Brigus Gold Announces Changes to Two Proxy Items for Approval at Its Annual and Special Meeting of Shareholders

Brigus Gold Corp. (“Brigus” or the “Company”) (TSX and NYSE Amex: BRD) announces it has made improvements to two proxy items proposed at its Special and Annual Meeting of Shareholders on May 27, 2011 in Halifax, Nova Scotia. These two proxy items are Proposal 3 to approve the Company’s Amended Stock Option Plan (“Amended Plan”) and Proposal 4 to approve continuance of the Company from the Yukon Business Corporations Act to the Canada Business Corporations Act and adoption of the new by law.

Brigus has made changes to the Amended Plan which it believes makes the Amended Plan more stringent in accordance with current best practices in corporate governance. Brigus intends to seek the approval of shareholders for the following further amendment provisions to the Amended Plan in addition to the amendments already set out in Schedule “A” of its Management Information Circular dated April 15, 2011 (“Information Circular”):

Non-Executive Directors (“NEDs”) are restricted to options to acquire an aggregate maximum of 1% of the total number of Brigus Common Shares outstanding at any one time, and a limit of US$100,000 annual award value per NED;
Definition of “Participants” of the Amended Plan will not be amended to reintroduce NEDs as unrestricted Participants;
No further amendments will be made to the above provisions.

In addition, Brigus has amended the Company’s by law as described in Schedule “C” its Information Circular as follows:

Section 3.17, Votes to Govern, has been amended to read, “At all meetings of the board every question shall be decided by a majority of votes cast on the question.” This change means that the chair of the meeting will not have a second or casting vote.
Section 7.6, Quorum, has been amended to read, “Two persons and each entitled to vote thereat, representing a minimum of 25% of the shares entitled to vote at a meeting of shareholders shall represent a quorum for the transaction of business at any meeting of shareholders.”

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, as well as the Black Fox Mill, 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 has a letter of intent to sell 75% of its Ixhuatan silver-gold project located in the state of Chiapas. In the Dominican Republic, Brigus has a joint venture covering three mineral exploration projects.

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