Timmins Gold Corp. (the "Company") announces it has entered into an agreement to retain the services of Grandich Publications LLC ("Grandich Publications"), to provide an investor relations and communications program for the Company for a period of one year. Peter Grandich is the founder and managing member of Grandich Publications. Grandich Publications publishes The Grandich Letter. First published in 1984, The Grandich Letter provides stock market and economic commentary. In addition, Grandich Publications also provides a variety of services to publicly-held corporations on a compensation basis. Mr. Grandich is a long-standing member of The New York Society of Security Analysts and The Society of Quantitative Analysts.
Grandich Publications will receive a fee of US$2,000 per month commencing August 1st and has been granted 100,000 stock options for a period of five years. The options are exercisable at $0.50 per share and vest as to 25% every three months during the first year of the options. The agreement is subject to the acceptance of the TSX Venture Exchange. The Company and Grandich Publications are at arms length.
On behalf of the Board of Directors
TIMMINS GOLD CORP.
Per: "Bruce Bragagnolo"
CEO and Director
For Investor Relations, contact:
Vancouver, BC, Canada
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.