Brigus Gold Corp. Announces $8,000,000 Private Placement Financing of Flow-Through Shares

Brigus Gold Corp. ('Brigus? or the 'Company?) (NYSE Amex: BRD; TSX: BRD)
is pleased to announce an agreement with Primary Capital Inc. to offer a
total of Cdn$8,000,000 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
Cdn$1.70 per Flow-Through Share (the 'Offering?).

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, 2011.
The gross proceeds of the Offering 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 Offering is being made by way of private placement to accredited
investors in British Columbia, Alberta, and Ontario, and in such other
provinces or territories as mutually agreed to between the Company and
Primary Capital Inc. The Offering is scheduled to close on or about
November 28, 2011, 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. Shares issued under this Offering are subject to a
four-month hold period.

The Flow-Through Shares will not be registered under the U.S. Securities
Act of 1933, as amended (the 'U.S. Securities Act'), and may not be
offered or sold in the United States or to 'U.S. persons' as defined in
Regulation S under the U.S. Securities Act. This press release does not
constitute an offer to sell the Flow-Through Shares in the United States
or to U.S. persons.

About Brigus Gold

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 in
the Township of Black River-Matheson, Ontario, Canada. Brigus is also
advancing the Goldfields Project located near Uranium City,
Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In
Mexico, Brigus Gold has completed its transaction to sell a 75% interest
in the Ixhuatan Project located in the state of Chiapas to Cangold. In
the Dominican Republic, Brigus has signed an agreement to sell its
remaining interests to Everton Resources.

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

Brigus Gold Corp.

Jennifer Nicholson, CA, 902-422-1421

Vice
President, Investor Relations

ir@brigusgold.com

or

Katherine
Burgess, 902-422-1421

Manager, Stakeholder Relations

ir@brigusgold.com