• Increases Recently Acquired Pireneus Land Package To 259,000 Acres
• Two Parallel Gold Trends Identified, Each Approximately 11 km Long

VANCOUVER, Dec. 8, 2011 /PRNewswire/ – Brazil Resources Inc. (the “Company” or
“Brazil Resources”) (TSX-V: BRI ; OTCQX: BRIZF) is pleased to announce
that its wholly-owned subsidiary has entered into an option agreement
(the “Option Agreement”) to acquire an 100%-interest in the 12,000-acre
Artulandia Property located in Goias State, Brazil. The Artulandia
Property is contiguous to the Company’s recently announced Pireneus
Project, a 247,000-acre project area located approximately 150 km west
of Brasilia. Goias State is an emerging gold-producing district with
major miners, including Kinross, AngloGold Ashanti and Yamana Gold
active in the region.

Initial stream sediment sampling has identified two parallel
gold-anomalous trends on the property that are each approximately 11 km
in length and are open laterally in both directions. The distribution
of the gold mineralization suggests the possibility of a local source. The Company’s current plan at Artulandia is to perform detailed
geological mapping and soil sampling to define targets for further work
and drilling.

President and CEO Stephen Swatton stated: “The Artulandia Property,
combined with our adjacent Pireneus Project, represents an exciting
opportunity to establish a significant presence in Goias State. We will
immediately seek to increase our understanding of the source of these
gold anomalies.”

The initial stream sediment sampling program identified an 11 km long
gold trend, which was defined by the distribution of samples with
visible gold above 50 colours collected using a constant sample volume
of 10 liters in stream sediment samples. The Company spot re-sampled
the gold trend to verify the initial stream sediment sampling program,
which was conducted by Vila Rica Consultoria Ltda and provided to the
Company by the vendor. The gold trends are located north and south of a
prominent structural feature that is well delineated on regional
geophysical data sets.

Pursuant to the Option Agreement, a wholly-owned subsidiary of Brazil
Resources was granted the option in consideration for an initial
payment of approximately R$100,000 (CDN$57,000) paid to Rodrigo
Vasconcellos De Moraes E Silvia. Under the option, the Company may
acquire a 100% interest in the mineral licences underlying the
Artulandia Property by making additional payments of approximately: (i)
R$50,000 (CDN$28,500) within 6 months; and (ii) R$200,000 (CDN$114,000)
within 12 months of the date of the Option Agreement. If the option is
exercised, an additional R$1,000,000 (CDN$570,000) will be payable by
the Company upon completion of a positive National Instrument
43-101-compliant pre-feasibility study. The vendor will retain a 1.5%
net smelter return royalty on gold production from the property, which
may be reduced to 0.5%, at the option of the Company, for a further
payment of R$1,200,000 (CDN$685,000). Amounts payable by the Company
under the Option Agreement are in Brazilian Reias and Canadian dollar
amounts referenced herein are based on current exchange rates and have
been provided for reference only.

Paulo Pereira, the Company’s Vice President of Exploration has
supervised the preparation of the technical information contained in
this news release and supervised the spot re-sampling conducted by the
Company to confirm the exploration data provided to the Company by the
vendor. Mr. Pereira 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 publicly listed 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
in northeastern Brazil, and its newly acquired Pireneus Gold Project in
Goias State, in central Brazil. Brazil Resources is also seeking to
acquire and develop additional gold properties within Brazil and other
locations 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 the Artulandia
and Pireneus 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 will be able to obtain required exploration
licences 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
licences 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.