West Timmins Mining Inc.
TSX : WTM

West Timmins Mining Inc.

May 21, 2009 08:45 ET

West Timmins Mining Announces $9 Million Bought Deal Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 21, 2009) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION THROUGH U.S. NEWSWIRE SERVICES

West Timmins Mining Inc. (TSX:WTM) (the "Company") announced today that it has entered into an agreement with a syndicate of underwriters led by Raymond James Ltd. and including Canaccord Capital Corporation, Haywood Securities Inc. and Wellington West Capital Markets Inc. (collectively the "Underwriters"), under which the Underwriters have agreed to buy, via private placement, $9,000,000 of securities of the Company, comprised of units at an issue price of $0.75 per unit (the "Unit") and/or flow-through shares at an issue price of $0.86 per flow-through share (the "Offering"), subject to a maximum of $5,400,000 of gross proceeds from the issue of flow-through shares.

Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each whole Warrant shall entitle the holder thereof to purchase one Common Share of the Company for a period of 18 months following the closing date at an exercise price for the Warrants of $0.95.

The Company has also granted the Underwriters an overallotment option to raise additional gross proceeds of up to $1,350,000, exercisable up to 48 hours prior to closing. The net proceeds raised from the Offering will be used by the Company for exploration of its mineral properties and for general working capital purposes.

Closing of the offering is anticipated to occur on or before June 4, 2009 and is subject to the receipt of applicable regulatory approvals including approval of the TSX. The securities issued will be subject to a standard four month hold period.

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to a U.S. person absent an exemption from the registration requirements of such Act.

About West Timmins Mining Inc. (www.westtimminsmining.com):

WTM is focussed on the exploration and development of district-scale gold projects in the major gold camps of North America. The Company is advancing the high-grade Rusk and Porphyry Gold discoveries on its Thunder Creek joint venture in Timmins, Ontario and continues to test the nearby 5.0 kilometre long Golden River Trend. WTM also has active gold exploration projects in Mexico, highlighted by the high-grade Lluvia de Oro gold-silver Project in Chihuahua State. West Timmins Mining is based in Vancouver, British Columbia, Canada and trades on the Toronto Stock Exchange under the symbol WTM.

On behalf of the Board of West Timmins Mining Inc.

Darin W. Wagner, President and Chief Executive Officer

For further details on West Timmins Mining Inc. please refer to prior disclosure at www.sedar.com. The securities described in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended, or under any U.S. state securities laws, and such securities may not be offered or sold in the United States absent an exemption from such registration requirements.

This press release contains forward looking statements within the meaning of applicable Canadian and U.S. securities regulation, including statements regarding the future activities of the Company. Forward looking statements reflect the current beliefs and expectations of management and are identified by the use of words including "will", "expected to", "plans", "planned" and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward looking statements is subject to a number of risks, including those described in the Company's annual information form as filed with the Canadian securities regulators which are available at www.sedar.com. Investors are cautioned not to place undue reliance upon forward looking statements.

The TSX has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.

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