Torex And Lenders Sign Waiver On Liquidity Covenant


TORONTO, Ontario, December 22, 2017 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) announces that its wholly owned subsidiary, Minera Media Luna, S.A. de C.V. (MML), has received a waiver signed by BNP Paribas, as Administrative Agent, on behalf of the Lenders to lower the liquidity covenant threshold in the credit agreement of July 21, 2017, from $50 million to $30 million until January 31, 2018, with the proviso that the remaining $25 million available under the credit agreement, and not yet drawn, is counted toward meeting the liquidity covenant threshold but it may not be drawn by MML. In addition, the Company provided an update on the current situation at the ELG site.

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