Day: October 17, 2014

Almaden Files Updated Preliminary Economic Assessment Technical Report for Its Ixtaca Gold-Silver Deposit, Mexico

Almaden Minerals Ltd. announces that the independent NI 43-101 Preliminary Economic Assessment Update Technical Report, for its gold-silver Ixtaca Deposit, Mexico, has been completed and filed on SEDAR. A summary of findings from the PEA were announced in Almaden’s press release issued September 3rd, 2014. The full report, “Preliminary Economic Assessment of the Ixtaca Project”, prepared by Moose Mountain Technical Services can be obtained from www.sedar.com. The independent qualified persons responsible for preparing the Ixtaca Preliminary Economic Assessment are Jesse Aarsen, P.Eng. and Tracey Meintjes, P.Eng. of MMTS, Ken Embree, P.Eng. of Knight Piésold Ltd., Kris Raffle, P.Geo. of APEX Geoscience Ltd., and Gary Giroux, M.A.Sc., P.Eng. of Giroux Consultants Ltd., all of whom act as independent consultants to the Company, are Qualified Persons as defined by National Instrument 43-101 and have reviewed and approved the contents of this news release.

Timmins Gold Reports Production of 27,013 Gold Equivalent Ounces for the Third Quarter of 2014

Timmins Gold Corp. is pleased to report preliminary production results for the Company’s third quarter ended September 30, 2014. The Company produced 27,013 gold equivalent ounces during the quarter. Production for the first three quarters of 2014 was 97,687 gold equivalent ounces. Production during the quarter was impacted by record storms and rainfall in September which restricted access to the pit. This resulted in the Company processing lower grade ore from stockpiles and also caused dilution of gold in the leaching solutions, which reduced the recovered ounces. Despite the disruptions caused by the storms, including power outages, the operating team managed to maintain average crushing throughput in excess of 24,000 tpd. Operations are now back to normal. Management maintains production and cost guidance for the year and expects to reach the higher range of production guidance of 115,000 to 125,000 ounces of gold equivalent.

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