Penny Press Releases

[BionicBoy]

Brigus Continues to Intersect High Grade Gold at the 147 Gold Zone at the Black Fox Complex

Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE Amex: BRD) (TSX: BRD) is pleased to announce continued excellent results within the 147 Zone including 20.11 grams per tonne (“gpt”) over 16.00 metres (“m”) which includes 34.06 gpt over 5.00 m.

“This is one of the best intercepts within the 147 Zone thus far,” said Howard Bird, VP of Exploration for Brigus Gold. “This new discovery continues to deliver high grade gold over significant widths.”

The 147 Zone remains open in all directions and at depth. Additional highlights from continued drilling include (all uncut, average gold grades over core length):

147 Zone

GF11-199:
6.05 gpt over 4.00 m;
GF11-201:
8.81 gpt over 4.00 m; and
2.99 gpt over 24.00 m;
including 5.37 gpt over 12.00 m
GF11-207:
2.51 gpt over 9.95 m; and
3.84 gpt over 25.50 m;
including 14.38 gpt over 5.00 m
GF11-244:
20.11 gpt over 16.00 m;
including 34.06 gpt over 5.00 m
including 19.93 gpt over 7.00 m

The 147 Zone is located on the southern portion of Brigus’ 100%-owned Black Fox Complex, four kilometres from the Company’s Black Fox gold mine. The Black Fox Complex covers an area of approximately 18 square kilometres within the Timmins Mining District, Ontario. The 147 Zone gold mineralization primarily occurs within multiple quartz and carbonate healed brecciated zones within bleached units of mafic volcanics.

Drilling at the 147 Zone is progressing as planned with three drill rigs. The fourth and fifth drill rigs are in-fill drilling and testing the down-dip continuity of the Contact Main Zone located approximately 400 m to the north of the 147 Zone. A sixth drill rig has been contracted to commence drilling the second week of August and will test known gold bearing structures, as well as new potential gold bearing targets defined from the recent induced polarization and magnetic geophysical surveys within the Black Fox Complex.

The 147 Zone drill holes are listed in Appendix 1 and a drill-hole location map is included in Appendix 2. All are posted on the Company’s website at www.brigusgold.com.

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, Ontario, 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 A. Dixon, P. Geo., reviewed the technical exploration information in this release as the Qualified Person for the Company.

About Brigus

Brigus is a growing 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 Complex in the Timmins gold district of Ontario, Canada. The Black Fox Complex encompasses the Black Fox Mine and Mill, and adjoining Grey Fox-Pike River property, all in the Township of Matheson, Ontario, Canada. Brigus is also advancing its Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus has a letter of intent to sell 75% of its Ixhuatan silver-gold projected located in the state of Chiapas. In the Dominican Republic, Brigus has a letter of intent to sell its remaining interests in three mineral exploration projects.

Cautionary and Forward-Looking Statements

Statements contained in this news release that are not historical facts are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All statements regarding the ability of the Company to achieve targeted gold production at its Black Fox Mine, including underground production, and cash costs, mill expansion results, meet capital construction schedules and costs, and the continuation of a rising gold price are forward-looking statements and estimates that involve various risks and uncertainties. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, the issue of permits, the size and quality of the company's mineral resources, progress in development of mineral properties, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, and the financial results of the Company.

Important factors that could cause actual results to differ materially from these forward-looking statements include environmental risks and other factors disclosed under the heading “Risk Factors” in Brigus Gold’s most recent Annual Information Form and Management Discussion and Analysis filed under the Company’s name at www.sedar.com and annual report on Form 40-F filed with the United States Securities and Exchange Commission at www.sec.gov as well as elsewhere in Brigus’ documents filed from time to time with the Toronto Stock Exchange, the NYSE Amex Equities, the United States Securities and Exchange Commission and other regulatory authorities. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.

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