Brigus Gold Completes Sale of Calais Notes

Brigus Gold Corp.

(“Brigus” or the “Company”) has received the final payment of USD $4.5 million from New West Capital to complete the sale of the Calais Notes (“Notes”) as announced on May 7, 2012 for total proceeds of USD $6 million. Brigus acquired the Notes as consideration when the Company sold a non-core asset in 2010 and were originally valued and recorded at $3.4 million. When combining the $1.2 million that was repaid in 2011 from Calais Resources Inc. with the proceeds from this sale, the Company received a total of $7.2 million in cash for the Notes. About Brigus Gold