Brigus Gold Announces Filing of Preliminary Prospectus

Brigus Gold Corp. ('Brigus Gold? or the 'Company?) (TSX: BRD) (NYSE
Amex: BRD) announced today that it has filed a preliminary short form
prospectus in respect of the previously announced bought deal offering.
The Company entered into an underwriting agreement dated October 1, 2010
with a syndicate of underwriters led by Haywood Securities Inc. (the
'Lead Underwriter?) and including Cormark Securities Inc., BMO Nesbitt
Burns Inc., CIBC World Markets Inc., Jennings Capital Inc., Paradigm
Capital Inc. and Brant Securities Limited (together with the Lead
Underwriter, the 'Underwriters?). Pursuant to the underwriting
agreement, the Company has (i) agreed to sell and the Underwriters have
agreed to purchase 30,000,000 units ('Units?) of Brigus Gold at a price
of C$1.50 per Unit, and (ii) appointed Haywood as agent to offer for
sale, on a guaranteed agency basis, up to 2,941,177 Flow-Through Shares
at a price of C$1.70 per Flow-Through Share (collectively, the
'Offering?). Each Unit will consist of one common share ('Common Share?)
and one quarter of one common share purchase warrant (each whole warrant
a 'Warrant?), with each Warrant entitling the holder to acquire one
Common Share at a price of C$2.19 expiring November 19, 2014.

In addition, the Company has granted to (i) the Underwriters, in respect
of the Units, and (ii) Haywood, in respect of the Flow-Through Shares,
an over-allotment option exercisable, in whole or in part, in the sole
discretion of the Underwriters and/or Haywood, as the case may be, to
purchase, in respect of the Units, or to offer for sale, in respect of
the Flow-Through Shares, up to an additional 4,500,000 Units and/or an
additional 441,176 Flow-Through Shares, in any combination of Units and
Flow-Through Shares, at a price of C$1.50 per Unit and C$1.70 per
Flow-Through Share, for a period of up to 30 days after the closing of
the Offering.

The offering is scheduled to close on or about October 19, 2010 and is
subject to certain conditions including, but not limited to, the receipt
of all necessary approvals including the approval of the Toronto Stock
Exchange, the NYSE Amex Equities, and the securities regulatory
authorities.

The Company will use the gross proceeds from the sale of the
Flow-Through Shares to incur flow-through expenditures for its Canadian
projects located near Timmins, Ontario and Uranium City, Saskatchewan
which qualify as 100% Canadian Exploration Expense ('CEE?), and will
renounce such flow-through expenditures to the investors for the
taxation year ending December 31, 2010.

After deducting expenses related to the Offering, the Company plans to
use C$5 million of the net proceeds from the sale of the Units for
working capital with approximately 50% of the balance used to reduce
outstanding project debt related to the Black Fox project and 50% of the
balance used to reduce the Company′s existing gold hedge commitments.

This press release shall not constitute an offer to sell or solicitation
of an offer to buy the securities in any jurisdiction. The securities
will not be and have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in
the United States absent registration or applicable exemption from the
registration requirements.

Cautionary and Forward-Looking Statements:

Statements contained in this document which are not historical facts are
forward-looking statements that involve risk, uncertainties and other
factors that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. All statements
regarding the amount of financing, the 'bought deal? basis of the
financing and the timing associated therewith, the size, proceeds and
use of proceeds of the financing and the option granted to the
Underwriters are forward-looking statements and estimates that involve
various risks and uncertainties. This forward-looking information
includes, or may be based upon, estimates, forecasts, and statements as
to management's expectations with respect to, among other things, the
outcome of legal proceedings, the issue of permits, the size and quality
of the Company′s mineral resources, progress in development of mineral
properties, future production and sales volumes, capital and mine
production costs, demand and market outlook for metals, future metal
prices and treatment and refining charges, and the financial results of
the company.

Important factors that could cause actual results to differ materially
from these forward-looking statements include environmental risks and
other factors disclosed under the heading 'Risk Factors? in Brigus
Gold′s most recent annual report on Form 10-K filed with the United
States Securities and Exchange Commission and elsewhere in Brigus Gold′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

Wendy Yang, 720-886-9565 ext. 217

Vice
President of Investor Relations

ir@brigusgold.com

or

Sean
Tufford, 902-422-1432

Director of Investor Relations

stufford@brigusgold.com