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Press release from Marketwire

Torex Announces the Results of Its 2014 Meeting of Shareholders

Friday, June 27, 2014

Torex Announces the Results of Its 2014 Meeting of Shareholders

06:00 EDT Friday, June 27, 2014

TORONTO, ONTARIO--(Marketwired - June 27, 2014) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX:TXG)(TSX:TXG.WT) announces the results of its 2014 annual and special meeting of shareholders (the "Meeting") held in Toronto, Ontario on June 26, 2014.

At the Meeting, all director nominees listed in the Company's management information circular dated May 14, 2014 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
573,469,556
52,700
99.99%
0.01%
Michael Murphy For
Withheld
544,438,056
29,084,200
94.93%
5.07%
A. Terrance MacGibbon For
Withheld
564,990,362
8,531,894
98.51%
1.49%
David Fennell For
Withheld
405,409,445
168,112,811
70.69%
29.31%
James Crombie For
Withheld
399,401,665
174,120,591
69.64%
30.36%
Frank Davis For
Withheld
417,624,520
155,897,736
72.82%
27.18%
Andrew Adams For
Withheld
422,624,520
151,438,136
73.60%
26.40%

In addition, at the Meeting, shareholders reappointed KPMG LLP, Chartered Accountants ("KPMG"), as auditors of the Company, and ratified and confirmed the adoption of the Company's shareholder rights plan.

The Company believes that the number of votes withheld from voting for certain of the director nominees that form the Company's audit committee result from a report issued by Glass Lewis & Co. ("Glass Lewis"), a proxy advisory service firm. The report recommended that votes be withheld for nominee directors that form the Company's audit committee and for the appointment of KPMG as auditors because fees paid to KPMG during 2013 for non-audit related services exceeded fees paid for audit related services. During the year, the Company undertook a number of financing initiatives, certain of which required the Company to retain KPMG to provide services in respect of several non-audit related matters. The Company was not provided with an opportunity to respond to or comment on the Glass Lewis report before it was issued. The Company believes the increase in non-audit related fees paid to KPMG in 2013 was justified and necessary, and is confident that had it been afforded an opportunity to respond to the report before it was issued, the fees in question would not be seen as being excessive.

The formal report on voting results with respect to all matters voted upon at the Meeting will be filed on SEDAR at www.sedar.com.

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 and 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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
Torex Gold Resources Inc.
Fred Stanford
President and CEO
(647) 260-1502
fred.stanford@torexgold.com


Torex Gold Resources Inc.
Gabriela Sanchez
Vice President Investor Relations
(647) 260-1503
gabriela.sanchez@torexgold.com
www.torexgold.com

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