Brigus Gold Provides Updated Technical Report on Goldfields Project

Brigus Gold Corp. ('Brigus? or the 'Company?) (NYSE Amex: BRD) ?(TSX:
BRD) is pleased to report results from a recent independent Technical
Report (the "Report′) on its wholly owned Goldfields development project
in northern Saskatchewan. The Report, prepared by March Consulting
Associates Inc., is a pre-feasibility study which indicates a Net
Present Value (NPV) of $144.3 million at a 5% discount rate with an
internal rate of return (IRR) of 19.6% assuming a gold price of $1,250
per ounce.

Brigus retained Wardrop, a Tetra Tech company, to complete the updated
resource estimate for the Box and Athona deposits. The Report was
prepared in compliance with the Canadian National Instrument 43-101 (NI
43-101) and will be filed with SEDAR and posted on the Company website
within seven days.

Report Highlights:

• 
  Mine life of 13 years (including both Box and Athona deposits) based
  on existing reserves of 1,020,000 ounces of gold at an average gold
  grade of 1.97 grams per tonne (gpt) over the first 7 years and 1.42
  gpt over the life of the mine.
  
• 
  Processing rate of 1,825,000 tonnes per year (5,000 tonnes per day
  (tpd)) and a recovery rate of 91% for the Box deposit and 89% for the
  Athona deposit.
  
• 
  Average cash operating costs of $601 per ounce with a break-even gold
  price of approximately $1,000 per ounce.
  
• 
  Capital costs of approximately $160 million (leased mining fleet not
  included).
  
• 
  NPV of $144.3 million at a 5% discount rate with an IRR of 19.6% and a
  payback period of five years assuming a gold price of $1,250 per ounce.
  
• 
  At $1,500 per ounce of gold, the NPV for the project increases to $300
  million with an IRR of 32%.
  
• 
  Average annual production of approximately 100,000 ounces per year
  during the first seven years.
  
• 
  The Environmental Impact Statement (EIS) has been submitted and
  approved. Therefore no permitting delays are anticipated.
  

Mineable Reserves for Box and Athona Deposits

The Goldfields Project includes 22,333,045 tonnes of ore at an average
gold grade of 1.420 gpt for a total of 1,020,000 ounces of gold. Total
waste rock moved from the project is 81,651,910 tonnes over the 13 year
life of mine (LOM) resulting in a strip ratio of 4.56 at Box and 1.10 at
Athona.

Mill feed is planned at 1,825,000 tonnes per year for a 5,000 tonne per
day average throughput. During the first seven years, gold production
will average 100,000 ounces per year with an overall gold recovery of
91% for the Box deposit and 89% for the Athona deposit.

Capital Cost Estimate

Summary of Operating Costs

While completing the pre-feasibility study, Brigus has continued
exploration and definition drilling on the Goldfields property as well
as confirmatory metallurgical sampling and geotechnical investigations.
This additional work is expected to enhance the resource and the
economics of the project. The ore body is open at depth with the
possibility of future upside through underground mining.

Brigus remains focused on establishing steady state production levels at
its Black Fox operation and potential near term expansion from new
discoveries within the Black Fox Complex. Once Black Fox has reached its
steady state production level in excess of 25,000 ounces of gold per
quarter, Brigus will make a decision on the development of the
Goldfields Project.

Qualified Persons

The Qualified Persons who reviewed the technical information of this
news release were Richard Allan, P.Eng., Chief Operating Officer for
Brigus, Cliff Lusby, P.Eng., Principal Mine Engineer Associate and Kyle
Krushelniski, P.Eng., Senior Project Manager, on behalf of March
Consulting Associates Inc.

About Brigus

Brigus 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 and Mill in the Timmins gold district of Ontario, Canada. The Black
Fox Complex encompasses the Black Fox Mine and adjoining properties, all
in the Township of Black River - Matheson, Ontario, Canada. Brigus is
also advancing its Goldfields Project located near Uranium City,
Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In
Mexico, Brigus has a letter of intent to sell 75% of its Ixhuatan
silver-gold project located in the state of Chiapas. In the Dominican
Republic, Brigus has signed an agreement to sell its remaining interests
in three mineral exploration projects.

Cautionary and Forward-Looking Statements

Statements contained in this news release that 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 ability of the Company to achieve targeted gold
production at its Black Fox Mine, including underground production, and
cash costs, mill expansion results, meet capital construction schedules
and costs, and the continuation of a rising gold price 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 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 Information Form and Management Discussion and
Analysis filed under the Company′s name at www.sedar.com
and annual report on Form 40-F filed with the United States Securities
and Exchange Commission at www.sec.gov
as well as elsewhere in Brigus′ documents filed from time to time with
the Toronto Stock Exchange, the NYSE Amex Equities, 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.

Jennifer Nicholson, CA

Vice President
Investor Relations

Phone: (902) 422-1421

Email: jnicholson@brigusgold.com