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Timmins Gold Completes Amendment to Credit Facility With Sprott Resource Lending Partnership

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/24/14 -- Timmins Gold Corp. (TSX: TMM)(NYSE MKT: TGD) (the "Company"). Further to its news release of December 16, 2013, the Company is pleased to announce it has amended its C$18 million credit agreement with Sprott Resource Lending Partnership (the "Lender").

The amended credit agreement has a term of 12 months from January 1, 2014. Interest is payable in monthly installments at the rate of 9% per annum. Payment of the principal amount outstanding will be made prior to or at the end of the term. In consideration of the extension, 300,000 common shares of the Company (the "Bonus Shares") at a deemed price of $1.20 per share were issued to the Lender, representing 2% of the principal amount of the loan. The Bonus Shares are subject to a four months and one day hold period expiring May 25, 2014.

On behalf of the Board:

Bruce Bragagnolo, LLB, Chief Executive Officer

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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While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgement regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law, Timmins Gold does not intend to update any forward-looking statements to conform these statements to actual results.

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