Torex Gold Resources Inc.
TSX : TXG

Torex Gold Resources Inc.

February 07, 2015 23:37 ET

Torex Provides an Update on Media Reported Security Incidents in the Municipality of Cocula in Guerrero

TORONTO, ONTARIO--(Marketwired - Feb. 7, 2015) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX:TXG) reports that they have received information that 12 community members, from the vicinity of their construction project, have gone missing from the public highway to Cocula, in the State of Guerrero, and from the public waterways. The whereabouts of these community members is unknown at this time. One of the 12 missing community members works for the company as a labourer and was off duty at the time he went missing. Three others work for contractors to the project. Our thoughts are with the individuals and their families, and our site team is providing support through this difficult time for the community.

The army has returned to the area and is currently conducting operations to determine the whereabouts of the missing community members. The Company curtailed operations on February 7th and through the night, to give the army the opportunity to conduct its operations without the complexity of project generated road traffic.

Torex is a growth-oriented, Canadian-based resource company engaged in the exploration and development 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 two projects: the El Limon-Guajes Project, currently under development, and the Media Luna Project, at an advanced stage of exploration. Torex intends to identify a pipeline of future economic deposits within its property, which remains 75% unexplored.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the availability and performance of construction contractors, suppliers and consultants, the expected completion, commissioning and start-up of the mine and processing facilities of the Project, safety and security, and access to the Project. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "estimates", "intends", "anticipates" or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made at the date that such statements are made. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including those risk factors identified in the Company's annual information form and management's discussion and analysis. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Although the Company believes that the assumptions and expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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