P Primero Mining Corp

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Primero Mining Corp. ("Primero" or the "Company") (TSX VENTURE:P) (formerly Mala
Noche Resources Corp. TSX.V:MLA) is pleased to announce that it has completed
the acquisition of the San Dimas gold-silver mine and associated assets from
subsidiaries of Goldcorp Inc. (the "Vendors").


San Dimas consists of three underground gold-silver mines located in Mexico's
San Dimas district, on the border of Durango and Sinaloa states. San Dimas
produced 113,000 ounces of gold and 5.1 million ounces of silver in 2009. As
part of the acquisition, Primero will be assuming an amended silver purchase
agreement with Silver Wheaton Corp. for the sale of silver based on production
from San Dimas.


"Today marks an auspicious beginning for Primero. We have now transformed the
company into a low-cost gold and silver producer in Mexico. Primero is well
positioned as a self-funding, precious metals growth vehicle," stated Joseph
Conway, President & CEO. "With the completion of the San Dimas acquisition we
will immediately focus on optimizing the mine and consider expansion
opportunities. In addition we will assess accretive acquisitions in the Americas
to create the next intermediate gold producer."


The purchase price paid to the Vendors was US$510 million, paid US$216 million
in cash, 31,151,200 common shares of the Company, a US$60 million convertible
note and a US$50 million 5-year note. The common shares issued to the Vendor
represent 36% of the outstanding common shares of Primero.


The Company has received conditional approval to list its common shares and
common share purchase warrants on the Toronto Stock Exchange. One of the
conditions to be satisfied before the Company could complete the listing was the
completion of the acquisition of the San Dimas mines. The Company will now
proceed to complete the required filings with the Toronto Stock Exchange.


Primero's financial advisor for this transaction was Canaccord Genuity Corp. and
legal counsel in Canada was Lang Michener LLP (Vancouver).


About Primero

Primero Mining Corp. is a Canadian-based precious metals producer with
operations in Mexico and intentions to become the next intermediate gold
producer. Primero offers immediate exposure to un-hedged, low cash cost gold
production with a substantial resource base in a politically stable
jurisdiction. The Company is focused on building a portfolio of high quality,
low cost precious metals assets in the Americas.


Primero's website is www.primeromining.com.

About San Dimas

The San Dimas gold-silver deposit is one of the most significant precious metal
deposits in Mexico. San Dimas consists of three underground gold-silver mines
located in Mexico's San Dimas district, on the border of Durango and Sinaloa
states. San Dimas produced 113,000 ounces of gold and 5.1 million ounces of
silver in 2009. The district was first mined in 1757 with historical production
from the San Dimas district estimated at 11 million ounces of gold and 582
million ounces of silver, affirming it as a world class epithermal mining
district.


CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This news release contains certain statements that may be deemed
"forward-looking statements", such as references to the acquisition of producing
assets and the exercise of the over-allotment option. Forward-looking statements
are statements that are not historical facts and are generally, but not always,
identified by the words "expects", "plans", "anticipates", "believes",
"intends", "estimates", "projects", "potential" and similar expressions, or that
events or conditions "will", "would", "may", "could" or "should" occur. The
forward-looking statements in this press release include statements regarding
the expected benefits expected to be obtained by completing the acquisition,
proposed plans for San Dimas, estimations of mineral reserves and resources, and
estimations of annual production of gold and silver. The forward-looking
statements are based on reasonable assumptions. Factors that may cause results
to vary from anticipations include the risk that mineral reserves or resources
are not as estimated or that the cost of production will higher than
anticipated. Although Primero believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements
are not guarantees of future performance and actual results may differ
materially from those in forward looking statements. Forward looking statements
are based on the beliefs, estimates and opinions of Primero's management on the
date the statements are made. Primero undertakes no obligation to update these
forward-looking statements in the event that management's beliefs, estimates or
opinions, or other factors, should change, except as required by law.


THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR RELEASE,
PUBLICATION, OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR
INTO THE UNITED STATES.

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