• District-scale Land Package, 247,000 Acres, In One Of Brazil’s Most
  Prominent Mining Jurisdictions
• Numerous Gold Occurrences Have Been Mined in the Past By Artisanal
  Mining Methods
• Company Now Controls More Than 300,000 Acres (1,200 Square Km) In Brazil

VANCOUVER, Nov. 29, 2011 /PRNewswire/ – Brazil Resources Inc. (the “Company” or
“Brazil Resources”) (TSX-V: BRI) is pleased to announce it has staked
247,000 acres covering the Pireneus region in Goias State, Brazil. The
project area is located approximately 150 km west of Brasilia and
contains several occurrences of historic artisanal gold mining
operations.

After completing a preliminary review of available exploration data and
examining neighbouring projects, the Company’s geological team is
encouraged by the potential of the new project area. Goias State is an
emerging gold-producing district in Brazil with increasing production
from the Kinross-Anglogold Ashanti Crixas Mine and Yamana Gold’s
Chapada Mine, and total qualified gold resources of more than 7 million
ounces. The Company has identified areas of initial interest based on
geophysical surveys and regional geochemical sampling. A regional
exploration program is scheduled to begin immediately upon obtaining
the requisite exploration license, which will include mapping, stream
sediment sampling, soil sampling and geophysical reconnaissance on
these areas.

President and CEO Stephen Swatton stated, “Today’s announcement is a
significant development in realizing our goals to establish a
diversified project portfolio throughout Brazil by adding this
district-sized land package in one of Brazil’s most prominent mining
jurisdictions. We continue to be excited by the potential of our
exploration activities in the Gurupi Belt, including our pending
drilling program at Montes Áureos, which is currently our primary
project.”

The staked area is being acquired by the Company through an application
to the Brazilian National Department of Mining Production for a new
exploration license, which has priority and is pending approval. 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 annual land fees.

The Company is also pleased to announce that it has appointed Paulo
Pereira as Vice President-Exploration. Mr. Pereira has been serving as
a member of the Company’s technical team, and has been instrumental
thus far in the Company’s exploration and acquisition strategy in
Brazil. For his full bio, and the bio of the other members of the
technical team, please read the Company’s release dated May 16, 2011,
available on the Company’s website at www.brazilresources.com.

Mr. Pereira supervised the preparation of the technical information
contained in this news release. He holds a Bachelor degree in Geology
from Universidade 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 newly public mineral exploration company with a
focus on the acquisition and development of projects in emerging
producing gold districts in Brazil and other parts of South America.
Currently, the Company is advancing its Montes Áureos, Trinta and Maua
Gold Projects located in the Gurupi Gold Belt in the state of Maranhão,
northeastern Brazil. Brazil Resources is also seeking to acquire and
develop additional gold properties within Brazil and in additional
emerging gold districts in South America.

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 projects,
including the newly staked project area in the Pireneus Region of Goias
State, Brazil, 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 will be able to obtain required exploration
licenses and other 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.