Brigadier Gold Announces Mozambique LOI and Private Placement Financing

Brigadier Gold Limited (TSX VENTURE:BRG) (FRANKFURT:B7LN) announced today it has
signed a letter of intent respecting a purchase of all the outstanding shares
and debt of Mozambique Gold Corp. ("MGC"), a private Vancouver-based corporation
owned by an arm's length investor, which owns proprietary due diligence
information, research material and reports on several gold exploration projects
in Mozambique. The only debts of MGC are shareholder loans in the amount of
approximately $325,000 incurred to purchase the diligence information. The
purchase price for the shares and loans is the payment of $325,000 in cash and
the issuance of special warrants ("Special Warrants") entitling the vendors to
acquire 7,500,000 treasury shares of Brigadier at a price of $0.05 per share.
The Special Warrants would have a 24 month term and shall only be exercisable if
after completion of the share purchase Brigadier successfully negotiates the
acquisition of an exploration right that is described in the diligence
materials. The purchase of Mozambique Gold is conditional on successful
completion of the private placement financing described below.


Brigadier is also announcing it intends to complete a non-brokered private
placement of 6.5 million shares to raise $325,000 to fund the cash portion of
the purchase price through the issuance of units at a price of $0.05 per Unit,
where each Unit consists of one common share and one common share purchase
warrant ("Warrant"). Each Warrant will entitle the holder to purchase one common
share over a two-year period at a price of $0.10 per common share.


All securities issued in connection with the offering will be subject to a
four-month hold period in accordance with applicable Canadian securities laws.
The offering is subject to the approval of the TSX Venture Exchange and required
regulatory approvals. The finders' fee warrants are subject to the same terms.


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