INVESTORS CAPITAL STRUCTURE SHARE STRUCTURE As of November 2, 2021 Shares Common shares 85,749,183 Share purchase options1 138,135 Restricted share units2,3 423,136 Performance share units4 479,495 CAPITAL STRUCTURE As of September 30, 2021 Millions USD Cash & Short Term Investments $221.6 Debt $0.0 Lease Obligations $3.8 Net Cash (Debt)5 $217.8 1. Each share purchase option is exercisable into one common share of the Company. 2. Each restricted share unit is redeemable for one common share of the Company. 3. The balance includes both Restricted Share Units (“RSUs”) and Employee Restricted Share Units (“ERSUs”) issued under the Restricted Share Unit Plan (“RSU Plan”) and the Employee Share Unit (“ESU Plan”), respectively. 4. The number of performance share units that vest is determined by multiplying the number of units granted to the participant by an adjustment factor, which ranges from 0 to 2.0. Therefore, the number of units that will vest and be settled may be higher or lower than the number of units originally granted to a participant. The adjustment factor is based on the Company’s total shareholder return relative to a group of comparable companies over the applicable period. Under the terms of the plan, the Board of Directors is authorized to determine the adjustment factor. 5. Refer to the 'Non-IFRS Financial Performance Measures' in the Company's September 30, 2021 MD&A for further information and a detailed reconciliation. WHY INVEST? INVESTOR CENTRE FINANCIAL REPORTS PRESENTATIONS UPCOMING EVENTS CAPITAL STRUCTURE ANALYST COVERAGE REGULATORY FILINGS / AGM SUBSCRIBE LEGAL SUBSCRIBE TO EMAIL UPDATES SIGN UP HEAD OFFICE Exchange Tower 130 King St. West, Suite 740 Toronto, ON Canada M5X 2A2 Tel: 647.260.1500 Fax: 416.304.4000 ABOUT US ASSETS RESPONSIBLE MINING/ESG INNOVATION INVESTORS NEWS & MEDIA CAREERS CONTACT LEGAL © 2021 Torex Gold Resources Inc. All Rights Reserved.