High Gold Mineralization Identified

VANCOUVR - Timmins Gold Corp. reported that recent diamond drilling at its flagship San Francisco Mine, Sonora state, Mexico, has confirmed the presence of at least three, high-grade, sub-parallel, gold bearing structures, all of which are located approximately 50-100 meters from surface along the south wall of the current open pit. Exploration information indicates that the lenses extend up to 300 m along strike and 200 m down dip. Select results include: 4.5 m averaging 5.5 g/t Au at 9 m downhole (TFD-153); and 3.0 m averaging 6.2 g/t Au at 6 m downhole (TFD-160).

CEO Bruce Bragagnolo said, Results from our drill programs underneath and along the edge of the San Francisco pit indicate the potential to increase the mineral reserves and resources at San Francisco and also improve our average grade. The drilling beneath the pit has confirmed our geological theory that the high grade structures are relatively continuous along the south wall of the pit and may extend along strike underneath the ultimate pit design. It also appears that these structures may extend beyond the eastern edge of the pit. The proximity of the mineralization to the existing pit suggests that it may be accessible by means of limited underground development from the current open pit. Given the size and grade of the structures, underground mining at the pit may offer significant economic benefits, which our technical staff will continue to evaluate during 2015. Additionally, the Company carried out an RC drill program adjacent to existing pit operations which has supported the interpretation of the underground structures and which demonstrates the potential for higher near-term open-pit grades at current operations. Select results include: 29.0 m averaging 3.5 g/t Au at 18 m downhole (TF-3609); and 13.8 m averaging 8.0 g/t Au at 46 m downhole (TF-3594).