VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Oct 23, 2008 -- Timmins Gold Corp. ("Timmins Gold") (CDNX:TMM.V - News) is pleased to announce that it has acquired, by staking, a 40,000 hectare land package in the Penasquito area of Mexico. The claims are contiguous to Goldcorp's Penasquito Gold Deposit and are approximately 20 km to the northwest of the Camino Rojo project of Canplats Resources. As of June 2007, Goldcorp reported proven and probable gold reserves at Penasquito of 13.0 million ounces. More recently Canplats Resources has reported drill intercepts of up to 224 metres averaging 1.50 grams of gold and 24.45 grams of silver per tonne from its Camino Rojo project.

The claims are located in the northern part of the state of Zacatecas, Mexico, and are located approximately 42 kilometres west of the town of Concepcion del Oro. The northern Zacatecas area is an important mining district in Mexico. The area possesses flat topography and excellent proximity to roads, power, rail, skilled labor and smelters.

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