• Company Now Controls More Than 50,000 Acres (200 Square Km) in One of
  Brazil’s Most Rapidly Emerging Gold Belts
• New Project Is Highly Prospective With Known Gold Occurrences and
  Historical Artisanal Gold Production

VANCOUVER, Sept. 15, 2011 /PRNewswire/ – Brazil Resources Inc. (the “Company”
or “Brazil Resources”) (TSX-V: BRI) is pleased to announce the
acquisition of the 24,678 acre Maua Project in the emerging Gurupi Gold
Belt located in Maranhão State, Brazil. The project is located
approximately 2.5 km. west of the Company’s Montes Áureos Gold Project.
This is the Company’s third acquisition in the Gurupi Gold Belt, and
increases the total land package here to 53,263 acres.

Most known gold mineralization within the Gurupi Gold Belt is situated
along the Cipoeiro, Chega Tudo or Sequeiro Trends as shown in the map
below. Recognized gold occurrences and historical production on the
Maua property are located on-trend with other gold occurrences and
artisanal workings along the Sequeiro Trend.

The project area is being acquired by the Company through an application
by an agent to the Brazilian National Department of Mining Production
(the DNPM) for a new exploration license, which has been approved and
is pending formal publication. The Company’s plan at Maua is to perform
detailed soil sampling, trenching and auger drilling, starting with
historical artisanal production sites, with the objective of
delineating initial drill targets. The initial $120,000 program, to
commence immediately, includes geological mapping and geochemical
reconnaissance sampling over the entire property, with detailed soil
sampling over a selected area.

President and CEO Stephen Swatton stated, “The acquisition of the Maua
Project is exciting for the geological team here, and advances the
Company’s strategy of exploring a number of highly prospective
properties located in emerging gold belts, each with major historical
and/or current artisanal production. We continue to actively evaluate
acquisition terms for both early-stage and advanced projects as part of
our growth plan.”

The initial term of the exploration license is three years from the date
of official publication. Under the terms of the license, in addition to
its exploration programs and other requirements under the license and
applicable law, the Company will be responsible for the annual land
fees.

About the Gurupi Gold Belt

The Gurupi Gold Belt is an underexplored and emerging geological region
that hosts several large gold deposits. At present, recognized mining
companies including Kinross Gold, Jaguar Mining and Luna Gold are
active with exploration programs, and are putting mines into
production. The assets of these miners are located within 20 km of the
Company’s Montes Áureos, Trinta and Maua Projects. The Gurupi Gold Belt
is part of the same geological provenance as the West African Shield
which has produced more than 30 million ounces of gold.

Paulo Pereira, a member of the Company’s technical team, has supervised
the preparation of the technical information contained in this news
release. Mr. Pereira holds a Bachelor degree in Geology from
Universidad Do Amazonas in Brazil, is a qualified person as defined in
National Instrument 43-101 and is a member of the Association of
Professional Geoscientists of Ontario.

About Brazil Resources Inc.

Brazil Resources is a mineral exploration company with a focus on the
acquisition, exploration and development of mineral properties in the
emerging gold districts of Brazil and in additional prolific areas of
South America. Currently, the Company’s principal property is the
Montes Áureos Gold Project, located within the Gurupi Gold Belt in the
state of Maranhão, Brazil.

FORWARD LOOKING STATEMENTS

This news release contains certain forward-looking statements that
reflect the current views and/or expectations of the Company with
respect to its performance, business and future events, including
statements regarding the Company’s plans in respect of its Montes
Áureos, Trinta and Maua projects and its future acquisition strategy.
Forward-looking statements are based on the then-current expectations,
beliefs, assumptions, estimates and forecasts about the business and
the industry and markets in which the Company operates, including that:
the current price of and demand for minerals being targeted by the
Company will be sustained or will improve; the Company´s current
exploration programs and objectives can be achieved; the Company’s
ability to obtain required licenses and permits; general business and
economic conditions will not change in a material adverse manner;
financing will be available if and when needed on reasonable terms; the
Company will not experience any material accident; and the Company will
be able to identify and acquire additional mineral interests on
reasonable terms or at all. Forward-looking statements are not
guarantees of future performance and involve risks, uncertainties and
assumptions which are difficult to predict. Investors are cautioned
that all forward-looking statements involve risks and uncertainties,
including: that the Company has a limited operating history; that
resource exploration and development is a speculative business; that
the Company may lose or abandon its property interests or may fail to
receive necessary licenses and permits; that the Company’s properties
are in the exploration stage and are without known bodies of commercial
ore; that the Company may not be able to obtain all necessary permits
and approvals on any of its properties; that environmental laws and
regulations may become more onerous; that the Company may not be able
to raise additional funds when necessary; potential defects in title to
the Company’s properties; fluctuations in currency exchange rates;
fluctuating prices of commodities; operating hazards and risks;
competition; potential inability to find suitable acquisition
opportunities and/or complete the same; and other risks and
uncertainties listed in the Company’s public filings. These risks, as
well as others, could cause actual results and events to vary
significantly. Accordingly, readers should not place undue reliance on
forward-looking statements and information, which are qualified in
their entirety by this cautionary statement. 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. The Company 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.

SOURCE Brazil Resources Inc.

Image with caption: “Figure 1 – The Sequeiro, Chega Tudo and Cipoeiro Trends of the Gurupi Gold Belt. (CNW Group/Brazil Resources Inc.)”. Image available at: http://photos.newswire.ca/images/download/20110915_C3594_PHOTO_EN_3318.jpg