Brigus Gold Corp. Completes $8,170,000 Flow-Through Share Financing

Brigus Gold Corp. (TSX: BRD) (NYSE Amex: BRD) ('Brigus? or the
'Company?) is pleased to announce it has completed its previously
announced issuance of 4,805,883 common shares of the Company designated
as flow-through shares for purposes of the Income Tax Act (Canada) (the
'Flow-Through Shares') at a price of Cdn$1.70 per Flow-Through Share for
aggregate gross proceeds of Cdn$8,170,000 (the 'Offering?). Primary
Capital Inc. acted as the agent in connection with the Offering. Haywood
Securities Inc., Fraser Mackenzie Limited, Casimir Capital Inc. and
Cormark Securities Inc. were members of the selling group and Global
Hunter Securities LLC acted as a financial advisor in connection with
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 Flow-Through Shares issued under this Offering are subject to a
four-month hold period expiring on April 3, 2012.

The Flow-Through Shares will not be registered under the U.S. Securities
Act of 1933, as amended (the 'U.S. Securities Act'), and have not been
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

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