Brigus Gold Reports Management Changes and Warrant Exercise

Brigus Gold Corp. (NYSE MKT: BRD; TSX: BRD) ('Brigus? or the 'Company?)
announces changes to its executive management team.

Brigus is pleased to announce that Daniel Racine has been promoted to
President and Chief Operating Officer of the Company effective January
1, 2013. Wade Dawe will remain Chairman and Chief Executive Officer
(CEO). Reporting to the CEO, Mr. Racine will assume additional
operational responsibilities.

'I am delighted that Daniel has accepted the role of President of
Brigus,? said Wade Dawe, Chairman and CEO of Brigus Gold. 'Daniel has an
excellent reputation in the industry, he has demonstrated strong
leadership and operational abilities as our Chief Operating Officer and
I am confident that he will excel in his new role.?

Along with this change, the Investor Relations and Human Resources
functions will transition from the Halifax office to the Company′s
office in Toronto. 'We believe it′s in the best interest of the Company
and our shareholders to move the positions of Investor Relations and
Human Resources to Toronto,? said Wade Dawe. 'The financial markets are
concentrated there and it′s closer to our mining operations near
Timmins, Ontario.?

'We are disappointed that Jennifer Nicholson has chosen not to re-locate
to Toronto, but we understand her decision. Jennifer has played a key
role in the development of Brigus over the last two years providing
operations support, Human Resource and Investor Relations expertise. We
appreciate her contribution to the Company over the past two years and
wish her well in the next chapter of her career,? said Wade Dawe.

The Company would also like to report that the 5,326,782 warrants issued
on December 10, 2008 were fully exercised on Monday, December 10, 2012
at an exercise price of $0.884 Cdn. The Company received total proceeds
of $4,708,875 which will be used to fund general operations of the
Company. To date, Brigus has a total of 231,274,963 common shares
outstanding.

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

Jon Legatto

Chief Financial Officer

Phone:
(902) 442-7187

jlegatto@brigusgold.com

or

Kate
Wood

Manager, Investor Relations

Phone: (902) 442-7184

kwood@brigusgold.com