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Timmins Gold Announces Acquisition of Newstrike Capital

Paul, Weiss client Timmins Gold Corp. announced that it had entered into an agreement with Newstrike Capital Inc. to acquire all of its outstanding common shares. Under the terms of the agreement, Newstrike shareholders will receive 0.9 of a Timmins Gold common share and Cdn$0.0001 in cash for each Newstrike common share, representing a premium of 22.4 percent based on the 20-day volume-weighted-average-price of Timmins Gold shares on the TSX and Newstrike Shares on the TSX-V as of February 13, and implying a total transaction value of approximately Cdn$140 million.

Timmins Gold is a Canada-based gold producer with production, development and exploration properties in Mexico. Newstrike is a Canada-based precious metal exploration company, targeting known and historic mining districts in Mexico.

The Paul, Weiss team included corporate partner Adam Givertz.

February 17, 2015

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