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Press release from Business Wire

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

Thursday, November 01, 2012

Brigus Gold Corp. Completes $10,048,445 Flow-Through Share Financing09:56 EDT Thursday, November 01, 2012 HALIFAX, Nova Scotia (Business Wire) -- 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, CAExecutive Vice PresidentPhone: (902) 442-7186Email: jnicholson@brigusgold.comorKate WoodManager, Investor RelationsPhone: (902) 442-7184Email: kwood@brigusgold.com