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Timmins Gold Intersects 72 Meters of 1.6 gpt Gold, 15 Meters of 4.2 gpt Gold and 14 Meters of 3.2 gpt Gold at San Francisco Pit

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 30, 2013) - Timmins Gold Corp. (TMM.TO)(NYSE MKT:TGD) is pleased to announce that its ongoing drill program continues to extend and expand the mineralization at the San Francisco Gold Mine, located in the State of Sonora, Mexico. The San Francisco Gold Mine is comprised of two pits, the larger San Francisco Pit (SF Pit) and La Chicharra Pit (LC Pit) located approximately 1.5 km to the west. A total of 107,315 meters in 476 holes were drilled from October, 2012 to the end of February, 2013, the highlights of which are reported below. A further 42,000 meters were drilled in March and April mainly at the SF Pit and management estimates that an additional 30,000 meters will be drilled at the SF Pit to the end of May at which point the drill program will be completed. The results of the drilling will be used to provide an updated Technical Report which is expected by August.

San Francisco

A total of 28,170 meters in 125 holes (reverse circulation) were drilled inside, beneath and directly around the SF Pit. Drilling was designed as infill drilling to both fill in voids in the block model and convert existing previously drilled inferred ounces into the measured and indicated categories. Assay results received to date indicate that the program has been successful in reaching these goals. Highlights of the assays received from this program (rounded to the nearest decimal) include 72 meters of 1.6 gpt gold in Hole TF-3115, 27 meters of 2.5 gpt gold in Hole TF-3052, 24 meters of 2.2 gpt gold in Hole TF-3017, 18 meters of 2 gpt gold in Hole TF-3113, 38 meters of 1.2 gpt gold in Hole 3109, 32 meters of 1.3 gpt gold and 6 meters of 3.6 gpt gold in Hole TF-3035, 23 meters of 1.7 gpt gold in Hole TF-3049, 35 meters of 1.2 gpt gold in Hole TF-3126, 15 meters of 4.2 gpt gold in Hole TF-3003 and 14 meters of 3.2 gpt gold in Hole TF-3029.

La Chicharra

Highlights of the assays received from the 51,949 meters drilled in 229 holes (reverse circulation) at LC Pit include 13.7 meters of 2.3 gpt gold in Hole TF-2990, 15 meters of 1.1 gpt gold in Hole TF-2675, 33 meters of 1 gpt gold in Hole TF-2691, 13.7 meters of 1.35 gpt gold in Hole TF-2977, 13.7 meters of 1.2 gpt gold in Hole TF-2907, and 4.6 meters of 6 gpt gold in Hole TF-2939 (all rounded to the nearest decimal). Drilling was designed as infill drilling to both fill in voids in the block model and convert existing previously drilled inferred ounces into the measured and indicated categories. Assay results received to date indicate that the program has been successful in reaching these goals.

San Francisco East

A limited core drill program of four holes was drilled approximately 1 km to the east of the SF Pit. The most significant intercepts were from Hole TFD-141, which was drilled to a depth of 1,304 meters. The drilling intersected numerous lenses of mineralization to the bottom of the hole. The most significant intercepts were 1.5 meters of 15 g/t gold at a depth of 147 meters, 1.5 meters of 6.76 g/t gold at a depth of at 274.5 meters, and 9.00 meters of 8.166 g/t gold which includes 1.50 meters of 47.6 g/t gold at a depth of 288.0 meters. From 465.0 meters to 496.50 meters an interval of 31.50 meters of 0.562 g/t gold including 1.50 meters of 6.041 g/t gold was intersected. The results of this hole are significant since they confirm gold mineralization to a depth of more than 1,000 meters and demonstrate the continuity of the mineral trend along a strike length of at least 4,000 meters.

The tables below highlight the better intercepts from the reverse circulation drilling at San Francisco and La Chicharra from October to the end of February:

San Francisco

Drill Intersections

Drill Hole
Number

Depth
(m)

Section
Line

From
(m)

To
(m)

True
Width (m)

Au
g/t

TF-3003

234.7

640 W

0.00

15.2

15.2

4.3

includes

0.00

3.1

3.1

13.95

includes

6.10

13.7

7.6

2.39

and

19.81

21.3

1.5

0.29

and

76.20

77.7

1.5

0.20

and

85.34

86.9

1.5

0.77

and

105.16

108.2

3.0

0.49

and

118.87

120.4

1.5

0.48

and

123.44

128.0

4.5

0.26

and

141.73

144.8

3.1

0.63

and

152.40

204.2

51.8

0.89

includes

152.40

155.5

3.1

4.36

includes

184.40

187.5

3.1

2.08

and

208.79

213.4

4.6

1.09

includes

208.79

210.3

1.5

2.94

and

217.93

222.5

4.6

0.30

TF-3017

277.37

1060 W

15.24

36.1

20.8

0.36

and

42.67

48.8

6.1

1.94

includes

42.67

45.7

3.1

3.70

and

54.86

67.1

12.2

0.30

and

74.68

91.4

16.8

0.24

and

94.49

105.2

10.7

0.29

and

118.87

143.3

24.4

2.20

includes

124.97

126.5

1.5

2.19

includes

128.02

129.5

1.5

3.95

includes

137.16

140.2

3.1

10.00

and

149.35

155.5

6.1

0.45

and

164.59

170.7

6.1

0.25

and

204.22

205.7

1.5

0.45

and

210.31

228.6

18.3

0.22

and

242.32

243.8

1.5

0.33

and

252.98

256.0

3.1

0.32

TF-3029

307.85

960 W

41.15

50.3

9.1

0.24

and

86.87

102.1

15.2

1.50

includes

89.92

91.4

1.5

9.29

includes

99.06

100.6

1.5

2.26

and

108.20

109.7

1.5

0.12

and

126.49

128.0

1.5

1.73

and

134.11

138.7

4.6

0.34

and

141.73

144.8

3.1

0.29

and

153.92

169.2

15.2

0.50

and

176.78

181.4

4.6

0.59

and

195.07

210.3

15.2

0.67

includes

196.60

198.1

1.5

2.61

includes

204.22

205.7

1.5

2.27

and

220.98

237.7

16.8

0.45

includes

224.03

225.6

1.5

2.14

and

284.99

298.7

13.7

3.21

includes

284.99

291.1

6.1

6.86

includes

284.99

286.5

1.5

9.26

includes

288.04

289.6

1.5

14.00

includes

289.56

291.1

1.5

3.27

TF-3035

182.88

1060 W

1.52

4.6

3.1

0.28

and

45.72

77.7

32.0

1.30

includes

50.29

51.8

1.5

5.54

and

94.49

96.0

1.5

0.38

and

103.63

109.7

6.1

3.56

includes

106.68

109.7

3.1

6.48

and

124.97

126.5

1.5

0.47

and

143.26

144.8

1.5

0.21

and

179.83

182.9

3.1

2.99

includes

179.83

181.4

1.5

5.53

TF-3049

224.03

1000 W

42.67

45.7

3.1

0.24

and

83.82

86.8

3.1

0.39

and

96.01

108.2

12.2

0.59

and

117.34

140.2

22.9

1.71

includes

117.34

118.9

1.5

8.65

includes

121.92

123.4

1.5

4.28

includes

124.97

126.5

1.5

7.02

and

146.30

147.8

1.5

0.21

and

156.97

163.1

6.1

0.20

and

192.02

193.6

1.5

0.20

and

213.36

222.5

9.1

1.52

includes

213.36

214.9

1.5

7.63

TF-3052

249.94

60 W

16.76

21.3

4.6

0.27

and

42.67

48.8

6.1

0.24

and

59.44

64.0

4.6

0.25

and

76.20

77.7

1.5

0.48

and

123.44

134.1

10.7

0.24

and

149.35

150.9

1.5

0.18

and

161.54

189.0

27.4

2.52

includes

172.21

175.3

3.1

19.39

and

219.46

221.0

1.5

0.58

and

236.22

237.8

1.5

0.33

TF-3109

289.56

920 W

0.00

4.6

4.6

0.62

and

13.72

19.8

6.1

0.20

and

42.67

50.3

7.6

0.22

and

56.39

74.7

18.3

0.44

and

103.63

109.7

6.1

1.01

includes

103.63

105.2

1.5

3.58

and

132.59

143.3

10.7

0.27

and

155.45

157.0

1.5

0.19

and

172.21

173.7

1.5

0.50

and

201.17

204.2

3.1

0.34

and

217.93

222.5

4.6

0.90

and

243.84

245.4

1.5

0.26

TF-3113

280.41

780 W

0.00

7.6

7.6

1.47

includes

0.00

1.5

1.5

2.01

and

35.05

41.2

6.1

0.72

and

60.96

79.3

18.3

1.94

includes

62.48

68.6

6.1

4.48

includes

71.63

73.2

1.5

2.14

and

85.34

86.9

1.5

0.53

and

92.96

102.1

9.2

0.21

and

106.68

117.4

10.7

2.23

includes

106.68

108.2

1.5

12.95

and

124.97

189.0

64.0

0.65

includes

124.97

126.5

1.5

3.44

includes

160.02

161.6

1.5

4.43

and

213.36

233.2

19.8

1.08

includes

214.88

216.4

1.5

9.22

and

248.41

251.5

3.1

0.29

and

254.51

256.0

1.5

0.27

TF-3115

260.60

780 W

0.00

15.2

15.2

0.92

includes

10.67

12.2

1.5

4.63

and

38.10

45.7

7.6

2.54

includes

42.67

44.2

1.5

9.50

and

70.10

134.1

64.0

0.50

includes

70.10

71.6

1.5

3.43

and

141.73

153.9

12.2

0.50

and

178.31

181.4

3.1

0.32

and

187.45

259.1

71.6

1.56

includes

205.74

221.0

15.2

4.93

TF-3126

352.04

660 W

9.14

12.2

3.1

0.56

and

21.34

27.4

6.1

0.28

and

32.00

45.7

13.7

0.65

includes

36.58

38.1

1.5

2.05

and

67.06

71.6

4.6

0.27

and

129.54

149.4

19.8

0.67

includes

135.64

137.2

1.5

3.53

and

166.12

173.7

7.6

0.45

and

179.83

181.4

1.5

0.55

and

187.45

193.6

6.1

0.27

and

216.41

217.9

1.5

0.61

and

222.50

228.6

6.1

0.59

and

233.17

268.2

35.1

1.23

includes

240.79

243.8

3.1

6.10

includes

252.98

256.0

3.1

2.90

includes

257.56

259.1

1.5

2.43

and

277.37

312.4

35.1

0.28

and

315.47

326.1

10.7

0.38

La Chicharra

Drill Intersections

Drill Hole
Number

Depth
(m)

Section
Line

From
(m)

To
(m)

True
Width (m)

Au
g/t

TF-2675

231.65

3420W

18.29

19.8

1.5

0.17

and

32.00

38.1

6.1

0.17

and

62.48

64.0

1.5

0.38

and

79.25

94.5

15.2

1.16

includes

83.82

86.9

3.1

3.37

includes

89.92

91.4

1.5

1.48

includes

92.96

94.5

1.5

1.78

and

109.73

112.8

3.1

0.24

and

121.92

123.4

1.5

0.45

and

140.21

144.8

4.6

0.22

TF-2691

249.94

2780W

45.72

51.8

6.1

0.36

includes

47.24

48.8

1.5

1.11

and

71.63

73.2

1.5

0.48

and

164.59

198.1

33.5

1.03

includes

166.12

172.2

6.1

2.60

includes

181.36

185.9

6.1

1.64

includes

196.60

198.1

1.5

1.09

and

217.93

224.0

6.1

0.17

TF-2907

249.94

3460W

57.91

71.6

13.7

1.25

includes

65.53

67.1

1.5

2.26

includes

68.58

70.1

1.5

6.52

and

80.77

85.3

4.6

0.38

and

179.83

184.4

4.6

10.97

includes

181.36

182.9

1.5

32.43

and

188.98

190.5

1.5

0.18

and

205.74

207.3

1.5

0.18

TF-2939

219.46

2940W

36.58

41.2

4.6

5.93

includes

38.10

39.6

1.5

16.60

and

149.35

152.4

3.1

0.23

and

198.12

216.4

18.3

0.31

TF-2990

249.94

3340W

56.39

57.91

1.52

0.488

and

102.11

108.20

6.10

0.257

and

135.64

138.68

3.05

0.774

includes

135.64

137.16

1.52

1.453

and

141.73

143.26

1.52

0.682

and

225.55

239.27

13.72

2.308

includes

234.70

237.74

3.05

8.715

includes

234.70

236.22

1.52

16.190

TF-2977

249.94

3200W

76.20

89.92

13.72

1.347

includes

85.34

88.39

3.05

4.704

and

131.06

134.11

3.05

0.211

and

144.78

147.83

3.05

0.197

The size of the gold mineralization zone, its presence within large shear zones and the continuous nature of the gold within these zones form the basis of management's belief that the ongoing drill program could lead to a significant increase in the estimated mineral resources at the San Francisco mine and could potentially also lead to the discovery of additional satellite deposits within Timmins Gold's existing land package. The orogenic nature of the deposit may provide the potential for the discovery of high grade feeders at depth.

Strict sampling and QA-QC protocol were followed to ensure the best practices in sampling and analysis of the drill samples. Duplicates, standards and blanks were inserted into the sampling stream at intervals of 25 samples. Assays were performed by Inspectorate and ALS Chemex Labs and a minimum of ten per cent of the original samples assayed by Inspectorate were sent to other independent labs for check assays. The check assays were cross-referenced and the results verified.

This press release was reviewed and prepared by Lawrence A. Dick, Ph.D., P.Geo, who is a consultant to the Company and is recognized as a Qualified Person under the guidelines of National Instrument 43-101 and by Miguel Soto, P. Geo., a director and the Vice-President of Exploration of the Company. For further information contact Timmins Gold Corp. at 604-682-4002 or go to the website at www.timminsgold.com.

On behalf of the Board:

Bruce Bragagnolo, LLB, Chief Executive Officer

Cautionary Note Regarding Forward-Looking Statements

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, the results of the Company's drilling program, estimated mineral reserves and resources, business and financial prospects, financial multiples and accretion estimates, future trends, plans, strategies, objectives and expectations, including with respect to production, 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.

In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans, "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

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.

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