VANCOUVER, Nov. 20, 2013 /PRNewswire/ – Brazil Resources Inc. (“Brazil
Resources”) (TSX-V: BRI; OTCQX: BRIZF) and Brazilian Gold Corporation
(“BGC”) (TSX-V: BGC) are pleased to jointly announce that at a special
meeting of shareholders of BGC held earlier today (the “Meeting”), BGC
shareholders voted in favour of the proposed transaction pursuant to
which Brazil Resources will acquire all of the issued and outstanding
common shares of BGC by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”). Over 94% of the shares voted
at the Meeting were voted in favour of the special resolution approving
the Arrangement.

BGC’s application to the Supreme Court of British Columbia to obtain the
final order approving the Arrangement is currently scheduled for
Thursday, November 21, 2013. If court approval is obtained and all
other conditions precedent to the Arrangement are satisfied or waived,
the Arrangement is expected to become effective on or about November
22, 2013.

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, Montes Áureos
and Trinta Gold Projects located in the Gurupi Gold Belt in
northeastern-Brazil, and its Artulandia Copper-Gold Project in central
Brazil.

About Brazilian Gold Corporation

BGC is a Canadian-based public company with a focus on the acquisition,
exploration and development of gold properties located in northern
Brazil. BGC has title to one of the largest mineral exploration land
packages (3,753 km²) in the Tapajós and adjacent Alta Floresta gold provinces. The land
package contains green fields to more advance stage projects including
BGC’s flagship São Jorge project. Rapid improvements to regional
infrastructure continue to provide underlying support to Brazilian
Gold’s activities in northern Brazil.

Forward Looking Statements

This document contains certain forward-looking statements that reflect
the current views and/or expectations of Brazil Resources and/or BGC
(the “Companies”) with respect to their respective business and future
events, including statements regarding the Companies’ beliefs and
expectations regarding the completion and/or timing of the Arrangement.
Forward-looking statements are based on the then-current expectations,
beliefs, assumptions, estimates and forecasts about the business and
the markets in which the Companies operate, including that: the
Companies will be able to obtain all necessary consents and approvals,
including any necessary court, third-party consents and/or regulatory
approval; and other conditions under the Arrangement will be fulfilled
or waived by the parties. Investors are cautioned that all
forward-looking statements involve risks and uncertainties, including
that the Companies may not be able to satisfy and/or obtain a waiver of
their respective conditions to the transaction thereunder. These risks,
as well as others, including those set forth in the Companies’
respective 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. Neither
Company undertakes 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

Brazilian Gold Corporation
Ian (John) Stalker, Chief Executive Officer
Joanne Yan, President
Telephone: (604) 602-8188

SOURCE Brazil Resources Inc.