Brigus Gold Provides Exploration Update

Brigus Gold Corporation ('Brigus Gold? or the 'Company?) (NYSE MKT: BRD;
TSX: BRD) is pleased to release results from the first underground
drilling at the Black Fox mine since the Company was formed in June
2010. The Company is also pleased to provide an update on its
exploration drilling program at the Grey Fox property.

The Black Fox Complex covers an area of approximately 18 square
kilometres within the Timmins Mining District, Ontario, and includes the
producing Black Fox gold mine and the Grey Fox property. The Grey Fox
property hosts a series of prolific gold zones that are within close
proximity, including the Contact, 147 and Grey Fox South zones. The Grey
Fox property is located about four kilometres southeast of the Black Fox
mine.

BLACK FOX MINE

An underground exploration program at the Black Fox mine commenced in
June of this year, with two rigs. The drilling is being performed from a
new exploration drift at the 9670 metre (m) level on the East side of
the mine, and has returned excellent gold grades over significant
widths. The objective of the drilling program is to extend the Black Fox
orebody and increase the current gold resource at the mine.

The Black Fox orebody remains open at depth and along strike and
includes gold reserves to a maximum depth of 500 metres. Orebodies in
the region, along the Destor Porcupine Fault, often extend to depths of
more than 1,000 metres. The ongoing underground drilling program at the
Black Fox mine will drill beyond 500 metres and will continue into 2013
with the goal of expanding the underground resource.

Results from the initial holes include (all assays cut to 150 grams per
tonne (gpt), average gold grades over core length widths):

'The initial results from our new underground drill program at the Black
Fox mine are excellent,? commented Wade Dawe, Brigus Gold′s President
and Chief Executive Officer. 'This is the first exploration drilling at
the mine since 2007, and we look forward to increasing both the minable
gold reserves and the mine life as a result of the drill program. We are
confident this drill program will have a positive and material impact on
the value of the known gold resource at the mine.?

GREY FOX PROPERTY

In addition to ongoing drilling at the Black Fox mine, the Company
currently has three drills working at the Grey Fox property with a
fourth being added next month. The Company's exploration program at Grey
Fox over the past two years has been extremely successful with the
definition of a new 571,000 ounce resource including 480,850 ounces in
the indicated category from the Contact and 147 zones, and the recent
announcement of a new discovery named the Grey Fox South Zone (see
attached map). All three zones remain open for expansion.

Brigus recently announced $10 million in flow-through financing which
will fully fund an increased exploration program for 2013.

'We are very pleased with our exploration success year over year at the
Black Fox Complex,? said Howard Bird, Senior Vice President of
Exploration. 'With ongoing drilling on the Contact and 147 zones we will
continue to increase our stated gold resources on the property, and now
with the recent discovery of the Grey Fox South Zone, we look forward to
demonstrating a significantly larger gold resource during 2013.?

The zones within the Grey Fox property provide Brigus with near term
production growth opportunities because of their proximity to the Black
Fox mine infrastructure.

Grey Fox Property: Contact and 147 Zones

The following drill results include highlights of new high-grade assays
at increased depth:

A location map showing the gold zones on the Grey Fox property within
the Black Fox Complex can be found on the Company′s website.

Surface drilling was conducted by Norex Drilling and was supervised by
the Brigus exploration team. All surface drill hole sample analyses
reported herein were performed by Polymet Labs of Cobalt, Ontario, which
is ISO 9001:2000 certified in North America using standard fire assay
procedures. The Black Fox mine underground drilling was conducted by
Boreal Drilling and drill hole sample analyses were performed by
Accurassay Laboratories in Thunder Bay, Ontario using standard fire
assay procedures. Intercepts cited do not necessarily represent true
widths, unless otherwise noted. Brigus Gold′s quality control checks
include insertion of blanks, standards and duplicates to ensure
laboratory accuracy. Senior Exploration Project Manager John A. Dixon,
P. Geo., reviewed the technical exploration information in this release
as the Qualified Person for the Company.

About Brigus Gold

Brigus is a growing Canadian 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, the new
Grey Fox property and adjoining properties in the Township of Black
River-Matheson, Ontario, Canada. The Black Fox mine is in production and
the Grey Fox mine, located four kilometres from Black Fox is in
development. Brigus is also advancing the Goldfields Project located
near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona
gold deposits. In Mexico, Brigus owns the Ixhuatan 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 in this news release, 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 Company's ability to successfully expand the Black Fox
Complex gold resource, add to Black Fox resources, advance new
discoveries to production, convert resource estimates into near-term
production, release of an updated mineral resource estimate in 2012 and
the Black Fox underground mine exploration drilling program and continue
to obtain positive down dip continuity of significant gold
mineralization are forward-looking statements and estimates that involve
various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. 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
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 Corp.

Jennifer Nicholson, CA

Executive Vice
President

902-442-7186

jnicholson@brigusgold.com

or

Kate
Wood

Manager, Stakeholder Relations

902-442-7184

kwood@brigusgold.com