Torex Reports Second Quarter Results

TORONTO, ONTARIO -- (Marketwire) -- 06/13/11 -- (All amounts expressed in Canadian Dollars unless otherwise stated)

Torex Gold Resources Inc. (the 'Company' or 'Torex') (TSX: TXG) announced today its financial results for the three and six months ended April 30, 2011.

SECOND QUARTER 2011 HIGHLIGHTS

--  Following a temporary suspension of on-site activities at the Morelos
    Gold Project, work at the site resumed subsequent to the quarter-end
    following the implementation of public and internal security north of
    the Balsas River

--  The Company continued to encounter high-grade gold mineralization in
    step-out drilling that is expected to add significant ounces to the
    global resource and extended the known mineralization at all three of
    the Morelos gold deposits

--  Infill drilling also encountered significant intersections of high-grade
    gold mineralization that continued to increase confidence in the current
    resource estimates

--  James Crombie appointed to the board of directors

FINANCIAL HIGHLIGHTS

The net loss for the three and six months ended April 30, 2011 increased to $7.6 million and $13.7 million compared with a loss of $3.3 million for the three months and $7.4 million for the six months ended April 30, 2010. Exploration and project development expenditures totalled $7.1 million and $11.5 million during the three and six months ended April 30, 2011 compared to $0.8 million and $0.9 million in the same periods in 2010. This increase was partially offset due to a year-over-year decrease in stock-based compensation and an increase in the provision for future income tax recovery. The Company's cash position decreased by $15.6 million during the first half of fiscal 2011 compared with an increase of $60.3 million in 2010. At April 30, 2011, the Company had $357.9 million in assets including $47.1 million of cash and had a working capital balance of $51.9 million.

A complete set of the Company's unaudited interim consolidated Financial Statements and related Notes for the three and six months ended April 30, 2011 and Management's Discussion and Analysis will be posted on the Company's website at www.torexgold.com and will be filed on Sedar at www.sedar.com.

Torex Gold Resources Inc. is a well funded, growth-oriented, Canadian mining company engaged in the exploration and development of precious metal resources with a focus on gold. It owns 100% of the Morelos Gold Project, an advanced stage gold exploration property, located 180km southwest of Mexico City in the highly prospective Morelos Gold Belt. The project covers an area of 29,000ha of which more than 75% remains 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, information with respect to future exploration and development plans concerning the Morelos Gold Project, including expected timing for mobilizing drills on the project, expected drilling results and the timing within which the Company expects to receiving drilling results, anticipated timing for the completion of a pre-feasibility study and other technical studies on 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 the risk factors disclosed elsewhere in the Company's public disclosure. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained herein is presented for the purposes of assisting investors in understanding the Company's expected financial and operating performance and the Company's plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Contacts:

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