Brigadier Gold Limited
TSX VENTURE : BRG
FRANKFURT : B7LN

Brigadier Gold Limited

June 17, 2011 16:46 ET

Brigadier Gold Limited Announces Re-Pricing of Non-Brokered Unit Private Placement

TORONTO, ONTARIO--(Marketwire - June 17, 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) announces that it has re-priced its non-brokered private placement offering (the "Offering") of up to 3.75 million units ("Units") at $0.20 per unit for total gross proceeds of up to $750,000 previously announced on June 6, 2011. Pursuant to the re-pricing, the subscription price of the Units has been reduced to $0.15 and the warrant exercise price has been reduced to $0.25.

The Company intends to complete the Offering of up to 5.0 million Units at a price of $0.15 per Unit. Each Unit will be comprised of one common share (a "Common Share") and one half of one (1/2) non-transferable common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder thereof to acquire one additional Common Share at a price of $0.25 per share for a period of one year from the date of the closing of the Offering.

As previously announced, a finder's fee of up to 8% of the gross proceeds of the Offering may be paid, on all or any portion of the funds raised pursuant to this Offering. In addition, finders will receive finder's warrants equal to up to 8% of the number of Units issued in connection with the Offering. Each finder's warrant will entitle the holder to purchase one Common Share at $0.15 per share for a period of one year after the closing.

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

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 statements concerning the anticipated closing date of the Offering and 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. Closing could be delayed if the Company cannot obtain necessary regulatory approvals within anticipated timelines and will not be completed unless certain conditions customary for transactions of this kind are satisfied. 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.

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 this news release.

Contact Information