Wednesday, July 25, 2012

Experienced mining Exec appointed new COO at Brigus Gold

Brigus Appoints Daniel Racine as COO (bwire)

HALIFAX, Nova Scotia (Business Wire) -- Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE MKT: BRD)(TSX: BRD) is pleased to announce that Daniel Racine will join the company as Chief Operating Officer (COO) effective August 21st. Mr. Racine is a mining executive with over 25 years of industry experience.
Prior to his appointment at Brigus, Mr. Racine was Senior Vice-President Mining of Agnico-Eagle Mines Limited (“Agnico” or the “Company”) where he oversaw Agnico's global mining operations. Mr. Racine joined Agnico as a junior Mining Engineer in 1988 and took on progressively more responsibility during his career with them. His roles included LaRonde Mine Manager; Vice-President, Operations Manager; and Senior Vice-President Operations. During his 24 years with Agnico, the Company grew from a market capitalization of $300 million with two small operating mines to a global mining leader with a market capitalization of $6.4 billion with five large mines in three countries.

“We are very pleased that Daniel has joined Brigus,” said Wade Dawe, President and CEO of Brigus. “His operational and managerial expertise in underground mining and capital development will be a major asset to Brigus as we continue to grow the company.”

Mr. Racine will be based in the Company's Toronto technical office but will spend a significant amount of time at the Black Fox Mine located in Matheson, Ontario and at the Company's head office in Halifax, Nova Scotia.

“I am looking forward to this new opportunity with a growing Canadian gold producer,” said Daniel Racine. “It is an exciting time for Brigus as the Black Fox Mine continues to ramp up, development of the Grey Fox Mine begins, and other growth opportunities emerge.”

Mr. Racine holds a BSC Mine Engineering degree from Laval University and he is a member of the Ordre des Ingenieurs du Quebec (OIQ) and Professional Engineers of Ontario (PEO).

About Brigus Gold
Brigus is a growing gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company 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 is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus has granted Cangold Limited the option to acquire a 75% interest in the Company's Ixhuatan Project located in the state of Chiapas. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects.
Cautionary and Forward-Looking Statements
Statements contained in this news release, which are not historical facts, are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All statements regarding the ability of the Company to achieve its production, total cash costs, steady state annual production and mining rate estimates; estimated average gold grades for the open pit and underground operations; increase in gold production; increase in profitability; exploration drill results and resource additions, are forward-looking statements and estimates that involve various risks and uncertainties.

Brigus Gold Corp.
Jennifer Nicholson, CA, 902-442-7186
Executive Vice President
jnicholson@brigusgold.com
or
Katherine Burgess, 902-442-7184
Manager, Stakeholder Relations
kburgess@brigusgold.com

Thursday, July 19, 2012

TNR Gold commences drilling at Shotgun Ridge property in Alaska

Vancouver, British Columbia -- July 2012 -- TNR Gold Corp. (the "Company") Further to the announcement on July 5th, 2012 pertaining to the launch of the Shotgun Gold project in Alaska, TNR is pleased to report that exploration and camp preparation is on schedule for a start of drilling planned for July 15th.

Objectives of the 2012 Shotgun Gold Project include:
• Infill drilling to support a new resource calculation after field season;
• Test new geophysical targets identified in 2011;
• Further test at depth feeder zones discovered in 2006, and
• Geophysical surveys of other ridges for new, structural, drill targets.

The geophysics contractor is setting up the first of several 3D resistivity and chargeability survey areas across the property at Winchester, the southern-most prospect of the Shotgun Project. Ground based magnetics are also planned in conjunction with the primary survey. Locations of additional geophysical grids will include extension of the 2011 survey at Shotgun Ridge to further define features identified at the edge of that survey.

In anticipation of the project financing earlier this year, TNR management utilized in-house and contract services to effectively complete planning and permitting while assembling a field team for geology, drilling, geophysics and support services. TNR continues to apply its strategic plan to be able to respond quickly to opportunities and build shareholder value.

Mr. John Harrop, VP of Exploration notes, "We are fortunate to be drilling a zone that is within Shotgun Ridge and not under a valley. This geometry means that there is less cover to drill through than we would encounter in a valley bottom and that translates to a cost saving in drilling, and better resolution in the geophysical surveys. Ultimately, should an economic deposit be proven here, we expect it to reduce the footprint and benefit mining efficiency."

About the Shotgun Gold Project

TNR holds a 100% interest in the Shotgun property located 175 kilometres south of Donlin Creek within the Kuskokwim Gold Belt in southwestern Alaska. This area is emerging as a world-class gold district hosting more than 40 million ounces of aggregated gold resources. The Shotgun property includes a number of prospects, including Shotgun Ridge and nearby Winchester. Donlin is an intrusion-associated system and represents one of the largest undeveloped gold deposits in the world. The Company believes that there are several key similarities between prospects on the Shotgun property and that of the Donlin Creek gold deposit as well as other important intrusion-associated deposits.

Previous work at Shotgun Ridge by NovaGold Resources Inc. in 1998 estimated an historical resource of 980,000 ounces grading 0.93 grams per tonne (g/t) at a cut-off of 0.5 g/t (This estimate was made prior to NI43-101 and has not been verified by a Qualified Person. It is provided for historical information and should not be relied upon).
John Harrop, PGeo, FGS, a Qualified Person for TNR Gold Corp. as defined by NI 43-101 has reviewed the technical information contained in this report.

Wednesday, July 18, 2012

Brigus Gold Reports 11.68 GPT Gold Over 26.0 Meters from 147 Zone

(bwire)

HALIFAX, Nova Scotia (Business Wire) -- Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE MKT: BRD; TSX: BRD) is pleased to announce that exploration in-fill drilling on the southern portion of the Black Fox Complex continues to return high-grade gold assays from the 147 Zone.

The following table includes highlights from the drill holes reported today from the 147 Zone (all uncut, average gold grades over core length widths):

Hole Number	From	To	Core Width	Gold Assay
	(m)	(m)	(m)	grams per tonne
GF11-328	142.00	154.00	12.00	6.28
including	148.00	149.00	1.00	51.91
	165.00	169.00	4.00	6.74
	195.00	202.00	7.00	5.71
including	201.00	202.00	1.00	25.27
GF11-329	304.00	335.00	31.00	3.20
including	325.00	330.70	5.70	9.93
GF11-378	304.50	315.70	12.20	5.82
including	305.00	306.00	1.00	36.55
and	309.00	310.00	1.00	26.54
GF12-457	95.00	111.00	16.00	3.14
	124.00	145.00	21.00	7.12
including	124.00	125.00	1.00	97.10
and	133.00	135.00	2.00	16.13
GF12-469	63.00	89.00	26.00	11.68
including	73.00	77.00	4.00	57.28
GF12-521	73.00	102.75	29.75	6.78
including	80.50	101.75	21.25	9.12
and	97.80	101.75	3.95	28.05
GF12-525	98.00	126.20	28.20	7.80
including	100.00	101.00	1.00	30.40
and	106.00	107.00	1.00	30.70
and	114.00	122.00	8.00	16.78
including	118.00	119.00	1.00	66.20

The initial resource estimate for the 147 and Contact zones, as released in December 2011, added more than 50 percent to the gold resource at the Black Fox Complex. An updated resource estimate will be released later in 2012.

These zones provide Brigus with near term production growth opportunities because of their proximity to the Black Fox Mine infrastructure.

The Black Fox Complex covers an area of approximately 18 square kilometres within the Timmins Mining District, Ontario. The core area of the 147 Zone extends for approximately 250 m in a north-south direction dipping at approximately 80 degrees to the east. Gold mineralization primarily occurs within multiple quartz carbonate brecciated zones within bleached units of variolitic mafic volcanics and other parallel footwall zones.

Details of the most recent 147 Zone drill holes and the 147 Zone drill-hole location map can be found on the Company's website at www.brigusgold.com.

Surface drilling was conducted by Norex Drilling and was supervised by the Brigus exploration team. All sample analyses reported herein were performed by Polymet Labs of Cobalt, Ontario, which is ISO 9001:2000 certified in North America using standard fire assay procedures. Intercepts cited do not necessarily represent true widths, unless otherwise noted. Brigus Gold's quality control checks include insertion of blanks, standards and duplicates to ensure laboratory accuracy. Senior Exploration Project Manager John A. Dixon, P. Geo., reviewed the technical exploration information in this release as the Qualified Person for the Company.

About Brigus Gold
Brigus is a growing gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company 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 is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus has granted Cangold Limited the option to acquire a 75% interest in the Company's Ixhuatan Project located in the state of Chiapas. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects.

Cautionary and Forward-Looking Statements
Statements in this news release, which are not historical facts, are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All statements regarding the Company's ability to successfully expand the Black Fox Complex gold resource, add to Black Fox resources, advance new discoveries to production, convert resource estimates into near-term production, release of an updated mineral resource estimate in 2012 and the Black Fox underground mine exploration drilling program and continue to obtain positive down dip continuity of significant gold mineralization are forward-looking statements and estimates that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from these forward-looking statements include environmental risks and other factors disclosed under the heading “Risk Factors” in Brigus Gold's most recent Annual Information Form and Management Discussion and Analysis filed under the company's name at www.sedar.com and annual report on Form 40-F filed with the United States Securities and Exchange Commission at www.sec.gov and elsewhere in Brigus Gold's documents filed from time to time with the Toronto Stock Exchange, the NYSE Amex, the United States Securities and Exchange Commission and other regulatory authorities. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.

Brigus Gold Corp.
Jennifer Nicholson, CA, 902-422-1421
Executive Vice President
jnicholson@brigusgold.com
or
Katherine Burgess, 902-422-1421
Manager, Stakeholder Relations
kburgess@brigusgold.com

Friday, July 13, 2012

Rodinia Lithium Completes Production Well and Drill Program at Diablillos

Rodinia Lithium Inc.

TSX VENTURE : RM
OTCQX : RDNAF

July 12, 2012 09:24 ET

- First Prototype Production Well has Been Successfully Drilled and Installed in Proposed Well Field Site at Diablillos

- In-Fill Drill and Pump Test Program Complete

- Artesian Conditions Present in Numerous Drill Holes on Eastern Portion of the Salar Further Confirm the Near Optimal Acquifer Lithology

- Results from the Latest Drill Program to Produce Updated Resource for Diablillos

TORONTO, ONTARIO--(Marketwire - July 12, 2012) - Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX:RDNAF) is pleased to provide a progress update on the Company's 100% owned Diablillos lithium-potash brine project ("Project" or "Salar" or "Diablillos") in Salta, Argentina. The Company continues to advance the project towards feasibility by completing ten additional conventional mud rotary drill holes that totaled 1604 metres. A prototype production well, 250 metres in depth, was constructed with 10-inch casing down to basement. Other drilling initiatives included seven pump testing and monitoring wells, and two fresh water monitoring well. This latest round of drilling confirmed previously announced basin lithologies and provided definitive basin/basement contacts where previously estimated.

William Randall, Rodinia's President & CEO, commented, "Having mobilized an additional rig earlier in the year has enabled us to complete our work program on schedule. We now have all the required information for a resource update, which is the first important step towards completion of the Feasibility Study. We are extremely pleased with the progress our team has made and the results achieved to date."

Three of the drill holes designed for pump tests in the eastern portion of the Salar encountered strong artesian conditions. Flow rates of up to twenty-two litres per second from these holes have been measured. While this is positive for the long term prospects of the project, as it demonstrates high hydraulic conductivity and favourable lithology, it has limited the effectiveness of the pump tests. The pressures exerted by the artesian conditions are such that down hole work was restricted.

In addition, the Company announces that it has granted an aggregate of 1,140,000 stock options of the Company (the "Options") to officers, directors, consultants of the Company. The Options shall have an exercise price of $0.175 and shall expire on July 11, 2017. The Options remain subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange and remain subject to the statutory four month hold period until November 12, 2012.

About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America. The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.

Rodinia's Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent. The project contains a recoverable inferred resource of 952,553,000 m³ grading 556 mg/L lithium and 6,206 mg/L potassium. Throughout 2012, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through feasibility study.

The Company also holds 100% mineral rights to approximately 70,000 acres in Nevada's lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit. The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.

The Projects are supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43‐101.

Please visit the Company's web site at www.rodinialithium.com or write us at info@rodinialithium.com.

Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the anticipated timing with respect to the feasibility study; the potential of the Diablillos property; the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

Investor Cubed Inc.
Investor Relations
+1 (647) 258-3311

Rodinia Lithium Inc.
Aaron Wolfe
Vice-President, Corporate Development
+1 (416) 309-2696
info@rodinialithium.com
www.rodinialithium.com

Thursday, July 12, 2012

San Gold Reports Q2 Production of 18,241 oz Gold Despite Mill Interruption

WINNIPEG, MANITOBA--(Marketwire - July 12, 2012) - San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) today announced preliminary results of 18,241 ounces of gold produced plus 55,000 tons of ore in surface stockpiles, representing approximately 10,000 ounces of gold. Overall, that brings total mine production to more than 28,000 ounces of gold during the quarter, a new company record, and positions the Company well to meet or exceed full year production guidance of between 95,000 and 105,000 ounces of gold in 2012.

"We are extremely pleased with the progress being made as we continue to increase production volumes in Rice Lake. We continue to acquire new, low-cost ounces and expose our shareholders to significant exploration upside in very favourable geologic belts within underexplored jurisdictions in Canada. We are very disappointed in the market's recent performance but remain confident that simply doing the right things right, investing wisely and remaining debt free, will deliver long-term shareholder value. We have an excellent team at all levels focused on the long-term generation of shareholder wealth," said San Gold President and Chief Executive Officer George Pirie.

The Company milled 116,546 tons in the quarter despite a four-week interruption to milling operations during the month of June. The Company set a daily average milling record of 2,032 tons per day in May. Grade was 5.70 grams per tonne for the quarter, slightly above the previous quarter. Recovery improved to 94.1% for the quarter. The mill resumed normal operations on schedule on July 1.

The operation mined 155,495 tons of ore in the quarter, 26% higher than the second quarter of 2011 and resulted in a daily mining record for the quarter of 1,709 tons per day. Underground mine operations remain focused on developing an extensive mining complex that will facilitate access to the down dip extensions of the L10 and 007 from the Rice Lake shaft infrastructure. The company completed 1,093 metres of lateral development and 235 metres of vertical development during the quarter. The Company also initiated a raise bore to improve ventilation capacity for mining operations and started development work toward the L10 Zone from 16 Level.

During the quarter, the Company released an updated resource and reserve statement which resulted in a 1.5 million ounce increase to our resource.

During the quarter, the Company also completed a number of transactions. The Company purchased a 100% interest in three properties owned by Opawica Explorations Inc. located in the Rainy River gold district of northwestern Ontario. This agreement effectively adds significant gold equivalent ounces associated with the Maybrun Deposit. The Company also purchased an 80% undivided interest in all precious metals including, but not limited to, gold and silver but specifically excluding platinum and palladium contained on Canadian Arrow Mines Ltd. properties. The Canadian Arrow agreement covers multiple properties including claims adjacent to the Opawica properties in the Rainy River gold district and claims nearby SGX properties in the Timmins gold camp. This agreement secures the region surrounding the Opawica property for gold exploration in support of the Company thesis that additional mineralization will be found near the Maybrun deposit.

The Company sold all of its interests in its Tisdale Township properties for consideration of approximately 8 million shares of SGX Resources Inc. each valued at $0.50 per SGX share, maintaining its ownership interest in that company. The Company will take its prorata share of SGX's expenses against this investment in the second quarter. The Company also completed a transaction with Strikepoint Gold Inc. related to claims previously covered by an option agreement between Strikepoint and the Company, providing greater flexibility in exploring the region.

About San Gold
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Hinge, 007, and Rice Lake mines near Bissett, Manitoba. The Company employs more than 400 people and is committed to the highest standards of safety and environmental stewardship. San Gold is on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".
For further information on San Gold, please visit www.sangold.ca.
Cautionary Note
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding forecast gold production, gold grades, recoveries, cash operating costs, potential mineralization, mineral resources, mineral reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable mineral reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of precious metals, as well as those factors discussed in the section entitled "Other MD&A Requirements and Additional Disclosure and Risk Factors" in the Company's most recent quarterly Management's Analysis and Discussion ("MD&A"). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:

Tim Friesen
San Gold Corporation
Communications Director
1 (855) 585-4653

OR

George Pirie
San Gold Corporation
President and CEO
1 (416) 214-0024
www.sangold.ca

Talison Lithium Achieves additional 10% Price Increase

PERTH, WESTERN AUSTRALIA--(Marketwire - July 12, 2012) - Talison Lithium Limited ("Talison" or the "Company") (TSX:TLH), announced today that it has agreed a price increase of 10% with customers for sales of chemical-grade lithium concentrate in the second half calendar 2012.

Together with the 15% price increase for the first half calendar 2012 this represents a total agreed price increase of 25% for sales of chemical-grade lithium concentrate in calendar 2012.

Prices for technical-grade lithium concentrate are negotiated annually, and, as previously announced, a 15% price increase was agreed with customers for sales of technical-grade lithium concentrate in calendar 2012.

Peter Oliver, Chief Executive Office and Managing Director, said, "We are pleased with the outcome from our recent pricing discussions with customers. We believe that the price increase may indicate a firming in demand for lithium chemicals and we will continue to closely monitor the lithium market in coming months."

ABOUT TALISON
Talison is a leading global producer of lithium and has been supplying a global customer network from the Greenbushes Lithium Operations in Western Australia for over 25 years. In anticipation of sustained growth in lithium consumption, driven primarily by the secondary lithium battery market, Talison has doubled its production capacity at the Greenbushes Lithium Operations and is advancing several growth projects including a lithium carbonate plant in Western Australia.

Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this press release, including any information as to Talison's mineral reserve and mineral resource estimates, strategy, projects, plans, prospects, future outlook, anticipated events or results or future financial or operating performance, may constitute "forward-looking information" within the meaning of Canadian securities laws. All statements, other than statements of historical fact, constitute forward-looking information. Forward-looking information can often, but not always, be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "predicts", "potential", "continue" or "believes", or variations (including negative variations) of such words, or statements that certain actions, events or results "may", "could", "would", "should", "might", "potential to", or "will" be taken, occur or be achieved or other similar expressions concerning matters that are not historical facts. The purpose of forward-looking information is to provide the reader with information about management's expectations and plans. Readers are cautioned that forward-looking statements are not guarantees of future performance. All forward-looking statements made or incorporated in this press release are qualified by these cautionary statements.
Forward-looking statements are necessarily based on a number of factors, estimates and assumptions that, while considered reasonable by Talison, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such factors, estimates and assumptions include, but are not limited to: anticipated financial and operating performance of Talison, its subsidiaries and their respective projects; Talison's market position; future prices of lithium or lithium concentrates; estimation of mineral reserves and mineral resources; realization of mineral reserve and mineral resource estimates; timing, amount and costs of estimated future production; grade, quality and content of concentrate produced; sale of production; capital, operating and exploration expenditures; costs and timing of the expansion of the Greenbushes Lithium Operations; exploration and development of the Salares 7 lithium project; costs and timing of future exploration; requirements for additional capital; government regulation of exploration, development and mining operations; environmental risks; reclamation and rehabilitation expenses; title disputes or claims; absence of significant risks relating to Talison's mining operations; the costs of Talison's hedging policy; sales risks related to China; currency; interest rates, and limitations of insurance coverage. While Talison considers these factors, estimates and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect and actual results may vary.
Readers are cautioned that forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Talison and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risk factors include, amount others, those described in the unaudited condensed consolidated interim financial statements of Talison and the related notes thereto as at March 31, 2012 and for the nine months ended March 31, 2012 and under the heading "Risk Factors" in the annual information form of Talison for the year ended June 30, 2011 dated September 23, 2011, each of which can be found on Talison's SEDAR profile at www.sedar.com. While Talison considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect and actual results may vary.
Although Talison has attempted to identify statements containing important factors that could cause actual actions, event or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this press release based on the opinions and estimates of management on the date statements containing such forward-looking information are made. Except as required by law, Talison disclaims any obligation to update any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

FOR FURTHER INFORMATION PLEASE CONTACT:

Gary T. Dvorchak, CFA
ICR, LLC
Senior Vice President
+1 (310) 954-1123
Gary.Dvorchak@icrinc.com

OR

Nicole Smith
Talison Lithium Ltd
+1 (647) 343-1992
investorrelations@talisonlithium.com

Tuesday, July 10, 2012

Brigus Gold Meets Q2 2012 Production Target

(bwire)

HALIFAX, Nova Scotia (Business Wire) -- (NYSE MKT: BRD; TSX: BRD) – Brigus Gold Corp. (“Brigus” or the “Company”) is pleased to announce that it has met its production guidance for a second consecutive quarter. During the second quarter of 2012, the Company produced 18,254 ounces of gold at an average grade of 3.30 grams per tonne (gpt) and a projected cash cost of between $800 and $825 per ounce. Production at the Company's Black Fox Mine continues to increase as development progresses towards larger ore zones at depth.

Ounces Produced

Average Grade

16,922

3.04

18,254

3.30

Total

35,176

3.17

The Q2 production target was achieved despite operating challenges. Severe forest fires in the region resulted in the shutdown of the Company's Black Fox Mill for four days as well as intermittent suspension of mining operations due to smoke and power supply issues. There was no damage to the Company's assets or the key safety components of the mill due to the fires.
In early June, a breakdown of the Company's tertiary cone crusher at the Black Fox Mill resulted in a temporary decrease in mill throughput and production. A contract crusher was mobilized to site while attempts were made to repair the damage. The contract crusher was unable to meet throughput quotas as it could not crush the ore small enough to achieve targeted gold recovery. This resulted in an 11 percent reduction in production for the month of June. A new cone crusher has been installed and throughput has returned to normal operating levels.
“We are pleased to have met our quarterly production target despite the challenges faced in the quarter,” said Wade Dawe, Brigus' President and CEO. “This speaks volumes to the progress that has been made at the Black Fox Mine and Mill and the quality of the staff and management. The team continues to ramp up underground production and is on track to develop larger ore zones at depth. As these larger zones are brought into production and the open pit continues to deliver higher grade ore, I am confident that we will continue to meet our targets for the remainder of the year.”
The open pit continues to perform as expected. Preparations for Phase 3 overburden removal are on-going and this work is scheduled to commence in the third quarter. Production from Phase 3 will begin in 2013.
The mill processed 178,002 tonnes of ore at an average grade of 3.30 grams of gold per tonne and an average recovery of 96.6% in the quarter. Throughput averaged 1,956 tonnes per day.
OUTLOOK
Brigus continues to forecast full year gold production of 77,000 to 85,000 ounces for 2012:


2012	Low	High	Actual
Q1	15,500	17,000	16,922
Q2	18,000	21,000	18,254
Q3	21,500	23,000
Q4	22,000	24,000
Total	77,000	85,000

Cash costs are targeted at $790 - $815 per ounce for the year, declining to approximately $700 per ounce at steady state production levels of approximately 100,000 ounces per year in 2013.
About Brigus Gold
Brigus is a growing gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company 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 is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus has granted Cangold Limited the option to acquire a 75% interest in the Company's Ixhuatan Project located in the state of Chiapas. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects.
Cautionary and Forward-Looking Statements
Statements contained in this news release, which are not historical facts, are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All statements regarding the ability of the Company to achieve its production, total cash costs, steady state annual production and mining rate estimates; estimated average gold grades for the open pit and underground operations; increase in gold production; increase in profitability; exploration drill results and resource additions, are forward-looking statements and estimates that involve various risks and uncertainties. This forward-looking statements include, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, the outcome of legal proceedings, the issue of permits, the size and quality of the Company's mineral resources, progress in development of mineral properties, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, and the financial results of the Company.
Important factors that could cause actual results to differ materially from these forward-looking statements include environmental risks and other factors disclosed under the heading “Risk Factors” in Brigus' most recent Annual Information Form and Management Discussion and Analysis filed under the Company's name at www.sedar.com and annual report on Form 40-F filed with the United States Securities and Exchange Commission at www.sec.gov as well as elsewhere in Brigus' documents filed from time to time with the Toronto Stock Exchange, the NYSE Amex Equities, the United States Securities and Exchange Commission and other regulatory authorities. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.

Brigus Gold Corp.Jennifer Nicholson, CA
Executive Vice President
Phone: (902) 442-7186
Email: jnicholson@brigusgold.com
or
Katherine Burgess
Manager, Stakeholder Relations
Phone: (902) 442-7184
Email: kburgess@brigusgold.com

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