Jan. 12, 2011 (Business Wire) -- Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE Amex: BRD) (TSX: BRD) has received all assay results from 14 drill holes and partial assay results from an additional three drill holes as part of an ongoing exploration program at the Company’s 100% owned Black Fox Complex located in the Timmins Mining District, Ontario. The current exploration program is designed to expand the Black Fox Complex gold resource by systematically drilling mineralized structures.

Highlights from recent assay results include (all uncut, average gold grades with estimated true widths, unless otherwise noted):

The exploration program is following up on historical data and drill results while also testing new targets within the Black Fox Complex. Three drill rigs are testing high potential gold targets at the Black Fox Complex including: the Contact Zone, the Historic Gibson Deposit, the Gibson Shear, the School House Zone, the Hislop North Zone and the new Grey Fox South target recently identified from the positive results from drill hole GF10-115. All targets are located within four kilometres (“km”) of the Company’s operating Black Fox Mine, providing the opportunity for Black Fox resource additions and rapid advancement. In addition, during the first quarter of 2011, Brigus will commence drilling on the Black Fox Mill property, host to the past producing Stock gold mine, located 31 km west of the Black Fox Mine.

Howard Bird, P. Geo., Vice President of Exploration for Brigus, said, “The Black Fox Complex drill program continues to confirm continuity of gold mineralization from multiple drill holes within the Contact Zone. The discovery of high grade gold mineralization in the new Grey Fox South target, from hole GF10-115 which returned 10.65 gpt over a core length of 6.0 metres, is very encouraging and will be followed up with additional drilling.”

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 Contact Zone extends for at least 1,200 m and is open along strike and at depth. The general dip of the feature is 78 degrees to the east with horizontal widths varying from 3.5 m to 35 m.

GF10-106 displayed some visible gold and intersected 8.40 gpt gold over a true width of 3.99 m at 160 vertical m from surface and 3.08 gpt of gold over a true width of 4.23 m at 240 vertical m from surface. The results from GF10-106 have expanded the gold mineralization from the assay results of GF09-45, drilled in 2009 on the same vertical section, which returned 6.07 gpt gold over a true width of 2.95m at approximately 130 vertical m from surface.

GF10-114 intersected 12.10 gpt gold over a true width of 12.27 m, including 168.65 gpt gold over a true width of 0.81 m with visible gold in the sample. The positive gold intersection is significant as it is located approximately 200 m along strike to the south from the main Contact Zone area. There are 27 assay samples pending from GF10-114.

Hole GF10-125 displayed some visible gold and intercepted 3.26 gpt gold over a true width of 15.21 m beginning at 85 vertical m from surface, including 5.28 gpt gold over a true width of 3.03 m, and 7.19 gpt gold over a true width of 3.75 m. There are still 147 sample assays pending from GF10-125. Hole GF10-103, drilled on vertical section with GF10-125, intersected 3.03 gpt gold over a true width of 2.83 m at 105 vertical m from surface, and 3.20 gpt gold over a true width of 2.37 m at 225 vertical m from surface.

Assay results over 2.0 gpt gold are listed in a table in Appendix 1 of this news release posted on the Company’s website at www.brigusgold.com. An additional six drill holes have been completed on the Contact Zone and assays are pending.

Exploration Outlook

Commenting on the exploration potential at the Black Fox Complex, Mr. Bird said, “Over the next two years, our exploration team will focus on adding significant ounces to the gold mineral resources at the Black Fox Complex. In addition to surface drilling, we also plan to target resource additions from underground drill stations at the Black Fox Mine. Underground drilling will initially target gold mineralization to the southeast of the last underground drill station to follow up on positive results from previous drilling in 2004 and 2005 where three drill holes returned true width gold intersections of 31.16 gpt over 6.25 m, 7.48 gpt over 3.49 m and 12.65 gpt over 3.07 m.”

Surface drilling was conducted by Norex Drilling and was supervised by the Black Fox exploration staff. All 2010 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, and a 3% Net Smelter Royalty in the Huizopa exploration project located in the State of Chihuahua. In the Dominican Republic, Brigus has a joint venture covering three mineral exploration projects.