Brigus Gold Corp. Completes $10,048,445 Flow-Through Share Financing

Brigus Gold Corp. (TSX:BRD)(NYSE MKT:BRD) ('Brigus' or the 'Company') is
pleased to announce that it has completed the previously announced
private placement of 8,304,500 flow through shares ('Flow-Through
Shares') of Brigus (the 'Offering') at a price of $1.21 per share for
aggregate gross proceeds of $10,048,445. The syndicate of underwriters
was led by Cormark Securities Inc. and included Haywood Securities Inc.,
Fraser Mackenzie Limited, Primary Capital Inc., and Casimir Capital Ltd.

The proceeds received by the Company from the sale of the Flow-Through
Shares will be used to incur Canadian exploration expenditures that are
'flow-through mining expenditures' (as such terms are defined in the
Income Tax Act (Canada)) on the Corporation's properties in the Province
of Ontario, which will be renounced to the subscribers with an effective
date no later than December 31, 2012, in the aggregate amount of not
less than the total amount of the gross proceeds raised from the issue
of Flow-Through Shares. The funds are intended to be used to explore
areas within the Black Fox Complex in the Timmins Gold District of
Ontario, Canada.

This news release does not constitute an offer to sell or a solicitation
of an offer to buy the securities described herein in the United States.
The securities described herein have not been and will not be registered
under the United States Securities Act of 1933, as amended, and may not
be offered or sold in the United States or to the account or benefit of
a U.S. person absent an exemption from the registration requirements of
such Act.

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.

Brigus Gold Corp.

Jennifer Nicholson, CA

Executive Vice
President

Phone: (902) 442-7186

Email: jnicholson@brigusgold.com

or

Kate
Wood

Manager, Investor Relations

Phone: (902) 442-7184

Email:
kwood@brigusgold.com