Brilliant Announces $10 Million Investment in Ram Power

TORONTO, ONTARIO--(Marketwired - April 30, 2015) - Brilliant Resources Inc. (TSX VENTURE:BLT) (the "Company" or "Brilliant") is pleased to announce that, consistent with its plans announced on April 10, 2015 to become a Tier 1 investment company (the "Proposed COB") under the rules of the TSX Venture Exchange, it has invested $10 million (the "Investment") as part of the approximately $74 million subscription receipt financing (the "Ram Power Financing") by Ram Power, Corp. ("Ram Power") which closed today. Brilliant acquired 2.5 billion subscription receipts of Ram Power at a purchase price of $0.004 per subscription receipt, which will entitle Brilliant to receive upon exchange 1,250,000 post-consolidation common shares of Ram Power (at a deemed price of $8 per share).

As previously announced on April 20, 2015, the Ram Power Financing is part of a larger restructuring transaction (the "Restructuring"). Proceeds from the Ram Power Financing will be held in escrow pending satisfaction of certain release conditions (the "Escrow Release Conditions") related to the Restructuring. There is no certainty that the Escrow Release Conditions will be satisfied. In the event the Escrow Release Conditions are not satisfied, the Investment would be returned to Brilliant, with interest. Ram Power has stated that the Restructuring is expected to be completed within the next several months.

For further details regarding the Restructuring and the Ram Power Financing, please see the press releases of Ram Power issued on April 20, 2015 and today, which can be found under Ram Power's profile at www.sedar.com.

Completion of the Proposed COB is subject to a number of conditions, including TSXV acceptance and disinterested shareholder approval. The Proposed COB cannot close until the required shareholder approval is obtained. There can be no assurance that the Proposed COB will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the Proposed COB, any information released or received with respect to the Proposed COB may not be accurate or complete and should not be relied upon. Trading in the securities of Brilliant should be considered highly speculative.

The TSXV has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

For further information about Brilliant Resources Inc. or this news release, please visit our website www.brilliantresources.com.

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 RELEASE.

Caution concerning forward-looking information

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the possible approvals of the Investment. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and, accordingly, undue reliance should not be placed thereon. Risks and uncertainties that may cause actual results to vary include, but are not limited to, failure of Ram Power to obtain necessary approvals and consents to the Restructuring; failure to obtain regulatory approval of the Proposed COB; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Brilliant disclaims any obligation to update or revise any forward-looking information or statements except as may be required by applicable law.