Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE Amex: BRD) (TSX: BRD) announces that the Company has signed a letter of intent with Everton Resources Inc. (“Everton”) whereby Everton will acquire Brigus’ remaining interest in the Ampliacion Pueblo Viejo (APV), Ponton and La Cueva concessions in the Dominican Republic (“the Concessions”).

Under the terms of the agreement, Everton will complete a minimum Cdn$5.0 million financing, pay Brigus Cdn$1,000,000 cash and issue Brigus 15,000,000 Everton shares. Brigus will also receive a sliding net smelter return royalty on the Concessions equal to two per cent based on the current price of gold.

“Everton is a strong partner to advance the Dominican Republic projects in the near-term as we remain focused on our core properties in Canada,” said Wade K. Dawe, President and CEO of Brigus.

In addition, Everton is required to incur a minimum Cdn$5.0 million work commitment on the Concessions over the next two years. Upon completion of a 43-101 compliant measured and indicated resource on the Concessions of a minimum 1,000,000 ounces of gold equivalent (at an average grade of 2.5g/t or higher for APV and 1.5g/t or higher for Ponton and La Cueva), Everton will pay Brigus an additional Cdn$5.0 million or 5,000,000 common shares, whichever has the greater value.

The closing of the transaction with Everton is subject to Everton completing its planned financing. The transaction and financing are subject to receiving regulatory approval.

About Everton Resources

Everton Resources is a well-funded junior exploration company with properties in the Dominican Republic, in Ontario and in Quebec. The Company provides investors with an exceptional portfolio of active projects in three separate and distinct emerging gold and base metals districts.

About Brigus Gold

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 Mine and Mill in the Timmins Gold District of Ontario, Canada. The Black Fox Complex encompasses the Black Fox Mine and adjoining properties in the Township of Black River-Matheson, Ontario, Canada. Brigus is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus Gold holds a 100 percent interest in the Ixhuatan Project located in the state of Chiapas which is subject to a letter of intent with Cangold. In the Dominican Republic, Brigus has a joint venture covering three mineral exploration projects, which is subject to a letter of intent with Everton Resources.

Cautionary and Forward-Looking Statements

Statements contained in this news release which 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 National Instrument 43-101 report, advancement and development of the Concessions, production from the Concessions, the closing of the transaction with Everton, and Everton’s planned financing are forward-looking statements and involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from these forward-looking statements include the factors disclosed under the heading “Risk Factors” in Brigus’ financial report filings on www.sedar.com and www.sec.gov and with the Toronto Stock Exchange, the NYSE Amex, 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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