Mr. Mark Backens reports

TIMMINS GOLD SIGNS NEW CREDIT FACILITY TERM SHEET

Timmins Gold Corp. has signed an indicative term sheet with Sprott Resource Lending Partnership and Goldcorp Inc., which outlines the material terms of an amended and restated credit facility that is expected to replace the existing credit facility.

Under the amended and restated terms, Goldcorp would act as co-lender with Sprott in the credit facility and the maturity date of the facility would be extended to June 30, 2016. Additional details of the replacement credit facility will be provided on completion of the facility, which remains subject to the completion of due diligence, the execution of a definitive agreement and satisfaction of the conditions precedent that are customary for a transaction of this nature. Subject to the foregoing, the company anticipates that the facility will be completed by the end of January, 2016.

We seek Safe Harbor.