The content of this release has been translated using machine translation software.

VANCOUVER, BC/ACCESSWIRE/March 13, 2023/A Torq Resources Inc. (TSX-V: TORQ)(OTCQX: TRBMF) (“Torq” or the “Company”) is pleased to announce that it has commenced its first drilling program at the Santa Cecilia Gold and Copper Project, located in the world-class region of Maricunga, in northern Chile, approximately 100 kilometers (km) east of the city of Copiapó.

The Santa Cecilia project is located immediately adjacent to the Norte Abierto project, owned by Newmont and Barrick, which includes the Caspiche and Cerro Casale gold and copper porphyry deposits (Figure 1). The initial drill program at Santa Cecilia is expected to consist of a total of approximately 15,000 meters (m) over the next 14 months, with a four-month break scheduled between June and September for the Chilean winter. Approximately 7,000m of drilling is expected to take place in 2024, with the first two holes planned for the northeast flank of the Cerro del Medio target area, where mineralization from a 2012 hole intercepted 925.7m from 0 .21 g/t gold, 0.27% copper and 82 ppm molybdenum in a porphyry system located immediately below the epithermal gold system that was defined from 1988 to 1990 by a major mining company (Figure 2). Importantly, the mineralization intercepted in the 2012 drill hole is known as host rock, and the Company is targeting a higher grade causal intrusion.

A message from Shawn Wallace, CEO and Director:

“This is the first drill program for the Santa Cecilia project in over a decade, since discovery in 2012. We are privileged to follow historic work that has defined 1.5 km of continuous vertical mineralization, beginning at surface in an epithermal gold system and further transformed into copper porphyry mineralization. There are several porphyry centers on this project, so this is just the start of a major drilling campaign which is expected to consist of approximately 15,000m over the next 14 months. local community and are committed to maintaining our mutually beneficial relationship throughout program delivery, which includes ongoing transparent communication through an established committee.

Drilling program:

The first two holes planned at Santa Cecilia will be on the Cerro del Medio target, located at the center of the project, and will target a north-northeast trending structural corridor that could control the location of potential high-grade intrusions. These orientations are similar to the orientation of the high-grade porphyry phase observed in the adjacent Caspiche deposit. Planned drilling is targeting breccia bodies, associated resistivity ridges and magnetic anomalies that are located to the east of historical drilling along the north-northeast trending structural corridor. They are located 500 m east of the historic 2012 porphyry intersection and 500 m in advance along the structural corridor.

Figure 1 – Illustrates the location of the Santa Cecilia project and the surrounding Caspiche and Cerro Casale deposits, held by Newmont and Barrick in the Norte Abierto joint venture, in the Maricunga belt.

Picture 2 – Illustrates the location of the first two holes of Torq’s first drill program on the Santa Cecilia project on the northeast flank of the Cerro del Medio target area.

For more information on Torq resources, contact Natasha Frakes, Vice President, Communications, at (778) 729-0500 or info@torqresources.com.

Torq is a Vancouver-based copper and gold exploration company with a portfolio of blue-chip securities in Chile. The Company is establishing itself as a leader in new explorations in leading mining belts, guided by responsible, respectful and sustainable practices. The Company has been built by a management team that has a track record of successfully monetizing exploration assets and its specialized technical team is recognized for its extensive experience working with large mining companies, backed by strong safety standards and expertise. technical. The technical team includes Chile-based geologists with invaluable local experience and an outstanding track record of major discoveries in the country. Torq is committed to upholding the highest standards of applicable environmental, social and governance practices in the pursuit of historic discovery. For more information, visit www.torqresources.com .

forward-looking information

This press release contains certain statements that may be considered “forward-looking statements”. Forward-looking information is information contained in this release regarding expectations regarding any future exploration program. These statements involve known and unknown risks, uncertainties and other factors that could cause the Company’s actual results, performance or achievements to be materially different (positively or negatively) from any future results, performance or achievements expressed or implied. -understood by some of the key statements. possible. See Torq’s Annual Information Form filed November 16, 2022 at www.sedar.com to disclose the risks and uncertainties encountered in this undertaking.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.