Brigadier Gold Limited

Brigadier Gold Limited

December 24, 2007 09:05 ET

Brigadier Gold (TSX-V: BRG) Announces Closing of Private Placement with MineralFields

TORONTO, ONTARIO--(Marketwire - Dec. 24, 2007) - Brigadier Gold Limited (TSX VENTURE:BRG) (the "Corporation") is pleased to announce that it has completed a non-brokered private placement for aggregate proceeds of $500,000 through the sale of 5,000,000 flow-through units at a purchase price of $0.10 per unit to the MineralFields Group. Each flow-through unit is comprised of one flow-through common share of the Corporation plus one half of one common share purchase warrant. Each full common share purchase warrant entitles the holder thereof to acquire one additional non-flow through common share of the Corporation at a price of $0.15 per common share until June 21, 2009.

First Canadian Securities Inc. of Toronto, Ontario received a 4% commission in units at $0.10 per unit for a total of 200,000 common shares and 100,000 warrants, plus 10% in compensation options to purchase 500,000 units until December 21, 2009.

"We are very pleased to be entering into this relationship with MineralFields Group", said Herb Kokotow, President and CEO. "This is an important milestone in the growth of Brigadier Gold Limited and we look forward to working with MineralFields Group as we develop our holdings in Northern Ontario."

The Corporation plans to use the proceeds from the offering for exploration and development activities and to further fund general working capital.

Brigadier has 37,602,968 common shares outstanding and trades on the TSX Venture Exchange under the symbol BRG.

About MineralFields, Pathway and First Canadian Securities ®

MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. Information about MineralFields Group is available at First Canadian Securities ® is active in leading resource financings (both flow-through and hard dollar)on competitive, effective and service-friendly terms, with investors both within, and outside of, MineralFields Group.

This press release includes certain "Forward-Looking Statements." All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of Brigadier, are forward-looking statements 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 Brigadier's expectations are disclosed under the heading "Risk Factors" and elsewhere in Brigadier's documents filed from time-to-time with regulatory authorities.

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of this release.

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