NYSE MKT: TGD • $0.48     TSX: TMM • $0.65     Gold: 1251.67

2008

Timmins Gold Intersects 11.64 G/T Gold Across 2 Meters, 6.17 G/T Gold Across 3 Meters, and 4.43 G/T Gold Across 4 Meters in Separate Drill Holes at Tequila Project


December 16, 2008

Timmins Gold announces the assay results of an 18 hole, 3,829 meter diamond drill program at its Tequila Project in the state of Jalisco, Mexico. Highlights of the program include Hole BD-1, (results previously announced), that intersected 5.88 g/t gold across 24.3 metres and Hole BD-2, located 50 metres along strike and 50 meters up dip from BD-1 along the Veta Grande Vein system, that returned 2.36 g/t gold across 13 metres. Five of the holes confirmed the continuity of the Veta Grande Vein over 350 meters of strike length. Other significant intersections include 5.6 g/t gold across 1.5 meters in Hole BD-6, 1.82 g/t gold across 23.35 meters, including 11.64 g/t gold across 2 meters in Hole BD-7, 6.17 g/t gold across 3 metres in Hole BD-9 and 4.43 g/t gold across 4 metres in Hole BD-18. Complete assay and analytical results from the above holes are shown in the table below.

Drill Hole   Cross-Section  Mineralization Interval (m) Drill Hole Assay Results Comments 
From To Core Length Au (g/t) Ag (g/t)
BD-1 S-2 23.00 40.00 17.00 1.234 7.6 Veta Grande vein system
includes 23.00 31.00 8.00 1.764 10.1
includes 27.00 29.00 2.00 4.370 27.0
and 94.50 126.80 32.30 4.834 29.0
includes 94.50 98.50 4.00 5.660 39.4 Veta Grande vein system Ore-shoot 1
includes 96.50 98.50 2.00 10.670 69.0
  103.50 109.05 5.55 15.143 8.1 Veta Grande vein system Ore shoot 2
or 107.50 109.05 1.55 40.400 229.1
  109.05 111.80 2.75 No Core (existing adit)
  113.80 118.80 5.00 6.490 40.9  
BD-2 S-2 21.00 43.00 22.00 1.579 6.3 Veta Grande vein system
includes 22.00 23.20 1.20 2.400 --
includes 31.00 44.00 13.00 2.361 -- Ore-shoot 1 Veta Grande vein
includes 34.00 36.00 2.00 3.390 --
includes 40.00 41.00 1.00 3.430 --
and 49.00 50.00 1.00 0.694 8.1
BD-6   30.50 31.50 1.00 0.926 0.7 This hole was focused on exploring the continuity of the high grade gold in the existing underground workings of the Guadalupe vein. Hole BD-06 intersected two intervals that could correspond to the projection at depth of this mineral structure
and 136.00 137.50 1.50 5.640 11.1
BD-7   S-2 22.00 45.35 23.35 1.820 9.1 Veta Grande vein system
includes 25.25 28.35 3.10 3.074 N/A
includes 43.35 45.35 2.00 11.642 N/A
BD-9 S-6 22.00 23.00 1.00 0.890 0.5 Mineralization within the Veta Grande vein system
and 37.00 38.00 1.00 2.370 20.6
and 75.00 78.00 3.00 6.176 31.8
and 104.50 110.50 6.00 1.430 25.3
BD-18 S-3 27.00 30.00 3.00 0.631 1.0 Mineralized intersections within the projection of the mineral trend to the SW
and 48.00 56.00 8.00 0.511 1.5
and 85.00 86.00 1.00 0.738 5.6
and 96.00 100.00 4.00 4.430 48.1

Seventeen of the eighteen holes were focused on testing the down dip continuity of the Veta Grande epithermal vein system that developed within a dilation zone, created by the intersection of two regional fault systems. The NE-SW trending system allowed the formation of a belt of gold occurrences that outcrop along 600+ meters of strike, varying from 0.50 to 15 meters in width. The intersecting NW-SE trending system provided a favorable environment for the emplacement of a system of veins varying from 0.50 to 2 meters in width. The Veta Grande vein is the principal mineralized structure, consisting of an auriferous structural "loop" with several minor splits. The mineralization identified at the Tequila Project is consistent with that of a low sulphidation, "hotspring" type epithermal deposit model characterized by colloidal quartz, advanced argillic alteration and depleted sulphide mineralogy (i.e. pyrite). The gold mineralization is hosted within a quartz stockwork system formed within a brecciated zone of micro veins and veinlets up to 1 meter wide.

Drilling to date has tested only 1/3 of the known strike length of the mineralized system. Of the 18 holes completed, 14 returned economic gold grades over appreciable widths. Five of the holes confirmed the continuity of the Veta Grande Vein over 350 meters of strike length. The Company is currently reviewing the data from the drill program to assess future exploration activity.

Qualified Person

Pursuant to National Instrument 43-101, Darcy Krohman, P.Geo., C.A,. Executive Vice-President and CFO of Timmins Gold Corp. is the Qualified Person (QP) responsible for the disclosure in this news release. Field work has been conducted by Timmins Gold Corp. employees and contractors.

We seek Safe Harbor.

For further information, contact:

Bruce Bragagnolo, LLB.
CEO
Vancouver, BC, Canada
Tel: 604-638-8980
Bruce@timminsgold.com

Darcy Krohman, P.Geo., C.A.
Executive Vice-President & CFO
Vancouver, BC, Canada
Tel: 604-638-8971
darcy@timminsgold.com

For Investor Relations, contact:

Alex Tsakumis
Corporate Development
Vancouver, BC, Canada
Tel: 604-638-8976
Alex@timminsgold.com

Leighton Bocking
Corporate Development
Vancouver, BC, Canada
Tel: 604-638-8977
Leighton@timminsgold.com

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