Brigadier
Gold (TSX-V: BRG) Announces Extension of Expenditure Deadline
TORONTO February
28, 2007 –
Brigadier Gold Limited (TSX-V: BRG)
(the “Corporation”) announced today that it has signed an agreement
with ValGold Resources Ltd. to amend an agreement (the “Amended
Agreement”) originally approved by the TSX Venture Exchange on March 15,
2006. Pursuant to the Amended Agreement, the Corporation shall issue 425,000
common share purchase warrants to ValGold Resources Ltd. in consideration for
an extension to the original expenditure deadline from March 15, 2007 to October 31, 2007. Each common share
purchase warrant entitles ValGold Resources Ltd. to acquire one additional
common share of the Corporation at any time for a period of 18 months from the
date of issue at a price of $0.15 per common share.
About
Brigadier Gold
Brigadier Gold Limited
is a junior exploration company focused on gold in Canada’s historical mining
camps. The Company’s key assets are an option to earn up to an 80%
interest in the Hunter Mine, a former gold producer in the Porcupine Mining
Camp near Timmins, Ontario from which more than 60 million ounces of gold has
been produced from a number of deposits including the Dome, Hollinger, Pamour
and Hoyle Pond mines; and the Kirkland Lake-Larder Lake and Matachewan areas
where over 37 million ounces of gold have been produced from 25 mines.
Brigadier has 25,347,754
common shares outstanding and trades on the TSX Venture Exchange under the
symbol BRG.
For further information, please visit our website at www.brigadiergold.com or contact:
Herb Kokotow, President & CEO: (Tel): (416)
410-7956, (Fax): (905) 707-1520
The TSX Venture Exchange has not reviewed, and does not
accept responsibility for the adequacy or accuracy of this release. This press release
includes certain "Forward-Looking Statements." All statements, other
than statements of historical fact, included herein, including without
limitation, statements regarding potential mineralization and reserves,
exploration results and future plans and objectives of Brigadier, are
forward-looking statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results to differ
materially from Brigadier's expectations are disclosed under the heading
"Risk Factors" and elsewhere in Brigadier’s documents filed
from time-to-time with regulatory authorities.