Feb. 28, 2011 (Business Wire) -- Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE Amex: BRD)(TSX: BRD) is pleased to announce that exploration drilling at the Contact Zone has returned high grade assay results over significant widths, including 12.60 grams per tonne (“gpt”) over 9.75 metres (“m”) and 9.04 gpt over 18.00 m. The Contact Zone is part of Brigus’ 100% owned Black Fox Complex covering an area of approximately 18 square kilometres within the Timmins Mining District, Ontario. The Contact Zone is located within three kilometres of the Company’s Black Fox Mine.

These recent results are from drilling completed at the Contact Zone, Gibson South and Hislop North targets during December 2010 and January 2011. Complete assay results have been received from 22 drill holes and partial results from five drill holes completed during this period. Highlights from the most recent assay results include (all uncut, average gold grades with estimated true widths, unless otherwise noted):

Contact Zone

• GF10-133:
  • 12.60 gpt over core length 9.75 m
    • including 20.43 gpt over core length 3.43 m
• GF11-147:
  • 9.04 gpt over core length 18.00 m
    • including 19.27 gpt over core length of 7.00 m
  • 3.10 gpt over core length of 9.70 m
    • including 5.32 gpt over core length of 3.00 m
• GF10-116:
  • 4.40 gpt over core length 4.30 m
• GF10-131:
  • 2.97 gpt over 7.40 m
    • including 6.45 gpt over 2.23 m--
• GF10-136:
  • 11.8 gpt over 5.52 m
    • including 24.16 gpt over 2.57 m--
• GF11-140:
  • 3.14 gpt over 10.84 m
    • including 7.36 gpt over 3.99 m

Howard Bird, Brigus’ Vice President of Exploration, said, “These are some of the best drill results to date from the Contact Zone at the Black Fox Complex. We are particularly encouraged by the high grade gold mineralization over wide intervals. Over the past year, drilling has tripled the strike length of the Contact Zone to 1.2 kilometres with the deepest gold mineralization to date intersected at approximately 350 m from surface. Significantly, the Contact Zone remains open along strike and at depth. The proximity of the Contact Zone to the Company’s operating Black Fox Mine provides an opportunity for rapid project advancement and production growth leveraging the Company’s existing infrastructure.”

The current exploration program is designed to expand gold resources while also testing new high priority targets within the Black Fox Complex. Three drill rigs are testing the Contact Zone, the Historic Gibson Deposit, Gibson South, the School House Zone, Hislop North and the new Grey Fox South discovery. During January 2011, Brigus also commenced drilling on the Black Fox Mill property, host to the past producing Stock gold mine, located 31 km west of the Black Fox Mine.

Contact Zone

The Contact Zone consists of a steeply dipping mineralized fault contact between the north-south trending metasediments and mafic volcanic rocks, and two other parallel mineralized zones. The general dip of the feature is 78 degrees to the east with horizontal widths varying from 3.5 m to 35 m.

Drill holes GF10-131, 133, 136 and 140, highlighted above, were drilled within approximately 400 m of strike length in the central portion of the Contact Zone. The positive drill results continue to confirm consistent down dip continuity of significant gold mineralization.

Drill holes GF10-116 and 147, highlighted above, were drilled along strike in the southern portion of the Contact Zone. The positive gold intersections are significant since, together with previously reported hole GF10-114 which returned 12.1 gpt gold over core length 12.3 m, drilling is defining a potential higher grade zone of gold mineralization located approximately 400 m along strike from the central portion of the Contact Zone.

Assay results over 2.0 gpt gold are listed in Appendix 1 and a drill-hole location map is included in Appendix 2 of the news release PDF posted on the Company’s website at www.brigusgold.com.

Surface drilling was conducted by Norex Drilling and was supervised by the Black Fox exploration staff. 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 and standards 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 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. In the Dominican Republic, Brigus has a joint venture covering three mineral exploration projects.

Cautionary Note to U.S. Investors Concerning Estimates of Mineral Resources

This news release uses the term mineral “resources”. The Company advises U.S. investors that while these terms are defined in and required by Canadian regulations, these terms are not defined terms under the U.S. Securities and Exchange Commission (“SEC”) Industry Guide 7 and are generally not permitted to be used in reports and registration statements filed with the SEC. The SEC generally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant “reserves” as in-place tonnage and grade without reference to unit measures. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves.

Cautionary and Forward-Looking Statements

This news release includes “Forward-Looking Statements” within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements regarding the Company’s ability to successfully expand the Contact Zone, add to the Black Fox gold mineral resource, the timing for advancement of the Contact Zone into production, leverage projects with the existing infrastructure, advance new discoveries, and continue to obtain positive down dip continuity of significant gold mineralization are forward-looking statements and estimates that 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 environmental risks and other factors disclosed under the heading “Risk Factors” in Brigus Gold’s and its predecessor companies’ most recent annual report on Form 10-K filed with the United States Securities and Exchange Commission and elsewhere in Brigus Gold’s documents filed from time to time 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.

Brigus Gold Corp.

Wendy Yang, Vice President of Investor Relations

303-524-3203

[email protected]