Torex Gold Resources Inc.
TSX : TXG

Torex Gold Resources Inc.

June 09, 2016 20:13 ET

Torex Announces the Results of Its 2016 Meeting of Shareholders

TORONTO, ONTARIO--(Marketwired - June 9, 2016) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX:TXG) announces the results of its 2016 annual and special meeting of shareholders (the "Meeting") held in Toronto, Ontario on June 9, 2016. At the Meeting, all director nominees listed in the Company's management information circular dated May 2, 2016 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
Fred Stanford For
Withheld
588,791,959
216,272
99.96%
0.04%
Michael Murphy For
Withheld
556,100,492
32,907,739
94.41%
5.59%
A. Terrance MacGibbon For
Withheld
490,253,343
98,754,888
83.23%
16.77%
David Fennell For
Withheld
416,271,466
172,736,765
70.67%
29.33%
James Crombie For
Withheld
428,592,106
160,416,125
72.77%
27.23%
Frank Davis For
Withheld
561,586,071
27,422,160
95.34%
4.66%
Andrew Adams For
Withheld
588,366,769
641,462
99.89%
0.11%

In addition, at the Meeting, shareholders: (a) reappointed KPMG LLP, Chartered Public Accountants, as auditors of the Company, (b) approved an employee performance and restricted share unit plan, (c) ratified, confirmed and approved amendments to the Company's incentive stock option plan, and (d) ratified, confirmed and approved amendments to the Company's restricted share unit plan, and (e) approved a special resolution approving the amendment of the Company's articles to consolidate its issued and outstanding common shares on the basis of one post consolidation common share for every ten pre-consolidation common shares.

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.

Torex is an emerging intermediate gold producer based in Canada, engaged in the exploration, development and exploitation 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. Within this property, Torex has the El Limon-Guajes (ELG) Mine, which started production in December 2015, and the Media Luna Project, at an advanced stage of exploration, with a positive PEA completed in July of 2015. The property remains 75% unexplored.

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