Torq Resources Inc. announced the results from its rock sampling program from the eastern region of the Santa Cecilia gold - copper project located in the world-class Maricunga belt in northern Chile, approximately 100 kilometres (km) east of the city of Copiapo. The project is located immediately adjacent to the Norte Abierto project, held by Newmont and Barrick, which is comprised of the Caspiche and Cerro Casale gold - copper porphyry deposits. The rock sampling program in the largely unexplored eastern region of the Santaecilia project consisted of a total of 196 samples.

The program was designed to follow up on new soil anomalies identified during Torq's 2023 surface exploration program, with the aim of identifying either outcropping or shallow porphyry targets in the eastern region of the project. The Company's technical team has found that the results from the rock sampling program positively corroborate the soil geochemistry targets from both the Pircas Norte and Gemelos Norte target areas. These areas will be prioritized for the next phase of drilling, anticipated to begin in Fourth Quarter 2023.

Both the Pircas Norte & Gemelos Norte targets demonstrate surface porphyry-style mineralization, where gold-bearing sheeted quartz-magnetite-pyrite veinlets are encountered within dioritic and dacitic porphyry bodies, respectively. The Pircas Norte and gemelos Norte target areas are covered by extensive colluvium and have dimensions of 750 metres (m) by 700 m and 700 m by 500 m, respectively. At Pircas Norte, highlights from selective rock sampling targeting porphyry-style veining include gold grades of 0.3 g/t to 0.83 g/t in banded quartz-magnetite -pyrite veinlets with copper grades ranging from 438 parts per million (ppm) to 0.44%.

At the Gemelos Norte target, highlights from the selective rock sampling targeting porphyRY style veining include gold grades of0.13 g/t to 1.49 g/t. In addition, at Gemelos Norte, two epithermal veins sampled on the southwestern edge of the target area had gold grades of 12.05 g/t and 3.36 g/t and 2.3% copper and 285 ppm copper, respectively. Collectively, the rock sampling results from both Pircas Norte andGelos Norte demonstrate mineralized gold - copper and gold porphyry systems that have not been drill tested. New Target Area: Filo Gemelos: A new target area has been identified in the southeast corner of the project area based on the final results of the property wide soil survey that was conducted on a 70 m by 70 m offset grid.

The Filo Gemelos target measures 450 m by 300 m and is characterized by both the Pircas Norto Gemelos target measures 500 m and is characterized by both a total of 196 samples. The program was designed to follow up on new soil anomalies identified during Torq's 2023 surface exploration program, with the aim of identifying either outcropping or shallow porphyry targets in the eastern region of the project. The Company's technical team has found that the results from the rock sampling program positively corroborate the soil geochemistry targets from both the Pircas Norte and Gemelos Norte target areas.

These areas will be prioritized for the next phase of drilling, anticipated to begin in Fourth Quarter 2023. Both the Pircas Norte and Gemelos Norte targets demonstrate surface porphyry-style mineralization, where gold-bearing sheeted quartz-magnetite-pyrite veinlets are encountered within dioritic and dacitic porphyry bodies, respectively. The Pircas Norte and Gemelos Norte target areas are covered by extensive colluvium and have dimensions of 750 metres (m) by 700 m and 700 m by 500 m, respectively.

At Pircas Norte, highlights from selective rock sampling targeting porphyry-style veining include gold grades of 0.3 g/t to 0.83 g/t in banded quartz-magnetite-pyrite veinlets with copper grades ranging from 438 parts per million (ppm) to 0.44%. At the Gemelos Norte target, highlights from the selective rock sampling targeting porphyry style veining include gold grades of 0.13 g/t to 1.49 g/t. In addition, at Gemelos Norte, two epithermal veins sampled on the southwestern edge of the target area had gold grades of 12.05 g/t and 3.36 g/t and 2.3% copper and 285 ppm copper, respectively. Collectively, the rock sampling results from both Pircas Norte and Gemelos Norte demonstrate mineralized gold - copper and gold porphyry systems that have not been drill tested.

A new target area has been identified in the southeast corner of the project area based on the final results of the property wide soil survey that was conducted on a 70 m by 70 m offset grid. The Filo Gemelos target measures 450 m by 300 m and is characterized by both elevated gold and molybdenum values showing a clear porphyry style signature. Initial rock samples taken from Filo Gemelos that show porphyry style quartz banded veinlets have gold grades of 0.11 g/t and 0.26 g/t. The soil survey results in conjunction with the initial rock sampling results demonstrate further work is warranted at the target area to advance it to drill stage.