Brigus Gold Announces C$12,000,000 Private Placement Financing of Flow-Through Shares

Brigus Gold Corp. ('Brigus? or the 'Company?) (TSX: BRD) (NYSE Amex:
BRD) is pleased to announce that it intends to offer up to C$12,000,000
of common shares of the Company designated as flow-through shares for
purposes of the Income Tax Act (Canada) (the 'Flow-Through Shares') on a
guaranteed agency basis at a price of C$1.40 per Flow-Through Share (the
'Offering?).

In connection with the Offering, the Company has granted the agent an
option, exercisable in whole or in part at any time up until the closing
of the financing, to offer for sale an additional C$2,000,000 of
Flow-Through Shares at a price of C$1.40 per Flow-Through Share.

The proceeds from the sale of the Flow-Through Shares will be used to
incur eligible Canadian Exploration Expenses, as defined under the
Income Tax Act (Canada), that will be renounced in favour of the
purchasers with an effective date of no later than December 31, 2010.
The funds will be used for exploration and development activities at the
Company′s Black Fox gold mine and adjoining Grey Fox - Pike River
Project in Ontario.

The closing of the Offering is expected to occur on or about July 29,
2010 and is subject to the completion of formal documentation, receipt
of all necessary regulatory approvals, including the approval of the
Toronto Stock Exchange, and other customary conditions.

The Flow-Through Shares will be offered to residents of Canada pursuant
to Regulation S of the U.S. Securities Act of 1933, as amended (the
'Securities Act?). The Flow-Through Shares have not been registered
under the Securities Act, and may not be offered or sold in the United
States without registration or pursuant to an applicable exemption from
the registration requirements of the Securities Act. The Flow-Through
Shares will be subject to a four-month hold period in Canada.

This press release does not constitute an offer to sell, nor is it a
solicitation of an offer to buy, securities.

About Brigus Gold

Brigus Gold is a growing gold producer committed to maximizing
shareholder value through a strategy of efficient production, targeted
exploration and select acquisitions. The company operates the wholly
owned Black Fox Mine in the Timmins gold district of Ontario, Canada.
The Black Fox Operations encompass the adjoining Grey Fox and Pike River
properties, all in the Township of Black River-Matheson, Ontario,
Canada. Brigus Gold is also advancing the Goldfields Project located
near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona
gold deposits. In Mexico, Brigus Gold holds a 100 percent interest in
the Ixhuatan Property located in the state of Chiapas, and the Huizopa
Joint Venture, an 80 percent interest in an early stage, gold-silver
exploration joint venture located in the State of Chihuahua. In the
Dominican Republic, Brigus Gold and Everton Resources have a joint
venture for the APV and Loma El Mate gold exploration projects.

These securities discussed in this news release have not been and will
not be registered under the United States Securities Act of 1933, as
amended, or the securities laws of any state, and may not be offered or
sold in the United States or to, or for the account or benefit of, U.S.
persons unless an exemption from the registration requirements of the
United States Securities Act of 1933, as amended, and all applicable
state securities laws is available. This press release does not
constitute an offer to sell or the solicitation of an offer to buy these
securities in the United States or to, or for the account or benefit of,
U.S. persons.

The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS

This news release includes 'Forward-Looking Statements? within the
meaning of section 21E of the United States Securities Exchange Act of
1934, as amended. Forward-looking statements can be identified by the
use of words such as 'may,? 'should,? 'expects,? 'plans,? 'anticipates,?
'believes,? 'estimates,? 'schedules,? 'targets,? 'predicts,? 'intends,?
'continue,? or the negative of such terms, or other comparable
terminology. All statements regarding the proposed offering of
securities and the timing thereof involve various risks and
uncertainties. There can be no assurance that such statements will prove
to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Important factors
that could cause actual results to differ materially from these
forward-looking statements include: unexpected lower ore grades,
additional operational, geotechnical and processing problems at the
Black Fox Mine and mill, further toll milling, unexpected changes in
business and economic conditions, political or economic instability,
significant decreases in gold prices, difficulties or delays in
permitting at Black Fox, changes in interest and currency rates, local
and community impacts and issues, labor accidents, environmental risks
and other factors disclosed under the heading 'Risk Factors? in Brigus
Gold′s and its predecessor companies′ most recent annual report on Form
10-K filed with the United States Securities and Exchange Commission and
elsewhere in Apollo′s documents filed from time to time with the Toronto
Stock Exchange, The NYSE Amex, The United States Securities and Exchange
Commission and other regulatory authorities. All forward-looking
statements included in this news release are based on information
available to the Company on the date hereof. The Company assumes no
obligation to update any forward-looking statements, except as required
by applicable securities laws.

Brigus Gold Corp.

Wendy Yang, Vice President of Investor Relations

Phone:
720-886-9656 Ext. 217

Toll Free: 1-877-465-3484

info@brigusgold.com

or

Sean
Tufford, Director of Investor Relations

Phone: 902-422-1421

Toll
Free: 1-866-785-0456

sean@brigusgold.com

www.brigusgold.com