NYSE MKT: TGD • $0.48     TSX: TMM • $0.65     Gold: 1256.84


Grant of Stock Options

December 31, 2008

Timmins Gold Corp. (the "Company") announces that it has granted up to 1,000,000 incentive stock options at a price of $0.50 per share exercisable until December 31, 2010, subject to the approval of the TSX Venture Exchange Inc.

On behalf of the Board of Directors


Per: "Bruce Bragagnolo"
Bruce Bragagnolo
CEO and Director

For further information, contact:

Bruce Bragagnolo, LLB
Vancouver, BC, Canada
Tel: 604-638-8980

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. 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 out 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 suggests herein. Except as required by applicable law the Company does not intend to update any forward-looking statements to conform these statements to actual results.