VANCOUVER, Feb. 26, 2014 /PRNewswire/ - Brazil Resources
Inc. (the "Company" or "Brazil Resources") (TSX-V: BRI; OTCQX:
BRIZF) is pleased to announce that it has filed National Instrument
43-101 ("NI 43-101") technical reports for each of its São Jorge,
Boa Vista and Surubim gold projects located in Pará State,
Brazil. The projects were acquired
by Brazil Resources through its
acquisition of Brazilian Gold Corporation ("BGC") in November 2013. The technical reports confirm the
historical estimates completed by BGC as disclosed by the Company
in its press release dated November 22,
2013.
The technical report on the São Jorge Gold
Project dated effective November 22,
2013 is titled "São Jorge Gold Project, Pará State,
Brazil. Independent Technical
Report on Mineral Resources" the technical report on the Boa Vista
Gold Project dated effective November 22,
2013 is titled "Technical Report, Boa Vista Gold Project and
Resource Estimate on the VG1 Prospect, Tapajós Area, Para State,
Northern Brazil" and the technical
report on the Surubim Gold Project dated effective November 22, 2013 is titled "Technical Report,
Rio Novo Gold Project and Resource Estimate on the Jau Prospect,
Tapajós Area, Para State, Northern
Brazil" (collectively, the "Technical Reports"). There
are no material differences between the results announced in the
Company's January 21, 2014 press
release and the results contained in the final Technical
Reports. The Technical Reports also provide additional
information on the projects' histories, technical estimates and
regional geology.
The Technical Reports are authorized by
independent qualified persons and are available under the Company's
SEDAR profile at www.sedar.com.
Investor Relations Update
The Company is also pleased to announce that it
has extended the previously announced consulting agreement between
the Company and Max Porterfield (the
"Porterfield Agreement") until December 22,
2015, and Mr. Porterfield will continue to be responsible
for the Company's day-to-day investor relations activities,
including providing investor relations services to the Company's
retail shareholders.
About Brazil Resources Inc.
Brazil Resources is a public mineral exploration
company with a focus on the acquisition and development of projects
in emerging producing gold districts in Brazil, Paraguay and other parts of South America. Currently, Brazil Resources is
advancing its Cachoeira and São Jorge Gold Projects located in the
State of Pará, northeastern Brazil.
Paulo Pereira,
Brazil Resources' Vice President of Exploration has reviewed and
approved the technical information contained in this news release.
Mr. Pereira holds a Bachelor degree in Geology from Universidade do
Amazonas in Brazil, is a qualified
person as defined in NI 43-101 and is a member of the Association
of Professional Geoscientists of Ontario.
Forward Looking Statements
This document contains certain
forward-looking statements that reflect the current views and/or
expectations of Brazil Resources with respect to its business and
future events. Forward-looking statements are based on the
then-current expectations, beliefs, assumptions, estimates and
forecasts about the business and the markets in which Brazil
Resources operates. Investors are cautioned that all
forward-looking statements involve risks and uncertainties,
including: the inherent risks involved in the exploration and
development of mineral properties, the uncertainties involved in
interpreting drill results and other exploration data, the
uncertainties respecting historical resource estimates, the
potential for delays in exploration or development activities, the
geology, grade and continuity of mineral deposits, the possibility
that future exploration, development or mining results will not be
consistent with Brazil Resources' expectations, accidents,
equipment breakdowns, title and permitting matters, labour disputes
or other unanticipated difficulties with or interruptions in
operations, fluctuating metal prices, unanticipated costs and
expenses, uncertainties relating to the availability and costs of
financing needed in the future, commodity price fluctuations,
regulatory restrictions, including environmental regulatory
restrictions, or any failure to integrate acquired companies and
projects into the Company's existing business as
planned. These risks, as well as others, including those set
forth in Brazil Resources' filings
with Canadian securities regulators, could cause actual results and
events to vary significantly. Accordingly, readers should not place
undue reliance on forward-looking statements and information. There
can be no assurance that forward-looking information, or the
material factors or assumptions used to develop such forward
looking information, will prove to be accurate. Brazil Resources
does not undertake any obligations to release publicly any
revisions for updating any voluntary forward-looking statements,
except as required by applicable securities law.
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 news release.
Brazil Resources Inc.
Stephen Swatton, Chief Executive
Officer
Patrick Obara, Chief Financial
Officer
Telephone: (855) 630-1001
SOURCE Brazil Resources Inc.