Brigadier Gold Limited Announces First Closing of Private Placement

TORONTO, ONTARIO--(Marketwire - July 15, 2011) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

BRIGADIER GOLD LIMITED (the "Company") (TSX VENTURE:BRG) (FRANKFURT:B7LN) is pleased to announce that it has completed the first tranche of its previously announced non-brokered private placement (the "Offering") of units ("Units"). The Company issued 2,333,600 Units at a price of $0.15 per Unit for gross proceeds of $350,040 in this first closing. Each Unit issued pursuant to the Offering is comprised of one common share in the share capital of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each, a "Warrant"). Each whole Warrant issued pursuant to this first tranche of the Offering entitles the holder to acquire one Common Share at a price of $0.25 per Common Share until July 15, 2012. The second tranche of the private placement is expected to be completed shortly.

Finders acting in connection with the private placement received aggregate fees of $23,838 and 158,920 finder's warrants. Each finders warrant entitles the holder to purchase one common share at $0.15 per share for a period of twelve months after the closing.

All securities issued in connection with this first tranche of the Offering are subject to a four-month hold period, which expires on November 16, 2011, in accordance with applicable Canadian securities laws.

Proceeds from the Offering will be used in part for additional project evaluation at Incamayo and for general working capital purposes.

Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including TSX Venture Exchange acceptance.

All securities issued in connection with the Offering will be subject to a four-month hold period in accordance with applicable Canadian Securities Laws. The Offering is subject to the approval of the TSX Venture Exchange and required regulatory approvals. The finder's fee warrants are subject to the same terms.

For further information, please visit our website at www.brigadiergold.com or see contact information.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained herein constitute forward-looking statements, including the anticipated use of proceeds. We believe the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. The forward-looking statements included in this press release are made as of the date of this press release and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.