Location

TORONTO, ONTARIO–(Marketwired
– Feb. 27, 2014) –

Primero Mining Corp. (“Primero”
or the “Company”)
(TSX:P)(NYSE:PPP) and Brigus
Gold Corp.
(“Brigus”) (TSX:BRD)(NYSE:BRD) are pleased to
announce the positive results of their respective shareholder votes to approve
the previously announced plan of arrangement (“Arrangement”), whereby
Primero will acquire all of the outstanding common shares of Brigus. The
acquisition is expected to close on March 5, 2014. Brigus’
principal assets are the wholly owned Black Fox mine and mill, and adjoining
properties, Grey Fox and Pike River in the Timmins Gold District
of Ontario, Canada.

99.90% of the shares
represented at Primero’s special shareholders’ meeting held earlier today were
voted in favour of a special resolution authorizing the issuance of Primero
common shares pursuant to the Arrangement.

99.08% of the shares
represented at Brigus’ special shareholders’ meeting held earlier today voted
in favour of the Arrangement. Brigus shareholders will receive 0.175 of a
Primero common share, cash consideration of $0.000001, and 0.1
of a common share in the capital of a newly incorporated company, Fortune
Bay Corp., which will own Brigus’ non-Ontario
assets, for each Brigus share owned.

About Primero

Primero
Mining Corp.
is a Canadian-based precious metals producer and owns 100%
of the San Dimas
gold-silver mine and 100% of the Cerro del Gallo gold-silver-copper development
project in Mexico.
Primero offers immediate exposure to un-hedged, low cash cost gold production
with a substantial resource base in a politically stable jurisdiction. The
Company has intentions to become an intermediate gold producer by building a
portfolio of high quality, low cost precious metals assets in the Americas.

Primero’s website is www.primeromining.com.

About Brigus

Brigus is a growing gold
producer committed to maximizing shareholder value through a strategy of
efficient production, targeted exploration and select acquisitions. Brigus
operates the wholly owned Black Fox Mine and Mill in the Timmins
Gold District of Ontario,
Canada
. The Black Fox Complex encompasses the Black
Fox Mine and adjoining properties in the Township of Black
River-Matheson, Ontario, Canada.
Brigus also owns the Goldfields Project located near Uranium
City, Saskatchewan, Canada
, which hosts the Box and Athona gold
deposits. In the Dominican
Republic
, Brigus has signed an agreement to sell its remaining
interests in three mineral exploration projects. In Mexico,
Brigus owns the Ixhuatan Project located in the state of Chiapas.

Additional information
about Brigus and its projects is available on the Brigus website at
www.brigusgold.com and on SEDAR.

Contact Information:
Primero Mining Corp.
Tamara Brown
VP, Investor Relations
(416) 814 3168
[email protected]

www.primeromining.com

Brigus Gold Corp.
Morgan Tyghe
Director of Investor Relations
(416) 214 9867
[email protected]

www.brigusgold.com

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