February 9, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Primero Mining Corp (NYSE:PPP) shares over potential securities laws violations by Primero Mining and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Primero Mining Corp (NYSE:PPP) concerning whether a series of statements by Primero Mining Corp regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On February 4, 2016 Primero Mining Corp (NYSE:PPP) announced that its Mexican subsidiary, Primero Empresa Minera, S.A. de C.V. ('PEM'), has received a legal claim from the Mexican tax authorities, Servicio de Administracin Tributaria ('SAT'), seeking to nullify the Advance Pricing Agreement ('APA') issued by SAT in 2012. Primero Mining Corp said the APA confirmed the Company's basis for paying taxes on realized silver prices for the years 2010 to 2014 and represented SAT's agreement to accept that basis for those years.