Brazauro Resources

March 02, 2005 09:30 ET

Brazauro Announces Results of Ground Magnetic Survey at Tocantinzinho, Outlines Initial 2005 Drilling Program


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BRAZAURO RESOURCES

TSX VENTURE SYMBOL: BZO.V

MARCH 2, 2005 - 09:30 ET

Brazauro Announces Results of Ground Magnetic Survey
at Tocantinzinho, Outlines Initial 2005 Drilling
Program

HOUSTON--(CCNMatthews - Mar 2, 2005) -

Brazauro Resources (TSXV:BZO.V) is pleased to announce the results of a
recently completed ground magnetic survey at its Tocantinzinho ("TZ")
project in the Tapajos province, Para State, Brazil, and also its
drilling program for 2005.

A 1700 meter x 600 meter ground-magnetic survey was carried out at the
TZ Project in January of this year, and processing of this data has just
been completed. This program is an expansion of an earlier, much smaller
ground magnetic survey completed in 1997. The combined surveys reveal a
magnetic low trend that appears to be associated with mineralization.
Drilling and magnetic susceptibility measurements of the core during the
past year confirm a strong correlation between magnetic low areas and
mineralization. This suggests that the mineralizing fluids were
magnetite destructive.

The "Ground Magnetic Survey Map" on Brazauro's Web site
(brazauroresources.com) shows that the best and most continuous
mineralized intervals coincide quite clearly with a continuous magnetic
low which trends west northwest. The magnetic low associated with the
strongest mineralization encountered in holes 4, 5, 9, 11, 16 and 17,
continues approximately 150 meters to the southeast of the most southern
drill hole drilled to date (TOC 04-16). The data also suggests a 200 to
300 meter extension of this magnetic low to the WNW of holes 1 and 10.
This correlates well with a gold-in-soil anomaly that has not yet been
tested. Both areas will be drill-tested in April and May of this year.

Twenty diamond drill holes completed last year at the TZ Project
outlined a mineralized body that is at least 500 meters in strike
length, with a true width of approximately 110 meters, and open at 290
meters vertical depth. Drill programs planned for this year are designed
to significantly expand the known dimensions of this mineralization.

Initial 2005 Drill Program at TZ

Brazauro Resources is planning an 8-10-hole, 2200-meter drill program at
the TZ Project to commence in early April 2005. The objective of this
program is three-fold: to test the continuation of mineralization to the
southeast, which to date is completely open; to define the limits of
mineralization at depth and along the eastern boundary of the deposit;
and to test a significant magnetic anomaly to the northwest that appears
to be an extension of the mineralized zone.

The TZ Project lies along a major WNW-ESE mineralized trend in the
Tapajos that hosts several former major alluvial/eluvial producers,
including Brazauro's Mamoal and Batallha projects, Sao Jorge, Cuiu Cuiu,
and Bom Jardin, all of which host extensive primary gold mineralization.

The exploration program is being carried out under the direction of
Dennis Moore, director of Jaguar Resources do Brazil, and Exploration
Manager and following procedures and practices previously disclosed by
the Company. Mr. Moore spent several years exploring the Tapajos on
behalf of Altoro Resources in the late 1990's. Brazauro Resources has
the option to earn a 100% interest in the 40,000-hectare Tocantinzinho
Project by making staged payments in cash and shares and spending US$
1-million in exploration over four years.

"Mark E. Jones, III"

Chairman

The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release. No stock exchange, securities commission or
other regulatory authority has approved or disapproved the information
contained herein. The news release includes certain "forward-looking
statements." All statements other than statements of historical fact
included in this release, including, without limitation, statements
regarding potential mineralization, exploration results and future plans
and objectives of Brazauro Resources, are forward-looking statements
that involve various risks and uncertainties. There can be no assurance
that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from Brazauro's expectations are exploration risks detailed
herein and from time to time in the filings made by the Company with
securities regulators.

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