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

13.05.2011  |  Business Wire

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.