To: Goose94 who wrote (21292 ) 11/10/2016 7:40:39 AM From: Goose94 Read Replies (1) | Respond to of 203017 Timmins Gold (TMM-T) Announces C$20 Million Bought Deal Offering of Units Nov 10, '16 - NR Timmins Gold is pleased to announce that it has entered into an agreement with a syndicate of underwriters, led by National Bank Financial Inc. and RBC Capital Markets (the "Underwriters") pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 36,400,000 units of the Company (the "Units") at a price of C$0.55 per Unit for gross proceeds to the Company of approximately C$20 million (the "Offering"). Each Unit will consist of one common share of Timmins Gold (each, a "Common Share") and one half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one common share of Timmins Gold at a price of C$0.70 at any time prior to the date which is 18 months following completion of the Offering. In addition, Timmins Gold has granted the Underwriters an option (the "Underwriters' Option"), exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the Offering, to purchase up to an additional 15% of the number of Units solely to cover over-allotments, if any, and for market stabilization purposes. The Underwriters can elect to exercise the option for Units, Common Shares only, or Warrants only, or any combination thereof. The net proceeds of the Offering will be used for exploration, preconstruction activities at the Ana Paula project, working capital and general corporate purposes. The Units to be issued under this Offering will be offered by way of a short form prospectus in all of the provinces of Canada, except Quebec. The Offering is scheduled to close on or about November 30, 2016 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. Timmins Gold Corp. Mark Backens Interim CEO and Director 604-638-8980 mark.backens@timminsgold.com www.timminsgold.com