Brilliant Mining Corp.
TSX VENTURE : BLT

Brilliant Mining Corp.

October 02, 2009 16:01 ET

Brilliant Mining Corp Announces Private Placement of Units

EDMONTON, ALBERTA--(Marketwire - Oct. 2, 2009) - Brilliant Mining Corp. (TSX VENTURE:BLT) (the "Corporation" or "Brilliant") is pleased to announce that it is offering on a non-brokered private placement (the "Offering") up to 6,666,667 units (each a "Unit") at a price of $0.15 per Unit for gross proceeds of $1,000,000 if fully subscribed. Each Unit consists of one common share of the Corporation ("Common Share") and one non-transferable share purchase warrant ("Warrant") entitling the holder to acquire one additional Common Share at a price of $0.20 per Common Share within 5 years from the date of issuance.

The Units will be sold to qualified purchasers in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. Insiders of the Corporation may participate in the Offering. If permitted under applicable securities legislation, the Corporation will pay a commission or finder's fee to registrants or arm's length third parties (each a "Finder") in accordance with TSX Venture Exchange policies.

Completion of the Offering is subject to the approval of the TSX Venture Exchange and other regulatory approvals. The Corporation intends to use the proceeds from the Offering for general working capital purposes.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The offered securities mentioned in this press release will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

About Brilliant Mining Corp.

Brilliant Mining Corp. is a well-funded two-time TSX-Venture Top 50 award winning resource company in search of undervalued resource projects. The Corporation's internationally experienced technical team and Board of Directors aim to leverage their broad range of expertise to acquire and develop advanced stage non-commodity specific quality projects.

On behalf of the Board of Directors

John Williamson, P. Geol., CEO, President & Director

Brilliant Mining Corp.

Brilliant Mining Corp. is a member of the Discovery Group of Companies, for more information on the group visit www.discoveryexp.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.

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