Brigadier Gold Limited
TSX VENTURE : BRG
FRANKFURT : B7LN

Brigadier Gold Limited

September 23, 2011 16:30 ET

Brigadier Gold Limited Announces Application to Extend Expiry Dates of Warrants

TORONTO, ONTARIO--(Marketwire - Sept. 23, 2011) - Brigadier Gold Limited (TSX VENTURE:BRG) (FRANKFURT:B7LN) (the "Company") announced today that it has made an application to extend the expiry date of warrants issued on October 7, 2010, pursuant to a private placement announced on August 24, 2010, from October 7, 2011 to April 7, 2012. Extension of the warrants is subject to TSX Venture Exchange approval.

The private placement consisted of the issuance of 13,333,333 units at a price of 15 cents per unit, where each unit consisted of one common share and one-half of a common share purchase warrant, with each whole warrant entitling the holder to purchase one common share over a one-year period at a price of 25 cents per common share. In the event that the common shares close at a price in excess of 70 cents for 20 consecutive trading days, the Company may reduce the exercise period to 30 days after giving notice of same.

The Company further announced today that it has made an application to extend the expiry date of warrants issued on November 12, 2010, pursuant to a private placement announced on October 13, 2010, from November 12, 2011 to May 12, 2012. Extension of the warrants is subject to TSX Venture Exchange approval.

The private placement consisted of the issuance of 8,321,828 units at a price of 18 cents per unit, with each unit consisting of one common share, and one-half of a common share purchase warrant, each whole warrant entitling the holder to purchase one common share over a one-year period at a price of $0.25 per common share. In the event that the common shares close at a price in excess of $0.70 for 20 consecutive trading days, the Company may reduce the exercise period to 30 days after giving notice of same.

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