SOURCE: Brazilian Mining Corporation

June 18, 2010 16:00 ET

Terrax Signs Contract With GCC States for $6 Million

GARDNERVILLE, NV--(Marketwire - June 18, 2010) -  Brazilian Mining Corporation (PINKSHEETS: BRZM) -- Terrax, Inc., a fully owned subsidiary of Brazilian Mining Corporation, announces a $6 million contract with the GCC States which include the governments of the UAE, Saudi Arabia, Qatar, Kuwait, and Jordan. The contract will provide a specified number of Theia Systems for each of these countries.

The contract, signed at the SOFEX conference with TekJo in Amman Jordan representing the GCC States, will be delivered over a six to eight month period to each of the member countries. The contract terms include a 50% deposit upon successful demonstration of the Theia system for the targeted environment and with service and support extending over four years.

TekJo is acting as the prime contractor and delivery supplier for the Theia system in the Gulf States. Maher Alfarraj, CEO for TekJo, stated that "we are very excited to be a part of providing a new level of security to our clients. Standoff detection will help us diagnose the threat before it reaches its potential target."

Murray Owen, President of Terrax Inc. stated that "this contract represents the type of demand that governments have for the Theia system as it helps to solve the fundament problem for standoff detection."

About Terrax

Founded in 2000, Terrax is a solutions integrator of image data and hyperspectral imaging to provide real time detection and alert systems for civilian applications. More information can be found at http://www.terrax.us

About Brazilian Mining

Brazilian Mining (PINKSHEETS: BRZM) focuses on evaluating various potential acquisitions. Previously, it engaged in exploring and mining diamond properties in Brazil. Terrax, Inc. is now a fully owned subsidiary of Brazilian Mining Corporation. The company is based in Gardnerville, Nevada.

Forward-Looking Statements: This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," "forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, not guarantees of Brazilian Mining Corporation future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • Contact:
    For further information please contact:
    Michael J. Dillon
    (775) 782-9157
    http://www.brazilianmining.net/
    Brazilian Mining Company
    1528 Highway 395 N, Suite 206
    Gardnerville, NV 89410