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Brigus Gold Corp
Symbol BRD
Shares Issued 217,334,183
Close 2012-08-22 C$ 0.86
Market Cap C$ 186,907,397
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Brigus Gold drills 56 m of 7.65 g/t Au at Black Fox

2012-08-23 08:15 ET - News Release

Ms. Jennifer Nicholson reports

BRIGUS GOLD REPORTS FURTHER HIGH GRADE GOLD RESULTS FROM THE 147 ZONE

Brigus Gold Corp.'s exploration infill drilling on the southern portion of the Black Fox complex continues to return high-grade gold assays from the 147 zone.

The associated table includes highlights from the drill holes reported today from the 147 zone (all assays are capped at 100 grams per tonne gold, average gold grades over core length widths).

            BLACK FOX DRILL RESULTS

Hole          From      To    Width       Gold
                (m)     (m)      (m)      (g/t)

GF11-396     87.30  107.00    19.70       1.29    
            465.00  488.00    23.00       3.13    
GF12-433    177.00  187.00    10.00       8.95    
including   182.20  185.20     3.00      27.04   
            207.00  220.00    13.00       5.14    
GF12-435     24.50   32.00     7.50       8.86    
GF12-438     41.00   78.50    37.50       2.25    
including    62.92   66.00     3.08       8.75    
GF12-458     84.70   97.20    12.50       3.34    
GF12-471    206.00  218.40    12.40       4.54    
GF12-474     30.00   62.00    32.00       5.10    
including    49.00   59.00    10.00      15.34   
GF12-484     40.50   50.00     9.50       7.49    
GF12-520    188.20  205.15    16.95      12.74   
GF12-532    139.00  195.00    56.00       7.65    
including   167.00  195.00    28.00      13.08

"Our 2012 drill program continues to successfully convert inferred ounces to indicated ounces as well as enlarge the 147 and Contact zones, which both remain open for expansion," said Howard Bird, Brigus's senior vice-president of exploration. "Deep drilling shows good downdip continuity from surface with excellent results at approximately 400-metre vertical depth. We are looking forward to releasing an updated National Instrument 43-101 resource statement next month."

The initial resource estimate for the 147 and Contact zones, as released in December, 2011, added more than 50 per cent 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.

The Black Fox complex 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.

Details of the most recent 147 zone drill holes and location map can be found on the company's website.

Surface drilling was conducted by Norex Drilling and was supervised by the Brigus exploration team. All sample analyses reported herein were performed by Polymet Labs of Cobalt, Ont., which is ISO 9001:2000 certified in North America using standard fire assay procedures. Intercepts cited do not necessarily represent true widths, unless otherwise noted. Brigus Gold's quality control checks include insertion of blanks, standards and duplicates to ensure laboratory accuracy. Senior exploration project manager John Dixon, PGeo, reviewed the technical exploration information in this release as the qualified person for the company.

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