Timmins Gold Announces Extension of Credit Facility With Sprott Resource Lending Partnership

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 16, 2013) - Timmins Gold Corp. (TSX:TMM)(NYSE MKT:TGD) is pleased to report that it has agreed with Sprott Resource Lending Partnership (the "Lender") to an extension to the term of its existing $18 million credit facility. The extension is subject to final documentation.

The new credit agreement will have a term of 12 months from January 1, 2014. Interest will be payable at the rate of 9% per annum. Payment of the principal amount outstanding will be made at the end of the term. In consideration of the extension, a bonus payment of 300,000 common shares of Timmins Gold will be issued to the Lender at a deemed price of $1.20 per share. The shares will be subject to a four month hold period.

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) nor the New York Stock Exchange MKT accepts responsibility for the adequacy or accuracy of this news release.

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Certain statements contained herein may constitute forward-looking statements and are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. Forward-looking statements are statements which relate to future events. Such statements include estimates, forecasts and statements as to management's expectations with respect to, among other things, business and financial prospects, financial multiples and accretion estimates, future trends, plans, strategies, objectives and expectations, including with respect to production, exploration drilling, reserves and resources, exploitation activities and events or future operations. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when, and if, a project is actually developed.

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