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PRESS RELEASE

from Torq Resources Inc.

Torq Defines 800-metre Mineralized System at the Margarita Project

VANCOUVER, BC / ACCESSWIRE / November 28, 2022 / Torq Resources Inc. (TSX-V:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce that it has defined a gold - copper mineralized system over an 800 metre (m) strike length at the Falla 13 discovery at its Margarita project located in northern Chile, approximately 65 kilometres (km) north of the city of Copiapo. Highlights from the recently completed reverse circulation (RC) drill program include: 64 m of 0.63 g/t gold (Au) and 0.63% copper (Cu) in 22MAR-017R, 130 m of 0.36 g/t Au and 0.28% Cu (including 30 m of 1.02 g/t Au and 0.57% Cu) in 22MAR-023R, and 62 m of 0.51 g/t Au and 0.38% Cu (including 16 m of 1.6 g/t Au and 0.98% Cu), in 22MAR-024R (Figure 1). Table 1 summarizes all exploration drill holes from the Falla 13 discovery area.

A Message from Shawn Wallace, CEO:

"The successful completion of the second drill program at Margarita marks an important milestone for the project and the Company. We have successfully added dimension and confirmed that the system we are exploring has the potential for continuity of size and grade. It is incredible that less than one year ago, Margarita was a prospect without a single drill hole. Now, as our team begins to plan the next phase of exploration at Margarita, we are also preparing for our inaugural drill program at our Santa Cecilia gold-copper project in the Maricunga belt, which we are also very excited about."

A Message from Michael Henrichsen, Chief Geological Officer:

"With our second phase of drilling complete at the Margarita project we have been able to delineate a mineralized body over an 800 m strike length in a short amount of time. Collectively, the different styles of mineralization encountered, and the two orientations of mineralized structures, demonstrate a robust system with significant potential to both expand the mineralization along the Falla 13 corridor and find new bodies of mineralization at untested, geologically similar targets. Over the next several months we will refine our targets through additional soil sampling with an emphasis on gold, additional induced polarization (IP) lines in the northern region of the project and continued geologic mapping. We look forward to outlining our third phase drill program for the project."

Table 1: Summary of RC drill holes from Margarita Falla 13 discovery:

Hole ID

From

To

Length

Au g/t

Cu %

CuEq %

AuEq g/t

21MAR-013R

(Previously Reported on May 12, 2022)

64

140

76

0.99

1.02

1.74

2.39

Incl.

64

90

26

0.55

0.87

1.27

1.74

And

98

138

40

1.49

1.12

2.21

3.03

294

318

24

0.16

0.10

0.22

0.30

22MAR-014R

(Previously Reported on Sep. 13, 2022)

32

130

98

0.94

0.68

1.37

1.87

Incl.

34

116

82

1.09

0.74

1.53

2.10

180

184

4

0.13

0.06

0.15

0.21

22MAR-015R

76

78

2

0.27

0.05

0.25

0.35

102

110

8

0.43

0.16

0.47

0.65

Incl.

104

110

6

0.53

0.21

0.59

0.82

120

142

22

0.37

0.11

0.38

0.52

Incl.

120

132

12

0.62

0.20

0.65

0.89

150

218

68

0.17

0.12

0.25

0.34

Incl.

180

188

8

0.31

0.20

0.43

0.59

268

270

2

1.22

0.19

1.08

1.48

336

342

6

0.23

0.20

0.37

0.51

22MAR-016R

98

104

6

0.12

0.34

0.43

0.59

114

122

8

0.17

0.23

0.36

0.49

142

164

22

0.13

0.19

0.28

0.39

284

304

20

0.13

0.23

0.32

0.44

22MAR-017R

110

174

64

0.63

0.63

1.09

1.50

Incl.

118

126

8

1.26

1.73

2.65

3.63

And

134

174

40

0.72

0.61

1.13

1.55

200

218

18

0.36

0.49

0.75

1.03

Incl.

208

212

4

1.12

0.69

1.51

2.07

22MAR-018R

4

10

6

0.11

0.22

0.31

0.42

18

102

84

0.34

0.21

0.46

0.63

Incl.

24

34

10

0.33

0.11

0.35

0.49

And

42

58

16

0.25

0.26

0.44

0.61

And

64

68

4

0.34

0.30

0.55

0.75

And

76

100

24

0.67

0.27

0.76

1.04

126

152

26

0.17

0.14

0.26

0.36

Incl.

148

152

4

0.49

0.10

0.46

0.63

160

164

4

0.16

0.43

0.55

0.75

226

232

6

0.27

1.03

1.23

1.68

Incl.

226

230

4

0.35

1.13

1.38

1.89

22MAR-019R

70

72

2

0.60

0.53

0.96

1.32

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