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Development - Torex Gold Resources Inc.

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18<br />

Path Forward<br />

Project De-risking<br />

‣ Completed project de-risking<br />

o Land leases obtained<br />

o Water concession granted<br />

o Positive Feasibility<br />

o Agreement for village relocation<br />

‣ Next items<br />

o Schedule<br />

o Cost<br />

• EIA (MIA) and ETJ permits expected<br />

• Dozer access trails<br />

• Haul road/access roads<br />

• Scope, unit cost, and schedule management process established<br />

• Experienced construction management team in place<br />

o Village relocations<br />

• Urban concept design complete and tender to begin<br />

o Completion of Environmental Social Impact Assessment<br />

• Baseline field work well underway

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