of Torex as we become a gold and copper producer.”