Brilliant Mining Corp.
TSX VENTURE : BLT

Brilliant Mining Corp.

June 19, 2009 18:17 ET

Brilliant Mining Reprices and Grants Stock Options

EDMONTON, ALBERTA--(Marketwire - June 19, 2009) - Brilliant Mining Corp. (TSX VENTURE:BLT) ("Brilliant" or the "Corporation") announced that the Board of Directors of the Corporation (the "Board") has granted stock options pursuant to the Corporation's incentive stock option plan to acquire an aggregate of 1,175,000 common shares of the Corporation ("Common Shares") at an exercise price of $0.15 per Common Share, of which 1,050,000 are being granted to insiders of the Corporation ("Insiders").

The Board also approved, subject to approval of the TSX Venture Exchange, the repricing of outstanding stock options to acquire an aggregate of 2,367,500 Common Shares with exercise prices of between $1.10 and $5.00 per Common Share, to $0.15 per Common Share. Of the stock options to be repriced, stock options to acquire an aggregate of 1,925,000 Common Shares are held by Insiders. The amendment to the exercise price of outstanding stock options held by Insiders was approved by disinterested shareholders at the special meeting of the Corporation held on May 19, 2009.

About Brilliant

Brilliant Mining Corp. is a well-funded two time TSX-Venture Top 50 award winning resource company in search of undervalued resource projects. The Company'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. Backed by a well respected management team and $5.0 million treasury, Brilliant is well positioned to make acquisitions in today's tumultuous market.

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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