BRIGUS GOLD CORP.



ANNUAL INFORMATION FORM



FOR THE YEAR ENDED
DECEMBER 31, 2012



DATED MARCH 28, 2013











TABLE OF CONTENTS



|                                                                                                    | Page
|--------------------------------------------------------------------------------------------------- | ----
|                                                                                                    |     
|PRELIMINARY NOTES                                                                                   | 1   
|                                                                                                    |     
|FINANCIAL STATEMENTS                                                                                | 1   
|                                                                                                    |     
|CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION                                                 | 1   
|                                                                                                    |     
|CAUTIONARY NOTE TO UNITED STATES INVESTORS CONCERNING ESTIMATES OF INDICATED AND INFERRED RESOURCES | 3   
|                                                                                                    |     
|GLOSSARY OF TECHNICAL INFORMATION                                                                   | 3   
|                                                                                                    |     
|INFORMATION INCORPORATED BY REFERENCE                                                               | 4   
|                                                                                                    |     
|CORPORATE STRUCTURE                                                                                 | 4   
|                                                                                                    |     
|Name, Address and Incorporation                                                                     | 4   
|                                                                                                    |     
|Inter-Corporate Relationships                                                                       | 5   
|                                                                                                    |     
|GENERAL DEVELOPMENT OF THE BUSINESS                                                                 | 6   
|                                                                                                    |     
|Three Year History and Significant Acquisitions                                                     | 6   
|                                                                                                    |     
|DESCRIPTION OF THE BUSINESS                                                                         | 13  
|                                                                                                    |     
|General                                                                                             | 13  
|                                                                                                    |     
|Map of the Properties                                                                               | 14  
|                                                                                                    |     
|Map of the Black Fox Complex and Mill                                                               | 15  
|                                                                                                    |     
|Map of the Black Fox Complex                                                                        | 15  
|                                                                                                    |     
|Goldfields Project, Saskatchewan                                                                    | 26  
|                                                                                                    |     
|Map of Drill Targets from Known Gold Occurrences at the Goldfields Project                          | 33  
|                                                                                                    |     
|Ixhuatán Project, Mexico                                                                            | 34  
|                                                                                                    |     
|Dominican Republic Projects                                                                         | 34  
|                                                                                                    |     
|Huizopa Project, Mexico                                                                             | 35  
|                                                                                                    |     
|Competitive Conditions                                                                              | 36  
|                                                                                                    |     
|Employees                                                                                           | 36  



i







|DESCRIPTION OF CAPITAL STRUCTURE                                  | 36 
|----------------------------------------------------------------- | ---
|                                                                  |    
|Dividends                                                         | 37 
|                                                                  |    
|Shareholder Rights Plan                                           | 37 
|                                                                  |    
|MARKET FOR SECURITIES                                             | 42 
|                                                                  |    
|OFFICERS AND DIRECTORS OF BRIGUS GOLD                             | 45 
|                                                                  |    
|Name, Address, Occupation and Security Holding                    | 45 
|                                                                  |    
|Corporate Cease Trade Orders or Bankruptcies                      | 48 
|                                                                  |    
|Penalties or Sanctions                                            | 48 
|                                                                  |    
|Personal Bankruptcies                                             | 48 
|                                                                  |    
|Conflicts of Interest                                             | 48 
|                                                                  |    
|Corporate Governance                                              | 49 
|                                                                  |    
|Audit Committee                                                   | 49 
|                                                                  |    
|RISK FACTORS                                                      | 50 
|                                                                  |    
|LEGAL PROCEEDINGS                                                 | 61 
|                                                                  |    
|INTEREST OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS        | 62 
|                                                                  |    
|TRANSFER AGENT AND REGISTRAR                                      | 62 
|                                                                  |    
|MATERIAL CONTRACTS                                                | 62 
|                                                                  |    
|INTERESTS OF EXPERTS                                              | 62 
|                                                                  |    
|ADDITIONAL INFORMATION                                            | 63 
|                                                                  |    
|GLOSSARY OF NON-TECHNICAL TERMS                                   | 63 
|                                                                  |    
|GLOSSARY OF TECHNICAL TERMS                                       | 63 
|                                                                  |    
|SCHEDULE A SUMMARY OF 2011 BLACK FOX TECHNICAL REPORT             | A-1
|                                                                  |    
|SCHEDULE B SUMMARY OF 147 AND CONTACT ZONES 2012 TECHNICAL REPORT | B-1
|                                                                  |    
|SCHEDULE C BRIGUS GOLD CORP. AUDIT COMMITTEE CHARTER              | C-1



ii







PRELIMINARY
NOTES



In this Annual Information
Form ("AIF"), Brigus Gold Corp. is referred to as "Brigus"orthe "Company"orthe"Corporation". Unless otherwise noted, the information given herein is as of December
31, 2012.



FINANCIAL
STATEMENTS



This AIF should be
read in conjunction with the Company's audited Consolidated Financial Statements and Management's Discussion and Analysis for the
year ended December 31, 2012. The financial statements and management's discussion and analysis are available under the Company's
profile on the SEDAR website at www.sedar.com and on the Company's website at www.brigusgold.com. All financial statements are
prepared in accordance with International Financial Reporting Standards as issued by the International Accountants Standards Board
("IFRS").



CURRENCY



All currency references
in this AIF are to United States dollars unless otherwise indicated.



CAUTIONARY
STATEMENT ON FORWARD-LOOKING INFORMATION



This AIF contains "forward-looking
information", as such term is defined in applicable Canadian securities legislation, and "forward-looking statements"
within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward looking statements and information
are necessarily based on a number of estimates and assumptions that are inherently subject to significant business, economic and
competitive uncertainties and contingencies. All statements other than statements which are reporting results as well as statements
of historical fact set forth or incorporated herein by reference, are forward looking statements and information that may involve
a number of known and unknown risks, uncertainties and other factors, many of which are beyond the Company's ability to control
or predict. Forward-looking statements and information can be identified by the use of words such as "may," "should,"
"expects," "plans," "anticipates," "believes," "estimates," "predicts,"
"intends," "continue," or the negative of such terms, or other comparable terminology. These statements include,
but are not limited to comments regarding:



| | · | plans for the development of and production at the Black Fox Mine including, without limitation,
the timing of the development of, and future production quantities from, the underground and open pit mines;
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | estimates from the Black Fox technical report dated January 6, 2011, including mine life, processing
rate, recovery rate, average annual production, cash operating costs, capital costs, net present value and discounted cash flow
value of Black Fox;
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | timing and costs associated with the completion of capital projects;
| | - | --------------------------------------------------------------------

| | · | repayments of indebtedness and the Company’s ability to meet its obligations in connection
with the Senior Secured Notes maturing October 31, 2015 and the 6.5% senior unsecured Convertible Debentures due March 31, 2016;
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | the Company’s exploration and development plans for the Company’s Grey Fox and Goldfields
projects ;
| | - | ----------------------------------------------------------------------------------------------------

| | · | the sale of the Huizopa, Ixhuatán and Dominican Republic projects;
| | - | ------------------------------------------------------------------

| | · | liquidity to support operations and debt repayment;
| | - | ---------------------------------------------------

| | · | completion of a Canadian National Instrument 43-101 report for any of the Company’s exploration
properties;
| | - | -----------------------------------------------------------------------------------------------------------



Page 1Brigus Annual Information Form 2012







| | · | the establishment and estimates of additional mineral reserves and resources;
| | - | -----------------------------------------------------------------------------

| | · | future production, mineral recovery rates and costs, strip ratios and mill throughput rates;
| | - | --------------------------------------------------------------------------------------------

| | · | projected total production costs, cash operating costs and total cash costs;
| | - | ----------------------------------------------------------------------------

| | · | grade of ore mined and milled from Black Fox and cash flows derived therefrom;
| | - | ------------------------------------------------------------------------------

| | · | future processing capacity of the Black Fox Mine;
| | - | -------------------------------------------------

| | · | anticipated expenditures for development, exploration, and corporate overhead, including expenditures
for surface drilling at Black Fox and Goldfields;
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | timing and issuance of permits;
| | - | -------------------------------

| | · | estimates of closure costs and reclamation liabilities;
| | - | -------------------------------------------------------

| | · | the Company’s ability to obtain financing to fund future expenditure and capital requirements;
and
| | - | --------------------------------------------------------------------------------------------------

| | · | the impact of adoption of new accounting standards.
| | - | ---------------------------------------------------



Although the Company
believes that the plans, intentions and expectations reflected in these forward-looking statements are reasonable, the Company
cannot be certain that these plans, intentions or expectations will be achieved. Actual results, performance or achievements could
differ materially from those contemplated, expressed or implied by the forward-looking statements and information contained in
this report. Disclosure of important factors that could cause actual results to differ materially from the Company's plans, intentions
or expectations are included under the heading "Risk Factors" in this report.



Forward-looking statements
inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements
and information. Factors that could cause or contribute to such differences include, but are not limited to: unexpected changes
in business and economic conditions, including the global financial and capital markets; significant increases or decreases in
gold prices; changes in interest and currency exchange rates; timing and amount of production; unanticipated changes in grade of
ore; unanticipated recovery or production problems; changes in operating costs; operational problems at the Company's mining properties;
metallurgy, processing, access, availability of materials, equipment, supplies and water; determination of reserves; costs and
timing of development of new reserves; results of current and future exploration and development activities; results of future
feasibility studies; joint venture relationships; political or economic instability, either globally or in the countries in which
the Company operates; local and community impacts and issues; timing of receipt of government approvals; accidents and labour disputes;
environmental costs and risks; competitive factors, including competition for property acquisitions; availability of external financing
at reasonable rates or at all; and the factors discussed in this report under the heading "Risk Factors;" and other risks
and uncertainties set forth the Company's periodic report filings with Canadian securities authorities and the United States Securities
and Exchange Commission ("SEC").



Many of these factors
are beyond the Company's ability to control or predict. These factors are not intended to represent a complete list of the general
or specific factors that may affect the Company. The Company may note additional factors elsewhere in this report. All forward-looking
statements speak only as of the date made. All subsequent written and oral forward-looking statements attributable to the Company,
or persons acting on the Company's behalf, are expressly qualified in their entirety by these cautionary statements. Except as
required by law, the Company undertakes no obligation to update any forward-looking statement or information.



Page 2Brigus Annual Information Form 2012







CAUTIONARY
NOTE TO UNITED STATES INVESTORS CONCERNING ESTIMATES OF INDICATED AND INFERRED RESOURCES



This AIF uses the terms
"Measured", "Indicated" and "Inferred" Mineral Resources. United States investors are advised that
while such terms are recognized and required by Canadian securities regulations, the United States Securities and Exchange Commission
does not recognize them. "Inferred Resources" have a great amount of uncertainty as to their existence, and as to their
economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded
to a higher category of Mineral Resources or converted into Mineral Reserves. United States investors are cautioned not to assume
that all or any part of Inferred Mineral Resources exists, or is economically or legally mineable.



GLOSSARY
OF TECHNICAL INFORMATION



The estimated Mineral
Reserves and Mineral Resources discussed herein have been calculated in accordance with the Canadian Institute of Mining, Metallurgy
and Petroleum ("CIM") – Definitions Adopted by CIM Council on November 27, 2010 (the "CIM Standards")
which were adopted by the Canadian Securities Administrators' National Instrument 43-101 Standards of Disclosure for Mineral Projects
("NI 43-101"). The following definitions are reproduced from the CIM Standards:



The term "Mineral
Reserves" means the economically mineable part of a Measured or Indicated Mineral Resource demonstrated by at least a
Preliminary Feasibility Study. This Study must include adequate information on mining, processing, metallurgical, economics and
other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified. A Mineral Reserve
includes diluting materials and allowances for losses that may occur when the material is mined. A "Proven Mineral Reserve"
is the economically mineable part of a Measured Mineral Resource demonstrated by at least a Preliminary Feasibility Study. This
Study must include adequate information on mining, processing, metallurgical, economics and other relevant factors that demonstrate,
at the time of reporting, that economic extraction is justified. A "Probable Mineral Reserve" is the economically
mineable part of an Indicated, and in some circumstances a Measured Mineral Resource, demonstrated by at least a Preliminary Feasibility
Study. This Study must include adequate information on mining, processing, metallurgical, economics and other relevant factors
that demonstrate, at the time of reporting, that economic extraction can be justified.



The term "Mineral
Resources" means a concentration or occurrence of natural, solid, inorganic or fossilized organic material in or on the
earth's crust in such form and quantity and of such a grade or quality that it has reasonable prospects for economic extraction.
The location, quantity, grade, geological characteristics and continuity of a mineral resource are known, estimated or interpreted
from specific geological evidence and knowledge. A "Measured Mineral Resource" is that part of a mineral resource
for which quantity, grade or quality, densities, shape, physical characteristics are so well established that they can be estimated
with confidence sufficient to allow the appropriate application of technical and economic parameters, to support production planning
and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration, sampling and
testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill
holes that are spaced closely enough to confirm both geological and grade continuity. An "Indicated Mineral Resource"
is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated
with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine
planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and
test information gathered through appropriate techniques from location such as outcrops, trenches, pits, workings and drill holes
that are spaced closely enough for geological and grade continuity to be reasonably assumed. An "Inferred Mineral Resource"
is that part of a mineral resource for which quantity and grade or quality can be estimated on the basis of geological evidence
and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited
information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and
drill holes.



Page 3Brigus Annual Information Form 2012







A glossary of defined
and technical terms used herein is located towards the end of the AIF.



INFORMATION
INCORPORATED BY REFERENCE



The technical report
entitled "Brigus Gold Corp. Black Fox Project National Instrument 43-101 Technical Report" dated January 6, 2011 prepared
by Tetra Tech, Toronto, Ontario and filed on SEDAR on January 7, 2011 (the "2011 Black Fox Technical Report"),
is incorporated herein by reference.



The technical report
entitled "Technical Report on the 147 and Contact Zones of the Black Fox Complex, Ontario, Canada" dated October 26,
2012 prepared by Tetra Tech, Toronto, Ontario and filed on SEDAR on November 1, 2012 (the "147 and Contact Zones 2012 Technical
Report"), is incorporated herein by reference.



CORPORATE
STRUCTURE



Name, Address and Incorporation



Brigus was formed pursuant
to Articles of Arrangement dated June 25, 2002 under the Business Corporations Act (Ontario) (the "OBCA'') as the result
of a plan of arrangement (the "Plan of Arrangement'') in accordance with the terms of an arrangement agreement (the
"Arrangement Agreement'') dated June 24, 2002 between International Pursuit Corporation ("Pursuit'') and
Nevoro Gold Corporation ("Nevoro''). The Plan of Arrangement provided for, among other things, the amalgamation of
Pursuit and Nevoro to continue as Apollo Gold Corporation ("Apollo"). Apollo was continued under the Business
Corporations Act (Yukon) pursuant to articles of continuance dated May 28, 2003. Pursuant to articles of amendment date June 25,
2010, and following an acquisition of Linear Gold Corp. ("Linear"), the Corporation changed its name from Apollo
Gold Corporation to Brigus Gold Corp. and consolidated its issued and outstanding common shares on the basis of one new common
share for each four old common shares. Brigus was continued under the Canada Business Corporations Actpursuant to
articles of continuance dated June 9, 2011. The head office of the Company is located at Suite 2001, 1969 Upper Water Street, Purdy's
Wharf Tower II, Halifax, Nova Scotia, B3J 3R7 and its registered office is located at Purdy's Wharf Tower 1, 1100-1959 Upper Water
Street, Halifax, NS, B3J 3E5.



Pursuit was incorporated
under the laws of the Province of Ontario under the name Brownlee Mines (1936) Limited on June 30, 1936. By Supplementary Letters
Patent dated January 7, 1939, July 5, 1944 and June 5, 1946, it changed its name to Joliet-Québec Mines, Limited and subsequently
made certain increases to its authorized capital. Under Articles of Amendment dated July 20, 1972, November 28, 1975, August 14,
1978, July 15, 1983, July 7, 1986 and August 6, 1987, it made various further changes to its capital and corporate governance structure
and ultimately changed its name to "International Pursuit Corporation''.



Nevoro was a private
company incorporated under the Canada Business Corporations Act on February 1, 2002 and continued under the OBCA pursuant to articles
of continuance dated May 30, 2002.



Page 4Brigus Annual Information Form 2012







Inter-Corporate Relationships



Black Fox Complex



The Company owns a
100% interest in the Black Fox Complex ("Black Fox Complex"), an open pit and underground mine and associated
exploration property, and the Black Fox mill. Both the Black Fox Complex and Black Fox mill properties are located in the Timmins
Mining District in the Province of Ontario. The Black Fox mine site is situated 11 kilometres ("km") east of Matheson,
Ontario and the Black Fox mill is 20 km west of Matheson, Ontario. The open pit mine and the Black Fox mill have been in operation
since May 2009, and commercial production from the underground mine commenced in October 2011. Brigus owns two exploration properties
adjacent to the Black Fox mine site, Grey Fox and Pike River. The mine land package is 18 square km which extends over a 6.5 km
strike of the Destor-Porcupine Fault Zone. The Black Fox mill property covers 24.7 square km.



In 2012, the Company
conducted an extensive surface exploration project on the Grey Fox property and released a National Instrument 43-101 Technical
Report on the 147 and Contact zones in October 2012. A summary of the report findings can be found in Schedule B. Exploration efforts
will continue on the Grey Fox property and other high potential areas on the Black Fox Complex in 2013.



Other Properties



The Company holds a
100% interest in the Goldfields development project in the Lake Athabasca region of Saskatchewan, Canada, which includes a 100%
interest in the Box and Athona gold deposits, subject to certain royalties and other interests.



In Mexico, the Company
owns a 100% interest in the Ixhuatán Property located in the state of Chiapas. The Company has signed an agreement to sell
two of its subsidiaries, Minera Sol de Oro and Minas de Argonautas, which hold the Huizopa Project (collectively, "Huizopa")
located in the state of Chihuahua, to Cormack Capital Group, LLC ("Cormack"). In the Dominican Republic, Brigus and Everton
Resources Inc. have signed an agreement to sell Brigus' remaining interest in three mineral exploration projects (Ampliacion Pueblo
Viejo ("APV"), Ponton and La Cueva).



The following chart
shows the subsidiaries of the Company, their jurisdiction of incorporation and the Company's direct or indirect percentage ownership
interest in each corporation.



Page 5Brigus Annual Information Form 2012













GENERAL
DEVELOPMENT OF THE BUSINESS



Three Year History and Significant
Acquisitions



Year Ended December 31, 2010
("Fiscal 2010" or "2010")



On February 1, 2010,
Apollo Gold, Inc. (now Brigus Gold, Inc.) (the "Seller"), a direct wholly owned subsidiary of the Company and
the sole shareholder of Montana Tunnels Mining, Inc. ("Montana Tunnels"), which was the owner of the Montana Tunnels
open pit mine and mill (a 50/50 joint venture with Elkhorn Tunnels, an affiliate of Elkhorn Goldfields), the Diamond Hill mine
and mill and assets ancillary thereto, entered into a definitive purchase agreement with Elkhorn Goldfields and Calais Resources,
Inc. ("Calais") (the "Purchase Agreement").  The Montana Tunnels mine had been on care and
maintenance since May 1, 2009. Pursuant to the terms of the Purchase Agreement, the Seller sold all of the capital stock of Montana
Tunnels in exchange for (i) promissory notes held by Elkhorn Goldfields and certain investors in Elkhorn Goldfields or its affiliates
(the "Lenders") from Calais and Aardvark Agencies, Inc. ("Aardvark") with an outstanding balance
of approximately $7,700,000 (the "Original Notes"), (ii) Elkhorn's and the Lenders' rights with respect to an
additional amount of approximately $1,382,091 loaned to Calais, (the "Additional Caribou Loan") and (iii) a promissory
note held by Elkhorn Goldfields and the Lenders from Calais with an outstanding balance of approximately $380,000 (the "Congo
Chief Note" and, together with the Original Notes and the Additional Caribou Loan, the "Notes"). 
The Elkhorn Goldfields' and the Lenders' security interests in the properties against which the Original Notes and the Congo Chief
Note are secured were transferred to the Seller as part of the transaction.  The Original Notes matured on July 31, 2005 (although
they were never repaid) and bore interest at the rate of 12.9% per annum.  The Congo Chief Note matured on February 21, 2006
(although it was never repaid) and bore interest at the rate of 12% per annum.  Pursuant to the Purchase Agreement, the Seller
agreed to forebear on the Original Notes and the Congo Chief Note (each of which, as noted above, was past due) until February
1, 2011.  In connection with the Purchase Agreement, Calais agreed to execute and deliver a promissory note to the Company
evidencing the Additional Caribou Loan (the "Additional Unsecured Note").  The Additional Unsecured Note
bore interest at the rate of eight percent per annum and had a maturity date of February 1, 2011.  In January 2011, the Company
extended the forbearance period of the Notes from February 1, 2011 to the earlier of June 30, 2011 or the occurrence of certain
events, including insolvency or bankruptcy of Calais, the borrower.  During this extended forbearance period, the Notes accrued
interest at 8% per annum.



Page 6Brigus Annual Information Form 2012







On March 9, 2010, the
Company and Linear Gold Corp. ("Linear") entered into a binding letter of intent (the "Letter of Intent")
pursuant to which (i) the businesses of the Company and Linear would be combined by way of a court-approved plan of arrangement
(the "Arrangement") and (ii) Linear would subscribe for approximately 62,500,000 Common Shares at a price of $0.40
per common share for aggregate proceeds of Cdn$25,000,000. Pursuant to the Arrangement: each outstanding Linear common share would
be exchanged for 5.4742 Common Shares (the "Exchange Ratio"); each outstanding Common Share purchase warrant of
Linear would be exchanged for Common Share purchase warrants of the Company on the basis of the Exchange Ratio and the exercise
price of the Linear warrants would be adjusted as provided for in the certificates representing the Linear warrants; each outstanding
option to purchase a Linear common share granted under Linear's Stock Option Plan would be exchanged for options of the Company
granted under the Stock Option Plan on the basis of the Exchange Ratio and the exercise price of the Linear options would be adjusted
on the same basis as the exercise price of the Linear warrants. Upon consummation of the Arrangement, Linear would become a wholly
owned subsidiary of the Company and the shareholders of Linear immediately prior to the Arrangement were expected to own approximately
42.9% of the outstanding Common Shares of the Corporation (calculated on a fully-diluted basis). The Letter of Intent contemplated
that Linear and the Company would enter into a definitive arrangement agreement (the "Definitive Agreement") governing
the Arrangement on or before March 31, 2010 to implement the Arrangement to provide for the business combination of Linear and
the Company.



On March 19, 2010,
the Company and Linear announced the closing of the private placement whereby Linear acquired 62,500,000 common shares of the Company
at a price of Cdn$0.40 per share for gross proceeds of Cdn$25,000,000. The common shares of the Company were issued from treasury
under the terms of a subscription agreement between Linear and the Company dated March 9, 2010. A portion of the proceeds of the
private placement was used to reduce the Company's project facility (the "Project Facility") with RMB Australia
Holdings Limited, an Australian corporation ("RMBAH"), RMB Resources Inc., a Delaware corporation ("RMBR"),
and Macquarie Bank Limited, an Australian corporation ("Macquarie" and together with RMBAH, the "Financiers")
pursuant to a project facility agreement dated February 20, 2009 (the "Facility Agreement"). The Project Facility
was reduced from $70,000,000 to $60,000,000 as a result of the Company making a payment of $10 million to the Financiers from the
proceeds of the private placement with Linear.



On March 31, 2010,
Linear and the Company entered into the Definitive Agreement as per the Letter of Intent.



On April 23, 2010,
the Company announced that it unwound its Canadian dollar currency hedges that were originally entered into in connection with
the Facility Agreement. As a result of this action, the Corporation received gross proceeds of approximately $8.2 million, which
was used to reduce the debt outstanding under the Facility Agreement from $60,000,000 down to $51,800,000.



Page 7Brigus Annual Information Form 2012







On May 18, 2010, the
Company issued a press release announcing a proposed new corporate identity and name, Brigus Gold Corp., which was to take effect
following shareholder approval of the same and the closing of the Arrangement with Linear.



On June 25, 2010, the
Company announced that the Arrangement had closed and the new combined company began operating as Brigus effective June 25, 2010.
On June 25, 2010, the Corporation filed articles of amendment which, among other things, changed the name of the Company to Brigus
Gold Corp., consolidated the Common Shares, including those issued to Linear shareholders, on the basis of one (1) post-consolidation
Brigus share for every four (4) Brigus shares outstanding immediately prior to such consolidation. The business combination was
structured as a court-approved plan of arrangement under the Business Corporations Act(Alberta) pursuant to which the Company
acquired all of the issued and outstanding Linear shares and Linear amalgamated with 1526753 Alberta ULC. Under the terms of the
Arrangement, former shareholders of Linear received, after giving effect to the share consolidation described above, 1.37 Brigus
Gold shares for each common share of Linear, subject to adjustment for fractional shares. Brigus also announced that its new headquarters
would be located in Halifax, Nova Scotia.



On June 26, 2010 the
Company further reduced the debt outstanding under the Facility Agreement from $51,800,000 down to $41,800,000.



On July 29, 2010, Brigus
completed a private placement of 10,000,000 Common Shares at Cdn$1.40 per share on a "flow through" basis pursuant to
the Income Tax Act(Canada) for total gross proceeds equal to Cdn$14,000,000.



On August 24, 2010,
Brigus announced that it retired its outstanding, unsecured convertible debentures by paying $4.68 million in principal and interest
on August 23, 2010.



On October 19, 2010,
Brigus announced that it had completed an offering of 34,500,000 units and 3,382,353 Common Shares designated as flow-through common
shares for purposes of the Income Tax Act(Canada) at a price of Cdn$1.50 per unit and Cdn$1.70 per flow-through share,
for gross proceeds to the Corporation of Cdn$57,500,000.



On October 20, 2010,
the Company used $20.7 million of the proceeds raised from the Cdn$57.5 million financing completed on October 19, 2010 to reduce
the principal outstanding on the Project Facility from $41.8 million down to $21.1 million, $14.1 million of which was owed to
Macquarie and $7.0 million was owed to RMBAH. On November 21, 2010, the Company consolidated its Project Facility debt by increasing
the debt owed to RMB Australia Holdings Limited (RMBAH) from $7.0 million to $22.0 million, repaying the full amount owed to Macquarie
Bank of $14.1 million, thus leaving RMBAH as the one remaining lender.



On November 2, 2010,
the Company used a portion of the proceeds raised from the Cdn$57.5 million financing completed on October 19, 2010 to reduce its
forward gold sales contract obligations (the "Hedge") by 43,276 ounces, representing 79% of the sales contracts
deliverable in 2011, at a cost of $21.0 million.



Page 8Brigus Annual Information Form 2012







On November 9, 2010,
Brigus Gold announced that it had entered into a gold stream agreement (the "Gold Stream Agreement") with Sandstorm
Resources Ltd. ("Sandstorm") pursuant to which Sandstorm agreed to purchase 12% of the gold production from the
Black Fox mine beginning in January 2011 and 10% of future production from the Black Fox extension covering a portion of the adjoining
Pike River property (the "Gold Stream"). Sandstorm made an upfront payment of $56.3 million and will also pay
Brigus ongoing per ounce payments of $500 subject to an inflationary adjustment beginning in 2013, not to exceed 2% per annum.
Brigus Gold had the option until December 31, 2012 to reduce the Gold Stream to 6% of production from the Black Fox mine and 4.5%
of production from the Black Fox extension for a payment of $36.6 million (which it partially exercised in November 2012 and reduced
the Gold Stream to 8% of production from the Black Fox mine and 6.3% of production from the Black Fox extension). Brigus Gold also
announced that it intended to eliminate 100% of the Hedge effective January 2011 and used some of the proceeds received from the
Sandstorm Gold Stream agreement to unwind the balance of its gold forward gold sales contracts eliminating the obligation to deliver
99,409 ounces from October 2011 to March 2013. This transaction left only 1,518 ounces of gold to be delivered into the gold forward
contracts for December 2010 following which the Corporation had no remaining gold forward sales contracts.



On December 21, 2010,
Brigus closed a private placement of 2,727,000 Common Shares designated as flow-through shares for purposes of the Income Tax
Act(Canada) at a price of Cdn$2.07 per flow-through share for total gross proceeds to the Corporation of Cdn$5,644,890.



On December 23, 2010,
the Company entered into a settlement agreement in connection with its Huizopa exploration project (the "Huizopa Project"),
which is located in the Sierra Madre Occidental mountains in Chihuahua, Mexico. The settlement related to a dispute over a joint
venture relationship that the Company's Mexican subsidiary, Minera Sol de Oro, S.A. de C.V. ("MSO"), had covering
the Huizopa Project. In connection with the settlement agreement, the Company entered into a related acquisition agreement pursuant
to which the Company sold its 100% interest in MSO to Cormack Capital Group, LLC ("Cormack") for proceeds of $3.5
million, payable over a five-year term, while retaining a 3% net smelter return royalty ("NSR") over future production
from the Huizopa Project. Cormack can reduce the Company's NSR to 2% by making a $1.0 million payment to the Company and may also
elect to pay up to 40% of the purchase price through the issuance of common shares in a publicly traded company listed on a recognized
U.S. or Canadian national stock exchange. In addition, the Company will receive a production bonus payment of $5.0 million within
one year of the commencement of commercial production at the Huizopa Project.



Year Ended December 31, 2011
("Fiscal 2011" or "2011")



On January 6, 2011,
Brigus Gold announced the results from the 2011 Black Fox Technical Report, which was based on the mine operations and reserves
as of October 31, 2010 and included a Net Present Value of $359.4 million for the Black Fox mine using a 5% discount rate. Highlights
from the 2011 Black Fox Technical Report include:



| | · | Mine life of 8.6 years based on existing reserves of 906,375 ounces of gold within 6.5 million
tonnes at an average gold grade of 4.4 grams per tonne ("gpt").
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Processing rate of 730,000 tonnes per annum (2,000 tonnes per day ("tpd")) and a recovery
rate of 94%.
| | - | ------------------------------------------------------------------------------------------------------

| | · | Average cash operating costs of $502 per ounce ($66.94 per tonne milled) with a break even gold
price of $602 per ounce.
| | - | ------------------------------------------------------------------------------------------------------------------------

| | · | Capital costs, including sustaining capital, of $74.8 million.
| | - | --------------------------------------------------------------

| | · | The Net Present Value of Black Fox, at a 5% discount rate, is $359.4 million with pretax undiscounted
cash flow of the project of $439.0 million from revenues of $932.1 million based on a gold price of $1,200 per ounce for 88% of
the ounces produced and $500 per ounce for the remaining 12% of production ounces (in accordance with the gold stream agreement
with Sandstorm).
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Average annual production of 104,000 ounces of gold over the next five years of production.
| | - | -------------------------------------------------------------------------------------------



Page 9Brigus Annual Information Form 2012







The 2011 Black Fox
Technical Report contains the expression of the professional opinions of the Qualified Person based upon information available
at the time of preparation of the 2011 Black Fox Technical Report. The foregoing summary, which is derived from the 2011 Black
Fox Technical Report, is subject to the assumptions and qualifications contained in the 2011 Black Fox Technical Report. Readers
are directed to the 2011 Black Fox Technical Report which can be reviewed in its entirety by accessing the SEDAR database at www.sedar.com
and which qualifies the disclosure above.



On January 27, 2011,
the Company and GLR Resources Inc. ("GLR") announced that they had reached an agreement regarding the reimbursement
by the Company to GLR in connection with certain equipment originally ordered by GLR. This equipment was related to the Company's
wholly owned Goldfields Project in Saskatchewan, Canada. Linear had acquired the Goldfields Project from GLR. Pursuant to the agreement,
the Company issued to GLR 1,396,134 common shares of the Company valued at Cdn$2,443,235 based on a deemed price of Cdn$1.75 per
share and will make cash payments aggregating US$60,000.



On February 9, 2011,
Brigus Gold announced the appointment of Dana Hatfield to Chief Financial Officer following the retirement of Melvyn Williams,
the Company's former Senior Vice President and Chief Financial Officer. Mr. Williams remained with the Company through the transition
period which ended on June 30, 2011. Mr. Hatfield joined the Company after serving as Senior Vice President, Finance, at Gammon
Gold Inc.



On March 9, 2011, the
Company entered into an underwriting agreement with a syndicate of underwriters led by BMO Capital Markets, including Haywood Securities
Inc., CIBC World Markets Inc., Cormark Securities Inc. and Paradigm Capital Inc., collectively (the "Underwriters"). 
Pursuant to the Underwriting Agreement, the Company agreed to sell and the Underwriters agreed to purchase $50,000,000 principal
amount of senior unsecured convertible debentures (the "Convertible Debentures"). The main features of the unsecured
convertible debentures are (1) an interest rate of 6.5% per year, payable semi-annually in arrears on the last day of March
and September commencing September 30, 2011 (2) a maturity date: March 31, 2016 (five years) (3) redemption right after 3 years
(4) a conversion price of $2.45 per Brigus common share, and (5) an Issue price of $1,000 per Convertible Debenture.



On March 16, 2011,
the Company announced that it had filed a final short form prospectus in respect of the previously announced bought deal offering
for the $50.0 million principal amount of Convertible Debentures.



On March 23, 2011,
the Company announced the closing of the Convertible Debenture bought deal for $50.0 million. The net proceeds were used to completely
repay the existing Project Facility debt of $22.0 million held by RMBAH with the balance to be used to accelerate exploration drilling
at the Company's Black Fox Complex, for continuing development of the Black Fox Complex, to undertake an engineering study on the
expansion of the Black Fox mill, and for general working capital purposes. On March 23, 2011, the Convertible Debentures were listed
for trading on the Toronto Stock Exchange under the symbol "BRD.DB.U".



On May 25, 2011, the
Company announced that it had signed a letter of intent with Everton Resources Inc. ("Everton") whereby Everton
can acquire the Company's remaining interest in the Ampliación Pueblo Viejo, Ponton and La Cueva concessions in the Dominican
Republic (the "Concessions").



Page 10Brigus Annual Information Form 2012







On September 29, 2011,
the Company announced that it agreed to revised terms with Everton whereby Everton can acquire the Company's remaining interest
in the Concessions. The agreement requires Everton to issue 15.0 million treasury common shares to Brigus to acquire the option.
Pursuant to the option, Everton can acquire Brigus' remaining interest in the Concessions by paying Brigus Cdn$0.5 million in four
installments and an additional Cdn$0.5 million in cash or common shares with a value of $0.5 million by May 31, 2012. Brigus will
also receive a sliding Net Smelter Return royalty on the Concessions equal to 1.0% when the price of gold is less than US$1,000
per ounce, 1.5% when the price of gold is between US$1,000 and US$1,400 per ounce and 2% when the price of gold is above US$1,400
per ounce. Everton will also issue Brigus a promissory note equal to the greater of Cdn$5.0 million or 5.0 million common shares
of Everton. The promissory note will be subject to the completion of a NI 43-101 compliant measured and indicated resource estimate
on the Concessions of a minimum of one million ounces of gold equivalent (at an average grade of 2.5 gpt or higher for Ampliación
Pueblo Viejo and 1.5 gpt or higher for Ponton and La Cueva) or actual gold production from the Concessions plus a NI 43-101 compliant
measured and indicated resource estimate on the Concessions (at an average grade of 2.5 gpt gold equivalent for APV and 1.5 gpt
gold equivalent or higher for Ponton and La Cueva) exceeding one million ounces of gold equivalent.



On October 5, 2011,
Brigus reported results from an independent Technical Report on its wholly owned Goldfields development project. The pre-feasibility
study indicates a Net Present Value of $144.3 million at a 5% discount rate with an internal rate of return of 19.6% assuming a
gold price of $1,250 per ounce. Report highlights include:



| | · | Mine life of 13 years (including both Box and Athona deposits) based on existing reserves of 1,020,000
ounces of gold at an average gold grade of 1.97 grams per tonne (gpt) over the first 7 years and 1.42 gpt over the life of the
mine.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Processing rate of 1,825,000 tonnes per year (5,000 tonnes per day (tpd)) and a recovery rate of
91% for the Box deposit and 89% for the Athona deposit.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Average cash operating costs of $601 per ounce with a break-even gold price of approximately $1,000
per ounce.
| | - | --------------------------------------------------------------------------------------------------------------

| | · | Capital costs of approximately $160 million (leased mining fleet not included).
| | - | -------------------------------------------------------------------------------

| | · | NPV of $144.3 million at a 5% discount rate with an IRR of 19.6% and a payback period of five years
assuming a gold price of $1,250 per ounce.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------

| | · | At $1,500 per ounce of gold, the NPV for the project increases to $300 million with an IRR of 32%.
| | - | --------------------------------------------------------------------------------------------------

| | · | Average annual production of approximately 100,000 ounces per year during the first seven years.
| | - | ------------------------------------------------------------------------------------------------

| | · | The Environmental Impact Statement (EIS) has been submitted and approved. Therefore no permitting
delays are anticipated.
| | - | -------------------------------------------------------------------------------------------------------------------------



The 2011 Goldfields
Technical Report contains the expression of the professional opinions of the Qualified Person based upon information available
at the time of preparation of the 2011 Goldfields Technical Report. The foregoing summary, which is derived from the 2011 Goldfields
Technical Report, is subject to the assumptions and qualifications contained in the 2011 Goldfields Technical Report. Readers are
directed to the 2011 Goldfields Technical Report which can be reviewed in its entirety by accessing the SEDAR database at www.sedar.com
and which qualifies the disclosure above.



On December 8, 2011,
Brigus closed a private placement of 4,805,833 Common Shares designated as flow-through shares for purposes of the Income Tax Act
(Canada) at a price of Cdn$1.70 per flow-through share for total gross proceeds to the Corporation of Cdn$8,170,000.



Page 11Brigus Annual Information Form 2012







On December 13, 2011,
the Company announced the Board of Directors' adopted a new Shareholder Rights Plan that takes effect immediately following the
expiry of the existing shareholder rights plan on January 18, 2012. The Rights Plan's purpose is to ensure the fair treatment of
all shareholders in connection with any take-over bid for Brigus common shares. It is also intended to provide the Board of Directors
(the "Board") with more time to fully consider an unsolicited take-over bid and, if applicable, to explore other
alternatives to maximize shareholder value.



On December 15, 2011,
Brigus announced an initial National Instrument 43-101 compliant, independent mineral resource estimate for the 147 and Contact
zones on the Black Fox Complex. The report concluded that the 147 and Contacts zones host 116,710 Indicated ounces and 459,420
Inferred ounces. There are another 95 drill holes, with assays pending, that have not been included in the initial resource calculation
and will increase the resource area drill hole data by 37% upon receipt of final assays.



The 147 and Contact
Zones 2011 Technical Report contains the expression of the professional opinions of the Qualified Person based upon information
available at the time of preparation of the 147 and Contact Zones 2011 Technical Report. The foregoing summary, which is derived
from the 147 and Contact Zones 2011 Technical Report, is subject to the assumptions and qualifications contained in the 147 and
Contact Zones 2011 Technical Report. Readers are directed to the 147 and Contact Zones 2011 Technical Report which can be reviewed
in its entirety by accessing the SEDAR database at www.sedar.com and which qualifies the disclosure above.



Year Ended December 31, 2012
("Fiscal 2012" or "2012")



On January 3, 2012,
Brigus announced the departure of the Company's Vice President and Chief Operating Officer, Rick Allan, effective January 1, 2013.
At the same time, Jennifer Nicholson was promoted to Executive Vice President, with responsibility for investor relations, communications,
human resources and operations support.



On February 21, 2012,
Brigus revised its annual production target with a range of 77,000 – 85,000 gold ounces for 2012.



On March 15, 2012,
Brigus Gold and a syndicate of underwriters led by Cormark Securities Inc. and including Haywood Securities Inc., BMO Capital Markets,
Fraser Mackenzie Limited, Casimir Capital Ltd., and Global Hunter Securities (collectively, the "Underwriters")
bought and sold to the public 15,790,000 common shares of the Company at a price of $0.95 per Common Share for gross proceeds to
the Company of approximately $15 million.



On May 25, 2012, the
Company reported that severe forest fires caused a power disruption which temporarily suspended milling operations. On May 28,
2012, Brigus announced that power had been restored and that mining operations were not affected by the fire and that there was
no damage to the Company's assets.



On July 25, 2012, Brigus
announced that Daniel Racine joined the Company as Chief Operating Officer.



On August 31, 2012,
the Notes acquired by the Company pursuant to the sale of Montana Tunnels and related transactions were sold by the Company to
New West Capital for gross proceeds to Brigus totalling $6 million.



On September 6, 2012,
Dana Hatfield resigned as Brigus' Chief Financial Officer and Jon Legatto, Brigus' Vice President of Finance, was appointed to
CFO. The Company eliminated the VP Finance position and consolidated all related duties in the CFO role.



Page 12Brigus Annual Information Form 2012







On September 11, 2012
Cangold Limited terminated its option agreement with Brigus Gold on the Ixhuatan Gold Project in Chiapas, Mexico.



On September 20, 2012,
the Company released a new National Instrument 43-101 mineral resource estimate on the 147 and Contact zones on the Grey Fox property
of the Black Fox Complex. The report stated that 480,850 indicated ounces and 91,061 inferred ounces were contained in these two
zones. Approximately 84% of the new resource occurs within 200 m from surface and therefore has open pit mining potential. Brigus
is focused on extending and expanding both the 147 and Contact zones through systematic drilling below the 200 m level and along
strike to build a resource suitable for underground mining.



On October 23, 2012,
Everton and Brigus revised the agreement relating to the sale of the Concessions. Under the revised agreement, Everton will acquire
Brigus' remaining interest in the Concessions by paying Brigus Cdn$0.5 million in two installments and an additional Cdn$0.5 million
in cash or common shares with a value of $0.5 million. All other terms remained the same.



On October 30, 2012,
Brigus announced the completion of a $30 million bought deal debt financing with Casimir Capital. The $30 million in senior secured
debt notes (the "Senior Secured Notes") with a three year term were secured by a lien against the Company's Black
Fox Complex and the Goldfields properties. Principal payments of $2 million will be paid quarterly, commencing on June 30, 2013.
The Company used $24.4 million of the debt proceeds to repurchase 4% of the existing 12% Gold Stream with Sandstorm Gold Ltd.



On November 1, 2012,
the Company announced a private placement of 8,304,500 flow-through shares of Brigus at a price of $1.21 per share for aggregate
gross proceeds of $10,048,445. The syndicate of underwriters was led by Cormark Securities Inc. and included Haywood Securities
Inc., Fraser Mackenzie Limited, Primary Capital Inc., and Casimir Capital Ltd.



On December 13, 2012,
Brigus announced Daniel Racine's promotion to President and Chief Operating Officer of the Company effective January 1, 2013. Wade
Dawe remains Chairman and Chief Executive Officer. The Company also announced its plans to relocate the investor relations function
to Toronto, Ontario.



DESCRIPTION
OF THE BUSINESS



General



Brigus is a Canadian-based
mining company which is principally engaged in the extraction, processing, and refining of gold deposits as well as related activities
including the acquisition, exploration and development of mineral properties principally located in North America. Brigus' current
sole mining operation is the Black Fox mine.



The Company is also
evaluating the Goldfields Project, in Saskatchewan, which hosts the Box and Athona gold deposits. In Mexico, Brigus owns 100% interest
in the Ixhuatán gold-silver advanced exploration project. In the Dominican Republic, Brigus and Everton Resources have signed
an agreement to sell Brigus' remaining interest in three mineral exploration projects (Ampliacion Pueblo Viejo ("APV"),
Ponton and La Cueva).



Page 13Brigus Annual Information Form 2012







Map of the Properties









Page 14Brigus Annual Information Form 2012







| | 1. | Principal Property
| | -- | ------------------



Map of the Black Fox Complex and Mill







Black Fox Complex – Property Description and Location



The Company wholly
owns and operates the Black Fox mine, an open pit and underground mining operation located in the Timmins Mining District in the
Province of Ontario. The Black Fox mine site is situated 11 kilometres ("km") east of Matheson, Ontario and the
Black Fox mill is 20 km west of Matheson, Ontario. The Black Fox open pit mine and the Black Fox mill have been in operation since
May 2009 and commercial production from underground mine commenced in October 2011.



Brigus is an unhedged
gold producer with no gold derivative positions. On January 1, 2011, the Company began selling 12% of its Black Fox gold production
at a current price of $500 per ounce under the Gold Stream Agreement with Sandstorm. The Company entered in the Goldstream Agreement
and received $56.3 million as an upfront payment in November 2010. Brigus had the option until December 31, 2012 to reduce the
Goldstream Agreement to 6% of production from the Black Fox mine and 4.5% of production from the Black Fox Extension for a payment
of US$36.6 million. On November 5, 2012, the Company elected to partially exercise the option and repurchased 4% of the Goldstream
for $24.4 million. This reduced Sandstorm's portion of future production at Black Fox to 8% and the Black Fox Extension to 6.3%.
(See "Sandstorm Goldstream Agreement" below.)



Brigus owns two exploration
properties adjacent to the Black Fox mine site, Grey Fox and Pike River, which together with the Black Fox mine site, comprise
the Black Fox Complex. The Black Fox Complex has a contiguous land package of 18 square km extending over a 6.5 km strike of the
Destor-Porcupine Fault Zone. The Black Fox mill property, which hosts the historic Stock Mine deposit, covers 24.7 square km and
is located 31 km west of the Black Fox mine. The mill property extends over 6.0 km of the Destor-Porcupine Fault Zone.



Page 15Brigus Annual Information Form 2012







Brigus' exploration
program continues to confirm the potential for new gold discoveries within the Black Fox Complex. In September 2012 the Company
released a National Instrument 43-101 Technical Report and Resource Estimate on the 147 and Contact zones. The report concluded
that the zones hosted 480,850 Indicated gold ounces and 91,061 Inferred gold ounces. Approximately 84 percent of the new resource
occurs within 200 m from surface and therefore has open pit mining potential. Brigus is focused on extending and expanding both
the 147 and Contact zones through systematic drilling below the 200 m level and along strike to build a resource suitable for underground
mining as well.



The Destor-Porcupine
Fault Zone is the known host structure of the Black Fox deposit, the historic Stock Mine deposit and many other occurrences of
gold and gold mines in the Timmins Mining District. The Destor-Porcupine Fault Zone is a deep break in the Precambrian rocks of
the Abitibi Greenstone Belt. The system regionally strikes east-west and dips variably to the south. Black Fox lies on the southern
limb of a large scale fold on a flexure in the Destor-Porcupine Fault where the strike changes from east-west to southeast. Folded
and altered ultra mafic and mafic are the host rocks for mineralization. Gold occurs as free gold in quartz veining and stockworks
in altered ultra mafics and in gold associated with pyrite in altered tholeiitic basalts. The Timmins Mining District was first
discovered in the early 1900s and has been a prolific producer of gold and other metals.



The Black Fox Complex,
including the Grey Fox-Pike River properties, consists of 1,761.4 hectares of which: 356.4 hectares are leasehold patents, 733.6
hectares are owned by Brigus, 129.2 hectares are leased by Brigus, 360.8 hectares where Brigus has surface rights only and 123.3
hectares where Brigus has mineral rights but no surface rights.



None of the currently
defined reserves are subject to production royalties (although a portion of future production was sold pursuant to the Gold Stream
Agreement). However, the Company owns properties within the Black Fox Complex totalling 890.5 hectares that are subject to net
smelter return royalties, ranging from 2.0% to 3.25%, if there is production in the future from any reserves found on those properties.



Access to both the
Black Fox Complex and the mill is via Highway 101 East. The Black Fox Complex and its facilities are located on the south side
of Highway 101 East 11 km east of Matheson and the Black Fox mill is located on the North side of Highway 101 20 km west of Matheson.
Supplies and services are available in Matheson or Timmins and can be delivered with a 12-hour turnaround. The primary industries
are forestry and mining, and Black Fox is located in a well-established mining camp. Because of this, mining and exploration personnel
as well as equipment can be found locally for projects in the area. The historic Glimmer underground mine, formerly operated by
Exall Resources Ltd. ("Exall"), is located within the property boundaries. From 1997 until 2001, the Glimmer mine
produced approximately 210,000 ounces of gold from underground workings.



Much of the old mine
infrastructure was upgraded in 2010 to facilitate mine development. New infrastructure to support open pit and underground mine
operations include a truck shop, laboratory, administration building, the firewater/ freshwater pump house, and ancillary buildings.



The Black Fox mill
is fed from an existing 27 kilovolt (kV) power line to the mill site. Power is distributed at the plant site from this 27 kV power
line, a 5 mega volt ampere (MVA), 4,160 volt (V), 3 phase, 60 hertz (Hz) distribution transformer.



Fresh water at the
Black Fox Complex is being supplied from a fresh water well. Water from dewatering of the complex is channelled to the mine's holding
pond for recycling and /or discharge through the Black Fox water treatment facility. Excess water is treated during the spring
and summer months for discharge to the environment through the water treatment system.



Page 16Brigus Annual Information Form 2012







Black Fox – History



The Black Fox Complex
was first explored by Dominion Gulf in 1952 and then by Hollinger in 1962. In 1988, Glimmer Mine Inc. put together the property
package using a combination of crown (i.e. lands owned by the Canadian government) and private lands. In 1989, Noranda Exploration
Company Ltd. ("Noranda") entered into a joint venture agreement with Glimmer. As a result of this agreement, Noranda
held a 60% interest in the property. During their ownership, Noranda merged with Hemlo Gold Mines Inc. ("Hemlo").
Exall purchased the property from Hemlo in April 1996, obtaining an approximately 60% interest in the property with Glimmer retaining
40%.



In September 2002,
the Company purchased all of the real estate and related assets of the mine, which ceased operations in May 2001, from Exall and
Glimmer Resource Inc. ("Glimmer") and renamed it "Black Fox". The Company paid Exall and Glimmer an
aggregate purchase price consisting of Cdn$3.0 million in cash and an aggregate of 520,000 Common Shares (adjusted from the former
Apollo common shares). Pursuant to the terms of the acquisition, an additional Cdn$3.0 million was paid to Exall and Glimmer on
January 6, 2006.



On July 28, 2008, the
Company completed the acquisition from St. Andrew Goldfields Ltd (“St. Andrews”) of the former Stock mine and mill
and related equipment, infrastructure, property rights, laboratory and tailings facilities, located near Timmins, Ontario for a
purchase price of Cdn$20.0 million and the refund to St Andrew of its bonding commitment at the mill complex in the amount of approximately
Cdn$1.2 million.



On November 6, 2007,
the Company leased from the Frederick William Schumacher estate the surface and mining rights to lease parcels 16262, 16265 and
16266, all in the township of Hislop. The properties were renamed Grey Fox. The terms of the lease are as follows:



| | (i) | Term of 20 years, with extensions of 20 year period at the discretion of the Company
| | --- | ------------------------------------------------------------------------------------



| | (ii) | Work commitment in the first 2 years of Cdn$1.0 million, which was fulfilled
| | ---- | ----------------------------------------------------------------------------



| | (iii) | Annual lease payments of Cdn$100,000, until commercial production royalties exceed Cdn$100,000
per annum
| | ----- | --------------------------------------------------------------------------------------------------------



| | (iv) | The royalty is a 3% net smelter return
| | ---- | --------------------------------------



On September 9, 2009,
the Company completed the acquisition of the Pike River property, contiguous to the southeast boundary of the Black Fox mine and
the northwest boundary of the Grey Fox property.  The Pike River property was acquired from Newmont Canada Corporation
("Newmont").   Brigus paid Cdn$100,000 to Newmont and granted a perpetual 2.5% net smelter production
royalty to Newmont from the sale or other disposition of all materials produced from the Pike River property pursuant to a royalty
agreement, dated March 25, 2009, between Newmont and Brigus.  In addition, as further consideration, within 30 days following
the earlier of (i) the date that at least 500,000 ounces of gold equivalent minerals sufficient to be reported pursuant to Canadian
National Instrument 43-101 combined reserves (proven and probable) and resources (measured, indicated and inferred) are determined
to exist within the Pike River property, or (ii) the commencement of commercial production from any portion of the Pike River property,
Brigus shall pay an additional sum of Cdn$1 million to Newmont.  The royalty agreement also contains a first right to
negotiate in favour of Newmont pursuant to which, if Brigus wishes to option, joint venture, assign, transfer, convey or otherwise
dispose of its rights or interests in and to its Black Fox property (but excluding a corporate merger transaction), Brigus must
first notify Newmont of its intentions so that Newmont may consider a possible acquisition from Brigus of a portion or all of its
interest in the Black Fox property.



Page 17Brigus Annual Information Form 2012







Map of the Black Fox Complex







Black Fox – Mine and Mill Operations



Open Pit:



Open pit mining of
ore and waste at Black Fox is conducted 24 hours a day seven days a week, subject to weather conditions, and scheduled maintenance.
The mining of ore, waste and overburden is performed by three excavators, six CAT 777 90-tonne haul trucks and three drills in
addition to ancillary equipment. The mining fleet averages approximately 30,000 tonnes per day ("tpd") ore and waste.
The mining of ore is only done during daylight hours. Phase 3 of overburden removal will be completed in during the first half
of 2013. Mining of Phase 2 and 3 of the open pit will continue up until the end of 2016.



During the year ended
December 31, 2012, 9,402,994 tonnes of material was mined from the open pit of which 907,077 tonnes were ore tonnes, 5,008,332
tonnes were waste rock, 2,300,545 tonnes were related to production stripping and 1,187,040 tonnes were related to Phase 3 overburden
removal. This resulted in an operating strip ratio of 5.5:1. For the year ended December 31, 2011, 10,220,532 tonnes were mined
from Phase 1 and 2, of which 433,267 tonnes was ore, 4,849,506 tonnes were waste rock, 4,644,079 tonnes were related to production
stripping and 293,680 tonnes were related to the Phase 2 overburden removal, resulting in a strip ratio of 10.4:1. In 2012, $7.3
million of production stripping costs were capitalized, compared to $13.5 million in 2011.



Page 18Brigus Annual Information Form 2012







Underground:



During the year 2012,
a total of 9,061 metres of development, ramp, lateral and access to ore was done by on site underground development crews. J.S.
Redpath, underground development contractor, was retained in April 2011 to help expedite development on both the East and West
ramps. The contract was completed in November 2012.



Underground infrastructure:



In October of 2012,
the surface to underground electrical distribution was completed. This work was necessary for electrical distribution requirements
underground on the East and West sides of the mine.



Underground mining
as expected reached the production rate of 800 tpd of ore in December 2012. The underground production rate is expected to continually
increase up to 1,000 tpd of ore by Q4 of 2013. Mining of underground ore is performed using all company owned equipment and employees
including four LHD units, two 50-tonne haul trucks, three 30-tonne push box trucks, three jumbo drills, four scissor lifts for
ground control installations and several pieces of support equipment.



Underground ore was
produced using long hole, cut and fill, and narrow vein mining methods. The ore was accessed from a series of declines off of the
main ramp to surface. The underground portion of the Black Fox mine is expected to extend from below the existing open pit mine
(near 200 m depth below surface) to approximately 800 m in depth below surface.



Backfill:



Current backfill is
a combination of mine waste rock mixed with a Portland slurry mix done underground. The Company is currently evaluating new backfill
systems and will select and install a new system by Q2 2013. Waste rock is also used as backfill in mined out areas where cement
is not needed.



Ore Haulage:



Ore from the open pit
and underground mine is crushed to -150 mm at the mine site and is transported to the Black Fox mill by a fleet of highway haulage
trucks.



Mill:



The ore is stockpiled
at the mill site and fed via a conveyor system to the crushing circuit, with a crushing capacity to a maximum of 160 tonnes per
hour, where it is reduced from -150mm through three stages of crushing to -10mm. This crushed product is transferred to a 1,500
tonne fine ore surge bin. The ore is then fed into a grinding circuit at a planned rate of 2,200 tonnes per day through two stages
of closed circuit ball milling. Soluble gold is recovered by adsorption upon granular activated carbon in CIC, CIL, and CIP trains
at an efficiency of 90% to 95%. Gold is removed from the carbon in a high temperature strip vessel in a closed circuit with electro-winning
deposition. Gold plate is further refined by induction smelting and cast in 1,000 ounce molds before shipment to the refinery.
After extraction of the gold, the residue is discharged into the tailing impoundment area.



Page 19Brigus Annual Information Form 2012







Facilities:



Property, plant and
equipment at the Black Fox mine consists of an administration office, change house facilities, workshop facilities, core sheds
and surface infrastructure for the underground mine (pumps, heating, etc). Property, plant and equipment at the Black Fox mill
consists of an administrative office, electrical and mechanical shops, laboratory and a 2,200 tonnes per day mill for processing
ore.



All mill facilities
and equipment are in good working order. Within the mill property, there is also a permitted tailings compound. Both the Black
Fox mine and mill use power supplied by Hydro One.



Safety and Environment:



Brigus is committed
to providing a safe work environment for its employees, and the responsible stewardship of its environment. During 2012, the Black
Fox mine and mill marked a milestone of 1,130 days without a lost time injury.



Brigus Gold and the
Black Fox mine have been recognized by the Porcupine Northern Ontario Mines Safety Group with the Angus D. Campbell Trophy for
the member mining company with the lowest lost time accident frequency record in North Eastern Ontario. This is the third time
Brigus has received this award.



Black Fox – Gold Sales and Production



During the year ended
December 31, 2012, 65,275 ounces were sold at spot prices at an average realized price of $1,665 per ounce and 8,416 ounces were
delivered against the Goldstream Agreement (the “Goldstream”) with Sandstorm Resources Ltd. (“Sandstorm”).
On November 5, 2012, the Company exercised its option to repurchase a portion of the Goldstream from Sandstorm. The Company repurchased
4% of the Goldstream relating to production from the Black Fox Mine and 3.7% of the production from the Black Fox Extension. Sandstorm
is now entitled to 8% of the production from the Black Fox Mine and 6.3% of the production from the Black Fox Extension. The average
realized price for sales under the Goldstream, prior to the repurchase, was $1,072 per ounce, consisting of cash proceeds of $500
per ounce and deferred revenue of $572 per ounce. As a result of the repurchase, the average realized price for sales under the
Goldstream is $982 per ounce, consisting of $500 per ounce and deferred revenue of $482 per ounce. For the year ended December
31, 2012, the average realized price per ounce for gold sold to Sandstorm was $1,068. For the year ended December 31, 2011, 50,897
ounces were sold at spot prices at an average realized sales price of $1,589 per ounce and the remaining 6,104 ounces were delivered
against the Goldstream at an average realized price of $1,072 per ounce. The total cash cost per ounce of gold sold for the year
ended December 31, 2012 was $762 per ounce compared to $958 per ounce for the year ended December 31, 2011.



During the year ended
December 31, 2012 the mill processed 735,573 tonnes of ore (2,010 tonnes per day), at an average grade of 3.43 gpt and a recovery
rate of 95% achieving total gold production of 77,374 ounces. During the year ended December 31, 2011, the Black Fox mill processed
725,541 tonnes of ore (1,988 tonnes per day), at an average grade of 2.54 grams of gold per tonne and a recovery rate of 94%, achieving
total gold production of 55,756 ounces.





Page 20Brigus Annual Information Form 2012







Black Fox – Sandstorm Goldstream Agreement



On November 9, 2010,
Brigus entered into the Goldstream Agreement with Sandstorm pursuant to which Sandstorm agreed to purchase 12% of the gold production
from the Black Fox mine beginning in January 2011 and 10% of future production from the Black Fox Extension covering a portion
of the adjoining Pike River property. Sandstorm made an upfront payment of $56.3 million of which Brigus used a portion to effectively
settle the balance of its forward gold sales contracts eliminating the obligation to deliver 99,409 ounces from October 2011 to
March 2013 and as a result Brigus is an unhedged gold producer with no gold derivative contracts. Sandstorm will also pay Brigus
ongoing per ounce payments of $500 subject to an inflationary adjustment beginning in 2013, not to exceed 2% per annum. Brigus
had the option, for a 24 month period, to reduce the Goldstream Agreement to 6% of production from the Black Fox mine and 4.5%
of production from the Black Fox Extension for a payment of US$36.6 million.





On November 5, 2012,
the Company elected to exercise the option and repurchased 4% of the Goldstream for $24.4 million. This reduced Sandstorm's portion
of future production at Black Fox to 8% and the Black Fox Extension to 6.3%.



Black Fox – Mineral Reserves and Resources



The 2011 Black Fox
Technical Report also included the estimated reserves and resources statement for Black Fox at October 31, 2010, which was since
updated to reflect depletion from production from the end of October to December 31, 2010 and from December 31, 2010 to December
31, 2011 and December 31, 2011 to December 31, 2012. The year-end 2012 reserves and resources for Black Fox and consolidated totals
are shown in the tables below.



At December 31, 2012,
Black Fox had approximately 0.76 million ounces of gold contained within 5.22 million tonnes at an average gold grade of 4.6 gpt
in Proven and Probable Reserves. The Company's consolidated total Proven and Probable Reserves, including Black Fox and the Goldfields
Project, total 1.78 million ounces of gold contained within 27.55 million tonnes at an average gold grade of 2.0 gpt.



The Qualified Person
who reviewed the Reserve tables and footnotes for the Black Fox mine is Mike Wereszczynsky, P.Eng. of Brigus Gold Corp. Paul Daigle,
P.Geo. of Tetra Tech is the Qualified Person for the Black Fox mine Resource and the Grey Fox Resource tables and footnotes. Tim
Maunula, P.Geo. formerly of Tetra Tech is the Qualified Person for the Goldfields Box and Athona Resources. Kyle Krushelniski,
P. Eng. of March Consulting Associates is the Qualified Person for the Goldfields Box Reserve table and footnotes.



Estimated Gold Mineral Proven and
Probable Reserves, as of December 31, 2012



|Property          |  | Proven Reserves |           |  | Probable Reserves |  |     | Proven & Probable Reserves | 
|----------------- |  | --------------- | --------- |  | ----------------- |  | --- | -------------------------- | 
|                  |  | Tonnes          |           |  | Gold Grade (gpt)  |  |     | Gold  (oz)5                | 
|Black Fox Mine1,2
|Open Pit          |  |                 |           |  |                   |  |     |                            | 
|Underground       |  |                 |           |  |                   |  |     |                            | 
|Stockpile         |  |                 | 500,000   |  |                   |  | 1.2 |                            | 
|Goldfields1,3    
|Box               |  |                 | 1,228,000 |  |                   |  | 1.9 |                            | 
|Athona            |  |                 |           |  |                   |  |     |                            | 
|Total             |  |                 |           |  |                   |  |     |                            | 



Page 21Brigus Annual Information Form 2012







Estimated Gold Mineral Measured and
Indicated Resources, Including Reserves, as of December 31, 2012



|Property          |  | Measured Resource |         |  | Indicated Resource |  |     | Measured & Indicated Resource | 
|----------------- |  | ----------------- | ------- |  | ------------------ |  | --- | ----------------------------- | 
|                  |  | Tonnes            |         |  | Gold Grade (gpt)   |  |     | Gold  (oz)5                   | 
|Black Fox Mine1,2
|Open Pit          |  |                   |         |  |                    |  |     |                               | 
|Underground       |  |                   |         |  |                    |  |     |                               | 
|Stockpile         |  |                   | 500,000 |  |                    |  | 1.2 |                               | 
|Grey Fox1,4      
|147 Zone          |  |                   |         |  |                    |  |     |                               | 
|Contact Zone      |  |                   |         |  |                    |  |     |                               | 
|Goldfields1,3    
|Box               |  |                   | 858,000 |  |                    |  | 2.0 |                               | 
|Athona            |  |                   |         |  |                    |  |     |                               | 
|Total             |  |                   |         |  |                    |  |     |                               | 



Estimated Gold Mineral Resource as
of December 31, 2012



|Property        |  | Inferred Resource |          
|--------------- |  | ----------------- | ---------
|                |  | Tonnes            |          
|Black Fox Mine2
|Open Pit        |  |                   | 319,164  
|Underground     |  |                   | 146,178  
|Grey Fox4      
|147 Zone        |  |                   | 1,040,266
|Contact Zone    |  |                   | 652,000  
|Goldfields3    
|Box             |  |                   | 3,158,000
|Athona          |  |                   | 1,406,000
|Total           |  |                   |          



1. The average gold grade for
Proven and Probable Reserves is adjusted for dilution while Measured and Indicated Resources is not. Contained metal in estimated
reserves remains subject to metallurgical recovery losses.2. Black Fox reserves and resources are based on US$1,150/oz Au for 88% of production and US$500/oz
Au for gold sold through the gold stream agreement from the NI 43-101 Technical Report prepared by Tetra Tech dated January 2011.
The Black Fox open pit reserves and resources are reported at a 0.88 gpt cutoff and the underground reserves and resources are
reported at a 2.54 gpt cutoff. Estimated Black Fox reserves and resources are shown as at December 31, 2012, net of mining depletion
from the October 31, 2010 independent Technical Report.3. Goldfields reserves and resources are based on CAD$1,250/oz Au and 2% NSR. Goldfields' Box
and Athona deposits’ resources reflect a gold cut off grade (COG) of 0.50 gpt and reserves reflect a COG of 0.72 gpt with
a marginal COG of 0.33 gpt. The NI 43-101 Technical Reports for the Box and Athona deposits, which comprise the Goldfields Project,
were prepared by March Consulting Associates Inc., October 2011.4. A gold price of US$1,250/oz and an exchange rate of US$1.00=C$1.00 was utilized in the gold
cut-off grade calculations of 2.63 gpt for potential underground at the Contact Zone and 0.65 gpt for potential open-pit 147 Zone
mineral resources. Underground and open-pit mining costs, process costs and G&A costs were estimated using experience gained
from Brigus' Black Fox mine. Process recovery was assumed at 95%.5. Disclosure of "contained ounces" is permitted under Canadian Regulations; however,
the SEC permits resources to be reported only as in place tonnage and grade.



Page 22Brigus Annual Information Form 2012







Black Fox – Geology



The Black Fox deposit
sits astride the Destor-Porcupine Fault Zone and is open at depth and along strike to the southeast. Black Fox is being mined as
an open pit and underground mining operation. Black Fox commenced mining from the open pit in May 2009 and achieved commercial
production from the underground operations in October 2011.



The former Glimmer
underground gold mine operated on the Black Fox property over the period 1997-2001, and produced approximately 211,000 oz of gold
by contract milling. Underground mining extended to depths of approximately 200 m to 215 m below the surface before operations
were suspended due to low gold prices in May of 2001.



The Black Fox mineralization
is subdivided into three main domains based on the continuity and style of the mineralization. The first is called the "Main
Zone" and is delineated by the primary domain of shearing and mineralization. It is broader near surface reaching a maximum
true width of 150 m normal to strike and dip and narrows at depth. It averages approximately 80 m normal to strike and dip and
has currently been drill tested to 600 m below surface. Within the "Main Zone", the mineralization occurs along both
a foliated fabric cut by discrete shear zones and as stockwork carbonate veining.



The second mineralization
domain is called the "Flow Zones". This mineralization occurs as numerous sigmoid and lens shaped bodies completely hosted
within or adjacent to the "Main Zone". The gold mineralization within these bodies has good geologic and grade continuity.
The rock is distinctive with strong foliation, pervasive shearing and can be correlated reasonably well between adjacent drill
holes.



The third mineralization
domain is High Grade ("HG") Indicator Zone. This was a probabilistic approach to define the zones of mineralization
over an average gold grade of 2 grams per tonne ("gpt"). This HG Indicator Zone was constrained within the Main
Zone and overlapped at times on the Flow Zone. Each of the three mineralization domains was modeled independently.



Black Fox – Exploration



Beyond the known mineral
reserves and resources, upside potential exists for resource additions from ongoing exploration drilling at the Black Fox Complex
and Black Fox mill property. The Black Fox ore body remains open at depth and along strike.



The Company began exploration
of the Black Fox mine site in 2003. The exploration drilling programs intersected significant gold mineralization in both near
surface and down-dip of the former Glimmer mine as well as along strike.



From 2003 to 2007,
the Company conducted a drilling program, during which 504 surface core drill holes totalling 149,548 m and 396 underground holes
totalling 78,644 m were completed. The Company's drilling supplemented the data from the 286 surface and 707 underground drill
holes drilled by the previous owners. In 2008 and 2009, the Company drilled 69 holes for a total of 13,651 m on the Grey Fox and
Pike River properties, which are adjacent to the Black Fox mine site.



The 2008 drilling program
of 16 core holes was successful in intersecting gold mineralization in rocks similar to the host rocks of the Black Fox ore on
the Destor-Porcupine Fault Zone. The Company called this north-south mineral structure the Contact Zone. The 2008 drilling program
also hit very high grade gold mineralization in a silicified breccia within the Contact Zone.



Page 23Brigus Annual Information Form 2012







The 2009 drilling program
completed 53 holes at the Contact Zone and the Grey Fox and Pike River properties. Drilling results continued to show gold mineralization
continuity in multiple shallow, mineralized zones.



In December 2010, Brigus
discovered the 147 gold zone located approximately 400 m to the south of the Contact Zone on the Grey Fox property. The 2010 exploration
drilling program completed 69 drill holes (26,805 m) at the Grey Fox and Pike River properties that included 34 drill holes (12,703
m) on the Contact Zone, 14 drill holes (5,123 m) on the Gibson deposit/shear, 3 drill holes (1,503 m) on the Grey Fox South Zone,
11 drill holes (4,336 m) on the Hislop North target, and 7 drill holes (3,139 m) on the 147 Zone. Drilling results continued to
show gold mineralization continuity in multiple mineralized zones on the Contact Zone and the newly discovered 147 Zone. A helicopter,
high-resolution, magnetic geophysical survey was completed during September 2010 covering the 17-square km Black Fox Complex. In
addition, line cutting at the Black Fox Complex was completed in September 2010 in preparation for the advanced Quantec Titan 24
IP geophysical system survey. The Titan survey was completed in October 2010.  The purpose of the two surveys is to detect
conductive mineralization, disseminated mineralization, alteration, structure and geology resulting in the identification of prospective
drill targets. Final geophysical survey reports were delivered in December 2010.



The 2011 exploration
drilling program completed 247 drill holes (92,273 m) at the Grey Fox and Pike River properties that included 79 drill holes (27,881
m) on the Contact Zone, 28 drill holes (8,798 m) on the Gibson deposit/shear, 2 drill holes (883 m) on the Grey Fox South Zone
and 138 drill holes (54,710 m) on the 147 Zone. Drilling results continued to show gold mineralization continuity in multiple shallow,
mineralized zones on the Contact Zone and the newly discovered 147 Zone.



The 2012 exploration
drilling program completed 261 drill holes (76,566 m) at the Grey Fox and Pike River properties that included 64 drill holes (20,285
m) on the Contact Zone, 140 drill holes (33,902 m) on the 147 Zone, 1 drill hole (260 m) on the new Whiskey Jack Zone and 56 drill
holes (22,119 m) on the newly discovered Grey Fox South. The bulk of the Contact and 147 Zone drilling program was focused on converting
the inferred resources to the indicated category. Drilling results continued to show gold mineralization continuity in multiple
mineralized zones on the Contact, 147 and Grey Fox South zones.



Apart from the Black
Fox mine deposit mineralization, the majority of known gold mineralization defined to date at the Black Fox Complex occurs within
the Contact Zone and 147 Zone on the Grey Fox-Pike River properties located about 3.5 km southeast of the Black Fox Mine. Drilling
by Brigus in 2008, 2009, 2010, 2011 and 2012 on the Contact Zone highlighted the potential for significant gold resources with
the possibility of underground mining. The Contact Zone consists of a steeply dipping mineralized fault contact between the north-south
trending metasediments and mafic volcanic rocks, and two other parallel mineralized zones. Following drilling completed in 2011,
the Contact Zone has been extended for at least 1,200 m, however the core zone of gold mineralization of interest is approximately
450 m in strike length and remains open to the north and at depth. The general dip of the feature is 78 degrees to the east with
horizontal widths varying from 3.5 m to 35 m. Most of the 2009 to 2012 drilling was relatively shallow, concentrated within 200m
of bedrock. Drilling by Brigus in 2010, 2011 and 2012 on the 147 Zone highlighted the potential for significant gold resources
with the possibility of open pit and underground mining scenarios. The 147 gold zone is hosted by a north trending, steeply east
dipping variolitic basalt (Tisdale assemblage). The core zone of gold mineralization occurs over an approximate 275m north-south
direction strike and dips at approximately 75 degrees to the east. The mineralized zone has been traced from the top of the bedrock
to a drilled vertical depth of at least 400 m. The mineralization occurs in association with breccia veins, crustiform veining
and thin quartz-carbonate matrix cataclastic-hydrothermal breccias. Overall mineralization style is brittle compared to other deposits
in the region, and the crustiform textures are reminiscent of high level epithermal mineralization.



Page 24Brigus Annual Information Form 2012







In September 2012,
the Company released a new National Instrument 43-101 ("NI 43-101") compliant, independent mineral resource estimate
prepared by Tetra Tech for the 147 and Contact zones on the Black Fox Complex. Highlights of the new resource estimate include:



|Zone    |  | Indicated ounces |         |  | Inferred ounces |  |        | Total ounces | 
|------- |  | ---------------- | ------- |  | --------------- |  | ------ | ------------ | 
|147     |  |                  | 279,244 |  |                 |  | 51,261 |              | 
|Contact |  |                  | 201,606 |  |                 |  | 39,800 |              | 
|TOTAL   |  |                  | 480,850 |  |                 |  | 91,061 |              | 



The reported mineral
resource estimates reflect resource values which include calculated cut-off grades of 2.63 grams per tonne ("gpt") of
gold for a potential underground mine at the Contact Zone and 0.65 gpt of gold for an initial open pit mine at the 147 Zone.



147 Zone (0.65 gpt Au cut-off) and
Contact Zone (2.63 gpt Au cut-off)NI 43-101 Mineral Resource Estimate



|Resource Class |  | Cut-off Grade (gpt Au) |                                                                                  |  | Potential Material |             | Tonnes (t) |  |           | Capped Au (gpt) |  |  | Contained Au (oz) |        
|-------------- |  | ---------------------- | -------------------------------------------------------------------------------- |  | ------------------ | ----------- | ---------- |  | --------- | --------------- |  |  | ----------------- | -------
|Indicated      |  |                        | 2.63                                                                             |  |                    | Underground |            |  | 231,478   |                 |  |  | 5.44              |        
|               |  |                        | 0.65                                                                             |  |                    | Open Pit    |            |  | 6,873,900 |                 |  |  | 1.99              |        
|               |  |                        | Total
                                                                 Indicated |  |                    | 7,105,378   |            |  |           | 2.11            |  |  |                   | 480,850
|Inferred       |  |                        | 2.63                                                                             |  |                    | Underground |            |  | 143,852   |                 |  |  | 3.72              |        
|               |  |                        | 0.65                                                                             |  |                    | Open Pit    |            |  | 1,548,415 |                 |  |  | 1.48              |        
|               |  |                        | Total
                                                                 Inferred  |  |                    | 1,692,267   |            |  |           | 1.67            |  |  |                   | 91,061 



Notes:
1) The effective date of this resource estimate is 14 August, 2012.
2) The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient
exploration to define these Inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration
will result in upgrading them to an Indicated or Measured mineral resource category.
3) CIM definitions and guidelines were followed for Mineral Resources.
4) The resource was estimated using version Gemcom GEMS 6.4.1. The database used for the estimate comprised diamond drill core
composites and assays. All samples were collected by Company personnel. A top cut of 100 gpt was applied to assay grades prior
to compositing grades for interpolation into model blocks using Ordinary Kriging and Inverse Distance Weighting Squared methods,
and was based on 1.5 m composites within a 3m long x 3m wide x 3m high block model.  Nearest neighbor interpolation was also
used for grade estimation and validation.  The ordinary kriged grade model for the Contact and 147 Zones was felt to best
represent the continuity and distribution of the gold grade based on the current geological model.
5) Bulk densities were assigned to the five of the six interpreted lithological domains based on 1,162 density measurements. The
average of the bulk density measurements, 2.88 t/m3, was used for all other lithologies.
6) No recoveries were applied to the estimated grades.
7) A gold price of US$1,250/oz and an exchange rate of US$1.00=C$1.00 was utilized in the gold cut-off grade calculations of 2.63
gpt for potential underground and 0.65 gpt for potential open-pit Mineral Resources. Underground and open-pit mining costs, process
costs and G&A costs were estimated using experience gained from Brigus' Black Fox mine. Process recovery was assumed at 95%.



Senior Exploration
Project Manager John A. Dixon, P. Geo., reviewed the above technical exploration information as the Qualified Person for the Company.



Page 25Brigus Annual Information Form 2012







Black Fox – Environmental and Regulatory Considerations



Brigus' mining, exploration,
development and production activities are subject to extensive regulation at the federal, provincial and local levels. These regulations
relate to, among other things, prospecting, development, mining, production, exports, taxes, labour standards, occupational health,
waste disposal, protection of the environment, mine safety, hazardous substances and other matters. These laws are continually
changing and, in general, are becoming more restrictive.



The Company has made,
and expects to make in the future, significant expenditures to comply with such laws and regulations. Changes to current local,
provincial or federal laws and regulations could require additional capital expenditures and result in an increase in the Company's
operating and/or reclamation and closure costs. Although the Company is unable to predict what additional legislation, if any,
might be proposed or enacted, additional regulatory requirements could impact the economics of the Company's projects.



At the Black Fox mine
and mill, the primary enabling environmental permits necessary for the continuing development and operation of the mine and mill
include:



| | · | Permit to Take Water – for the withdrawal of surface or ground water quantities in excess
of 50 m3/day – including mine underground or open pit dewatering.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Certificate of Approval/Air – for treatment and discharge of emissions to air, including
management of dust and noise in emissions.
| | - | -----------------------------------------------------------------------------------------------------------------------------------

| | · | Certificate of Approval/Industrial Sewage Works – for collection, treatment, and discharge
of wastewaters.
| | - | ----------------------------------------------------------------------------------------------------------

| | · | Approved Closure Plan including posting of financial assurance for closure.
| | - | ---------------------------------------------------------------------------



The Black Fox operations
are fully permitted. The mine and mill were previously under separate ownership and, therefore, the facilities were permitted separately.
The permits for these facilities were acquired with the properties and have been amended as the operations have evolved, maintaining
the separate permitting for the sites.



Applicable regulatory
authorities have approved closure plans for the Black Fox mine and mill. The closure plan at the mill includes provision for five
years water treatment following the completion of mining activities. To the best knowledge of the Company, neither the Black Fox
mine nor the mill has any known legacy environmental liabilities.



Black Fox – First Nations Considerations



Brigus is committed
and works diligently to maintain positive, cooperative and a mutually beneficial relationship with the local First Nations community
and all of its neighbours in the community around the Black Fox Complex and mill. The local First Nations community comprise the
Wahgoshig First Nations of Ontario ("Wahgoshig").



The Company recognizes
the unique cultural, developmental, educational, training and employment needs, land use and environmental interests of the Wahgoshig.
On June 3, 2011, the Company signed an Impact Benefit Agreement ("IBA") with the Wahgoshig. The IBA provides a
framework for how the parties work together during the construction, development and operations of the Black Fox Complex and mill.



Page 26Brigus Annual Information Form 2012







| | 2. | Other Properties
| | -- | ----------------



Goldfields Project, Saskatchewan



Goldfields – Property Description and Location



The Company owns a
100% interest in the Goldfields Project located on the north shore of Lake Athabasca in the northwestern portion of Saskatchewan,
Canada.



Location Map of the Goldfields Project,
Saskatchewan







The Goldfields property
is situated approximately 55 km south of the Saskatchewan and Northwest Territory boundary and approximately 75 km east of the
Saskatchewan and Alberta boundary. The property forms a rough triangle approximately 23.3 km southwest, 17.6 km northeast and 23.3
km southeast of Uranium City, Saskatchewan.



Both the Box and Athona
deposits are envisioned as large tonnage, open pit mining operations, using a central 5,000 tpd mill processing facility. The two
deposits are approximately two km apart. The Box deposit is located on a peninsula west of Neiman Bay on Lake Athabasca. The Athona
deposit is located approximately 0.6 km southeast of Neiman Bay.



Page 27Brigus Annual Information Form 2012







The Goldfields property
consists of 31 contiguous mining claims plus five mining leases, covering 25,685 hectares in the Beaverlodge Lake area in the Northern
Mining District of Saskatchewan.



Franco-Nevada Corporation
has a 2% NSR for the Box and Athona deposits. The royalty covers an area of interest of 16 kms extending inward from the external
property boundaries of the Box property, Athona property, Fish Hook Bay property and the Nicholson Bay property.



The Box area is also
subject to a 1.5% NSR on all production beneath 50 m below the mean sea level on the original Cominco mining claims. This royalty
does not apply to the current Box mine plan since it is above the minus 50 m below sea level elevation.



Access to the Goldfields
project site is via a network of gravel and dirt roads from Uranium City with one branch leading to the former Box mine site. Uranium
City is serviced by regular scheduled flights originating from Saskatoon. Charter air service is also available from the northern
communities of Prince Albert, La Ronge and Stony Rapids. Heavy equipment and supplies may be transported by barge service operating
from Stony Rapids, Saskatchewan to the communities along the shore of Lake Athabasca from mid-May to early October.



Proposed mine development
and future mill processing would use water from surrounding bodies of water.



Electric power for
the Goldfields site will be supplied by SaskPower via an existing power line and right of way.



Goldfields – History



The Goldfields property
derived its name from the former mining town of Goldfields located between the historic Box gold mine to the west and the historic
Athona gold mine to the southeast. Gold was first discovered in Saskatchewan in the North Saskatchewan River near Prince Albert
in 1859. Saskatchewan began producing gold in small quantities in the early 1900s and possibly earlier from panning and dredging
operations on the North Saskatchewan River and its tributaries.



On June 27, 1939, the
historic Box mine went into production at a low tonnage after reported expenditures of Cdn$4,000,000. The milling rate stepped
up to over 1,200 tpd in December 1939. The first gold brick (then worth Cdn$30,000) was poured on August 15, 1939. A total of 8,000
ounces of gold (then valued at Cdn$288,000) was produced at an operating cost of $1.81 per tonne in 1939. During 1940, the milling
rate averaged 1,400 tpd and it is believed that the mine was only marginally profitable. The historic Box mine shut down in 1942.
During its life, the historic Box mine produced 64,066 ounces of gold from 1.29 million tonnes of ore at an average grade of 1.54
gpt.



In the late 1980s,
there was significant gold exploration in the province. In 1987, Lenora Exploration Ltd. and Mary Ellen Resources Ltd. (later to
become GLR), jointly optioned the Box and Athona properties. Between 1987 and 1994, additional drilling was completed by GLR.



On August 20, 2009,
the Company completed the acquisition of a 100% interest in the Goldfields Project from GLR. The Company paid GLR Cdn$5.0 million
in cash and issued 727,272 common shares of a predecessor company, Linear, then valued at Cdn$1.95 per Linear share, as consideration
for a 100% interest in the Goldfields Project assets. In addition to the cash payment and shares issued, the Company assumed equipment
construction contracts previously entered into by GLR.



Page 28Brigus Annual Information Form 2012







On January 25, 2011,
Brigus and GLR reached an agreement regarding the reimbursement by Brigus to GLR in connection with certain equipment originally
ordered by GLR for the Company's Goldfields Project. Pursuant to the agreement, the Company issued 1,396,134 common shares of Brigus
to GLR and made three $20,000 cash payments in 2011.



Goldfields – Technical Reports



In September 2009,
Bikerman Engineering & Technology Associates, Inc. ("Bikerman") completed an updated NI 43-101 Technical Report
for the Box deposit, initially dated June 2007 and revised on May 12, 2008 ("Box-Goldfields Technical Report").
Bikerman also completed a pre-feasibility study in a NI 43-101 Technical Report of the Athona deposit dated September 25, 2009
("Athona-Goldfields Technical Report"). Bikerman had previously produced NI 43-101 technical reports for the previous
owner of the project.



Subsequently, the Company
has completed a further review of the capital and operating cost estimates included in the Box-Goldfields Technical Report, adjusting
for increased industry costs, potential changes in scope, and changes to the currency exchange rates, which while not conclusive,
indicate that costs may exceed the estimates provided in the reports and accordingly could impact the value of the project.



In the fourth quarter
of 2010, the Company retained March Consulting Associates Inc. and Tetra Tech to complete additional engineering and design work
and an updated resource model. The work was completed in the fourth quarter of 2011 and compiled in the technical report entitled
"Brigus Gold Corp. Goldfields Project National Instrument 43-101 Technical Report Pre-feasibility Study" (2011 Goldfields
Technical Report) dated October 6, 2011.



2011 Goldfields Technical Report Highlights



| | · | Mine life of 13 years (including both Box and Athona deposits) based on existing reserves of 1,020,000
ounces of gold at an average gold grade of 1.97 grams per tonne (gpt) over the first 7 years and 1.42 gpt over the life of the
mine.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Processing rate of 1,825,000 tonnes per year (5,000 tonnes per day (tpd)) and a recovery rate of
91% for the Box deposit and 89% for the Athona deposit.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Average cash operating costs of $601 per ounce with a break-even gold price of approximately $1,000
per ounce.
| | - | --------------------------------------------------------------------------------------------------------------

| | · | Capital costs of approximately $160 million (leased mining fleet not included).
| | - | -------------------------------------------------------------------------------

| | · | NPV of $144.3 million at a 5% discount rate with an IRR of 19.6% and a payback period of five years
assuming a gold price of $1,250 per ounce.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------

| | · | At $1,500 per ounce of gold, the NPV for the project increases to $300 million with an IRR of 32%.
| | - | --------------------------------------------------------------------------------------------------

| | · | Average annual production of approximately 100,000 ounces per year during the first seven years.
| | - | ------------------------------------------------------------------------------------------------

| | · | The Environmental Impact Statement (EIS) has been submitted and approved. Therefore no permitting
delays are anticipated.
| | - | -------------------------------------------------------------------------------------------------------------------------



Page 29Brigus Annual Information Form 2012







Goldfields – Mineral Reserves and Resources



The Goldfields Project's
estimated gold mineral reserves and resources from the Box-Goldfields Technical Report and Athona-Goldfields Technical Report are
summarized in the table below.



|2011 Goldfields Technical Report Estimated Gold Mineral Reserves and Resources |  | Ore (t) |            |  | Grade (gpt) |  |       | Gold (oz) | 
|------------------------------------------------------------------------------ |  | ------- | ---------- |  | ----------- |  | ----- | --------- | 
|Box Mine Proven
    + Probable                                                 |  |         | 16,502,247 |  |             |  | 1.508 |           | 
|Athona Deposit Proven
    + Probable                                           |  |         | 5,830,798  |  |             |  | 1.172 |           | 
|Total                                                                          |  |         | 22,333,045 |  |             |  | 1.420 |           | 



The average gold grade for Proven and Probable Reserves
is adjusted for dilution while Measured and Indicated Resources is not. Contained metal in estimated reserves remains subject to
metallurgical recovery losses. Goldfields reserves and resources are based on CAD$1,250/oz Au and 2% NSR. Goldfields' Box deposit's
resources reflect a gold cut off grade (COG) of 0.50 gpt and reserves reflect a COG of 0.72 gpt with a marginal COG of 0.33 gpt.
Goldfields' Athona deposit's resources reflect a COG of 0.50 gpt and reserves reflect a COG of 0.72 gpt with a marginal COG of
0.33 gpt. The NI 43-101 Technical Reports for the Box and Athona deposits, which comprise the Goldfields Project, were prepared
by March Consulting Associates Inc., October 2011.



The Goldfields Project
includes 22,333,045 tonnes of ore at an average gold grade of 1.420 gpt for a total of 1,020,000 ounces of gold. Total waste rock
moved from the project is 81,651,910 tonnes over the 13 year life of mine (LOM) resulting in a strip ratio of 4.56 at Box and 1.10
at Athona.



Goldfields – Geology



The Goldfields property
lies within the Western Craton Tectonic Zone of the Churchill Structural Province. The Western Craton mainly consists of Archean
basement, Lower Proterozoic granite plutons and migmatites, and remnants of both Archean and Early Proterozoic supracrustal belts.
The project area falls within the Nevins Lake Block, a geological terrane represented mostly by supracrustal rocks that host a
number of discrete granite plutons. The Box deposit is hosted by a granitic sill-like body, the Box Mine Granite (BMG) contained
within a series of meta-sedimentary lithologies. These rocks have undergone two metamorphic and deformational events. In the first,
metamorphism reached amphibolite facies and deformation produced a dominant regional fabric, sub-parallel to original bedding.
Partial melting occurred in certain units, producing migmatites with associated growth of feldspar-quartz porphyroblasts. Later,
regressive, greenschist facies metamorphism corresponded with deformation of the earlier foliation. The deposit lies on the north
western limb of a major syncline (the Goldfields syncline) which, together with associated minor folds, was produced during this
later deformational event. The area that immediately surrounds the Box deposit, referred to as the Greater Beaverlodge area, hosts
a wide variety of mineralization that supported one former gold mine, 14 former uranium mines, and contains a large number of gold,
platinum group, and uranium deposits and occurrences. Most of the gold occurrences in this region are located within the Nevins
Lake Block granites; the most favourable intrusives appear to be smaller, highly fractured, sill-like bodies.



Box Deposit



The Box deposit is
a complex of auriferous quartz vein sets infilling fractures caused by several shearing and faulting events.  The host rock
is composed of a suite of metasedimentary lithological units, which has been subjected to various alteration processes common to
hydrothermal fluid migration.



Page 30Brigus Annual Information Form 2012







The Box ore body is
contained in a predominantly red granitic sill-like body 760 m long and averaging 55 m wide. This body and enclosing rocks strike
northeast and dip 42° to the southeast and is located on the northwestern limb of the Goldfields syncline.



The ore minerals occur
in the vein quartz and, to a much lesser extent, in the granite. Native gold is comparatively rare. It is not uniformly distributed
through the granitic body but forms higher grade ore along the hanging wall. Gold occasionally occurs along chlorite-lined fractures
in the granite and is locally conspicuous along similar fractures in the albitite pipe. Sulphide minerals form approximately 3
percent of the ore. Pyrite is the most predominant sulphide.



Athona Deposit



The gold bearing zones
at the Athona mine are from west to east: the eastern portion of the West Mine Granite, the Athona Mine Granite, the Pond Zone
and in a prominent en echelon and bouginage quartz vein system of the East Zone.  The historical underground mine development
was concentrated in the western portion of the Athona Mine Granite and the eastern quartz vein systems (H, I, J, K veins) on the
125 and 250 foot levels.  The Athona West Granite (AWG) is a medium to coarse grained, reddish hematitic altered granite,
dipping moderately westwards, containing fracture filling quartz veining within the footwall sheared contact or mylonite zone. 
The unit is underlain by the central gabbroic to amphibolitic intrusive which separates the AWG from the Athona Mine Granite (AMG).
The AMG is porphyroblastic with similar amounts of potassium feldspars and plagioclase.  This unit may represent a complex
multi-intrusive with variable composition or a metamorphosed sequence of sedimentary lithologies. The auriferous sulphides
are contained within the AMG and in the fracture/shear zone filled with quartz veins trending N020oE and dipping 80o
west.  The sulphides are less than 1% fine grained pyrite, trace amounts of galena and sphalerite with minor amounts of pyrrhotite.
This zone appears to be shallow dipping to the west and is underlain by a thin gabbroic sill, which separates a deeper, coarse-grained
granite locally termed "Tombstone granite".  The Pond Zone appears very similar to that of the Athona Mine
Granite. The major quartz vein systems containing the H, I, J and K veins are located at or near the eastern extent of the AMG. 
The veining has been traced from surface to below the second level and for a strike length of approximately 100 m.  The vein
set is a combination of en echelon and boudinage veins trending approximately N[010]oE and dipping 72o
east.  Further to the southeast, a parallel to sub-parallel vein sets, L and M veins, appear to be contained within a north-northeast
shear/fault zone.



Goldfields – Exploration



The Box and Athona
Deposits are both large multi-million tonne open pit type of deposits, located on the western flank and near the nose of the Goldfields
syncline. Both deposits have potential for increased open pit gold resources and there is good potential for higher grade gold
mineralization, which may be suitable for underground mining methods, below the proposed open pit designs.



The principle objective
of the Box mine drilling program in 2010 was to test the continuity and gold mineralization of the Box ore zone below the bottom
level of the proposed design of the open pit. Drill holes, B10-303, 304, 305, 306 and 307 (five holes totaling 1,300 m drilled),
were targeted to intersect the down dip extension of the Box Deposit ore zone at approximately 50 to 60 m down dip from the bottom
level of the proposed open pit. Historical high-interest gold results were returned from limited drilling, as reported by GLR Resources
Inc. ("GLR") during 2007, which include:



| | · | Hole B07-292, which returned 2.13 gpt over an estimated true width of 47.81 m, including 8.37 gpt
over 8.60 m (zone intersected about 130 m down dip from the bottom level of the proposed open pit); and
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Page 31Brigus Annual Information Form 2012







| | · | Hole B07-294, which returned 6.32 gpt over an estimated true width of 16.72 m, including 11.47
gpt over 8.80 m (zone intersected about 130 m down dip from the bottom level of the proposed open pit); and
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Hole B07-296, which returned 2.54 gpt over an estimated true width of 23.76 m, including 5.57 gpt
over 7.90 m (zone intersected about 60 m down dip from the bottom level of the proposed open pit).
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



The 2010 Box holes
drilled to test for gold mineralization below the limits of the proposed open pit returned significant gold values over wide widths
from sampling of the Box Mine Granite (BMG) and the hanging wall gneiss returned significant gold values. These are summarized
below:



| | · | Hole B10-303, which returned 2.28 gpt over an estimated true width of 29.1 m, including 3.87 gpt
over 14.1 m; and
| | - | -----------------------------------------------------------------------------------------------------------------

| | · | Hole B10-304, which returned 2.52 gpt over an estimated true width of 41.7 m, including 6.84 gpt
over 13.9 m; and
| | - | -----------------------------------------------------------------------------------------------------------------

| | · | Hole B10-305, 1.68 gpt over an estimated true width of 6.0 m, and 0.51 gpt over 6.0 m; and
| | - | ------------------------------------------------------------------------------------------

| | · | Hole B10-306, 1.16 gpt over an estimated true width of 45.1 m, including 2.61 gpt over 16.0 m;
and
| | - | --------------------------------------------------------------------------------------------------

| | · | Hole B10-307, 0.72 gpt over a width of 21.0 m, including 2.62 gpt over 4.0 m.
| | - | -----------------------------------------------------------------------------



The five hole drilling
program at Box was successful in upgrading the possibility of significantly adding ounces to the resource base which with further
confirmation drilling may be brought into the mine plan by deepening the current proposed depth of the open pit.



A 56 line-km Induced
Polarization (IP) and Resistivity (DCIP) survey using the advanced Quantec Geoscience Titan 24 geophysical system was completed
on February 19, 2010. The Titan 24 geophysical system acquires high-resolution results to depths of approximately 700 m. Brigus'
program was designed to identify new gold mineralized systems near the Box and Athona gold deposits. The survey covered an area
of 13 square km and final data processing and modeling results were delivered in March, 2010. The results identified a number of
target anomalies including the Box deposit showing chargeability and/or resistivity anomalies.



In 2010 a total of
11 drill holes, for a total of 2,371 m drilled, tested IP geophysical targets and geological structures. Results from the drill
holes are:



| | · | Hole F10-001, which returned 0.47 gpt over a width of 4.0 m, including 1.22 gpt over 1.0 m; and
| | - | -----------------------------------------------------------------------------------------------

| | · | Hole A10-212, which returned 0.43 gpt over a width of 25.4 m, including 0.73 gpt over 9.4 m; and
| | - | ------------------------------------------------------------------------------------------------

| | · | Hole B10-314 which returned 0.55 gpt over a width of 12.0 m; and
| | - | ----------------------------------------------------------------

| | · | No interesting gold results were returned from IP target drill holes A10-213, FR10-002 and B10-308
to B10-313.
| | - | --------------------------------------------------------------------------------------------------------------



In 2011 a total of
23 drill holes, for a total of 4,441 m drilled, was completed. The drilling was designed to test the continuity of the Box Mine
Deposit (BMG) below the proposed pit as well as to recover core within the proposed BMG pit for further metallurgical testing.
Four of the holes were drilled for geotechnical pit wall studies at Box and four of the holes were drilled into the Athona deposit
for further metallurgical testing. Gold assay highlights include:



Page 32Brigus Annual Information Form 2012







| | · | Hole F1-315, which returned 2.29 gpt over a width of 29.0 m below the proposed pit; and
| | - | ---------------------------------------------------------------------------------------

| | · | Hole B11-316, which returned 1.24 gpt over a width of 82.3 m, including 3.33 gpt over 24.0 m below
the proposed pit; and
| | - | ------------------------------------------------------------------------------------------------------------------------

| | · | Hole B11-321 which returned 1.07 gpt over a width of 40.5 m within the proposed pit; and
| | - | ----------------------------------------------------------------------------------------

| | · | Hole B11-322 which returned 5.81 gpt over a width of 37.8 m within the proposed pit; and
| | - | ----------------------------------------------------------------------------------------

| | · | Hole B11-324 which returned 2.41 gpt over a width of 46.6 m within the proposed pit.
| | - | ------------------------------------------------------------------------------------



Map of Drill Targets from Known Gold
Occurrences at the Goldfields Project







In addition to the
known Box and Athona deposits, there are several attractive targets for follow up. The Frontier Adit gold occurrence, located about
one km north of the Box deposit, is a narrow vein, higher grade style of gold mineralization. The Golden Pond gold occurrence,
located three km to the northeast of the Box deposit, includes 1988 and 1995 drill hole results reported by the previous owner
of up to 5.07 gpt over 15.0 m and 16.5 gpt over 13.6 m.



These and other gold
occurrences line up in distinct northerly and north-easterly trends related to and controlled by complex structural events. All
gold deposits and occurrences discovered to date are outcrops and were discovered through historical, rudimentary surface prospecting.
There is potential for continued discovery of new mineralized systems near the Box and Athona Gold Deposits and within the greater
Goldfields Project area.



Senior Exploration
Project Manager John A. Dixon, P. Geo., reviewed the above technical exploration information as the Qualified Person for the Company.



Page 33Brigus Annual Information Form 2012







Goldfields – Environmental and Regulatory Considerations



The Company has an
approved Environmental Impact Statement and has been working closely with regulatory agencies. Should the Company make a positive
development decision on the Goldfields Project the Company will need to acquire a number of construction and road building permits
to proceed.



The Goldfields Project
is under the jurisdiction of both Canadian federal and provincial regulatory agencies. The Environmental Assessment Branch of the
Saskatchewan Environment & Resource Management (SERM) ministry is empowered to regulate the operation of this project under
the terms of "The Environmental Assessment Act". Additionally, the Department of Fisheries and Oceans (DFO), under the
terms of the Aquatic Habitat Protection Permit, maintains jurisdiction as a regulatory agency.



The Company anticipates
that water quality parameters, as defined by the "Metal Mining Effluent Regulations" (MMER), of the Federal Fisheries
Act, will define the discharge parameters for effluents generated by the future operations.



In order to simplify
and facilitate the environmental review process, under the terms of Canada- Saskatchewan Agreement on Environmental Assessment
Cooperation, the Ministry of Environment (Saskatchewan) is designated as the Coordinating Regulatory Agency. In its role as coordinator,
the Ministry of Environment (Saskatchewan) assesses the applicant's potential impacts on the environment and subsequently solicits
the participation of the appropriate regulatory agencies in the review process.



| | 3. | Other Projects and Royalty Interests
| | -- | ------------------------------------



Ixhuatán Project, Mexico



In 2011, Brigus signed
an option agreement with Cangold, whereby Cangold was to acquire a 75% interest in the Ixhuatán gold project in Chiapas,
Mexico. Pursuant to the terms of the transaction, Cangold paid Brigus Cdn$1.0 million and issued 6.0 million Cangold shares to
acquire the option.



On September 10, 2012,
Cangold provided notice to the Company that they were terminating the option agreement. Cangold is no longer obligated to make
any further payments to Brigus. The Company will retain the $1.0 million deposit and 6.0 million shares received in Q4 2011 when
the option was signed. The Company is currently evaluating its options in regards to this property.



Dominican Republic Projects



On May 25, 2011, the
Company announced that it had signed a letter of intent with Everton whereby Everton can acquire the Company's remaining interest
in the Ampliación Pueblo Viejo, Ponton and La Cueva concessions in the Dominican Republic. On October 23, 2012, Brigus and
Everton signed a revised the option agreement. The revised agreement requires Everton to issue 15.0 million treasury common shares
to Brigus to acquire the option. Everton can acquire Brigus' remaining interest in the Concessions by paying Brigus Cdn$0.5 million
in two installments and an additional Cdn$0.5 million in cash or common shares with a value of $0.5 million. Brigus will also receive
a sliding Net Smelter Return royalty on the Concessions equal to 1.0% when the price of gold is less than US$1,000 per ounce, 1.5%
when the price of gold is between US$1,000 and US$1,400 per ounce and 2% when the price of gold is above US$1,400 per ounce. Everton
will also issue Brigus a promissory note equal to the greater of Cdn$5.0 million or 5.0 million common shares of Everton. The promissory
note will be subject to the completion of a NI 43-101 compliant measured and indicated resource estimate on the Concessions of
a minimum of one million ounces of gold equivalent (at an average grade of 2.5 gpt or higher for Ampliación Pueblo Viejo
and 1.5 gpt or higher for Ponton and La Cueva) or actual gold production from the Concessions plus a NI 43-101 compliant measured
and indicated resource estimate on the Concessions (at an average grade of 2.5 gpt gold equivalent for APV and 1.5 gpt gold equivalent
or higher for Ponton and La Cueva) exceeding one million ounces of gold equivalent.



Page 34Brigus Annual Information Form 2012







As of December 31,
2012, the shares were issued into escrow but the transaction has not been completed pending the completion of the concession renewals
for the Ponton and La Cueva concessions.



Huizopa Project, Mexico



On December 23, 2010,
the Company entered into an agreement to sell 100% of Minera Sol de Oro and Minas de Argonautas (collectively, “MSO”),
which include the Huizopa Project to Cormack Capital Group LLC (“Cormack”). The agreement provided Cormack with an
option until December 31, 2011 to return the Huizopa Project to the Company and retain a 20% carried interest in the property.
Under the Agreement, Brigus retained certain rights over the voting shares of Minera Sol de Oro and Minas de Argonauts until the
end of the marketing period, which was identified as December 31, 2011. The Company recognized a $2.4 million impairment of the
property in 2010.



In December 2011, the
Company revised the terms of the agreement with Cormack. Based on the revised terms, Cormack is required to pay $3.0 million, payable
in eight escalating annual installments of $0.05 million, $0.08 million, $0.1 million, $0.3 million, $0.4 million, $0.6 million,
$0.7 million and $0.8 million ("the Annual Payments") commencing in June 2012 with the final installment due in June
2019. Brigus retained the 2% Net Smelter Royalty ("NSR") over future production from the Huizopa Project which Cormack
can reduce to 1% by making a US$1.0 million payment to the Company. Cormack may also elect to pay up to 50% of the purchase price
through the issuance of common shares in a publicly traded company listed on a recognized U.S. or Canadian national stock exchange.
In addition, Brigus is entitled to receive a production bonus payment of $4.0 million within one year of the commencement of commercial
production at the Huizopa Project. The revised terms extended the marketing period to June 15, 2013.



Until June 15, 2013,
should Cormack fail to pay Brigus any outstanding interest accrued and payable, in accordance with the provisions of the agreement,
and if the aggregate of the amount of interest owed plus the Annual Payments not timely paid is greater than $128,000, such failure
shall constitute a material default . In the event of such default, Brigus may elect to serve Cormack written notification of its
intent to terminate the agreement. Upon such notice served to Cormack by Brigus, any failure by Cormack to remedy and pay all unpaid
amounts within a 30-day grace period after June 15, 2013 shall constitute final default of this Agreement by Cormack. Upon final
default Brigus may elect by providing written notice to Cormack to (a) terminate this Agreement, and (b) if it so desires, to re-acquire
MSO or its successor. In the event Brigus provides notice that it desires to re-acquire MSO or its successor, Cormack shall cooperate
with Brigus in allowing Brigus to conduct its own due diligence concerning MSO and the Huizopa Project during a 60-day period commencing
on the date Cormack receives notice of Brigus' election. Upon completion of such due diligence, Brigus shall provide Cormack with
final notice of whether it desires to re-acquire MSO or its successor. Whether or not Brigus elects to re-acquire MSO or its successor,
at the end of the due diligence period, this agreement shall terminate.



As of December 31,
2012, the first annual payment had not been remitted by Cormack. The accrued and outstanding interest payments on this amount have
been paid. The Company recognized a $0.3 million impairment of the property in 2012.



Page 35Brigus Annual Information Form 2012







Competitive Conditions



The Company competes
with many companies possessing greater financial resources and technical facilities for the acquisition of mineral concessions,
claims, leases and other mineral interests as well as for the recruitment and retention of qualified employees. For the Company
and at the Black Fox mine, competition for qualified employees has increased. While the Company has been able to hire experienced
workers during its ramp up of underground mining, there is a tight labour market in the Timmins Mining District and surrounding
areas, as many operators are expanding or bringing new projects online. The ability of the Company to attract new employees and
retain existing employees will remain a challenge and this could result in higher employee turnover and higher labour costs. (See
"Risk Factors" below).



Employees



The Company had 400
employees as at December 31, 2012. Its entire workforce is non-union.



DESCRIPTION
OF CAPITAL STRUCTURE



The Company is authorized
to issue an unlimited number of Common Shares. As at December 31, 2012, there were 231,359,942 Common Shares issued and outstanding.
As of March 28, 2013, 231,459,942 Common Shares were issued and outstanding and 286,514,951 on a fully diluted basis.



The holders of the
Common Shares are entitled to receive notice of and to attend and vote at all meetings of the shareholders of the Company and each
Common Share confers the right to one vote in person or by proxy at all meetings of the shareholders of the Corporation. The holders
of the Common Shares, subject to the prior rights, if any, of any other class of shares of the Company, are entitled to receive
such dividends in any financial year as the Corporation's board of directors (the "Board") may by resolution determine.
In the event of the liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, the holders of the
Common Shares are entitled to receive, subject to the prior rights, if any, of the holders of any other class of shares of the
Company, the remaining property and assets of the Company.



At December 31, 2012,
there were 16,945,275 stock options outstanding at a weighted average exercise price of Cdn$1.32 pursuant to the Stock Option Plan,
each of which is exercisable into one Common Share. As at March 28, 2013 there were 18,760,529 stock options outstanding.



At December 31, 2012,
there were 22,595,345 Common Share purchase warrants outstanding that were exercisable for one Common Share at an exercise price
of Cdn$1.84. As at March 28, 2013, there are 15,886,317 Common Share purchase warrants outstanding that were exercisable for one
Common Share at an exercise price of Cdn$2.19.



The Company's principal
amount $50.0 million Convertible Debentures are convertible into Common Shares at $2.45 per share until maturity on March 31, 2016,
which could result in 20,408,163 Common Shares being issued if all of the Convertible Debentures were converted to Common Shares
prior to maturity.



On October 30, 2012,
the Company completed a Cdn$30.0 million bought deal debt financing. Interest is based on average gold price and principle payments
of Cdn$2.0 million will be paid quarterly commencing on June 30, 2013.



Page 36Brigus Annual Information Form 2012







Dividends



No dividends have been
paid by the Corporation since incorporation. The future payment of dividends will be dependent upon the financial requirements
to fund future growth, the financial condition of the Corporation and other factors the Board may consider appropriate in the circumstances.



Shareholder Rights Plan



The Corporation adopted
a shareholder rights plan on January 18, 2012 (the "Shareholder Rights Plan"), which was later ratified and confirmed
by the Corporation's shareholders at the annual and special meeting of shareholders held on May 23, 2012. The Shareholder Rights
Plan is intended to provide for the fair treatment of shareholders in connection with any take-over bid for the Corporation and
is designed to provide the Board and the shareholders with more time to fully consider any unsolicited take-over bid for the Corporation
without undue pressure. Furthermore, the Shareholder Rights Plan will allow the Board to pursue, if appropriate, other alternatives
to maximize shareholder value and to allow additional time for competing bids to emerge. The following is a brief summary of the
Shareholder Rights Plan which is qualified in its entirety by reference to the text of the Shareholder Rights Plan Agreement, which
is available for review under the Corporation’s profile at www.sedar.com where it was filed on January 17, 2012.



Purpose of the Plan



The objectives of the
Shareholder Rights Plan are to ensure, to the extent possible, that all shareholders are treated equally and fairly in connection
with any take-over bid for the Corporation. Take-over bids may be structured to be coercive or may be initiated at a time when
the Board will have a difficult time preparing an adequate response to the offer. Accordingly, such offers do not always result
in shareholders receiving equal or fair treatment or full or maximum value for their investment. Under current Canadian securities
legislation, a take-over bid is required to remain open for 35 days, a period of time which may be insufficient for the directors
to: (i) evaluate a take-over bid (particularly if it includes share or trust unit consideration); (ii) explore, develop and pursue
alternatives which are superior to the take-over bid and which could maximize shareholder value; and (iii) make reasoned recommendations
to the shareholders.



The Shareholder Rights
Plan discourages discriminatory, coercive or unfair take-overs of the Corporation and gives the Board time if, under the circumstances,
the Board determines it is appropriate to take such time, to pursue alternatives to maximize shareholder value in the event an
unsolicited take-over bid is made for all or a portion of the outstanding Common Shares. As set forth in detail below, the Shareholder
Rights Plan discourages coercive hostile takeover bids by creating the potential that any Common Shares which may be acquired or
held by such a bidder will be significantly diluted. The potential for significant dilution to the holdings of such a bidder can
occur as the Shareholder Rights Plan provides that all holders of Common Shares who are not related to the bidder will be entitled
to exercise rights issued to them under the Shareholder Rights Plan and to acquire Common Shares at a substantial discount to prevailing
market prices. The bidder or the persons related to the bidder will not be entitled to exercise any Rights (defined below) under
the Shareholder Rights Plan. Accordingly, the Shareholder Rights Plan will encourage potential bidders to make take-over bids by
means of a Permitted Bid (as defined below) or to approach the Board to negotiate a mutually acceptable transaction. The Permitted
Bid provisions of the Shareholder Rights Plan are designed to ensure that in any take-over bid for outstanding Common Shares of
the shareholders, all shareholders are treated equally and are given adequate time to properly assess such take-over bid on a fully
informed basis.



Page 37Brigus Annual Information Form 2012







The Shareholder Rights
Plan is not being proposed to prevent a take-over of the Corporation, to secure the continuance of management or the directors
of the Corporation in their respective offices or to deter fair offers for the Common Shares.



Term



The Shareholder Rights
Plan (unless terminated earlier) will remain in effect until the close of business on the day immediately following the date of
the Corporation's annual meeting of shareholders in 2015 unless the term of the Shareholder Rights Plan is extended beyond such
date by resolution of shareholders at such meeting.



Issuance of Rights



The Rights Plan provides
that one right (a "Right") will be issued by the Corporation pursuant to the Shareholder Rights Plan in respect of each
Voting Share outstanding as of the close of business (Toronto time) (the "Record Time") on the Effective Date. "Voting
Shares" include the Common Shares and any other shares of the Corporation entitled to vote generally in the election of all
directors. One Right will also be issued for each additional Voting Share issued after the Record Time and prior to the earlier
of the Separation Time and the Expiration Time, subject to the earlier termination or expiration of the Rights as set out in the
Shareholder Rights Plan. As of the Effective Date, the only Voting Shares outstanding will be the Common Shares. The issuance of
the Rights is not dilutive and will not affect reported earnings or cash flow per share until the Rights separate from the underlying
Common Shares and become exercisable or until the exercise of the Rights. The issuance of the Rights will not change the manner
in which shareholders trade their Common Shares.



Certificates and Transferability



Prior to the Separation
Time, the Rights will be evidenced by a legend imprinted on certificates for Common Shares issued after the Record Time. Rights
are also attached to Common Shares outstanding on the Effective Date, although share certificates issued prior to the Effective
Date will not bear such a legend. Shareholders are not required to return their certificates in order to have the benefit of the
Rights. Prior to the Separation Time, Rights will trade together with the Common Shares and will not be exercisable or transferable
separately from the Common Shares. From and after the Separation Time, the Rights will become exercisable, will be evidenced by
Rights Certificates and will be transferable separately from the Common Shares.



Separation of Rights



The Rights will become
exercisable and begin to trade separately from the associated Common Shares at the "Separation Time" which is generally
(subject to the ability of the Board to defer the Separation Time) the close of business on the tenth trading day after the earliest
to occur of:



| | 1. | the first date of public announcement that a person or group of affiliated or associated persons
or persons acting jointly or in concert has become an "Acquiring Person", meaning that such person or group has acquired
Beneficial Ownership (as defined in the Rights Plan) of 20% or more of the outstanding Voting Shares other than as a result of:
(i) a reduction in the number of Voting Shares outstanding; (ii) a "Permitted Bid" or "Competing Permitted
Bid" (as defined below); (iii) acquisitions of Voting Shares in respect of which the Board has waived the application
of the Shareholder Rights Plan; or (iv) other specified exempt acquisitions and pro rata acquisitions in which shareholders participate
on a pro rata basis;
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Page 38Brigus Annual Information Form 2012







| | 2. | the date of commencement of, or the first public announcement of an intention of any person (other
than the Corporation or any of its subsidiaries) to commence a take-over bid (other than a Permitted Bid or a Competing Permitted
Bid) where the Voting Shares subject to the bid owned by that person (including affiliates, associates and others acting jointly
or in concert therewith) would constitute 20% or more of the outstanding Voting Shares; and
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3. | the date upon which a Permitted Bid or Competing Permitted
Bid ceases to qualify as such.
| | -- | -----------------------------------------------------------------------------------------



Promptly following
the Separation Time, separate certificates evidencing rights ("Rights Certificates") will be mailed to the holders of
record of the Voting Shares as of the Separation Time and the Rights Certificates alone will evidence the Rights.



Rights Exercise Privilege



After the Separation
Time, each Right entitles the holder thereof to purchase one Common Share at an initial "Exercise Price" equal to three
times the "Market Price" at the Separation Time. The Market Price is defined as the average of the daily closing prices
per share of such securities on each of the 20 consecutive trading days through and including the trading day immediately preceding
the Separation Time. Following a transaction which results in a person become an Acquiring Person (a "Flip-In Event"),
the Rights entitle the holder thereof to receive, upon exercise, such number of Common Shares which have an aggregate Market Price
(as of the date of the Flip-In Event) equal to twice the then Exercise Price of the Rights for an amount in cash equal to the Exercise
Price. In such event, however, any Rights beneficially owned by an Acquiring Person (including affiliates, associates and other
acting jointly or in concert therewith), or a transferee of any such person, will be null and void. A Flip-In Event does not include
acquisitions approved by the Board or acquisitions pursuant to a Permitted Bid or Competing Permitted Bid.



Permitted Bid Requirements



A bidder can make a
take-over bid and acquire Voting Shares without triggering a Flip-In Event under the Rights Plan if the take-over bid qualifies
as a Permitted Bid.



The requirements of
a "Permitted Bid" include the following:



| | · | the take-over bid must be made by means of a take-over bid circular;
| | - | --------------------------------------------------------------------

| | · | the take-over bid is made to all holders of Voting Shares on the books of the Corporation, other
than the offeror;
| | - | ------------------------------------------------------------------------------------------------------------------

| | · | no Voting Shares are taken up or paid for pursuant to the take-over bid unless more than 50% of
the Voting Shares held by Independent Shareholders: (i) shall have been deposited or tendered pursuant to the takeover bid and
not withdrawn; and (ii) have previously been or are taken up at the same time;
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | no Voting Shares are taken up or paid for pursuant to the take-over bid prior to the close of business
on the date that is no earlier than the later of: (i) 35 days after the date of the take-over bid (the minimum period required
under securities law); and (ii) 60 days following the date of the take-over bid;
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Voting Shares may be deposited pursuant to such take-over bid at any time during the period of
time between the date of the take-over bid and the date on which Voting Shares may be taken up and paid for and any Voting Shares
deposited pursuant to the take-over bid may be withdrawn until taken up and paid for; and
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Page 39Brigus Annual Information Form 2012







| | · | if on the date on which Voting Shares may be taken up and paid for under the take-over bid, more
than 50% of the Voting Shares held by Independent Shareholders have been deposited or tendered pursuant to the take-over bid and
not withdrawn, the offeror makes a public announcement of that fact and the takeover bid is extended to remain open for deposits
and tenders of Voting Shares for not less than 10 business days from the date of such public announcement.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



The Rights Plan also
allows for a competing Permitted Bid (a "Competing Permitted Bid") to be made while a Permitted Bid is in existence.
A Competing Permitted Bid must satisfy all of the requirements of a Permitted Bid except that it may expire on the same date as
the Permitted Bid, subject to the requirement that it be outstanding for a minimum period of 35 days (the minimum period required
under Canadian securities laws).



Permitted Lock-Up Agreements



A person will not become
an Acquiring Person by virtue of having entered into an agreement (a "Permitted Lock-Up Agreement") with a shareholder
whereby the shareholder agrees to deposit or tender Voting Shares to a take-over bid (the "Lock-Up Bid") made
by such person, provided that the agreement meets certain requirements including:



| | 1. | the terms of the agreement are publicly disclosed and a copy of the agreement is publicly available
not later than the date of the Lock-Up Bid or, if the Lock-Up Bid has not been made prior to the date on which such agreement is
entered into, not later than the date of such agreement;
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 2. | the shareholder who has agreed to tender Voting Shares to the Lock-Up Bid made by the other party
to the agreement is permitted to terminate its obligation under the agreement, and to terminate any obligation with respect to
the voting of such Voting Shares, in order to tender Voting Shares to another take-over bid or transaction where: (i) the offer
price or value of the consideration payable under the other take-over bid or transaction is greater than the price or value of
the consideration per unit at which the shareholder has agreed to deposit or tender Voting Shares to the Lock-Up Bid, or is greater
than a specified minimum which is not more than 7% higher than the price or value of the consideration per unit at which the shareholder
has agreed to deposit or tender Voting Shares under the Lock-Up Bid; and (ii) if the number of Voting Shares offered to be purchased
under the Lock-Up Bid is less than all of the Voting Shares held by shareholders (excluding Voting Shares held by the offeror),
the other take-over bid or transaction would, if successful, result in all of the shareholder's Voting Shares being purchased under
the other take-over bid or transaction;
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3. | no break-up fees, top-up fees, or other penalties that exceed in the aggregate the greater of 2.5%
of the price or value of the consideration payable under the Lock-Up Bid and 50% of the increase in consideration resulting from
another take-over bid or transaction shall be payable by the shareholder if the shareholder fails to deposit or tender Voting Shares
to the Lock-Up Bid; and
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4. | any right to match or period of delay to give the person who made the Lock-up Bid an opportunity
to match a higher price contained in another take-over bid or transaction, or other similar limitation on a shareholder's right
to withdraw Voting Shares from the agreement, must not preclude the shareholder from withdrawing Voting Shares from the Lock-up
Bid in order to tender Voting Shares to another take-over bid or to support another transaction that in either case will provide
greater value to the shareholder than the Lock-up Bid or which would result in all of the shareholder's Voting Shares being purchased.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Page 40Brigus Annual Information Form 2012







Waiver and Redemption



If a potential offeror
does not desire to make a Permitted Bid, it can negotiate with, and obtain the prior approval of, the Board to make a take-over
bid by way of a take-over bid circular sent to all holders of Voting Shares on terms which the Board considers fair to all shareholders.
In such circumstances, the Board may waive the application of the Rights Plan thereby allowing such bid to proceed without dilution
to the offeror. Any waiver of the application of the Rights Plan in respect of a particular take-over bid shall also constitute
a waiver of any other take-over bid which is made by means of a take-over bid circular to all holders of Voting Shares while the
initial take-over bid is outstanding. The Board may also waive the application of the Rights Plan in respect of a particular Flip-in
Event that has occurred through inadvertence. With the prior consent of the holders of Voting Shares, the Board may, prior to the
occurrence of a Flip-in Event that would occur by reason of an acquisition of Voting Shares otherwise than pursuant to the foregoing,
waive the application of the Rights Plan to such Flip-in Event.



The Board may, with
the prior consent of the holders of Voting Shares, at any time prior to the occurrence of a Flip-in Event, elect to redeem all
but not less than all of the then outstanding Rights at a redemption price of $0.0001 per Right. Rights are deemed to be redeemed
following completion of a Permitted Bid, a Competing Permitted Bid or a take-over bid in respect of which the Board has waived
the application of the Rights Plan.



Protection Against Dilution



The Exercise Price,
the number and nature of securities which may be purchased upon the exercise of Rights and the number of Rights outstanding are
subject to adjustment from time to time to prevent dilution in the event of dividends, subdivisions, consolidations, reclassifications
or other changes in the outstanding Common Shares, pro rata distributions to holders of Common Shares and other circumstances where
adjustments are requirement to appropriately protect the interests of the holders of Rights.



Exemptions for Investment Managers



Investment managers
(for client accounts), trust companies (acting in their capacity as trustees or administrators), statutory bodies whose business
includes the management of funds (for employee benefit plans, pension plans, or insurance plans of various public bodies) and administrators
or trustees of registered pension plans or funds acquiring greater than 20% of the Voting Shares are exempted from triggering a
Flip-in Event, provided they are not making, either alone or jointly or in concert with any other person, a take-over bid.



Duties of the Board



The adoption of the
Shareholder Rights Plan will not in any way lessen or affect the duty of the Board to act honestly and in good faith with a view
to the best interests of the Corporation. The Board, when a take-over bid or similar offer is made, will continue to have the duty
and power to take such actions and make such recommendations to shareholders as are considered appropriate.



Amendment



The Corporation may make amendments to
the Shareholder Rights Plan at any time to correct any clerical or typographical error and may make amendments which are required
to maintain the validity of the Shareholder Rights Plan due to changes in any applicable legislation, regulations or rules. The
Corporation may, with the prior approval of shareholders (or the holders of Rights if the Separation Time has occurred), supplement,
amend, vary, rescind or delete any of the provisions of the Shareholder Rights Plan.



Page 41Brigus Annual Information Form 2012







MARKET
FOR SECURITIES



The Corporation's common
shares are listed and posted for trading on the TSX under the trading symbol "BRD". The following tables set forth
the reported high, low and closing sale prices and the aggregate volume of trading of the Corporation's common shares on the TSX
during the year ending December 31, 2012.



|Period    |  | High ($) |      |  | Low ($) |  |      | Close ($) |  |  | Volume (#) | 
|--------- |  | -------- | ---- |  | ------- |  | ---- | --------- |  |  | ---------- | 
|January   |  |          | 1.34 |  |         |  | 0.96 |           |  |  | 1.17       | 
|February  |  |          | 1.20 |  |         |  | 1.14 |           |  |  | 0.93       | 
|March     |  |          | 0.95 |  |         |  | 0.72 |           |  |  | 0.76       | 
|April     |  |          | 0.86 |  |         |  | 0.69 |           |  |  | 0.82       | 
|May       |  |          | 0.89 |  |         |  | 0.71 |           |  |  | 0.85       | 
|June      |  |          | 0.99 |  |         |  | 0.81 |           |  |  | 0.86       | 
|July      |  |          | 0.91 |  |         |  | 0.77 |           |  |  | 0.81       | 
|August    |  |          | 0.93 |  |         |  | 0.79 |           |  |  | 0.92       | 
|September |  |          | 1.06 |  |         |  | 0.89 |           |  |  | 0.97       | 
|October   |  |          | 1.05 |  |         |  | 0.91 |           |  |  | 0.97       | 
|November  |  |          | 1.06 |  |         |  | 0.88 |           |  |  | 1.03       | 
|December  |  |          | 1.04 |  |         |  | 0.81 |           |  |  | 0.93       | 



Certain of the Corporation's
outstanding common share purchase warrants are listed and posted for trading on the TSX under the trading symbols "BRD.WT"
and "BRD.WT.A" and the Company's Convertible Debentures trading on the TSX under the trading symbol "BRD.DB.U".
The following table sets forth the market price ranges and the aggregate volume of trading of such warrants and debentures on the
TSX for the periods indicated:



Page 42Brigus Annual Information Form 2012







BRD.WT



|Period    |  | High ($) |      |  | Low ($) |  |      | Close ($) |  |  | Volume (warrants) | 
|--------- |  | -------- | ---- |  | ------- |  | ---- | --------- |  |  | ----------------- | 
|January   |  |          | 0.60 |  |         |  | 0.27 |           |  |  | 0.45              | 
|February  |  |          | 0.55 |  |         |  | 0.38 |           |  |  | 0.53              | 
|March     |  |          | 0.54 |  |         |  | 0.29 |           |  |  | 0.45              | 
|April     |  |          | 0.40 |  |         |  | 0.25 |           |  |  | 0.29              | 
|May       |  |          | 0.36 |  |         |  | 0.23 |           |  |  | 0.27              | 
|June      |  |          | 0.36 |  |         |  | 0.27 |           |  |  | 0.36              | 
|July      |  |          | 0.38 |  |         |  | 0.26 |           |  |  | 0.38              | 
|August    |  |          | 0.40 |  |         |  | 0.26 |           |  |  | 0.34              | 
|September |  |          | 0.37 |  |         |  | 0.21 |           |  |  | 0.32              | 
|October   |  |          | 0.35 |  |         |  | 0.22 |           |  |  | 0.28              | 
|November  |  |          | 0.30 |  |         |  | 0.21 |           |  |  | 0.25              | 
|December  |  |          | 0.22 |  |         |  | 0.12 |           |  |  | 0.15              | 



BRD.WT.A



|Period    |  | High ($) |       |  | Low ($) |  |       | Close ($) |  |  | Volume (warrants) | 
|--------- |  | -------- | ----- |  | ------- |  | ----- | --------- |  |  | ----------------- | 
|January   |  |          | 0.50  |  |         |  | 0.20  |           |  |  | 0.49              | 
|February  |  |          | 0.40  |  |         |  | 0.30  |           |  |  | 0.30              | 
|March     |  |          | 0.35  |  |         |  | 0.20  |           |  |  | 0.35              | 
|April     |  |          | 0.35  |  |         |  | 0.22  |           |  |  | 0.30              | 
|May       |  |          | 0.26  |  |         |  | 0.22  |           |  |  | 0.26              | 
|June      |  |          | 0.24  |  |         |  | 0.20  |           |  |  | 0.24              | 
|July      |  |          | 0.26  |  |         |  | 0.26  |           |  |  | 0.26              | 
|August    |  |          | 0.25  |  |         |  | 0.15  |           |  |  | 0.23              | 
|September |  |          | 0.30  |  |         |  | 0.155 |           |  |  | 0.23              | 
|October   |  |          | 0.335 |  |         |  | 0.21  |           |  |  | 0.285             | 
|November  |  |          | 0.26  |  |         |  | 0.15  |           |  |  | 0.20              | 
|December  |  |          | 0.13  |  |         |  | 0.03  |           |  |  | 0.095             | 



Page 43Brigus Annual Information Form 2012







BRD.DB.U



|Period    |  | High ($) |       |  | Low ($) |  |       | Close |  |  | Volume ($) | 
|--------- |  | -------- | ----- |  | ------- |  | ----- | ----- |  |  | ---------- | 
|January   |  |          | 90.75 |  |         |  | 87.50 |       |  |  | 90.50      | 
|February  |  |          | 90.95 |  |         |  | 90.50 |       |  |  | 90.50      | 
|March     |  |          | 90.75 |  |         |  | 87.00 |       |  |  | 88.00      | 
|April     |  |          | 90.00 |  |         |  | 87.00 |       |  |  | 89.99      | 
|May       |  |          | 90.00 |  |         |  | 87.00 |       |  |  | 87.00      | 
|June      |  |          | 93.00 |  |         |  | 87.90 |       |  |  | 88.00      | 
|July      |  |          | 88.00 |  |         |  | 86.50 |       |  |  | 87.50      | 
|August    |  |          | 90.00 |  |         |  | 86.90 |       |  |  | 88.70      | 
|September |  |          | 91.00 |  |         |  | 88.60 |       |  |  | 91.00      | 
|October   |  |          | 91.35 |  |         |  | 88.90 |       |  |  | 89.00      | 
|November  |  |          | 91.00 |  |         |  | 86.04 |       |  |  | 89.00      | 
|December  |  |          | 90.00 |  |         |  | 86.51 |       |  |  | 86.90      | 



During the year ending December 31, 2012,
the Corporation has issued the following securities:



|Date of Issuance   |  | Aggregate Number and 
Type of Securities Issued |  | Price per Security ($)
|------------------ |  | ----------------------------------------------- |  | ----------------------
|December 31, 2012  |  | 84,979 common shares (1)                        |  | Cdn$0.87              
|December 10, 2012  |  | 5,326,782 common shares (2)                     |  | Cdn$0.88              
|November 1, 2012   |  | 8,304,500 common shares (3)                     |  | Cdn$1.21              
|September 28, 2012 |  | 32,003 common shares (1)                        |  | Cdn$0.99              
|September 27, 2012 |  | 7,500 common shares (4)                         |  | Cdn$0.60              
|September 21, 2012 |  | 260,000 common shares (5)                       |  | Cdn$1.02              
|September 19, 2012 |  | 10,000 common shares (4)                        |  | Cdn$0.80              
|June 11, 2012      |  | 25,000 common shares (6)                        |  | Cdn$0.92              
|March 15, 2012     |  | 15,790,000 common shares (7)                    |  | Cdn$0.95              



| | 1) | Common shares were issued as part of the employee share purchase plan.
| | -- | ----------------------------------------------------------------------

| | 2) | Common shares were issued upon exercise of common share warrants.
| | -- | -----------------------------------------------------------------

| | 3) | On November 1, 2012, the Company sold 8,304,500 common shares designated as flow through shares
for purposes of the Income Tax Act (Canada) at a price of $1.21 per share for total gross proceeds of $10,048,445.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4) | Common shares were issued upon exercise of employee stock options.
| | -- | ------------------------------------------------------------------

| | 5) | Common shares were issued upon exercise of deferred share units.
| | -- | ----------------------------------------------------------------

| | 6) | Commons shares were issued in accordance with an agreement.
| | -- | -----------------------------------------------------------

| | 7) | On March 15, 2012, the Company sold 15,790,000 common shares at a price of CDN $0.95 per share,
for aggregate gross proceeds of $15,000,500.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------



Page 44Brigus Annual Information Form 2012







OFFICERS
AND DIRECTORS OF BRIGUS GOLD



Name, Address, Occupation and Security
Holding



The following table
sets forth the names, the municipalities of residence, the positions held with and the principal occupations of each of the Corporation's
current directors and executive officers as of March 28, 2013. Each director holds office until the next annual general meeting
of shareholders or until a successor is elected or appointed.



On September 4, 2012,
Jon Legatto was appointed to Chief Financial Officer following the departure of Dana Hatfield, the Company's former Chief Financial
Officer.



|Name, Province/State and
Country of Residence and
Position with Brigus      |  | Principal Occupation for
the Past Five Years                                                                                                                                                                                                                                                                                 |  | Director
/Officer
Since |  | Common Shares
Beneficially Owned
Directly or Indirectly or
Controlled
|--------------------------------------------------------------------------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------------------- |  | ---------------------------------------------------------------------
|Dawe, Wade K.
        Halifax, Nova Scotia, Canada
        Chairman & CEO   |  | Chairman & CEO for Brigus since January 2013.
        Chairman, President & CEO for Brigus from June 2010 to January
        2013.
        Chairman, CEO & President of predecessor company Linear
        Gold Corp. from October 2003 to June 2010.
        Chairman, Stockport Exploration Inc. from May 2006 to present. |  | 2010                    |  | 3,177,686                                                            
|Burgess, Harry 3
        Toronto, Ontario, Canada
        Director          |  | Founder of Micon International Ltd. since 1988.                                                                                                                                                                                                                                                                              |  | 2010                    |  | 20,000                                                               
|Gill, Derrick 1, 2
        St John's, Newfoundland, Canada
        Director |  | Executive VP & Principal Consultant of Strategic Concepts
        Inc. since 1990.
        Executive VP & Director of Vale Inco Newfoundland Limited
        from 1995 to December 2009.
        Director of predecessor company Linear Gold Corp. since 2004.                                                               |  | 2010                    |  | 40,000                                                               



Page 45Brigus Annual Information Form 2012







|Name, Province/State and
Country of Residence and
Position with Brigus                        |  | Principal Occupation for
the Past Five Years                                                                                                                                                                                                                                |  | Director
/Officer
Since |  | Common Shares
Beneficially Owned
Directly or Indirectly or
Controlled
|--------------------------------------------------------------------------------------------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------------------- |  | ---------------------------------------------------------------------
|Gross, Michael 2,3
        Halifax, Nova Scotia, Canada
        Director                      |  | Professor of Surgery at Dalhousie University since 1987.
        Independent consultant since 1987.
        Founder & Chairman of the board of NWest Energy prior to
        2008 and CEO of LNB Oil.
        Director of predecessor company Linear Gold Corp. since 2002. |  | 2010                    |  | 1,578,085                                                            
|Kaiser, Marvin 1
        Mayfield, Kentucky, USA
        Director                             |  | Independent consultant since 2006.
        Director of predecessor company Apollo Gold since 2006.                                                                                                                                                                          |  | 2006                    |  | 16,250                                                               
|Peat, David W. 1
        Fernandina Beach, Florida, USA
        Director                      |  | Financial Consultant since March 2009.
        Vice President and CFO of Frontera Copper Corp. from June 2006
        to February 2009.
        Director of predecessor company Apollo Gold since 2006.                                                                     |  | 2006                    |  | 16,250                                                               
|Stott, Charles E. 2,3
        Evergreen, CO, USA
        Director                             |  | Mineral Consultant since 1995.
        Director and Chairman of the Board of predecessor company Apollo
        Gold since 2002.                                                                                                                                            |  | 2002                    |  | 41,450                                                               
|Racine, Daniel
        Toronto, Ontario, Canada
        President and Chief Operating Officer |  | President and COO for Brigus since January 2013.
        COO for Brigus from August 2012 to January 2013.
        Senior Vice-President Mining of Agnico-Eagle Mines Limited from
        1988 to July 2012.                                                                |  | 2012                    |  | 381,610                                                              





Page 46Brigus Annual Information Form 2012









|Name, Province/State and
Country of Residence and
Position with Brigus                        |  | Principal Occupation for
the Past Five Years                                                                                                                                                                                                                                                                                                        |  | Director
/Officer
Since |  | Common Shares
Beneficially Owned
Directly or Indirectly or
Controlled
|--------------------------------------------------------------------------------------------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------------------- |  | ---------------------------------------------------------------------
|Legatto, Jon
        Dartmouth, Nova Scotia, Canada
        Chief Financial Officer           |  | CFO for Brigus since September 2012.
        Vice President Finance for Brigus from April 2011to September
        2012.
        Senior Manager Compliance and Performance Improvement for Homburg
        Canada REIT from November 2010 to April 2011.
        Senior Manager for Ernst & Young LLP from September 2006
        to November 2010. |  | 2011                    |  | 41,962                                                               
|Bird, Howard
        Toronto, Ontario, Canada
        Vice President, Exploration             |  | Senior Vice President, Exploration, Brigus, since June 2010.
        Vice President, Exploration of predecessor company Linear Gold
        Corp., from 2008 to 2010.
        Vice President, Exploration, SouthernEra Diamonds, from 2002
        to 2007.                                                                                         |  | 2010                    |  | 13,686                                                               
|Bilodeau, Marc
        Toronto, Ontario, Canada
        President and Chief Operating Officer |  | Vice President of Operations for Brigus since November 2012.
        General Mine Manager for Brigus from December 2011 to November
        2012.
        Manager of Mining for First Nickel Inc. from July 2008 to December
        2011.                                                                                                          |  | 2011                    |  | -                                                                    



| | (1) | Member of the Audit Committee
| | --- | -----------------------------

| | (2) | Member of the Corporate Governance, Nominating &
Compensation Committee
| | --- | -----------------------------------------------------------------------

| | (3) | Member of the Health, Safety & Environment Committee
| | --- | ----------------------------------------------------



The aggregate number
of Common Shares which the directors and executive officers of the Corporation beneficially own, directly or indirectly, or over
which control or direction is exercised, is 5,326,979 Common Shares, which is approximately 2.30% of the Common Shares issued and
outstanding as of the date of this AIF.



Page 47Brigus Annual Information Form 2012







Corporate Cease Trade Orders or Bankruptcies



To the best of the
Corporation's knowledge, during the past ten years, none of the directors, executive officers or shareholders holding a sufficient
number of securities to affect materially the control of the Corporation is or has been a director or executive officer of any
other company that while such person was acting in that capacity:



| | (a) | was the subject of a cease trade order or similar order or an order that denied such company access
to any exemption under securities legislation for a period of more than 30 consecutive days,
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | was subject to an event that resulted, after the director or executive officer ceased to be a director
or executive officer, in such company being the subject of a cease trade or similar order or an order that denied such company
access to any exemption under securities legislation, for a period of more than 30 consecutive days, or
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | within a year of that person ceasing to act in that capacity, such company became bankrupt, made
a proposal under any legislation relating to bankruptcy or insolvency or was subject to or instituted any proceedings, arrangement
or compromise with creditors or had a receiver, receiver manager or trustee appointed to hold its assets.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Penalties or Sanctions



To the best of the
Corporation's knowledge, none of the directors, executive officers or shareholders holding a sufficient number of securities to
affect materially the control of the Corporation has been subject to (a) any penalties or sanctions by a court relating to securities
legislation or by a securities regulatory authority or has entered into a settlement agreement with a securities regulatory authority
or (b) any other penalties or sanctions imposed by a court or regulatory body that would likely be considered important to a reasonable
investor in making an investment decision.



Personal Bankruptcies



To the best of the
Corporation's knowledge, during the past ten years, none of the directors, executive officers or shareholders holding a sufficient
number of securities to materially affect the control of the Corporation has become bankrupt, made a proposal under any legislation
relating to bankruptcy or insolvency, or become subject to or instituted any proceedings, arrangement or compromise with creditors,
or had a receiver, receiver manager or trustee appointed to hold the assets of such director, executive officer or shareholder.



Conflicts of Interest



The directors are required
by law to act honestly and in good faith with a view to the best interests of the Corporation and to disclose any interests that
they may have in any project or opportunity of the Corporation. If a conflict of interest arises at a meeting of the Board, any
director in a conflict will disclose his interest and abstain from voting on such matter.



To the best of the
Corporation's knowledge, and other than disclosed herein, there are no known existing or potential conflicts of interest among
the Corporation, its promoters, directors and officers or other members of management of the Corporation or of any proposed promoter,
director, officer or other member of management as a result of their outside business interests, except that certain of the directors
and officers serve as directors and officers of other companies, and therefore it is possible that a conflict may arise between
their duties to the Corporation and their duties as a director or officer of such other companies.



Page 48Brigus Annual Information Form 2012







Corporate Governance



The Corporation has
established three committees of the board of directors as follows: the Audit Committee, the Corporate Governance & Compensation
Committee, and the Health, Safety & Environment Committee. The mandates of the Board and its committees are available by contacting
the Corporation at its head office address noted herein.



Audit Committee



The purpose of the
Corporation's Audit Committee is to provide assistance to the Board in fulfilling its legal and fiduciary obligations with respect
to matters involving the accounting, auditing, financial reporting, internal control and legal compliance functions of the Corporation.
It is the objective of the Audit Committee to maintain free and open communications among the Board, the independent auditors and
the financial and senior management of the Corporation. The full text of the Audit Committee's charter and mandate is included
as Schedule C to this AIF.



Composition of the Audit Committee



The Audit Committee
is comprised of the Chairman David W. Peat, Marvin Kaiser and Derrick Gill. Each member is financially literate as defined under
Section 1.5 of National Instrument 52-110 Audit Committees ("NI 52-110"). All members are independent as such
term is defined under Section 1.4 of NI 52-110.



Relevant Education and Experience



The education and experience
of each audit committee member relevant to the performance of his responsibilities as an audit committee member is outlined below:



David W. Peat–
Mr. Peat has over 25 years of executive experience in financial leadership in support of mining corporations. Mr. Peat has held
multiple executive positions including as Vice President and Chief Financial Officer of Frontera Copper from 2006 through 2009;
Vice President and Global Controller of Newmont Mining from 2002 through 2004; and Vice President of Finance and Chief Financial
Officer of Homestake Mining from 1999 through 2002. Mr. Peat began his career at Price Waterhouse in Toronto and he has been a
member of the Institute of Chartered Accountants of Ontario since 1978. He is currently a director and chairman of the Audit Committee
of Gabriel Resources and a director and chairman of the Audit Committee of the Sunshine Silver Mines Corporation, a privately held
silver exploration and development company. Mr. Peat received his bachelor's degree in economics from the University of Western
Ontario, and a bachelor's degree in commerce, with honours in business administration, from the University of Windsor, Ontario.



Marvin Kaiser
– Mr. Kaiser has over 40 years of experience in the mining industry and is a Certified Public Accountant. At the time of
his retirement in 2006, he was Executive Vice President and Chief Administrative Officer of The Doe Run Company, an international
natural resource company focused on the mining, smelting, recycling and fabrication of metals. Prior to joining Doe Run, Mr. Kaiser
was the Chief Financial Officer of Amax Gold Inc from 1989 to 1993. He serves as a director of Gryphon Gold, Inc. and Uranium Resources,
Inc. as well as two privately held exploration companies. Mr. Kaiser received his bachelor's degree in accounting from Southern
Illinois University and serves as a director of the Southern Illinois University Foundation.



Page 49Brigus Annual Information Form 2012







Derrick Gill
– Mr. Gill is co-founder and a director of Strategic Concepts and SCI Software, which provide strategic planning, financial
modeling and business development consultation to major mining and oil and gas projects in Canada. He is also a member of the advisory
board of the Atlantic Canada Opportunities Agency's Atlantic Innovation Fund. Mr. Gill's 30-year career has included executive
roles at Voisey's Bay Nickel, Diamond Fields Resources and Bristol Communications. He is also a director of Crosshair Exploration.
Mr. Gill received his undergraduate degree in business administration from Memorial University.



Pre-Approval Policies and Procedures



Under its mandate,
the Audit Committee is required to review and pre-approve the objectives and scope of the audit work to be performed by the Corporation's
external auditors and their proposed fees. In addition, the Audit Committee is required to review and pre-approve all non-audit
services which the Corporation's external auditors are to perform.



Pursuant to these procedures
since their implementation, all of the services provided by the Corporation's external auditors relating to the fees reported as
audit, audit-related, tax and all other services have been approved by the Audit Committee.



Audit Fees



The aggregate fees
billed by the external auditors in the years ending December 31, 2012 and December 31, 2011 for audit services were $372,000 and
$524,000, respectively.



Audit Related Fees



The aggregate fees
billed by the external auditors in the years ending December 31, 2012 and December 31, 2011 for audit related services were $65,000
and $64,000, respectively.



Tax Fees



The aggregate fees
billed by the external auditors in the years ending December 31, 2012 and December 31, 2011, for tax compliance, tax advice and
tax planning services were nil and nil, respectively.



All Other Fees



The aggregate feesbilled by the external auditors in the years ending December 31, 2012 and December 31, 2011, for all other services other than
as described above under Audit Fees, Audit-Related Fees, and Tax Fees were $54,000 and $377,000, respectively. The 2012 fees related
to prospectus filings. The fees in 2011 relate to IFRS conversion services and prospectus filings.



RISK FACTORS



An investment in the
Corporation's securities involves a high degree of risk. You should consider the risk factors set forth below before purchasing
any of the Corporation's securities. In addition to historical information, the information in this AIF contains "forward-looking"
statements about the Corporation's future business and performance. The Corporation's actual operating results and financial performance
may be very different from what the Corporation expects as of the date of this AIF. These risk factors list some, but not all,
of the risks and uncertainties that may have a material adverse effect on the Corporation's business, results of operations, financial
condition, cash flows and the market price of the Corporation's common shares. Additional risks and uncertainties not currently
known to the Corporation or that it currently deems to be immaterial may also impair the Corporation's business operations. If
the Corporation is unable to prevent events that have a negative effect from occurring, then the Corporation's business, and the
Corporation's results of operations, financial condition, cash flows and the market price of the Corporation's common shares could
be materially and adversely affected.



Page 50Brigus Annual Information Form 2012







In addition to the
other information set forth in this report, you should carefully consider the risk factors below and those discussed in "Risk
Factors" in the Corporation's Management Discussion and Analysis for the year ended December 31, 2012, which could materially
affect the Company's business, financial condition and/or future results. These risks are not the only risks facing the Corporation.
Additional risks and uncertainties not currently known to Brigus or that the Company currently deem to be immaterial also may materially
adversely affect the business, financial condition and/or operating results.



The Company may require significant
additional capital to continue its exploration and development activities, and, if warranted, to develop mining operations.



Substantial expenditures
will be required to continue with exploration at the Grey Fox and Pike River properties in order to explore and, if exploration
is successful, develop these projects and properties. The Company will be required to expend significant amounts for, among other
things, geological and geochemical analysis, assaying, and, if warranted, feasibility studies with regard to the results of exploration.
The Company may not benefit from these investments if the Company is unable to identify commercially exploitable mineralized material.
If the Company is successful in identifying reserves, it will require significant additional capital to construct facilities necessary
to extract those reserves.



Substantial expenditures
will also be required to develop the Goldfields Project located in Saskatchewan, Canada. The Company may not be able to obtain
final permits for the project and there may be significant variances relative to the feasibility study with respect to capital
and operating costs as well as production estimates and related revenues, any of which could have a significant impact on the overall
economics of the project.



The Company's ability
to obtain the funding necessary to explore and develop its properties and projects depends upon a number of factors, including
the state of the North American and worldwide economy and the price of gold. The Company may not be successful in obtaining the
required financing for these or other purposes on terms that are favourable to the Company or at all, in which case the Company's
ability to continue operating would be adversely affected. Failure to obtain such additional financing could result in delay or
indefinite postponement of further exploration or potential development of some or all of its exploration and /or development properties.



The Company's earnings may be affected
by the volatility of gold prices.



Historically the Company
primarily has derived all of its revenues from the sale of gold, and its current development and exploration activities are focused
on gold. As a result, the Company's future earnings are directly related to the price of gold. Gold prices are affected by various
forces including global supply and demand, interest rates, exchange rates, inflation or deflation and the political and economic
conditions of major gold producing countries. The profitability of the Company is directly related to the market price of gold.



The current demand
for, and supply of, gold also affects gold prices. The supply of gold consists of a combination of new production from mining and
existing shares of bullion held by government central banks, public and private financial institutions, industrial organizations
and private individuals. As the amounts produced by all producers in any single year constitute a small portion of the total potential
supply of gold, normal variations in current production do not usually have a significant impact on the supply of gold or on its
price. Mobilization of gold held by central banks through lending and official sales may have a significant adverse impact on the
gold price.



Page 51Brigus Annual Information Form 2012







All of the above factors
are beyond the Company's control and are impossible for the Company to predict. If the market price for gold falls below the Company's
costs to produce gold for a sustained period of time, that will make it more difficult to obtain financing for its projects. Furthermore,
any such reduction in the market price for gold could cause the Company to experience significant losses and could require the
Company to discontinue exploration, development and/or mining at one or more of its properties.



The Company is also a significant consumer
of electricity, mining equipment, fuels and mining-related raw materials, all of which the Company purchases from outside sources.
Increases in prices of electricity, equipment, fuel and raw materials could adversely affect the Company's operating expenses and
profitability.



Operational problems may disrupt mining
and milling operations at Black Fox.



Mining and milling
operations, including the Company's Black Fox mine and mill, inherently involve risks and hazards and could be prevented, delayed
or disrupted by, among other things:



| | · | unanticipated changes in grade and tonnage of material to be mined and processed;
| | - | ---------------------------------------------------------------------------------

| | · | unanticipated adverse geotechnical conditions;
| | - | ----------------------------------------------

| | · | adverse weather conditions;
| | - | ---------------------------

| | · | incorrect data on which engineering assumptions are made;
| | - | ---------------------------------------------------------

| | · | availability and cost of labor and other supplies and equipment;
| | - | ----------------------------------------------------------------

| | · | availability of economic sources of power;
| | - | ------------------------------------------

| | · | adequacy of access to the site;
| | - | -------------------------------

| | · | unanticipated transportation costs;
| | - | -----------------------------------

| | · | government regulations (including regulations relating to prices, royalties, duties, taxes, restrictions
on production, quotas on exportation of minerals, as well as the costs of protection of the environment and agricultural lands);
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | lower than expected ore grades;
| | - | -------------------------------

| | · | the physical or metallurgical characteristics of the ore are less amenable to mining or treatment
than expected;
| | - | ----------------------------------------------------------------------------------------------------------------

| | · | delivery and installation of equipment necessary to continue operations as planned; or
| | - | --------------------------------------------------------------------------------------

| | · | failure of the Company's equipment, processes or facilities to operate properly or as expected.
| | - | -----------------------------------------------------------------------------------------------



Production delays or
stoppages will adversely affect the Company's sales and operating results, and could prevent the Company from meeting its obligations
under the senior secured facility agreement that governs the Senior Secured Notes and the indenture that governs the Convertible
Debentures.



Page 52Brigus Annual Information Form 2012







Brigus' exploration and development
properties are highly speculative in nature and may not be successful.



Certain of Brigus'
activities are directed toward the development of mineral deposits and the exploration for and the future development of mineral
deposits. The exploration for, and development of, precious metal deposits involves significant risks which even a combination
of careful evaluation, experience and knowledge cannot eliminate. While the discovery of a precious metal deposit may result in
substantial rewards, few properties which are explored are ultimately developed into producing mines. Major expenses may be required
to locate and establish mineral reserves, to develop metallurgical processes and to construct mining and processing facilities
at a particular site. Whether a precious metal deposit will be commercially viable depends on a number of factors, some of which
are: the particular attributes of the deposit, such as size, grade and proximity to infrastructure; metal prices which are highly
cyclical and unpredictable; and government regulations, including regulations relating to prices, taxes, royalties, land tenure,
land use, importing and exporting of precious metals and environmental protection. The exact effect of these factors cannot be
accurately predicted, but the combination of these factors may result in Brigus not receiving an adequate return on invested capital
or abandoning or delaying the development of a mineral project.



There is no certainty
that the expenditures made by the Company towards the search and evaluation of precious metal deposits will result in discoveries
of commercial quantities of such metals.



The development of the Grey Fox Project
is subject to a number of risks and its development into a commercially viable mine cannot be assured.



The Grey Fox Project
is currently at the development stage. Construction and development of the project is subject to numerous risks, including, but
not limited to, delays in obtaining equipment, material, permits and services essential to completing construction of the project
in a timely manner; changes in environmental or other government regulations; currency exchange rates; financing risks; labor shortages;
and fluctuation in metal prices, as well as the continued support of the local community. There can be no assurance that the construction
will commence or continue in accordance with current expectations or at all.



In addition, the Grey
Fox Project has no recent operating history upon which to base estimates of future commercial viability. Estimates of mineral resources
and mineral reserves are, to a large extent, based on the interpretation of geological data obtained from drill holes and other
sampling techniques. This information is used to calculate estimates of the capital cost and operating costs based upon anticipated
tonnage and grades of gold to be mined and processed, the configuration of the mineral resource, expected recovery rates, comparable
facility and equipment operating costs, anticipated climatic conditions and other factors. As a result, it is possible that the
difference in such estimates could have a material adverse effect on the Company's business, financial condition, results of operations
and prospects. There can be no assurance that the Company will be able to complete development of its mineral projects, or any
of them, at all or on schedule or within budget due to, among other things, and in addition to those factors described above, changes
in the economics of the mineral projects, the delivery and installation of plant and equipment and cost overruns, or that the current
personnel, systems, procedures and controls will be adequate to support operations. Should any of these events occur, it would
have a material adverse effect on the Company's business, financial condition, results of operations and prospects.



The Company faces strong competition
from other mining companies for the acquisition of new properties.



Mines have limited
lives and as a result, the Company may seek to replace and expand its reserves through the acquisition of new properties, interests
or companies. In addition, there is a limited supply of desirable mineral lands available in the United States, Canada and Mexico
and other areas where the Company would consider conducting exploration and/or production activities. Because the Company faces
strong competition for new properties from other mining companies, most of which have greater financial resources than the Company
does, it may be unable to acquire attractive new mining properties.



Page 53Brigus Annual Information Form 2012







The Company's estimates of reserves
and resources are potentially inaccurate.



The Company estimates
its reserves and resources on its properties as "proven reserves", "probable reserves" or in accordance with
applicable Canadian standards, as "measured resources", "indicated resources" or "inferred resources".
The Company's ore reserve and resource figures and costs are primarily estimates and are not guarantees that the Company will recover
the indicated quantities of these metals. The Company estimates proven reserve quantities based on sampling and testing of sites
conducted by the Company and by independent companies hired by the Company. Probable reserves are based on information similar
to that used for proven reserves, but the sites for sampling are less extensive, and the degree of certainty is less. Reserve estimation
is an interpretive process based upon available geological data and statistical inferences and is inherently imprecise and may
prove to be unreliable. In addition, resources have a great amount of uncertainty as to their existence, and great uncertainty
as to their economic and legal feasibility.



The Company's reserves
are reduced as existing reserves are depleted through production. Reserves may be reduced due to lower than anticipated volume
and grade of reserves mined and processed and recovery rates.



Reserve estimates are
calculated using assumptions regarding metals prices. Gold prices have fluctuated widely in the past. Declines in the market price
of metals, as well as increased production costs, capital costs and reduced recovery rates, may render reserves uneconomic to exploit,
and lead to a reduction in reserves. Any material reduction in the Company's reserves may lead to lower earnings or higher losses,
reduced cash flow, asset write-downs and other adverse effects on the Company's results of operations and financial condition,
including difficulty in obtaining financing and a decrease in the Company's stock price. Reserves should not be interpreted as
assurances of mine life or of the profitability of current or future operations. No assurance can be given that the amount of metal
estimated will be produced or the indicated level of recovery of these metals will be realized.



The Company may not achieve its production
estimates.



The Company prepares
estimates of future production for its operations. The Company develops its estimates based on, among other things, mining experience,
reserve estimates, assumptions regarding ground conditions and physical characteristics of ores (such as hardness and presence
or absence of certain metallurgical characteristics) and estimated rates and costs of mining and processing. In the past, the Company's
actual production from time to time has been lower than its production estimates and this may be the case in the future.



Each of these factors
also applies to future development properties not yet in production. In the case of mines the Company may develop in the future,
the Company does not have the benefit of actual experience in its estimates, and there is a greater likelihood that the actual
results will vary from the estimates. In addition, development and expansion projects are subject to financing contingencies, unexpected
construction and start-up problems and delays.



The Company's future profitability depends
in part on actual economic returns and actual costs of developing mines, which may differ significantly from the Company's estimates
and involve unexpected problems, costs and delays.



The Company is engaged
in the development of new ore bodies. The Company's ability to sustain or increase its present level of production is dependent
in part on the successful exploration and development of new ore bodies and/or expansion of existing mining operations.



Page 54Brigus Annual Information Form 2012







Decisions regarding
future projects, including Grey Fox, Pike River, and Goldfields, are subject to the successful completion of feasibility studies,
issuance of necessary governmental permits and receipt of adequate financing.



Development projects
have no operating history upon which to base estimates of future cash flow. The Company's estimates of proven and probable ore
reserves and cash operating costs are, to a large extent, based upon detailed geologic and engineering analysis. The Company also
conducts feasibility studies that derive estimates of capital and operating costs based upon many factors.



It is possible that
actual costs and economic returns may differ materially from the Company's best estimates. It is not unusual in the mining industry
for new mining operations to experience unexpected problems during the start-up phase and to require more capital than anticipated.
There can be no assurance that any future exploration or development efforts will be profitable.



Disruptions in the supply of critical
equipment and increases in prices of raw materials could adversely impact the Company's operations.



The Company is a significant
consumer of electricity, mining equipment, fuels and mining-related raw materials, all of which the Company purchases from outside
sources. Increases in prices of electricity, equipment, fuel and raw materials could adversely affect the Company's operating expenses
and profitability. Furthermore, failure to receive raw materials in a timely manner from third party suppliers could impair the
Company's ability to meet production schedules or its contractual commitments and thus adversely impact its revenues. Prolonged
disruptions in the supply of any of the Company's equipment or other key raw materials, implementing use of replacement equipment
or new sources of supply, or a continuing increase in the prices of raw materials and energy could have a material adverse effect
on the Company's operating results, financial condition or cash flows.



The Company's operations may be adversely
affected by risks and hazards associated with the mining industry.



The Company's business
is subject to a number of risks and hazards including adverse environmental effects, technical difficulties due to unusual or unexpected
geologic formations, and pit wall failures as well as the risks associated with underground mining.



Such risks could result
in personal injury, environmental damage, damage to and destruction of production facilities, delays in mining and liability. For
some of these risks, the Company maintains insurance to protect against these losses at levels consistent with its historical experience
and industry practice. However, the Company may not be able to maintain current levels of insurance, particularly if there is a
significant increase in the cost of premiums. Insurance against environmental risks is generally too expensive or not available
for the Company and other companies in the industry, and, therefore, the Company does not maintain environmental insurance. To
the extent the Company is subject to environmental liabilities, it would have to pay for these liabilities. Moreover, in the event
that the Company is unable to fully pay for the cost of remediating an environmental problem, the Company might be required to
suspend or significantly curtail operations or enter into other interim compliance measures.



The titles to some of the Company's
properties may be uncertain or defective.



While the Company has
no reason to believe that its rights to mine on any of its properties are in doubt, title to mining properties are subject to potential
claims by third parties claiming an interest in them.



Page 55Brigus Annual Information Form 2012







If there are title defects with respect
to any of the Company's properties, it might be required to compensate other persons or perhaps reduce the Company's interest in
the affected property. Also, in any such case, the investigation and resolution of title issues would divert management's time
from ongoing exploration and development programs. Furthermore, if the Company loses its rights in and to any of its properties,
the Company could incur substantial and protracted losses.



The Company may lose rights to properties
if it fails to meet payment requirements or development or production schedules.



The Company derives
the rights to most of its mineral properties from unpatented mining claims, leaseholds, joint ventures or purchase option agreements
which require the payment of maintenance fees, rents, purchase price instalments, exploration expenditures, or other fees. If the
Company fails to make these payments when they are due, its rights to the property may lapse. There can be no assurance that the
Company will always make payments by the requisite payment dates. In addition, some contracts with respect to the Company's mineral
properties require development or production schedules. There can be no assurance that the Company will be able to meet any or
all of the development or production schedules. The Company's ability to transfer or sell its rights to some of its mineral properties
requires government approvals or third party consents, which may not be granted.



The market price of the Company's common
shares has experienced volatility and could decline significantly.



The Company's common
shares are listed on the NYSE MKT Equities Exchange and the Toronto Stock Exchange. Securities of small-cap companies have experienced
substantial volatility in the past, often based on factors unrelated to the financial performance or prospects of the companies
involved. These factors include macroeconomic developments in North America and globally and market perceptions of the attractiveness
of particular industries. The Company's share price is also likely to be significantly affected by global economic issues, as well
as short-term changes in gold prices or in the Company's financial condition or liquidity.



As a result of any
of these factors, the market price of the Company's common shares at any given point in time might not accurately reflect its long-term
value. Securities class action litigation often has been brought against companies following periods of volatility in the market
price of their securities. The Company could in the future be the target of similar litigation. Securities litigation could result
in substantial costs and damages and divert management's attention and resources.



The existence of outstanding rights
to purchase common shares may impair the Company's share price and its ability to raise capital.



Approximately 34.7
million of the Company's common shares are issuable on exercise of warrants and options to purchase common shares at prices ranging
from approximately $2.14 and $0.75 to $3.72 at weighted average prices of $2.14 and $1.16, respectively.



In addition, each $1,000
principal amount of the Convertible Debentures are convertible into common shares of the Company at the option of the holder at
a conversion price of $2.45 per common share. Further, common shares of the Company are potentially issuable in connection with
the Convertible Debentures in the following circumstances: (i) at the Company's election in lieu of payment of principal upon redemption
or maturity of the Convertible Debentures, (ii) upon a change of control of the Company (as defined in the Indenture) and (iii)
at the Company's election to pay interest on the Convertible Debentures in common shares.



Page 56Brigus Annual Information Form 2012







During the term of the warrants, options,
Convertible Debentures and other rights, the holders are given an opportunity to profit from a rise in the market price of the
Company's common shares with a resulting dilution in the interest of the other shareholders. The Company's ability to obtain additional
equity financing during the period such rights are outstanding may be adversely affected, and the existence of the rights may have
an adverse effect on the price of the Company's common shares. The holders of the warrants, options, Convertible Debentures and
other rights can be expected to exercise or convert them at a time when the Company would, in all likelihood, be able to obtain
any needed capital by a new offering of securities on terms more favorable to the Company than those provided by the outstanding
rights.



Past and future equity issuances could
impair the Company's share price.



If the Company's shareholders
sell substantial amounts of its common shares, the market price of its common shares could decrease.



The Company has 231,459,942
common shares outstanding as at March 28, 2013. In addition, the Company may sell additional common shares in subsequent offerings
and issue additional common shares to finance future acquisitions or as compensation in financing transactions.



The Company cannot
predict the size of future issuances of common shares or the effect, if any, that future issuances and sales of common shares will
have on the market price of the Company's common shares. Sales or issuances of large numbers of the Company's common shares, or
the perception that such sales might occur, may adversely affect prevailing market prices for the Company's common shares. With
any additional issuance of common shares, investors will suffer dilution and the Company may experience dilution in its earnings
per share.



The Company faces substantial governmental
regulation.



The Company's Black
Fox mining operations and its exploration activities are subject to regulations promulgated by various Canadian government agencies
governing the environment, agricultural zoning, prospecting, development, production, exports, taxes, labour standards, occupational
health, waste disposal, toxic substances, mine safety and other matters. Currently, the Company's Canadian properties are subject
to the jurisdiction of the federal laws of Canada, the provincial laws of Ontario, as well as local laws where they are located.
Any changes in current regulations, the adoption of new regulations or shifts in political conditions are beyond the Company's
control and may adversely affect its business.



Companies that engage
in exploration and development activities often experience increased costs and delays in production and other schedules as a result
of the need to comply with applicable laws, regulations and permits. Issuance of permits for the Company's exploration and mining
activities is subject to the discretion of government authorities, and the Company may be unable to obtain or maintain such permits.
Permits required for future exploration or development may not be obtainable on reasonable terms or on a timely basis. Existing
and possible future laws, regulations and permits governing operations and activities of mining companies, or more stringent implementation
thereof, could have a material adverse impact on the Company and cause increases in its capital expenditures or require abandonment
or delays in the exploration or development of its properties. Moreover, these laws and regulations may allow governmental authorities
and private parties to bring lawsuits based upon damages to property and injury to persons resulting from the environmental, health
and safety impacts of the Company's past and current operations, or possibly even those actions of parties from whom the Company
acquired its mines or properties, and could lead to the imposition of substantial fines, penalties or other civil or criminal sanctions.



Page 57Brigus Annual Information Form 2012







It is difficult to
strictly comply with all regulations imposed on the Company. The Company retains competent and well trained individuals and consultants
in jurisdictions in which it does business, however, even with the application of considerable skill the Company may inadvertently
fail to comply with certain laws. Such events can lead to financial restatements, fines, penalties, and other material negative
impacts on the Company.



The Company is subject to environmental
risks.



The Canadian mining
industry is subject to federal and provincial environmental protection legislation. This legislation imposes strict standards on
the mining industry in order to reduce or eliminate the effects of waste generated by extraction and processing operations and
subsequently emitted into the air or water. Consequently, drilling, refining, extracting and milling are all subject to the restrictions
imposed by this legislation. In addition, the construction and commercial operation of a mine typically entail compliance with
applicable environmental legislation and review processes, as well as the obtaining of permits, particularly for the use of the
land, permits for the use of water, and similar authorizations from various government bodies. Canadian federal, provincial, and
local laws and regulations relating to the exploration for and development, production and marketing of mineral production, as
well as environmental and safety matters have generally become more stringent in recent years, often imposing greater liability
on a larger number of potentially responsible parties. Because the requirements imposed by such laws and regulations are frequently
changed, the Company is unable to predict the ultimate cost of compliance with such requirements. There is no assurance that environmental
laws and regulations enacted in the future will not adversely affect the Company's financial condition and results of operations.



The Company is subject
to potential risks and liabilities associated with environmental compliance and the disposal of waste rock and materials that could
occur as a result of the Company's mineral exploration and production. In certain circumstances, the potential liabilities can
include liability for costs of remediation and clean up of mines which the Company owned or operated in the past, but no longer
own or operate. To the extent that the Company is subject to environmental liabilities, the payment of such liabilities or the
costs that the Company may incur to remedy any non-compliance with environmental laws would reduce funds otherwise available to
it and could have a material adverse effect on the Company's financial condition or results of operations. If the Company is unable
to fully remedy an environmental problem, it might be required to suspend operations or enter into interim compliance measures
pending completion of the required remedy.



The potential exposure
may be significant and could have a material adverse effect on the Company. The Company has not purchased insurance for environmental
risks (including potential liability for pollution or other hazards as a result of the disposal of waste products occurring from
exploration and production) because it is not generally available at a reasonable price or at all.



All of the Company's
exploration, development and production activities are subject to regulation under one or more of the various federal and provincial
environmental laws and regulations in Canada. Many of the regulations require the Company to obtain permits for its activities.
The Company must update and review its permits from time to time, and is subject to environmental impact analyses and public review
processes prior to approval of the additional activities. It is possible that future changes in applicable laws, regulations and
permits or changes in their enforcement or regulatory interpretation could have a significant impact on some portion of its business,
causing those activities to be economically reevaluated at that time. Those risks include, but are not limited to, the risk that
regulatory authorities may increase bonding requirements beyond the Company's financial capabilities.



Page 58Brigus Annual Information Form 2012







The posting of bonds
in accordance with regulatory determinations is a condition to the right to operate under all material operating permits, and therefore
increases in bonding requirements could prevent the Company's operations from continuing even if the Company was in full compliance
with all substantive environmental laws.



Because the Company is a foreign private
issuer within the meaning of the rules under the U.S. Exchange Act, the Company is exempt from certain rules and regulations applicable
to United States domestic public companies, and the Company is not required to provide its investors with the same level of disclosure
that domestic public companies are required to provide.



The Company is a foreign
private issuer within the meaning of the rules under the U.S. Securities Exchange Act of 1934, as amended (the "U.S. Exchange
Act") and intends to file reports required under the U.S. Exchange Act as applicable to foreign private issuers. As a
foreign private issuer, the Company is exempt from certain provisions applicable to United States domestic public companies. For
example:



| | · | the Company is not required to provide as many U.S. Exchange Act reports, or as frequently, as
a domestic public company;
| | - | -------------------------------------------------------------------------------------------------------------------------

| | · | the Company is not required to provide the same level of disclosure on certain issues, such as
executive compensation;
| | - | ----------------------------------------------------------------------------------------------------------------------

| | · | for interim reporting, the Company is permitted to comply solely with requirements in Canada, which
may be less rigorous than the rules that apply to domestic public companies; the Company is not required to comply with the sections
of the U.S. Exchange Act regulating the solicitation of proxies, consents or authorizations in respect of a security registered
under the U.S. Exchange Act; and
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | the Company is not required to comply with Section 16 of the U.S. Exchange Act requiring insiders
to file public reports of their share ownership and trading activities and establishing insider liability for profits realized
from any "short swing" trading transaction.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



As a result, shareholders
may not have access to information they may deem important and the Company will not be under any obligation to provide such information.



Certain of the corporate governance
rules promulgated by the NYSE MKT Equities Exchange will not apply to the Company so long as it qualifies as a foreign private
issuer, and there may be significant differences between the Company's corporate governance practices and the corporate governance
standards applicable to U.S. domestic companies listed on the NYSE MKT Equities Exchange.



As a foreign private
issuer, the Company will be permitted to follow corporate governance practices in accordance with Canadian law in lieu of certain
of the NYSE MKT Equities Exchange corporate governance rules in the NYSE MKT Company Guide ("NYSE MKT Standards").
While the Company is generally in compliance with the NYSE MKT Standards applicable to U.S. domestic issuers, the Company may in
the future rely on exemptions to the NYSE MKT Standards applicable to foreign private issuers and, under such circumstances, shareholders
may not have the same protections afforded to shareholders of U.S. domestic issuers that are subject to all of the NYSE MKT Standards.



Page 59Brigus Annual Information Form 2012







The Company discloses certain technical
information in Canada relating to the Company's properties under Canadian standards, which differs significantly from standards
in the United States.



The Company files reports
in Canada that are prepared in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements
of United States securities laws. Technical disclosure regarding the Company's properties included or incorporated by reference
in the Company's Canadian filings on SEDAR ("Technical Disclosure") has been prepared in accordance with the requirements
of securities laws in effect in Canada, which differ from the requirements of the United States securities laws. The Technical
Disclosure uses terms that comply with reporting standards in Canada and certain estimates are made in accordance with National
Instrument 43-101 of the Canadian Securities Administrators ("NI 43-101"). NI 43-101 is a rule developed by the
Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical
information concerning mineral projects. Unless otherwise indicated, all mineral reserve and mineral resource estimates contained
in the Technical Disclosure have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and
Petroleum Classification System. These standards differ significantly from the requirements of the SEC, and resource information
contained in the Technical Disclosure may not be comparable to similar information disclosed by U.S. companies. For example, use
of the terms "probable mineral reserves," "measured mineral resources," "indicated mineral resources"
and "inferred mineral resources" comply with the reporting standards in Canada but are not recognized by the SEC.



Under United States
standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization
could be economically and legally produced or extracted at the time the reserve determination is made.



You should not assume
that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. These terms have
a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. In accordance
with Canadian rules, estimates of inferred mineral resources cannot form the basis of feasibility or other economic studies. It
cannot be assumed that all or any part of measured mineral resources, indicated mineral resources, or inferred mineral resources
will ever be upgraded to a higher category or that such resources are economically or legally mineable. The SEC generally only
permits issuers to report mineralization that does not constitute "reserves" as in place tonnage and grade without reference
to unit measures. In addition, the definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions
in the SEC Industry Guide 7. Accordingly, information contained in the Technical Disclosure may not be comparable to similar information
made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws
and the rules and regulations thereunder.



There may be certain tax risks associated
with investments in the Company's common shares.



U.S. persons who are
potential holders of the Company's common shares should be aware that the Company could constitute a "passive foreign investment
company" ("PFIC") for U.S. federal income tax purposes. The tests for determining PFIC status for a taxable
year depend upon the relative values of certain categories of assets and the relative amounts of certain kinds of income. The application
of these factors depends upon the Company's financial results for the year, which is beyond the Company's ability to predict or
control, and may be subject to legal and factual uncertainties. While the Company does not expect to be a PFIC in 2013, the Company
is unable to predict whether it will be a PFIC in 2013 or in later years. The Company undertakes no obligation to advise investors
as to the Company's PFIC status for any year.



Page 60Brigus Annual Information Form 2012







If the Company is a
PFIC for any year, any holder of the Company's common shares who is a U.S. person for U.S. federal income tax purposes ("U.S.
holder") and whose holding period for such common stock includes any portion of a year in which the Company is a PFIC
generally would be subject to a special adverse tax regime in respect of "excess distributions." Excess distributions
would include certain distributions received with respect to the Company's common shares. Gain recognized by a U.S. holder on a
sale or other transfer of the Company's common shares also would be treated as an excess distribution. Under the PFIC rules, excess
distributions would be allocated ratably to a U.S. holder's holding period.



The portion of any
excess distributions (including gains treated as excess distributions) allocated to the current year and to prior years before
the Company became a PFIC would be includible as ordinary income in the current year. The portion of any excess distributions allocated
to prior PFIC years would be taxed at the highest marginal rate applicable to ordinary income for each year (regardless of the
taxpayer's actual marginal rate for that year and without reduction by any losses or loss carryforwards) and would be subject to
interest charges to reflect the value of the U.S. federal income tax deferral.



In addition, dividends
received from a company that is a PFIC in the year in which the dividend is paid or in the preceding calendar year are not "qualified
dividend income" and are subject to taxation at ordinary income rates.



Elections may be available
to mitigate the adverse tax rules that apply to PFICs (the so-called "QEF" and "mark-to-market" elections),
but these elections may accelerate the recognition of taxable income and may result in the recognition of ordinary income. The
Company has not decided whether it will provide the U.S. holders of the Company's common shares with the annual information required
to make a QEF election.



Additional special
adverse rules could apply to the Company's common shares if the Company is a PFIC and has a non-U.S. subsidiary that is also a
PFIC. Special adverse rules that impact certain estate planning goals could apply to the Company's common shares if the Company
is a PFIC.



The PFIC rules are
extremely complex, and shareholders are urged to consult their own tax advisers regarding the potential consequences to them of
the Company being classified as a PFIC.



Shareholders residing in the United
States could have difficulty or be unable to enforce certain civil liabilities on the Company, certain of the Company's directors
and the Company's experts.



The Company is a corporation
existing under the Canada Business Corporations Act. Many of the Company's assets are located outside of the United States.
Additionally, a number of the Company's officers, directors and the experts are residents of Canada. It might not be possible for
shareholders in the United States to collect judgments obtained in United States courts predicated on the civil liability provisions
of U.S. securities legislation. It could also be difficult for shareholders to effect service of process in connection with any
action brought in the United States upon such directors and experts. Execution by United States courts of any judgment obtained
against the Company, or any of directors, executive officers or experts of the Company, in United States courts would be limited
to the assets, or the assets of such persons or corporations, as the case might be, in the United States. The enforceability in
Canada of United States judgments or liabilities in original actions in Canadian courts predicated solely upon the civil liability
provisions of the federal securities laws of the United States is doubtful.



LEGAL PROCEEDINGS



No material legal proceedings
are pending as of December 31, 2012.



Page 61Brigus Annual Information Form 2012







INTEREST
OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS



There are no material
interests, direct or indirect, of any director, executive officer, or any shareholder who beneficially owns, directly or indirectly,
more than 10% of the outstanding Common Shares or any known associate or affiliate of such persons, in any transaction during the
three most recently completed financial years or during the current financial year which has materially affected or would materially
affect the Corporation or a subsidiary of the Corporation.



TRANSFER
AGENT AND REGISTRAR



CIBC Mellon Trust Company,
through its office in Toronto, Ontario, is the transfer agent and registrar for the Common Shares. Computershare Trust Company
of Canada, through its office in Halifax, Nova Scotia, is the transfer agent and registrar for the listed Common Share purchase
warrants and the indenture trustee and registrar for the Convertible Debentures.



MATERIAL
CONTRACTS



Except for contracts
made in the ordinary course of business, the following are the only material contracts entered into by the Corporation within the
most recently completed financial year prior to the date hereof, or which were entered into prior to such date and are currently
in effect and considered to be currently material:



| | (a) | Purchase Agreement dated November 9, 2010 between the Corporation and Sandstorm Resources Ltd.
referred to under "Description of the Business";
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | Warrant Indenture relating to the Common Share purchase warrants of the Corporation issued on October
19, 2010;
| | --- | ---------------------------------------------------------------------------------------------------------------



| | (c) | Warrant Indenture relating to the Common Share purchase warrants of the Corporation issued on November
19, 2009, as amended by a Supplemental Warrant Indenture dated June 25, 2010;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | the Convertible Debenture Indenture dated March 23, 2011 relating to the Convertible Debentures;
and
| | --- | ----------------------------------------------------------------------------------------------------



| | (e) | the Senior Secured Facility Agreement dated October 29, 2012 related to the Senior Secured Notes.
| | --- | -------------------------------------------------------------------------------------------------



Each of these agreements has been filed
and can be accessed online at www.sedar.com.



INTERESTS
OF EXPERTS



The auditors of the
Corporation, Deloitte LLP, prepared the Independent Auditor's Report to shareholders with respect to the consolidated Statement
of Financial Position of the Corporation as at December 31, 2012 and December 31, 2011 and the consolidated Statements of Operations
and Comprehensive Income, Consolidated Statements of Shareholder Equity and Cash Flows for the two year period ended December 31,
2012. Deloitte LLP is independent with respect to the Corporation within the meaning of the Rules of Professional Conduct of the
Institute of Chartered Accountants of Nova Scotia.



Page 62Brigus Annual Information Form 2012







The 2011 Black Fox
Technical Report was prepared by Tim Maunula, P. Geo., of Tetra Tech WEI Inc. ("Tetra Tech"), and included contributions
by the following persons, all of whom are representatives of Tetra Tech:



| | 1. | Karlis Jansons, P.Eng;
| | -- | ----------------------

| | 2. | Andrew Mackenzie, P.Eng;
| | -- | ------------------------

| | 3. | Charles Tkaczuk, P.Eng;
| | -- | -----------------------

| | 4. | Douglas Ramsey, R.P. Bio;
| | -- | -------------------------

| | 5. | Richard Hope, C.Eng;
| | -- | --------------------

| | 6. | Marvin Silva, Ph.D., P.Eng;
| | -- | ---------------------------

| | 7. | Peter Broad, P.Eng;
| | -- | -------------------

| | 8. | Pacifico Coruz, P.Eng;
| | -- | ----------------------

| | 9. | Phillip Bridson, P.Eng;
| | -- | -----------------------

| | 10. | Michael Gabora, P. Geo;
| | --- | -----------------------

| | 11. | Timothy Maunula, P.Geo.
| | --- | -----------------------



The preceding authors
of the 2011 Black Fox Technical Report are each a "qualified person" and were "independent" of the Corporation
as those terms are defined in NI 43-101 at the time the report was filed. The authors and their firm do not own any Common Shares.



The 2011 Goldfields
Technical Report was prepared by Tim Maunula, P. Geo., of Tetra Tech, and included contributions by the following persons, all
of whom are representatives of Tetra Tech:



| | 1. | Cliff Lusby, P.Eng.
| | -- | -------------------

| | 2. | Kyle Krushelniski, P.Eng.
| | -- | -------------------------

| | 3. | Dan A.Mackie, P.Eng.
| | -- | --------------------

| | 4. | Al Hayden, P.Eng.
| | -- | -----------------

| | 5. | Tim Maunula, P.Geo.
| | -- | -------------------

| | 6. | Paul Daigle, P.Geo.
| | -- | -------------------



The 147 and Contact
Zones 2012 Technical Report was prepared by Paul Daigle, P. Geo., and Laura Karrie, P.Geo. of Tetra Tech. Both authors of the 147
and Contact Zones 2012 Technical Report are each a "qualified person" and were "independent" of the Corporation
as those terms are defined in NI 43-101 at the time the report was filed. The authors and their firm do not own any Common Shares.



ADDITIONAL
INFORMATION



Additional information
relating to the Corporation may be found under the Corporation's profile on the System for Electronic Document Analysis and Retrieval
(SEDAR) at www.sedar.com.



Additional information,
including regarding directors' and officers' remuneration and indebtedness, principal holders of the Corporation's securities and
securities authorized for issuance under equity compensation plans, is contained in the Corporation's management information circular
dated April 13, 2012 and filed on SEDAR on May 1, 2012, in respect of the annual general meeting of shareholders of the Corporation
held on May 23, 2012. Additional financial information is also provided in the Corporation's Financial Statements and Management's
Discussion & Analysis for its most recently completed financial year.



Page 63Brigus Annual Information Form 2012







GLOSSARY
OF NON-TECHNICAL TERMS



"147 and Contact Zones 2012 Technical
Report" means the report entitled "Technical Report and Resource Estimate on the 147 and Contact Zones of the Black
Fox Complex, Ontario, Canada" dated October 26, 2012 prepared by Wardrop Engineering Inc., A Tetra Tech Company, Toronto,
Ontario and filed on SEDAR on November 1, 2012;



"2011 Black Fox Technical Report"
means the report entitled "Brigus Gold Corp. Black Fox Project National Instrument 43-101 Technical Report" dated January
6, 2011 prepared by Wardrop Engineering Inc., A Tetra Tech Company, Toronto, Ontario and filed on SEDAR on January 7, 2011 pursuant
to the provisions of National Instrument 43-101 in respect of the Black Fox Project;



"Brigus" means Brigus
Gold Corp.;



"Common Share" means a
common share in the capital of the Corporation;



"Company" means Brigus
Gold Corp.;



"Corporation" means Brigus
Gold Corp.;



"Financial Statements"
means the Corporation's audited consolidated financial statements as at December 31, 2012, together with the notes thereto;



"NI 43-101" means National
Instrument 43-101 – Standards of Disclosure for Mineral Projects;



"SEC Industry Guide 7"
meansU.S. reporting guidelines that apply to registrants engaged or to be engaged in significant mining operations; and



"Stock Option Plan" means
the Corporation's stock option plan providing for the granting of incentive options to the Corporation's directors, officers, employees
and consultants in accordance with the rules and policies of the Exchange.



GLOSSARY
OF TECHNICAL TERMS



This glossary comprises
a general list of common technical terms that are typically used by geologists. The list has been edited to conform in general
to actual usage in the body of the AIF. Readers should refer to more comprehensive dictionaries of geology in printed form or available
on the internet for a complete glossary.



brecciarock consisting of angular
fragments of other rocks held together by mineral cement or a fine grained matrix;



doréunrefined gold bullion
bars containing various impurities such as silver, copper and mercury, which will be further refined to near pure gold;



faulta rock fracture along which
there has been displacement;



feasibility studya definitive engineering
and economic study addressing the viability of a mineral deposit taking into consideration all associated technical factors, costs,
revenues, and risks;



folda curve or bend of a planar
structure such as rock strata, bedding planes, foliation, or cleavage;



Page 64Brigus Annual Information Form 2012







formationa distinct layer of sedimentary
rock of similar composition;



gradequantity of metal per unit
weight of host rock;



host rockthe rock containing a
mineral or an ore body;



hydrothermalthe products of the
actions of heated water, such as a mineral deposit precipitated from a hot solution;



induced polarizationan exploration
method which uses either the decay of an excitation voltage (time-domain method) or variations in the Earth's resistivity at two
different but low frequencies (frequency-domain method);



maficpertaining to or composed
dominantly of the ferromagnesian rock-forming silicates; said of some igneous rocks and their constituent minerals;



mapping or geologic mappingthe
recording of geologic information such as the distribution and nature of rock units and the occurrence of structural features,
mineral deposits, and fossil localities;



metamorphismthe process by which
rocks are altered in composition, texture, or internal structure by extreme heat, pressure, and the introduction of new chemical
substances;



metasedimentsediment or sedimentary
rock that shows evidence of having been subjected to metamorphism;



minerala naturally formed chemical
element or compound having a definite chemical composition and, usually, a characteristic crystal form;



mineralizationa natural occurrence
in rocks or soil of one or more metal yielding minerals;



miningthe process of extraction
and beneficiation of mineral reserves to produce a marketable metal or mineral product. Exploration continues during the mining
process and, in many cases, mineral reserves are expanded during the life of the mine operations as the exploration potential of
the deposit is realized;



open pitsurface mining in which
the ore is extracted from a pit or quarry, the geometry of the pit may vary with the characteristics of the ore body;



oremineral bearing rock that can
be mined and treated profitably under current or immediately foreseeable economic conditions;



ore bodya mostly solid and fairly
continuous mass of mineralization estimated to be economically mineable;



outcropthat part of a geologic
formation or structure that appears at the surface of the earth;



pyritecommon sulfide of iron;



quartza mineral composed of silicon
dioxide, SiO2 (silica);



reclamationthe process by which
lands disturbed as a result of mining activity are modified to support beneficial land use. Reclamation activity may include the
removal of buildings, equipment, machinery and other physical remnants of mining, closure of tailings storage facilities, leach
pads and other mine features, and contouring, covering and revegetation of waste rock and other disturbed areas;



Page 65Brigus Annual Information Form 2012







reclamation and closure coststhe
cost of reclamation plus other costs, including without limitation certain personnel costs, insurance, property holding costs such
as taxes, rental and claim fees, and community programs associated with closing an operating mine;



recovery ratea term used in process
metallurgy to indicate the proportion of valuable material physically recovered in the processing of ore, generally stated as a
percentage of the material recovered compared to the total material originally present;



sedimentary rockrock formed at
the earth's surface from solid particles, whether mineral or organic, which have been moved from their position of origin and redeposited;



stockworka complex system of structurally
controlled or randomly oriented veins;



strikethe direction or trend that
a structural surface, e.g. a bedding or fault plane, takes as it intersects the horizontal;



stripto remove overburden in order
to expose ore;



sulfidea mineral including sulphur
(S) and iron (Fe) as well as other elements; metallic sulphur-bearing mineral often associated with gold mineralization;



veina thin, sheet-like crosscutting
body of hydrothermal mineralization, principally quartz; and



volcanic rockoriginally molten
rocks, generally fine grained, that have reached or nearly reached the earth's surface before solidifying.



Page 66Brigus Annual Information Form 2012







SCHEDULE A
SUMMARY OF 2011 BLACK FOX TECHNICAL REPORT



| | 1.1 | Introduction
| | --- | ------------



Wardrop, A Tetra Tech
Company (Wardrop) was commissioned by Brigus to prepare a Mineral Resource and Mineral Reserve Estimate and Feasibility Study,
compliant with National Instrument 43-101 (NI 43-101), of the Black Fox open pit and underground gold project (Black Fox) in Timmins,
Ontario, Canada. Black Fox is located approximately 10 kilometres (km) east of the town of Matheson, Ontario, Canada along the
east-west trending 200 km Destor-Porcupine Fault Zone (DPFZ).



This Feasibility Study
is intended for the use of Brigus for the further development and expansion of Black Fox open pit and underground mine operation.
This report meets the requirements for NI 43-101 and the Resource and Reserves definitions as set forth in the Appendix to Companion
Policy 43-101CP, Canadian Institute of Mining, Metallurgy and Petroleum (CIM) – Definitions Adopted by CIM Council, November
2005.



| | 1.2 | Geology
| | --- | -------



The Black Fox deposit
is described by Prenn (2006) as follows:



"Gold mineralization at the
Black Fox deposit occurs in several different geological environments within the main ankerite alteration zone, which has an indicated
strike length of over 1000 m and a variable true width ranging from 20 to over 100 m. This mineralized envelope occurs primarily
within komatiitic ultramafics and lesser mafic volcanics within the outer boundaries of the Destor-Porcupine Fault Zone. The auriferous
zones have several modes of occurrence; from concordant zones which follow lithological contacts and which have been subsequently
deformed, to slightly discordant ones which are associated with syenitic sills and quartz veins or stockworks."



For this study, the
mineralization is subdivided into three main domains based on the continuity and style of the mineralization. The first is called
the "Main Zone" and is delineated by the primary domain of shearing and mineralization. It is broader near surface
reaching a maximum true width of 150 metres ("m") normal to strike and dip and narrows at depth. It averages approximately
80 m normal to strike and dip and has currently been drill tested to 600 m below surface. Within the "Main Zone",
the mineralization occurs along both a foliated fabric cut by discrete shear zones and as stockwork carbonate veining. The second
mineralization domain is called the "Flow Zones". This mineralization occurs as numerous sigmoid and lens shaped
bodies completely hosted within or adjacent to the "Main Zone". The gold mineralization within these bodies has
good geologic and grade continuity. The rock is distinctive with strong foliation, pervasive shearing and can be correlated reasonably
well between adjacent drill holes. The third mineralization domain is High Grade (HG) Indicator Zone. This was a probabilistic
approach to define the zones of mineralization over 2 grams per tonne (gpt) gold (Au). This HG Indicator Zone was constrained within
the Main Zone and overlapped at times on the Flow Zone. Each of the three mineralization domains was modeled independently.



Page A-1Brigus Annual Information Form 2012







| | 1.3 | Mineral Resource
| | --- | ----------------



| | 1.3.1 | Estimation Methods
| | ----- | ------------------



The Black Fox deposit
has been estimated using current block modeling techniques in Gemcom© GEMS 6.2.4. This included proper geologic input, appropriate
block model cell sizes, grade capping, assay compositing and reasonable interpolation parameters. The results have been verified
by visual review and statistical comparisons between the estimated block grades and the composites used to assign them. The ordinary
kriging models have also been validated with alternate estimation methods: Nearest Neighbour and Inverse Distance Weighting. No
biases have been identified in the model.



| | 1.3.2 | Resource Classification
| | ----- | -----------------------



The Mineral Resources
are classified under the categories of Measured, Indicated and Inferred Mineral Resources according to CIM guidelines. Classification
of the Resources reflects the relative confidence of the grade estimates, as a function of many factors including primarily; assay
data quality, QA/QC procedures, quality of density data, and sample spacing relative to geological and geo-statistical observations
regarding the continuity of mineralization.



No environmental, permitting,
legal, title, taxation, socio-economic, marketing or other relevant issues are known to the author that may affect the estimate
of mineral resources.



The resource model
blocks were classified into Indicated and Inferred categories based on the level of confidence in the grade estimate for each block.
This was accomplished with a combination of two main criteria: the number of drill holes (which in part reflects the number of
samples used) and the distance to the nearest of the sample points.



Indicated Resources
were categorized based on a minimum of three drill holes when the nearest sample point was less than or equal to 20 m. The remaining
blocks were classified as Inferred Resources. No blocks were categorized as Measured.



| | 1.3.3 | Resource Statement
| | ----- | ------------------



The mineralization
of the Black Fox mine as of October 31, 2010 is classified as Indicated and Inferred resources. The classified mineral resources
are shown in Table 1.1. The mineral resource is reported at a 0.88 gpt Au cut-off grade for the open pit and at 2.54 gpt Au cut-off
grade for the underground. These cut-offs have been developed by mine engineering as outlined in Section 19.



All blocks historically
mined underground were depleted and not included in the reported resource. The open pit survey provided by Brigus as of October
31, 2010 has been depleted from the resource statement.



Page A-2Brigus Annual Information Form 2012







| | Table 1 | Resource Statement, Black Fox Mine (at Oct 31, 2010)
| | ------- | ----------------------------------------------------



|Mining Potential |  | Block Model |  | Cutoff (gpt Au) |  | Resource Class |  | Tonnes |           |  | Capped Au (gpt) |  |       | Contained Au (koz) | 
|---------------- |  | ----------- |  | --------------- |  | -------------- |  | ------ | --------- |  | --------------- |  | ----- | ------------------ | 
|Open Pit         |  | 2009A       |  | >=0.88          |  | Indicated      |  |        | 3,164,200 |  |                 |  | 4.445 |                    | 
|                 |  |             |  | >=0.88          |  | Inferred       |  |        | 667,100   |  |                 |  | 2.61  |                    | 
|Underground      |  | 2009A_4M    |  | >=2.54          |  | Indicated      |  |        | 2,504,800 |  |                 |  | 7.182 |                    | 
|                 |  |             |  | >=2.54          |  | Inferred       |  |        | 115,200   |  |                 |  | 5.816 |                    | 
|Total Indicated  |  |             |  |                 |  |                |  |        | 5,669,000 |  |                 |  | 5.654 |                    | 
|Total Inferred   |  |             |  |                 |  |                |  |        | 782,300   |  |                 |  | 3.082 |                    | 



The resource contains an Indicated Resource
of 1,031.4 koz and Inferred Resource of 77.5 koz of gold.



| | Table 2 | Reserve Statement, Black Fox Mine (at Oct 31, 2010)
| | ------- | ---------------------------------------------------



|Zone      |  | Classification  |  | Recovery % |    |   | Tonnes |  |           | Au gpt |  |  | Au oz | 
|--------- |  | --------------- |  | ---------- | -- | - | ------ |  | --------- | ------ |  |  | ----- | 
|Pit       |  | Probable        |  |            | 95 | % |        |  | 3,159,800 |        |  |  | 3.228 | 
|U/G       |  | Probable        |  |            | 95 | % |        |  | 2,936,000 |        |  |  | 5.933 | 
|Stockpile |  | Proven          |  |            |    |   |        |  | 352,068   |        |  |  | 1.630 | 
|Total     |  | Proven/Probable |  |            |    |   |        |  | 6,447,868 |        |  |  | 4.372 | 



The Proven/Probable reserve contains 906,375
oz of gold as of October 31, 2010 (Table 1.2).



| | 1.4 | Mineral Processing and Metallurgical Testing
| | --- | --------------------------------------------



The mill is currently
treating 2,000 t/d of Black Fox ore (the range of daily mill feed is between 1,500 and 2,200 tonnes), with gold recoveries around
94%. This is confirmed by the gold shipment receipts from Johnson Matthey.



On occasions when the
mill is operated above 2,200 t/d there is a significant drop in recovery, and it has been confirmed using Metsim® (a commercial
Computer simulation program) that this decline in recovery could be prevented by replacing the present primary mill with a Semi-autogenous
grinding unit.



A review of limited
grinding data, also suggests that crowding of the cyclones is causing some fine material to pass the underflow in the secondary
grinding circuit. A more thorough review of the grinding and leach circuit to determine the optimum leach size, may improve throughput
sufficiently to treat as much ore as the mine produces, without custom milling or new equipment purchases.



The mill currently includes:



| | · | Primary and secondary crushing
| | - | ------------------------------

| | · | Two stage ball milling, with one primary mill and two secondary mills, all in closed circuit
| | - | --------------------------------------------------------------------------------------------

| | · | A pre-leach thickener and two parallel lines of three carbon columns in each
| | - | ----------------------------------------------------------------------------

| | · | A leach and carbon in leach circuit providing 24 hours of residence time
| | - | ------------------------------------------------------------------------



Page A-3Brigus Annual Information Form 2012







| | · | A carbon in pulp circuit extracting 3 tonnes of carbon per day
| | - | --------------------------------------------------------------

| | · | Two carbon strip and regeneration circuits (one of 1 t/d capacity and the other of 3 t/d)
| | - | -----------------------------------------------------------------------------------------

| | · | A electro-winning circuit and gold bullion (dore) furnace.
| | - | ----------------------------------------------------------



| | 1.5 | Mining Operations
| | --- | -----------------



| | 1.5.1 | Support Services
| | ----- | ----------------



Black Fox mining operations
will be supported by various infrastructure systems. Electrical power being supplied by Hydro One will serve as the principle source
of energy. Propane will provide mine air heating and liquid fuels will be used primarily for mobile equipment. Compressed air,
mine de-watering and electrical power distribution as well as communications have been incorporated into the overall plant design.
Modifications and upgrades will be made to support the expansion of mining activities as required.



A sufficient number
of quality facilities including change houses, offices, warehousing, security, etc. are available to meet the needs of daily mine
operations and support personnel.



Underground refuge
stations have been outfitted in accordance with provincial and national requirements. A sufficiently staffed and trained mine rescue
team will be in place to support mining activities. Evacuation signalling will be primarily by Stench gas (methyl mercaptine) injecting
into the ventilation fresh air streams.



| | 1.5.2 | Hydrogeology
| | ----- | ------------



Extensive hydrogeologic
studies have been completed at the site to evaluate groundwater seepage into the proposed open pit and underground mine workings.
From the available information, it can be concluded that:



| | · | The bedrock associated with the open pit is largely (if not completely) dewatered already as a
result of underground mine dewatering operations.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Groundwater seepage may develop along the western and southern walls of the pit at the contact
between the more-permeable overburden/weathered upper bedrock and the underlying less-permeable, competent bedrock.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | These groundwater inflows are anticipated to be within or close to the predicted values, but greater
than what has been experienced to date.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------

| | · | Existing monitoring data suggest that Froome Lake has not been measurably impacted by mine dewatering.
| | - | ------------------------------------------------------------------------------------------------------

| | · | Existing hydrogeologic data support the conclusion that seepage from Froome Lake to the groundwater
system is small and that low permeability lake bed materials are limiting the flow to the groundwater system.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Regardless, seepage from Froome Lake to the groundwater system could increase as mining progresses
and groundwater level lowering in the overburden increases hydraulic gradients between the lake and the overburden groundwater
system.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | The magnitude of the change in seepage will be limited by the low permeability lake bed materials.
| | - | --------------------------------------------------------------------------------------------------

| | · | Groundwater level and lake level monitoring programs will continue to monitor for potential impacts
to the shallow groundwater system and nearby lakes.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | The current water management strategy for the open pit is effective and should continue to be effective
and consistent with operational cost projections.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------



Page A-4Brigus Annual Information Form 2012







| | · | Future pit phases may require use of the designed sumps and pumping systems.
| | - | ----------------------------------------------------------------------------



| | 1.6 | Environmental Considerations
| | --- | ----------------------------



The environmental permits necessary for
development/operation of the mine and mill include:



| | · | Permit to Take Water (PTTW) – for the withdrawal of surface or ground water quantities in
excess of 50 cubic metres (m3) per day – including mine underground or open pit dewatering.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Certificate of Approval/Air (CofA/Air) – for treatment and discharge of emissions to air,
including management of dust and noise in emissions.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------

| | · | Certificate of Approval/Industrial Sewage Works (CofA/ISW) – for collection, treatment, and
discharge of wastewaters.
| | - | ---------------------------------------------------------------------------------------------------------------------

| | · | Approved Closure Plan including posting of financial assurance for closure.
| | - | ---------------------------------------------------------------------------



The Black Fox operation
is fully permitted and maintains separate PTTW's, CofA/ISW, and CofA/Air for the mine and the mill. The mine and mill were previously
under separate ownership and the facilities were permitted separately. The permits for these facilities were acquired with the
properties and have been amended as the operations have evolved, maintaining the separate permitting for the sites.



| | 1.7 | Financial Analysis
| | --- | ------------------



Project economics have
been evaluated as of Jan. 1, 2011, and have been reconciled against reserves reported as of Oct 31, 2010. Refer to Section 19,
Table 19.1.



Black Fox Life of Mine
(LOM) capital costs totalling US$74.8million are summarized in Table 1.3. Details supporting the Black Fox budgeted capital costs
are discussed in Section 23. Capital costs for 2011 are US$34.9million. Ongoing capital accounts for the remaining mine life. Capital
cost estimates are in 2011 US constant dollar terms.



| | Table 3 | LOM Capital Costs (US$000s)
| | ------- | ---------------------------



|Description       |  | 2011 Capital (US$000s) |          |  | Ongoing Capital (US$000s) |   |          | LOM Total (US$000s) | 
|----------------- |  | ---------------------- | -------- |  | ------------------------- | - | -------- | ------------------- | 
|Open Pit Mine     |  | $                      | 6,233.1  |  |                           | $ | 5,514.3  |                     | 
|Underground Mine  |  | $                      | 28,156.9 |  |                           | $ | 33,980.3 |                     | 
|Environment       |  | $                      | 91.4     |  |                           | $ | 114.3    |                     | 
|Mill              |  | $                      | 441.9    |  |                           | $ | 285.7    |                     | 
|Total LOM Capital |  | $                      | 34,923.3 |  |                           | $ | 39,894.6 |                     | 

Black Fox LOM operating costs are summarized in Table 1.4. Operating cost estimates are in 2011 US constant dollar terms.



Page A-5Brigus Annual Information Form 2012







| | Table 4 | Cash Operating Cost Summary
| | ------- | ---------------------------



|Description        |  | Unit Cost (US$/tonne milled) |       |  | Unit Cost (US$/tonne mined/milled) |   |      | Unit Cost (US$/tonne 
    ore mined) |  |   | LOM Average (US$/tonne
 milled) |  |  | LOM 
Total (US$000s) |          
|------------------ |  | ---------------------------- | ----- |  | ---------------------------------- | - | ---- | ------------------------------------ |  | - | ------------------------------- |  |  | -------------------- | ---------
|Open Pit Mining    |  |                              |       |  |                                    |   |      |                                      |  | $ | 2.60                            |  |  | $                    | 14.50    
|Underground Mining |  |                              |       |  |                                    |   |      |                                      |  | $ | 56.48                           |  |  | $                    | 26.47    
|Ore Handling       |  | $                            | 5.31  |  |                                    |   |      |                                      |  |   |                                 |  |  | $                    | 5.31     
|Mill               |  | $                            | 13.83 |  |                                    |   |      |                                      |  |   |                                 |  |  | $                    | 13.83    
|Assay Lab          |  |                              |       |  |                                    | $ | 0.98 |                                      |  |   |                                 |  |  | $                    | 1.93     
|Site G&A           |  |                              |       |  |                                    | $ | 2.50 |                                      |  |   |                                 |  |  | $                    | 4.91     
|Total              |  |                              |       |  |                                    |   |      |                                      |  |   |                                 |  |  | $                    | 66.94/t  
|                   |  |                              |       |  |                                    |   |      |                                      |  |   |                                 |  |  | $                    | 502/Au oz

*Mined/Milled is the total tonnes
of the pit plus underground mined plus the total milled.



| | 1.7.1 | Technical-Economic Results
| | ----- | --------------------------



The technical-economic
results are based upon work performed by Brigus Black Fox engineers and consultants and has been audited by Wardrop. All costs
are in 2011 US constant dollars. The economic model developed by Wardrop is pre-tax and assumes 100% equity to provide a clear
picture of the technical merits of the project.



The Wardrop LOM plan and economics are
based on the following:



| | · | A gold price of US$1200/oz for 88% of accountable ounces and US$500/oz for 12% of accountable ounces
(Sandstorm Agreement).
| | - | ---------------------------------------------------------------------------------------------------------------------------



| | · | Probable reserves, no resources are included.
| | - | ---------------------------------------------



| | · | A mine life of 8.55 years, at a designed rate of 730,000 t/a milled.
| | - | --------------------------------------------------------------------



| | · | An overall average metallurgical recovery rate of 94% Au, over the LOM.
| | - | -----------------------------------------------------------------------



| | · | A cash operating cost of US$66.94/t milled, US$502/oz Au.
| | - | ---------------------------------------------------------



| | · | LOM capital costs are budgeted to be US$74.8 million being comprised of US$11.7 million for the
open pit, US$62.1 million for the underground mine, US$0.2million for environmental and US$0.7 million for the mill.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | No salvage value is modeled.
| | - | ----------------------------



The base case economic
analysis results, shown in Table 1.5, indicate a pre-tax undiscounted cash flow of US$439.0 million and Net Present Value (NPV)
of US$359.4million at a 5% discount rate.





Page A-6Brigus Annual Information Form 2012







| | Table 5 | Technical Economic Results ($000s) (at Jan 1, 2011)
| | ------- | ---------------------------------------------------





|Description                       |  | Technical Input or Result
|--------------------------------- |  | -------------------------
|Ore                              
|Open Pit                         
|Waste                             |  | 31,742,315 t             
|Ore                               |  | 3,101,515 t              
|Total                             |  | 34,843,830 t             
|Grade                             |  | 3.213 gpt Au             
|Contained Gold                    |  | 320,370 oz               
|Underground                      
|Total Development                 |  | 10,166 m                 
|Ore                               |  | 2,928,318 t              
|Grade                             |  | 5.936 gpt Au             
|Contained Gold                    |  | 558,849 oz               
|Mill                              |  |                          
|Ore Treated                       |  |                          
|Mill tonnes                       |  | 6,248,669 t              
|Ore Grade                         |  | 4.419 gpt Au             
|Contained Gold                    |  | 887,754 oz               
|Recovered Gold @ 94%              |  | 834,488 oz               
|Revenue ($000s)                  
|Gross Revenue                     |  | $933,241                 
|Refining & Transportation Charges |  | ($1,097)                 
|Net Smelter Return                |  | $932,144                 
|Royalty                           |  | $0                       
|Gross Income From Mining          |  | $932,144                 
|Realized Price (Gold)             |  | US$1118/oz Au            
|Operating Cost ($000s)           
|Open Pit Mine                     |  | ($90,594)                
|Underground Mine                  |  | ($165,391)               
|Ore Handling                      |  | ($33,180)                
|Mill                              |  | ($86,419)                
|Assay Lab                         |  | ($12,033)                
|G&A                               |  | ($30,696)                
|Operating Costs                   |  | ($418,314)               
|                                  |  | US$502/oz Au             
|                                  |  | US$66.94/t milled        
|Cash Operating Margin             |  | $513,829                 
|                                  |  | US$616/oz Au             
|                                  |  | US$82.23/t milled        
|Capital Cost                     
|Open Pit                          |  | ($11,747)                
|Underground Mine                  |  | ($62,137)                
|Environment                       |  | ($206)                   
|Mill                              |  | ($728)                   
|Total Capital                     |  | ($74,818)                
|Cash Flow                         |  | $439,012                 
|(NPV5%)                           |  | $359,386                 





Page A-7Brigus Annual Information Form 2012







A sensitivity analysis
was performed for key economic parameters, which are shown below in Table 1.6. This analysis suggests that the project is most
sensitive to gold price. Operating costs are slightly more sensitive than capital costs due to the many operating functions associated
with the project.



| | Table 6 | Project Sensitivity (NPV5%, US$000's)
| | ------- | -------------------------------------



|Description     |  |   | -20%    |  |  |   | -10%    |  |  |   | Base Case |  |  |   | +10%    |  |  |   | +20%    | 
|--------------- |  | - | ------- |  |  | - | ------- |  |  | - | --------- |  |  | - | ------- |  |  | - | ------- | 
|Gold Price      |  | $ | 210,506 |  |  | $ | 284,946 |  |  | $ | 359,386   |  |  | $ | 433,826 |  |  | $ | 508,265 | 
|Operating Costs |  | $ | 431,395 |  |  | $ | 395,391 |  |  | $ | 359,386   |  |  | $ | 323,381 |  |  | $ | 287,376 | 
|Capital Costs   |  | $ | 373,181 |  |  | $ | 366,283 |  |  | $ | 359,386   |  |  | $ | 352,488 |  |  | $ | 345,591 | 

The breakeven gold price was determined to be US$602/oz.



| | 1.8 | Recommendations
| | --- | ---------------



Black Fox should continue to be developed.
The following are Wardrop's recommendations.



| | 1.8.1 | Mineral Resource
| | ----- | ----------------



The work by Brigus has been found to follow
industry accepted practices. Two areas were identified as opportunities to refine the mineral resource:



| | · | Wardrop recommends further specific gravity analysis by rock types and mineralization styles to
confirm that one value is appropriate for the whole model.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Pitard (2005) conclusions on sampling identified that the drillhole data is likely biased and will
likely underestimate the contained gold within the deposit. Wardrop agrees with Pitard's work and recommends that a comprehensive
grade control procedure be prepared to address the sampling issues be established for the Black Fox mine. This will facilitate
the delineation of ore and waste and the reconciliation between the resource, reserve and milled grade.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 1.8.2 | Geotechnical
| | ----- | ------------



Pro-active geotechnical
monitoring is recommended for all stages of pit and underground development. The monitoring program should be implemented as a
staged approach and include detailed geotechnical and tension crack mapping, as well as a suitable combination of surface displacement
monitoring (surface prisms) and piezometers.



Sufficient staffing
resources should be allocated to collect, process and interpret the geotechnical monitoring data on a weekly basis or as frequently
as required. The timely identification of accelerated movements from surface displacement monitoring and tension cracks will be
critical.



Up-to-date reports
on the status of highwall stability should be compiled and discussed regularly with operations personnel. These reports will also
assist mine engineering staff with their efforts to optimize final pit slopes and improve the effectiveness of the controlled blasting
program.



All seeps and springs
should be inspected, mapped and photographed. Large-scale structures should be characterized and monitored as they have the potential
to develop into tension cracks.



Page A-8Brigus Annual Information Form 2012





| | 1.8.3 | Mineral Processing and Metallurgical Testing
| | ----- | --------------------------------------------



One option to reduce
the mean particle size entering the leach circuit has been presented by DMA. This is to replace the current "primary"
mill with a Semi-Autogenous (SAG) mill, with a wrap-around motor.



This is a viable option,
but could incur significant costs, and the plant would need to operate on reduced tonnage while new foundations were installed.
Wardrop suggests a more thorough review of the existing circuit.



Mill data collected
on Sept 17th suggests that too much of the fines are misdirected to the secondary mills, and that minor changes to the
cyclones may be an effective solution.



If this is insufficient
then there remains the option of re-drilling the primary mill shell bolt holes, This would permit the installation of heavier liners
using larger fastening bolts, and would permit the mill to operate using larger (heavier) grinding balls.



Although the mill site
tailings facility has been designed for future expansion, it is recommended that the expansion design be reviewed based upon increased
ore milling and tails loading to the structure. This should include a detailed evaluation of facility volumetrics and dam structural
design capacity. Furthermore, the Phase 5 water management pond design should be evaluated for stability as well as discharge pumping
requirements under peak storm/snow melt events. Based upon these analyses recommendations will be provided to upgrade the facility
for the additional loading, if needed.



As discussed in Section
25 of this report, Brigus should consider placing a low permeable liner system below the ore stockpile area at the mill site. A
costing analysis should be conducted to evaluate increased gold yield from contact water vs. liner installation cost.



| | 1.8.4 | Mining Operations
| | ----- | -----------------



Given that the surface
mining operations are underway and procedures well established there are no major recommendations to improve the operations. It
will be important, however, to monitor the procedure for the safe working of the underground old workings to ensure the risks are
minimized. This also has an impact on the dilution and recovery of the ore, so close monitoring and reconciliation of tonnages
and grade between mine and mill is particularly important.



Presently, the rock
stockpiles and soil overburden stockpile appear stable. However, it should be expected that the rock stockpiles will experience
additional load due to the underground mine development. Analyses should be conducted to evaluate the stockpile remaining design
capacity and required additional capacity if needed based upon projected waste rock generation. In addition, stability analyses
will need to be updated based upon added stockpile tonnage. Best management surface water and erosion controls also will also require
re-evaluation and updating if stockpile expansions are required. Unless Brigus plans future expansion of the pit, it is expected
that the present overburden stockpile configuration will not be significantly altered and therefore should not require any design
or operational changes.



| | 1.8.5 | Underground Mine Design
| | ----- | -----------------------



Wardrop recommends
a review to optimize the underground design, specifically the migration of main accesses – from the hanging wall (in the
current design) to the footwall. A trade-off study should be carried out to identify the advantages and disadvantages of either
location, plus optimization of the location of a single ramp access to serve both the East and West Zones.



| | 1.8.6 | Environmental Considerations
| | ----- | ----------------------------



The dirty waste rock
stockpile may need to be expanded due to planned underground mining development. This will result in increased contact water inflow
to the holding pond. The holding pond capacity should therefore be reviewed, and based upon future peak load conditions expanded
if required. Also, the structural capacity of perimeter dams should be evaluated based upon the additional load profile.



Page A-9Brigus Annual Information Form 2012







SCHEDULE B
SUMMARY OF 147 AND CONTACT ZONES 2012 TECHNICAL REPORT



| | 1.1 | Summary
| | --- | -------



Tetra Tech was retained by Brigus
Gold Corp. (Brigus) to provide a new mineral resource estimate in accordance with the Canadian Institute of Mining, Metallurgy
and Petroleum (CIM) Best Practices for the Contact and 147 Zones of the Black Fox Complex (the Project or the Property), and disclose
the estimate in a technical report, prepared in accordance with National Instrument 43-101 (NI 43-101) and Form 43-101F1.



The following report is an updated
technical report and resource estimate on the Contact and 147 Zones of the Black Fox Complex of northeastern Ontario, Canada, situated
approximately 75 km east of Timmins, and 12 km east-southeast of Matheson.



| | 1.2 | Property Description
| | --- | --------------------



The Property is consists of 40
land parcels and 22 patented mining leases and covers an area of 1,897 ha.



The Contact and 147 Zones are
situated within two land parcels in the southeastern part of the Property, Parcels 3852 and 16262, and covers an area of 61.14
ha. Brigus holds both the mineral rights and the surface rights to these parcels. The Project is situated at roughly 48° 30'
20" north latitude, 80° 18' 20" west longitude.



| | 1.3 | Geology and Mineralization
| | --- | --------------------------



The Project is located within
a district-wide, north-northwest trending, down-dropped block located in the north end of the Timiskaming Graben Structure. The
down-drop accommodated a thicker accumulation of Proterozoic and Paleozoic sediments, which significantly reduced the Archean strata
exposure to erosion. This has resulted in the preservation of an unusually greater vertical extent of an Archean lode gold depositional
system than normally encountered in the majority of Shield areas worldwide, and there are very few examples of these high-level
gold deposits. The Contact and 147 Zones show characteristics of high-level, brittle-style mineralization, and show similar geological
features noted at the past producing Ross Gold mine nearby.



| | 1.3.1 | Contact Zone Mineralization
| | ----- | ---------------------------



The gold mineralization of the
Contact Zone occurs dominantly in the brecciated zones above the sediment contacts. The higher grade appears as "free gold"
in the silica- and albite-altered sections with late-stage reddish-white calcite/ankerite veinlets containing 0.5 mm pyrite stringers
(Di Prisco 1996).



Metallic mineralization of the
Contact Zone is mainly pyrite. Di Prisco (1996) analyzed seven samples in thin-section and noted that minor amounts of arsenopyrite,
chalcopyrite and pyrrhotite were intergrown with the pyrite. He also noted that the pyrite formed as disseminated grains of subhedral
to euhedral crystals along hairline fractures.





Page B-1Brigus Annual Information Form 2012







The brecciated quartz cement
and veinlets were noted to be "peppered" with fine grain flakes and "rosettes" of molybdenite. One other note
was that molybdenite was normally associated with the pyrite and observed to be locally overgrown by pyrite. Di Prisco (1996) concluded
that there was a direct correlation between the gold precipitation and molybdenite occurrence, with or without pyrite.



| | 1.3.2 | 147 Zone Mineralization
| | ----- | -----------------------



The gold mineralization known
as the 147 Zone is located principally in areas of intense fracturing, micro-brecciation, and brecciation, and where the fractures
and breccia interstices are filled and cemented by bluish-gray, cherty, zoned, pyrite quartz stringers veinlets.



Veinlet frequency and particularly
orientation is difficult to accurately determine in the drill core, however a limited number of oriented drillholes suggest networks
or arrays of sub-parallel veinlets in the core area of the 147 Zone with a frequency of approximately two to four of the wider
veinlets per true width of one metre of core. The intervening rocks are intensely brecciated, and generally mineralized with finely
disseminated and fracture pyrite within an assortment of variably altered fragments.



| | 1.4 | Status of Exploration
| | --- | ---------------------



In 2010, Brigus completed an
airborne magnetic gradient geophysical survey and a Titan 24-Deep induced polarization (IP) geophysical survey on the Property.



In 2012, Brigus completed a more
detailed airborne three-axis magnetic geophysical survey over the Property.



The majority of the exploration
work on the Project area was diamond core drilling and is summarized in Table 1.1.



| | Table 1.1 | Summary of Brigus Drilling by Year and Target
| | --------- | ---------------------------------------------



|Year     |     | Number of
        Drillholes |           | Length
        (m) |                | Target      
|-------- | --- | ---------------------------- | --------- | ------------------ | -------------- | ------------
|2008     |     | 14                           |           | 3,063.00           |                | Contact Zone
|         | 2   |                              | 652.00    |                    | Hislop North  
|Subtotal |     | 16                           |           | 3,715.00           |                | -           
|2009     |     | 53                           |           | 9,961.00           |                | Contact Zone
|Subtotal |     | 53                           |           | 9,961.00           |                | -           
|2010     |     | 34                           |           | 12,697.78          |                | Contact Zone
|         | 7   |                              | 3,139.00  |                    | 147 Zone      
|         | 14  |                              | 5,123.35  |                    | Gibson        
|         | 3   |                              | 1,503.00  |                    | Grey Fox South
|         | 11  |                              | 4,336.36  |                    | Hislop North  
|Subtotal |     | 69                           |           | 26,799.49          |                | -           
|2011     |     | 145                          |           | 58,236.48          |                | Contact Zone
|         | 77  |                              | 27,230.40 |                    | 147 Zone      
|         | 7   |                              | 2,733.00  |                    | Grey Fox South
|         | 35  |                              | 11,062.55 |                    | Gibson        
|         | 10  |                              | 2,681.00  |                    | Whiskey Jack  
|Subtotal |     | 274                          |           | 101,943.43         |                | -           
|2012     |     | 52                           |           | 14,969.20          |                | Contact Zone
|         | 132 |                              | 30,111.00 |                    | 147 Zone      
|         | 27  |                              | 10,527.00 |                    | Grey Fox South
|Subtotal |     | 211                          |           | 55,607.20          |                | -           
|Total    |     | 623                          |           | 198,026.12         |                | -           



Note: Gibson includes Gibson Shear
and Gibson South.
Footwall: Statistics current as of 14 August, 2012





Page B-2Brigus Annual Information Form 2012







| | 1.5 | Resource Estimate
| | --- | -----------------



Tetra Tech completed the mineral
resource estimation using Gemcom GEMSTM v. 6.4.1 (GEMSTM) desktop software for the Project. Paul Daigle, P.Geo. of Tetra
Tech is the qualified person (QP) responsible for this updated resource estimate of the 147 and Contact Zone deposits.



The effective date of this resource
estimate is August 14, 2012.



The dataset imported into GEMSTM
contained information from 687 drill holes totalling 218,274.6 m. The subset of data used for the resource estimates consisted
of 488 completed drill holes totalling 151,704.1 m of drilling. A total of 47,107 assay records and 74,008 composited records were
used for the resource estimate. The maximum drill hole length within the Contact and 147 Zones is 891.0 m and the average length
is 317.7 m.



The Contact and 147 Zones mineralization
of the Black Fox Complex is classified as having both Indicated and Inferred Resources. The two zones were estimated using both
Inverse Distance Squared (ID2) and Ordinary Kriging (OK) methods. No recoveries were applied.



The mineral resource is reported
at a 0.65 gpt gold cut-off grade for potential open-pit material and at 2.63 gpt gold cut-off grade for the potential underground
material. These cut-offs have been developed based on current costs experienced at the Black Fox mine. The total Indicated Resource
is 7,105,378 t at a grade of 2.11 gpt gold. The total Inferred Resource is 1,692,267 t at a grade of 1.67 gpt gold. The classified
mineral resources are shown in Table 1.2.





Page B-3Brigus Annual Information Form 2012









| | Table 12 | Resource Estimate, Contact and 147 Zones, Black Fox Complex
| | -------- | -----------------------------------------------------------





|Resource Class |  | Cut-off 
Grade
 (gpt Au) |                 |  | Potential Material |             | Tonnes (t) |  |           | Capped 
Au (gpt) |  |  | Contained Au (oz) |        
|-------------- |  | ------------------------ | --------------- |  | ------------------ | ----------- | ---------- |  | --------- | ---------------- |  |  | ----------------- | -------
|Indicated      |  |                          | 2.63            |  |                    | Underground |            |  | 231,478   |                  |  |  | 5.44              |        
|               |  |                          | 0.65            |  |                    | Open Pit    |            |  | 6,873,900 |                  |  |  | 1.99              |        
|               |  |                          | Total Indicated |  |                    | 7,105,378   |            |  |           | 2.11             |  |  |                   | 480,850
|Inferred       |  |                          | 2.63            |  |                    | Underground |            |  | 143,852   |                  |  |  | 3.72              |        
|               |  |                          | 0.65            |  |                    | Open Pit    |            |  | 1,548,415 |                  |  |  | 1.48              |        
|               |  |                          | Total Inferred  |  |                    | 1,692,267   |            |  |           | 1.67             |  |  |                   | 91,061 





| | 1.6 | Conclusions and Recommendations
| | --- | -------------------------------



Tetra Tech recommends that Brigus
continue with diamond drilling of the Contact and 147 Zones and proceed with an advanced exploration program.



Brigus is currently undertaking
metallurgical test work on composite samples from the Contact and 147 Zones. Tetra Tech believes this test work is appropriate
and warranted. Results of this test work are pending.



Brigus also is completing its
drill program on the Contact and 147 Zones. As of the effective date of the resource estimate there were 50 drill holes with assays
pending. Upon completion of the drill program and drill core sampling analysis, Tetra Tech recommends a further update of the resource
estimate.



The estimate cost of the metallurgical
test work is approximately $230,000.



Page B-4Brigus Annual Information Form 2012







SCHEDULE C
BRIGUS GOLD CORP.
AUDIT COMMITTEE CHARTER



A new Charter of the Audit Committee was
adopted by the Brigus Board of Directors on March 29, 2011, superseding the previous April 2007 charter.



Audit Committee Charter



Purpose



| | 1. | The purpose of the Audit Committee (the "Committee") of the Board of Directors (the "Board")
is to assist the Board in its oversight of:
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------



| | (i) | the financial reporting process and the quality, transparency and integrity of the Company's financial
statements and other related public disclosures;
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | the Company's internal controls over financial reporting;
| | ---- | ---------------------------------------------------------



| | (iii) | the Company's compliance with legal and regulatory requirements relevant to the financial statements
and financial reporting;
| | ----- | -----------------------------------------------------------------------------------------------------------------------------



| | (iv) | the external auditors' qualifications and independence; and
| | ---- | -----------------------------------------------------------



| | (v) | the performance of the external auditors.
| | --- | -----------------------------------------



| | 2. | The function of the Committee is oversight. The Company's management is responsible for the preparation
of the Company's financial statements in accordance with applicable accounting standards and applicable laws and regulations. The
Company's external auditors are responsible for the audit or review, as applicable, of the Company's financial statements in accordance
with applicable auditing standards and laws and regulations.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Committee Responsibilities



| | 3. | The Committee's responsibilities shall include:
| | -- | -----------------------------------------------



External Auditors



| | (a) | retaining and terminating, and/or making recommendations to the Board of Directors and the shareholders
with respect to the retention or termination of, an external auditing firm to conduct review engagements on a quarterly basis and
an annual audit of the Company's financial statements;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | overseeing the work of the external auditor engaged (including resolution of disagreements between
management and the auditor regarding financial reporting) for the purpose of preparing or issuing an audit report or performing
other audit, review or attest services for the Company;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | communicating to the external auditors that they are ultimately accountable and must report directly
to the Board and the Committee as representatives of the shareholders;
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------





Page C-1Brigus Annual Information Form 2012







| | (d) | evaluating the independence of and taking, or recommending that the Board take, appropriate action
to oversee the independence of the external auditor and any potential conflicts of interest and (to assess the external auditor's
independence) all relationships between the external auditor and the Company;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (e) | ensuring receipt from the external auditor, if required, of a formal written statement delineating
all relationships between the external auditor and the Company, consistent with Independence Standards Board Standard 1, and engaging
in a dialogue with the external auditor with respect to any disclosed relationships or services that may impact the objectivity
and independence of the external auditor;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (f) | approving, or recommending to the Board of Directors for approval, all audit engagement fees and
terms, as well as all non-audit engagements of the external auditors prior to the commencement of the engagement;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (g) | reviewing with the external auditors the plan and scope of the quarterly review and annual audit
engagements;
| | --- | -------------------------------------------------------------------------------------------------------------



| | (h) | setting hiring policies with respect to the employment of current or former employees of the external
auditors;
| | --- | ---------------------------------------------------------------------------------------------------------------



Financial Reporting



| | (a) | reviewing, discussing and recommending to the Board for approval the annual audited financial statements
and related "management's discussion and analysis of financial and operating results" prior to filing with securities
regulatory authorities and delivery to shareholders;
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | reviewing and discussing with the external auditors the results of their reviews and audit, any
issues arising and management's response, including any restrictions on the scope of the external auditors' activities or requested
information and any significant disagreements with management, and resolving any disputes;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | reviewing, discussing and approving, or recommending to the Board for approval, the quarterly financial
statements and quarterly "management's discussion and analysis of financial and operating results" prior to filing with
securities regulatory authorities and delivery to shareholders;
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | reviewing and discussing with management and the external auditors the Company's critical accounting
policies and practices, material alternative accounting treatments, significant accounting and reporting judgments, material written
communications between the external auditor and management (including management representation letters and any schedule of unadjusted
differences) and significant adjustments resulting from the audit or review;
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (e) | reviewing and discussing with management the Company's earnings press releases;
| | --- | -------------------------------------------------------------------------------



| | (f) | reviewing and discussing such other relevant public disclosures containing financial information
as the Committee may consider necessary or appropriate;
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------





Page C-2Brigus Annual Information Form 2012







| | (g) | reviewing and discussing with management the disclosure controls relating to the Company's public
disclosure of financial information, including information extracted or derived from the financial statements, and periodically
assess the adequacy of such procedures;
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Internal Controls Over Financial Reporting



| | (a) | reviewing and discussing with management, the external auditors the effectiveness of the Company's
internal controls over financial reporting, including reviewing and discussing any significant deficiencies in the design or operation
of internal controls, and any fraud, whether or not material, that involves management or other employees who have a significant
role in the Company's internal controls over financial reporting;
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | discussing the Company's process with respect to risk assessment (including fraud risk), risk management
and the Company's major financial risks and financial reporting exposures, all as they relate to internal controls over financial
reporting, and the steps management has taken to monitor and control such risks;
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | establishing procedures for:
| | --- | ----------------------------



| | (i) | the receipt, retention and treatment of complaints regarding accounting, internal controls or auditing
matters;
| | --- | ---------------------------------------------------------------------------------------------------------------



| | (ii) | the confidential, anonymous submission by employees of the Company of concerns regarding questionable
accounting, internal controls or auditing matters;
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iii) | the confidential anonymous submission by employees of the Company of concerns regarding safety,
health and environment matters or matters relating to harassment, abuse or other unacceptable conduct.
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Related Party Transactions



Review any transaction involving the Company
and a related party at least once a year or upon any significant change in the transaction or relationship.  For these purposes,
a "related party transaction" includes any transaction required to be disclosed in accordance to International Financial
Reporting Standards.



Other



| | (a) | meeting separately, periodically, with each of management and the external auditors;
| | --- | ------------------------------------------------------------------------------------



| | (b) | reporting regularly to the Board;
| | --- | ---------------------------------



| | (c) | reviewing and assessing its mandate and recommending any proposed changes to the Corporate Governance
and Compensation Committee of the Board on an annual basis; and
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | evaluating the functioning of the Committee on an annual basis, including with reference to the
discharge of its mandate, with the results to be reported to the Corporate Governance and Compensation Committee, which shall report
to the Board.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





Page C-3Brigus Annual Information Form 2012







Responsibilities of the Committee
Chair



| | 4. | The fundamental responsibility of the Committee Chair is to be responsible for the management and
effective performance of the Committee and provide leadership to the Committee in fulfilling its mandate and any other matters
delegated to it by the Board. To that end, the Committee Chair's responsibilities shall include:
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | working with the Chairman of the Board, the Chief Executive Officer and the Secretary to establish
the frequency of Committee meetings and the agendas for meetings;
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | providing leadership to the Committee and presiding over Committee meetings;
| | --- | ----------------------------------------------------------------------------



| | (c) | facilitating the flow of information to and from the Committee and fostering an environment in
which Committee members may ask questions and express their viewpoints;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | reporting to the Board with respect to the significant activities of the Committee and any recommendations
of the Committee;
| | --- | ----------------------------------------------------------------------------------------------------------------------------



| | (e) | leading the Committee in annually reviewing and assessing the adequacy of its mandate and evaluating
its effectiveness in fulfilling its mandate; and
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------



| | (f) | taking such other steps as are reasonably required to ensure that the Committee carries out its
mandate.
| | --- | --------------------------------------------------------------------------------------------------------



Powers



| | 5. | The Committee shall have the authority, including approval of fees and other retention terms, to
obtain advice and assistance from outside legal, accounting or other advisors in its sole discretion, at the expense of the Company,
which shall provide adequate funding for such purposes. The Company shall also provide the Committee with adequate funding for
the ordinary administrative expenses of the Committee. The Committee shall have unrestricted access to information, management
and the external auditors including private meetings, as it considers necessary or appropriate to discharge its duties and responsibilities.
The Committee may, in its discretion, delegate all or a portion of its duties and responsibilities to a subcommittee of the Committee.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Composition



| | 6. | The Committee shall be appointed by the Board annually and shall be comprised of a minimum of three
directors. If an appointment of members of the Committee is not made as prescribed, the members shall continue as such until their
successors are appointed.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 7. | All of the members of the Committee shall be directors whom the Board has determined are independent,
taking into account the applicable rules and regulations of securities regulatory authorities and/or stock exchanges.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 8. | Each member of the Committee shall be "financially literate" and at least one member
of the Committee shall have "accounting or related financial management expertise"1.
At least one member of the Committee shall be an "audit committee financial expert", as defined in the applicable rules
and regulations of securities regulatory authorities and/or stock exchanges.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





Page C-4Brigus Annual Information Form 2012







| | 9. | If a Committee member simultaneously serves on the audit committee of more than three public companies,
the Board shall make a determination as to whether such service impairs the ability of such member to serve effectively on the
Committee and disclose such determination in the Company's annual proxy statement.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Meetings



| | 10. | The Committee shall have a minimum of four meetings per year, to coincide with the Company's financial
reporting cycle. Additional meetings will be scheduled as considered necessary or appropriate, including to consider specific matters
at the request of the external auditors.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 11. | The time and place of the meetings of the Committee, the calling of meetings and the procedure
in all things at such meetings shall be determined by the Chairman of the Committee.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------










1
For purposes of this mandate, "financially literate" means the ability to read and understand a balance sheet, an income
statement, a cash flow statement and the related notes that present a breadth and level of complexity of accounting issues that
are generally comparable to the breadth and complexity of issues that can reasonably be expected to be raised by the Company's
financial statements, and "accounting or related financial management expertise" means the ability to analyze and interpret
a full set of financial statements, including the related notes that present a breadth and level of complexity of accounting issues
that are generally comparable to the breadth and complexity of issues that can reasonably be expected to be raised by the Company's
financial statements.





Page C-5Brigus Annual Information Form 2012