San Gold sells unworked claims to SGX Resources

San Gold Corporation TSX : SGR	SGX Resources Inc. TSX VENTURE : SXR

February 2012

San Gold Corporation and SGX Resources Inc. Announce Sale of Claims from San Gold Corporation to SGX Resources Inc.

WINNIPEG, MANITOBA--(Marketwire - Feb. 3, 2012) -
THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES.

George Pirie, President and CEO of San Gold Corporation ("San Gold") (TSX:SGR) and Dale Ginn, CEO of SGX Resources Inc. ("SGX") (TSX VENTURE:SXR), are pleased to announce that San Gold and SGX have reached an initial agreement for SGX to purchase all of the interests of San Gold in its mineral properties in Tisdale Township, in the Timmins, Ontario mining camp in consideration of the issuance of 8,060,000 common shares of SGX ("SGX Shares") at a deemed price of $0.50 per SGX Share to San Gold (the "Transaction"). SGX and San Gold anticipate entering into a formal purchase agreement with respect to the Transaction in the near future.

The Tisdale Township properties consist of a 31.5% ownership in 12 mineral claims known as the "Davidson-Tisdale Property" and a 100% interest in 15 mineral claims known as the "North Tisdale Property" as well as certain surface rights (collectively, the "Properties"). The remaining 68.5% of the Davidson-Tisdale Property is owned by Lexam VG Gold Inc. San Gold initially acquired the Properties from Laurion Mineral Exploration Inc. in January, 2010, but has not undertaken any exploration or development work on the Properties since that date.
The Transaction is a "related party transaction" for the purposes of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). San Gold and SGX are each relying on an exemption from the minority approval and formal valuation requirements of MI 61-101 due to the fact that the value of the Properties does not represent greater than 25% of the market capitalization of either San Gold or SGX.

Upon closing of the Transaction, the number of SGX Shares owned by San Gold will increase from 26,646,256 to 34,706,256. The percentage of SGX Shares owned by San Gold will increase from 33.36% to 39.49%.

SGX anticipates that the closing of the Transaction will take place in the next few weeks. The Transaction is subject to the final approval of the TSX Venture Exchange.

For further information on San Gold, please visit www.sangold.ca.

The TSX and the OTCQX exchanges have not reviewed and do not accept responsibility for the adequacy or accuracy of this release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this News Release.

Contact Information

San Gold Corporation
Tim Friesen
Communications Director
1 (204) 772-9149 ext. 202

San Gold Corporation
George Pirie
President and CEO
1 (416) 214-0024
www.sangold.ca

SGX Resources Inc.
Dale Ginn
Chief Executive Officer
1 (204) 774-6771

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Dec 15-2011 - Brigus Gold raises resource estimate by 50%

 Brigus Gold Corp  (TSX BRD) (Nasdaq BRD)

 Dec 15 (Reuters) - Brigus Gold raised the resources estimate at its Black Fox project in Ontario by more than 50 percent.

The indicated resources at the project are expected to increase from the current 116,710 ounces upon further drilling next year.

The company's exploration program continues to confirm the potential for new gold discoveries within the Black Fox Complex, which covers about 18 square kilometres within the Timmins mining district, it said in a statement.

Brigus has an C$8 million surface exploration budget for 2012, it said.

Shares of the company closed at C$1.10 on Wednesday on the Toronto Stock Exchange

As reported by TD Ameritrade via Reuters.

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Brigus Gold Q3 production rises

Brigus Gold Corp

(TSE-BRD) (NASDAQ-BRD)

UPDATE 1-6 hours ago by Thomson Reuters

Oct 13 (Reuters) - Canada's Brigus Gold Corp said third-quarter gold production rose at its wholly-owned underground mine in Ontario. 

Gold production at the company's Black Fox underground mine, located near Timmins in Ontario, rose 7 percent to 16,838 ounces from 15,688 ounces in the last quarter. 

For the same period, the company processed 189,674 tonnes of gold at an average grade of 2.9 grams per tonne.
Mill throughput averaged 2,062 tonnes per day for the third quarter.
Shares of the company closed at C$1.14 on Wednesday on the Toronto Stock Exchange. (Reporting by Arnav Das Sharma in Bangalore; Editing by Saumyadeb Chakrabarty)



(Retirefund Notes: Insider reports show that company officers have been buying Brigus stock from Nov 2010 through October 7th, 2011.  There are no sells) 

Expert Analysis

Kerry Smith, Haywood Securities (7/28/11) "Brigus Gold Corp. rates a Sector Outperform with the release of assays from nine more holes, of which six holes returned significant assays in the recently named 147 Zone located 4 km. to the southeast of the Black Fox mine. . .the best hole (GF11-244) hit 20.11 g/t over a core width of 16m, including 34.06 g/t gold over 5m. . .assays continue a trend of high-grade results in many of the holes, with most of the assays returning 3m–4m widths grading 6–9 g/t gold. . .this zone continues to demonstrate a very high hit ratio with over 70% of the holes delivering ore-grade intercepts. So far this zone is showing reasonable down-dip continuity typical of the Timmins camp and we expect further positive results over the year as the company continues its planned 25,000m of drilling."

The Gold Report Interview with Mike Niehuser (7/6/11) "We also were on Brigus Gold's analyst day visiting their Black Fox gold mine and mill near Timmins, Ontario. Management has succeeded in eliminating the hedge book and reducing debt. Brigus has about $29M in cash and expects to produce over 73 Koz. of gold in 2011 at about $625/oz. As the company ramps up underground outputs with higher grades, production is expected to increase to over a 100 Koz. in 2012 and costs should drop. In addition to this scheduled upside in the near term, the area is known for deep underground gold mining. Brigus has had great exploration success near surface down the trend in the Contact and 147 Zone. Together, this indicates good potential to increase production and the life of the mine. Improving prospects in the near and midterm should lead to Brigus achieving an entirely new investment profile."

Kerry Smith, Haywood Securities (7/6/11) "Brigus Gold has released assays from six more holes, all with significant assays, in the newly named '147 Zone' located 4 km. to the southeast of the Black Fox mine: The best hole (GF11-206) hit 3.94 g/t over a core width of 24.2m, including 6.86 g/t over 11.8m. Assays, now to a vertical depth of 240m in hole GF11-206, continue a trend of high-grade results in many of the holes."

Kerry Smith, Haywood Securities (6/21/11) "In Q111, Brigus Gold produced 8,772 oz. Au (in line with our model) at a cash operating cost of US$1,097/oz. (lower than our estimate); as previously noted, Black Fox had a difficult Q111, as ore from the Phase II open pit was not available to feed the mill (open-pit ore was sterilized by the old underground ramp and vent raise, and could not be mined until this old infrastructure was decommissioned and moved). Commercial production from Phase II was achieved in April, and underground production continues to ramp up with commercial production expected this month. . .the 147 Zone discovery has the potential for up to 200 Koz. for every 100m of vertical extent—a very significant discover, though in early stages, is delivering some excellent grades and widths."

HRA Dispatch (6/21/11) "Brigus Gold has released its Q1 results, which essentially boil down to management contending that the basic pain from the Black Fox refit is behind it; BRD expects to generate 73&38211;80 Koz. this year at a cash cost of about $600/oz. Drill results out yesterday show both high-grade and bulk-tonnage intercepts are well above current averages."

Black Fox Mine, Timmons, Ont

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Brigus Gold reports 80% increase in production in Q2 - Outlook bullish for Q3 and Q4 2011

Image via Wikipedia

Brigus Gold Provides Second Quarter Update Jul, 2011 by Business Wire

 Brigus Gold Corp. ("Brigus" or the "Company") (NYSE Amex: BRD) (TSX: BRD) is pleased to report operating results from the second quarter ended June 30, 2011 and provide an update on continuing progress at its Black Fox Mine.

-- The Black Fox Mine produced 15,688 ounces of gold in the second quarter of 2011 (April to June), an 80% increase over first quarter production. Production was 5% below the expected range for the quarter due to a slower than expected ramp up in production from the underground mine. The Company is making steady progress in building its underground mining workforce in the tight and competitive labour market of Timmins, Ontario. Slower recruitment of qualified staff, along with additional required staffing changes, delayed underground development in the second quarter.

-- For the second quarter of 2011, Brigus processed 181,488 tonnes at an average grade of 2.86 grams per tonne and an average recovery of 94.1%. Over half of the production for Q2 was mined from the Phase 2 open pit while the remainder was split evenly between the underground mine, including development ore, and existing low grade stockpiles.

-- Mill throughput averaged 1,994 tonnes per day during the second quarter and 2,115 tonnes per day in the month of June. -- Ore production from both the Phase 2 open pit and underground mine began at the end of March 2011 and has been ramping up since then. Commercial production was achieved from the Phase 2 open pit in April 2011 and commercial production is expected in the underground mine in July 2011.
-- Underground production is a combination of ore from the four mining stopes that are currently open and lower-grade development ore. Four new mining stopes will be open during the third quarter. Underground production is expected to increase to 800 tpd during the third quarter and approximately 1,000 tpd by year-end. The mine plan calls for 10 to 12 mining stopes to be available by year-end.

-- The Phase 2 open pit is currently providing 1,000 to 1,500 tpd of ore that together with underground production and when necessary, low-grade stockpiles, is maintaining the Black Fox Mill's 2,000 tpd throughput capacity. As higher-grade underground ore production increases through the year, mining from the open pit will continue however lower-grade ore will be stockpiled.

-- Open pit mining was restricted during Q1 2011 while relocation and construction of underground mine infrastructure was completed in the pit area. During Q1, production from low-grade stockpiles was approximately 8,700 ounces of gold as previously reported. With ore provided from both open pit and underground, gold production levels have significantly increased in Q2 and will continue to increase quarter over quarter throughout 2011.

-- 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 quarter of 2012. This initial expansion will increase processing capacity at the Mill to 2,200 tonnes per day (tpd). Processing capacity and recovery will be increased through optimization of existing equipment, some equipment additions and elimination of production losses.

-- The Company continues to report excellent drilling results from its newly discovered 147 Zone. The Zone now extends to a vertical depth of 240 metres below surface and remains open in all directions. Drilling at the 147 Zone is progressing as planned with four drill rigs. The fifth drill rig is in-fill drilling the Contact Main Zone located approximately 400 m to the north of the 147 Zone and a sixth rig will be added in early August.

"Production continues to ramp up at the Black Fox Mine," said Rick Allan of Brigus.
"Underground development is still in the early stages. As additional stopes are opened this quarter, gold production will continue to increase. Stronger production and ongoing positive drilling results from our newly discovered 147 Zone are catalysts for a positive second half of the year."

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 that is subject to a letter of intent with Cangold. In the Dominican Republic, Brigus has a joint venture covering three mineral exploration projects that is subject to a letter of intent with Everton Resources.

Cautionary and Forward-Looking Statements
Statements contained in this news release that 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 ability of the Company to achieve targeted gold production at its Black Fox Mine, including underground production, and cash costs, meet capital construction schedules and costs, and the continuation of a rising gold price are forward-looking statements and estimates that involve various risks and uncertainties. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, the issue of permits, the size and quality of the company's mineral resources, progress in development of mineral properties, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, and the financial results of the Company.

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 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 Equities, 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.

SOURCE: Brigus Gold Corp.

Brigus Gold Corp. 
Jennifer Nicholson CA 
Vice President, Investor Relations 
902-422-1421 
ir@brigusgold.com

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