Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE Amex: BRD); (TSX:BRD) produced 15,688 ounces of gold from its Black Fox Mine in the Timmins Mining district during the second quarter of 2011, an 80% increase over first quarter production of 8,772 ounces. Net income for the six months ended June 30, 2011 was $0.9 million compared to a net loss of $20.9 million for the six months ended June 30, 2010. The Company incurred a net loss of $3.8 million for the quarter ended June 30, 2011 compared to a net loss of $19.1 million for the same period in 2010.

Production from the Phase 2 of the open pit commenced during the quarter but was somewhat constrained in the initial stages while the mining area of the pit was developed. Initial grades from the Phase 2 open pit are meeting expectations. Production in the underground mine also began but consisted primarily of pre-production development ore. Underground production from mining stopes is continuing to increase and grades are in line with the mine plan. Development of the underground mine has been slower than anticipated and has resulted in a longer ramp up period for underground production.

(All dollar amounts in this news release are in U.S. dollars unless otherwise noted.)

Among the highlights for Q2 2011 and to the date of this release, the Company:

• Produced 15,688 ounces of gold in the second quarter, an 80% increase over first quarter production.
• Processed 181,488 tonnes of ore at an average grade of 2.86 grams of gold per tonne and an average recovery of 94.1%.
• Sold 15,178 ounces of gold at an average realized price of $1,463 per ounce in Q2 2011.
• Achieved commercial production from the Phase 2 open pit in April 2011.
• Commenced Phase 1 of the Black Fox Mill expansion, which is expected to be completed and in service by the second quarter of 2012, increasing processing capacity by 5 to 10%.
• Filled several key mine positions and made progress with recruiting underground mining employees. At present 90% of positions are filled.
• Reported positive drill results from the newly discovered 147 Zone, which now extends to a vertical depth of 240 metres below surface and remains open for expansion.
• Signed an Impact Benefit Agreement with the Wahgoshig First Nation.
• Will achieve commercial production from the underground mine in the third quarter of 2011.

“We are encouraged by the continuing progress at our Black Fox Mine. We significantly increased gold production in the second quarter and expect further quarter over quarter increases for the rest of 2011 as operations ramp up. We are working toward definition of a resource on the recently discovered 147 Zone and Contact Zone within the Black Fox Complex and expect to increase profitability through the remainder of the year,” said Wade K. Dawe, President and CEO for Brigus. “Development of the underground mine has been slower than expected due primarily to staffing and equipment challenges. We have recently made several key hires and at present 90% of our mine positions are filled.”

Overview

Phase 2 of the Black Fox open pit mine began producing ore in April 2011 and is currently producing at a rate of 1,000 to 1,500 tonnes per day (“tpd”). During the second quarter 87,760 tonnes of ore, at an average grade of 4.03 grams per tonne (“gpt”), were produced from the open pit mine and 30,316 tonnes at an average grade of 3.54 gpt were mined from the underground which resulted in a credit to underground development cost of $4.3 million. Underground production consisted of a combination of pre-production ore and initial ore from a limited number of accessible stopes. The balance of production during the quarter consisted of 63,412 tonnes of low-grade ores drawn from existing stockpiles that were milled at an average grade of 0.91 gpt.

The Black Fox underground mine is expected to reach commercial production in the third quarter of 2011. Underground ore production is expected to reach 800 tpd during the third quarter and approximately 1,000 tpd by year-end, as previously announced, once additional stopes are opened up.

Mill throughput averaged 1,994 tpd during the quarter and 2,115 tpd in the month of June 2011. Mill throughput is expected to average 2,000 tpd for the balance of the year.

The Company announced at the end of June that it would proceed with an initial expansion of the Black Fox Mill, which is expected to be completed and in service during the first half of 2012. This initial expansion will increase processing capacity at the mill to up to 2,200 tpd. Processing capacity and recovery will be increased through optimization of existing equipment, equipment additions and elimination of production losses.

Continued positive exploration drill results from targets such as the Contact Zone, the newly discovered 147 Zone, Gibson and Grey Fox South represent near term potential to expand gold resources and reserves.

2011 Outlook

Brigus projects increasing gold production quarter over quarter during 2011 with higher-grade underground ore augmenting open pit ore for a total throughput of 2,000 tpd at the Black Fox Mill. The Company is projecting third quarter 2011 production of approximately 17,500 ounces and quarter four production of approximately 19,500 ounces.

Planned capital expenditures related to underground development and mine equipment are estimated to be $37 million for 2011 as previously guided. As a result of the adoption of IFRS, approximately $15M in stripping costs will be capitalized in 2011, which would have been charged to operating costs under US GAAP. The Company has also initiated the Phase 1 mill expansion announced in June 2011 and expects to incur $3.5 million of expenditures in 2011.

Exploration expenditures are expected to be approximately $12.4 million related primarily to increased drilling at the 147 Zone and Contact Zones of the Black Fox Complex.

At the Goldfields Project in Saskatchewan, the Company expects to complete an updated National Instrument (“NI”) 43-101 technical report during the second half of 2011.

Please note a copy of the Company’s MD&A and financial statements can be found on the website, www.brigusgold.com.

About Brigus