Brigadier Gold Limited
TSX VENTURE : BRG

Brigadier Gold Limited

February 28, 2007 16:33 ET

Brigadier Gold (TSX-V: BRG) Announces Extension of Expenditure Deadline

TORONTO, ONTARIO--(CCNMatthews - Feb. 28, 2007) - Brigadier Gold Limited (TSX VENTURE:BRG) (the "Corporation") announced today that it has signed an agreement with ValGold Resources Ltd. to amend an agreement (the "Amended Agreement") originally approved by the TSX Venture Exchange on March 15, 2006. Pursuant to the Amended Agreement, the Corporation shall issue 425,000 common share purchase warrants to ValGold Resources Ltd. in consideration for an extension to the original expenditure deadline from March 15, 2007 to October 31, 2007. Each common share purchase warrant entitles ValGold Resources Ltd. to acquire one additional common share of the Corporation at any time for a period of 18 months from the date of issue at a price of $0.15 per common share.

About Brigadier Gold

Brigadier Gold Limited is a junior exploration company focused on gold in Canada's historical mining camps. The Company's key assets are an option to earn up to an 80% interest in the Hunter Mine, a former gold producer in the Porcupine Mining Camp near Timmins, Ontario from which more than 60 million ounces of gold has been produced from a number of deposits including the Dome, Hollinger, Pamour and Hoyle Pond mines; and the Kirkland Lake-Larder Lake and Matachewan areas where over 37 million ounces of gold have been produced from 25 mines.

Brigadier has 25,347,754 common shares outstanding and trades on the TSX Venture Exchange under the symbol BRG.

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

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.

Contact Information

  • Brigadier Gold Limited
    Herb Kokotow
    President & CEO
    (416) 410-7956
    (905) 707-1520 (FAX)
    Website: www.brigadiergold.com