Thursday, May 22, 2008
Initial Permit Approvals =Received for San Francisco Mine
Timmins Gold Corp. announces that its subsidiary Timmins Goldcorp =Mexico has reached two key milestones in advancing its 100% owned San =Francisco gold mine to production. These milestones are the approval of =the Federal Mexican Environmental Protection Authorities (SERMANAT) for =a Change of Land Use permit and the state authorization for the use of =explosives for the San Francisco gold mine located along the main Pan =American highway approximately 150 km north of Hermosillo, in the =Northern Mexican State of Sonora.
The Change of Land Use approval comes after an extensive environmental =study of the land on which the mine is located, as well as the =surrounding community, and is the final requirement for the approval of =the Environmental Impact Statement which is expected to be issued =shortly.
Timmins Goldcorp Mexico is working closely with the environmental =authorities to assure a safe and ecologically sound exploration and =mining program, and has received recognition from the Federal =authorities for its compliance with the Federal Environmental laws and =its concern for the welfare of the populace and the environment in the =San Francisco mine and the surrounding community.
With respect to the use of explosives, the Governor of the State of =Sonora has signed the authorization permit for the use of industrial =explosives in the San Francisco mine. This approval, as well as the =site inspection which took place last week by military authorities, =clears the way for the final approval of the use of explosives for the =resumption of operations at the mine.
The San Francisco gold mine is a past producing open pit heap leach =operation. A gold plant with a capacity in excess of 80,000 ounces of =gold per year is on site. The mine is the subject of a pre-feasibility =study dated March 31, 2008 prepared by Micon International Limited which =supports the economic viability of the mine.
For further information, contact:
Arturo Bonillas, B.Sc.(Eng)
President
Hermosillo, Sonora, Mexico
Tel: 011-52-662-262-1132
arturo@timminsgold.com
Darcy Krohman, P.Geo., C.A.
Executive Vice-President & CFO
Vancouver, BC, Canada
Tel: 604-638-8971
darcy@timmingold.com
For Investor Relations, contact:
Leighton Bocking
Corporate Development
Vancouver, BC, Canada
Tel: 604-638-8977
leighton@timminsgold.com
Alex Tsakumis
Corporate Development
Vancouver, B.C.
Tel: 604-638-8976
alex@timminsgold.com
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.