Timmins Gold Reports Record Production of 29,139 Gold Ounces for the Third Quarter of 2013

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 9, 2013) - Timmins Gold Corp. (TSX:TMM)(NYSE MKT:TGD) is pleased to report preliminary production results for the Company's third quarter ended September 30, 2013. The Company achieved record gold production of 29,139 ounces for the quarter for an increase of 15.8% over the same period last year.

Other operational highlights for the quarter include:

1. The replacement of an existing crusher with a higher capacity unit at the original crushing circuit
2. The installation of a new screen at the original crushing circuit
3. The installation of the replaced crusher at the second crushing circuit
4. Achievement of crushing throughput in excess of 24,000 t/d for 7 of the last 11 days of September
5. Increased operational efficiency from the new carbon strip columns

"The crusher expansion which is designed to increase throughput to a minimum of 24,000 t/d was completed in the latter part of September. Our expansion construction is now complete including the construction of 25 hectares of new leach pads which will satisfy our leach pad requirements until late 2015," stated Bruce Bragagnolo, CEO of Timmins Gold. "We had a record production quarter and anticipate further increases in gold production as the increased ore tonnage is processed. The Company is well positioned to continue to generate good margins and free cash flow at current gold prices."

When the Company gave its production guidance of a minimum of 125,000 ounces for 2013 it had planned to install a third crushing unit by the end of the second quarter. In the second quarter, in order to conserve cash due to the decline in the gold price, the Company deferred the construction of the third crushing unit. Despite best efforts to make up production, original production guidance was not achievable without the third unit. The Company now projects annual gold production of 118,000 ounces which will be a 25% increase over the prior year.

The realized gold price for the quarter was $1339 per ounce which was $13 per ounce higher than the average spot price of $1326 per ounce.

The resource/reserve update and mine plan will be released shortly.

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 judgment 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.