April 15 Deadline Alert: GPM Reminds Investors of the Looming Deadline in the Class Action Lawsuit Against Primero Mining Corp.

LOS ANGELES--(BUSINESS WIRE)--

Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming April 15, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the "Class") of investors who purchased Primero Mining Corp. ("Primero Mining" or the "Company") PPP securities between October 5, 2012 and February 3, 2016, inclusive (the "Class Period"). Investors that have suffered losses on their investment in Primero Mining securities are encouraged to contact GPM to discuss their legal rights in this class action.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, prospects and performance. Specifically, during the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Primero Mining's Mexican subsidiary, "PEM" was inappropriately recording revenues and taxes from sales under its silver purchase agreement between Primero Mining and Silver Wheaton Corp.; and (2) as a result of the foregoing, the Company's public statements were materially false and misleading and/or lacked a reasonable basis at all relevant times. In February 2016, the Company announced that Mexican tax authorities were challenging the Company's prior characterizations of its revenues and taxes, causing Primero Mining's shares to fall sharply in value.

If you purchased Primero Mining shares, you may move the Court no later than April 15, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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