Torex Signs Ejido Long Term Land Lease Agreement For Media Luna

https://www.torexgold.com/news/torex-signs-ejido-long-term-land-lease-agreement-for-media-luna

TORONTO, Ontario, October 10, 2017 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) is pleased to announce that its wholly owned subsidiary, Minera Media Luna S.A. de C.V., (“MML”) has signed a long term, common land, lease agreement with the Puente Sur Balsas Ejido for the use of the land required for the exploration, construction, and mining of minerals at its Media Luna Gold Project in Southwest Mexico. The agreement can be revoked at the company’s discretion, with one year’s notice. The agreement satisfies the land access requirement that is a pre-condition to entering the regulatory process to obtain permits for the potential development and operation of a future Media Luna mine.

Fred Stanford, President & CEO of Torex stated: “The signing of this 25-year land lease agreement achieves another important milestone along the path to the development of the Media Luna project. I commend the Ejido members and our community relations team for conducting productive negotiations that quickly delivered a mutually beneficial outcome. Now we can all look forward to the next stages of project development, and the tremendous potential this project offers to create value.”

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