Mr. Bruce Bragagnolo reports

TIMMINS GOLD CORP. ANNOUNCES BOUGHT DEAL OFFERING OF COMMON SHARES

Timmins Gold Corp. has entered into an agreement with RBC Capital Markets and a syndicate of underwriters, pursuant to which they have agreed to purchase, on a bought deal basis, 16.67 million common shares of Timmins Gold at a price of $1.50 per share, for gross proceeds to Timmins Gold of approximately $25.0-million. In addition, Timmins Gold has agreed to grant to the underwriters an option to purchase up to an additional 2,500,500 common shares on the same terms and conditions as the offering, exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the offering. In the event that the option is exercised in its entirety, the gross proceeds of the offering to Timmins Gold will be approximately $28.8-million.

The net proceeds of the offering will be used for general corporate purposes, including repayment of debt and working capital needs.

The common shares to be issued under this offering will be offered by way of a short form prospectus in British Columbia, Alberta and Ontario.

The offering is scheduled to close on or about Feb. 11, 2014, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange, NYSE MKT and the securities regulatory authorities.

We seek Safe Harbor.