High-Grade Gold Assays Continue at Brigus Gold's 147 Zone

Brigus Gold Corp.

is pleased to announce that exploration drilling on the southern portion of the Black Fox Complex continues to return high-grade gold assays from the 147 Zone. “The Black Fox exploration program is advancing as planned and on schedule. To date, Brigus has drilled over 126,000 metres on the 147 and Contact zones with significant results that include 21 grams per tonne over 25.0 metres,” said Howard Bird, Brigus' Vice President of Exploration. “The $8 million program in 2012 is designed to convert Inferred ounces to Indicated ounces through systematic in-fill drilling as well as to expand the resource.” The initial resource estimate for the 147 and Contact zones, as released in December 2011, added more than 50 percent to the gold resource at the Black Fox Complex. The 147 and Contact zones provide Brigus with near-term production growth opportunities because of their proximity to the Black Fox mine infrastructure. An updated resource estimate will be released later in the year. To date, the Company has systematically explored 25 percent of the Black Fox Complex. Significant upside potential remains on the property which covers an area of approximately 18 square kilometres within the Timmins Mining District, Ontario. The core area of the 147 Zone extends for approximately 250 m in a north-south direction dipping at approximately 80 degrees to the east. Gold mineralization primarily occurs within multiple quartz carbonate brecciated zones within bleached units of variolitic mafic volcanics and other parallel footwall zones.