Torex Gold Resources Inc. announced an updated mineral resource estimate and mineral reserves estimate for its ELG Mine Complex located in southwest Mexico. The announcement includes a maiden high grade, mineral reserve and mine plan for the Sub-Sill. The estimates were prepared in accordance with National Instrument 43-101 ("NI 43-101") and CIM Definition Standards. The mineral resource remains open in three directions. The In-fill drill program had a 100% success rate in upgrading Inferred mineral resource tonnes to Indicated mineral resource tonnes. The mineral reserve includes 71% of the Indicated mineral resource ounces at a 4.6 g/t cut-off-grade. Inferred ounces are not included. Estimated $86 million of before tax, free cash flow. Estimated 29 months of production, delivers 480,000 tonnes at 11.65 g/t, containing 180,000 Au ounces, 8 months to get to the steady state production rate of 850 tonnes per day. 76,000 tonnes at 15.30 g/t Au while main ventilation and electrical infrastructure are being established, 11 months at 850 tpd producing 283,000 tonnes at 11.40 g/t Au, for the remaining 10 months, the current mineral reserve supports the mining of 120,000 tonnes, at 9.93 g/t Au, additional drilling is planned with the objective of upgrading inferred mineral resources, identifying additional mineral resources, and extending the mine life. Recoveries average 84.4% over the mine plan, 88.30% when Cu grade is less than 0.1%. 85.8% when Cu grade is between 0.1%, and 1% and 80.1% when Cu grade is greater than 1%. The average expected Ag recovery is 26.2% for the mine plan. Total Cash Cost of $479/Au Oz and All In Sustaining Cost (AISC)(1) of $512/Au Oz, mining costs average $110/tonne over the mine plan. Processing and G&A are the same as for the ELG open pits. Total capital required is $23M, of which, $22M will be spent in the first year. There are 6 mining areas in the Sub-Sill mine plan, that range in size from 40 ­ 100m length on strike, 40 ­200m on plunge, and 3.5 to 25m thick dipping at an average of 24°, the mining method is post pillar, cut and fill. A post pillar mechanized cut and fill mine plan has been designed using the updated Mineral Resource Estimation and geological model resulting in a high grade, Probable Mineral Reserve, of 0.48 million tonnes at 11.65 g/t Au for 180,000 gold ounces at an average in situ cut-off grade 4.60 g/t Au cut-off grade. The mine plan is expected to deliver 480,000 tonnes of high grade (11.65 gpt Au) ore containing 180,000 Au ounces to the ELG Processing Plant over a 29-month period. The Mine is expected to ramp up over an 8-month period with estimated production of 76,000 tonnes at 15.30 g/t Au while main ventilation and electrical infrastructure are being established. Steady state production is expected to continue for 11 months with estimated production of 283,000 tonnes (850 tpd) at 11.40 g/t Au, the main constraint being backfilling rate. For the remaining 10 months, the mine plan is expected to deliver 120,000 tonnes (400 tpd) at 9.93 g/t Au. Sub-Sill ore is expected to perform well in the existing Plant with expected Au recoveries ranging from 88.30% when Cu grade is less than 0.1%, 85.8% when Cu grade is between 0.1% and 1% and 80.1% when Cu grade is greater than 1%. The average expected recovery is 84.4% for the mine plan. The expected recoveries for Ag range from 67.3% when Cu grade is less than 0.1%, 37.1% when Cu grade is between 0.1% and 1% and 14.1% when Cu grades are greater than 1%. The average expected Ag recovery is 26.2% for the mine plan. During steady state production (approximately 850 tpd), expected operating costs average $108.35/tonne, including $79.97/tonne mining cost, $19.33/tonne processing and $9.05/tonne in general administration (G&A). Over the 29- month mine plan, operating costs are expected to average $140.86 /tonne.