Primero Mining Corp.: Australian Securities Exchange ("ASX") Approves Primero's Request to Delist

Primero Mining Corp.: Australian Securities Exchange ("ASX") Approves Primero's 
Request to Delist 
TORONTO, ONTARIO -- (Marketwired) -- 10/14/13 -- Primero Mining Corp.
(TSX:P)(NYSE:PPP)(ASX:PPM) ("Primero" or the "Company") today
announced that the ASX Limited approved its request for removal from
the official list of the Australian Securities Exchange as follows: 


 
1.  Based solely on the information provided, ASX resolves to remove the    
    Company from the official list of ASX at the request of the Company     
    pursuant to listing rule 17.11 subject to the following conditions:     
                                                                            
    1.1  The Company must immediately announce to the market that ASX has   
         agreed to the Company's request to be removed from the official    
         list, and set out in that announcement the timetable for the       
         suspension from official quotation of the Company's securities and 
         the removal of the Company from the official list (the             
         "Announcement").                                                   
                                                                            
    1.2  As soon as possible after making the Announcement, the Company     
         sends a letter to holders of CDIs, informing them of the Company's 
         intention to be removed from the official list of ASX, and         
         notifying them of the availability of the facility through which   
         they may sell their shares on the TSX or NYSE.                     
                                                                            
    1.3  The date on which the Company will be removed from the official    
         list will be 30 December 2013 (the "Delisting date").              
                                                                            
    1.4  The Company's securities will be suspended from official quotation 
         on 23 December 2013 (the "Suspension date").                       
                                                                            
    1.5  The Company makes provision for there to be a facility through     
         which holders of the Company's CHESS Depositary Interests ("CDIs") 
         may sell their underlying shares on New York Stock Exchange        
         ("NYSE") and the Toronto Stock Exchange ("TSX") through an ASX     
         participating organisation for a period of not less than three     
         months after the Delisting date.                                   
                                                                            
    1.6  The Company immediately releases to the market the full terms of   
         this decision.                                                     
                                                                            
2.  ASX has considered listing rule 17.11 only and makes no statement as to 
    the Company's compliance with other listing rules.                      

 
Macquarie Capital Markets Canada Ltd. will act as the broker to
Primero in connection with the Voluntary Sale Facility and Compulsory
Sale Facility to be implemented in connection with the delisting by
the Company of its CDIs currently listed on the ASX. 
Further details of the proposed delisting process will be mailed to
CDI holders and posted on Primero's website in due course. Following
the expected delisting from the ASX, the common shares of Primero
will continue to be listed on the NYSE and the TSX. 
About Primero 
Primero Mining Corp. is a Canadian-based precious metals producer and
owns 100% of the San Dimas gold-silver mine and 69.2% of the Cerro
del Gallo gold-silver-copper development project in Mexico. Primero
offers immediate exposure to un-hedged, low cash cost gold production
with a substantial resource base in a politically stable
jurisdiction. The Company has intentions to become an intermediate
gold producer by building a portfolio of high quality, low cost
precious metals assets in the Americas. 
Primero's website is www.primeromining.com. 
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION 
This news release contains "forward-looking statements", within the
meaning of the United States Private Securities Litigation Reform Act
of 1995 and applicable Canadian securities legislation, concerning
the business and operations of Primero Mining Corp. and its
consolidated subsidiaries (collectively, "Primero" or the "Company").
All statements, other than statements of historical fact, are
forward-looking statements. Generally, forward-looking statements can
be identified by the use of forward-looking terminology such as
"plans", "expects", "expected", "indicative" or variations of such
words and phrases or statements that certain actions, events or
results "may" or "will", "occur" or "be achieved" or the negative
connotation thereof. Forward-looking statements include, but are not
limited to, statements regarding the Company's intention to delist
from the ASX and the Company's intentions to become an intermediate
gold producer. The assumptions made by the Company in preparing the
forward-looking information contained in this news release, which may
prove to be incorrect, include, but are not limited to: the
expectations and beliefs of management including with respect to ASX
approval for delisting and conditions associated with such approval,
the availability of CDI register transfer facilities and sale
facilities and the ability of brokers to sell Primero shares
underlying the CDIs on the TSX or NYSE, market conditions; the
specific assumptions set forth above in this news release; that the
Company does not change its exploration plans; that the geology and
vein structures in the Sinaloa Graben and the West Block, and on the
Cerro del Gallo property are as expected and that certain veins
remain open at depth.
Forward-looking statements are subject to known and unknown risks,
uncertainties and other important factors that may cause the actual
results, performance or achievements of Primero to be materially
different from those expressed or implied by such forward-looking
statements, including the ASX not approving the delisting of the
Company's CDIs and the ability to build a portfolio of precious
metals assets in the Americas. Certain of these factors are discussed
in greater detail in Primero's registration statement on Form 40-F on
file with the U.S. Securities and Exchange Commission, and its most
recent Annual Information Form on file with the Canadian provincial
securities regulatory authorities and available at www.sedar.com.
Should one or more of these risks and uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may
vary materially from those described in forward-looking statements.
In addition, although Primero has attempted to identify important
factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there
may be other factors that cause actions, events or results not to be
as anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. Forward-looking statements are made as of
the date hereof and accordingly are subject to change after such
date
. Forward-looking statements are provided for the purpose of
providing information about management's current expectations and
plans and allowing investors and others to get a better understanding
of our operating environment. Primero does not undertake to update
any forward-looking statements that are included in this document,
except in accordance with applicable securities laws.
Contacts:
Primero Mining Corp.
Tamara Brown
VP, Investor Relations
(416) 814 3168
tbrown@primeromining.com
www.primeromining.com
 
 
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