Brigus Gold Corp. Increases Private Placement Financing of Flow-Through Shares to $5.6 Million

Brigus Gold Corp. ('Brigus? or the 'Company?) (TSX: BRD)  (NYSE Amex:
BRD) is pleased to announce that it has entered a revised agreement with
Primary Capital Inc. to offer a total of Cdn$5,644,890 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 Cdn$2.07 per Flow-Through Share (the
'Offering?). The revised agreement reflects an increase from the $4.0
million offering previously announced by the Company on December 7, 2010.

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 Canadian exploration and development
activities primarily at the Company′s 100% owned Black Fox Complex and
Stock Mine property, both located in the Timmins Mining District,
Ontario.

The closing of the Offering is expected to occur on or about December
17, 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 the NYSE Amex Equities 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.

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 Complex encompasses the Black Fox Mine and Mill, and
adjoining Grey Fox-Pike River property, 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% interest in the Ixhuatan Project located in the state of
Chiapas, and an 80% interest in the Huizopa Joint Venture, an early
stage, gold-silver exploration project located in the State of
Chihuahua. In the Dominican Republic, Brigus Gold has a joint venture
covering three mineral exploration projects.

This news release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the
securities in any State in which such offer, solicitation or sale would
be unlawful. The securities 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 an applicable exemption
from the registration requirements.

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

Brigus Gold Corp.

Wendy Yang, Vice President of Investor Relations

Phone:
720-886-9656 Ext. 217

E-mail: ir@brigusgold.com

Website:
www.brigusgold.com