Brazauro Resources
TSX VENTURE : BZO

October 24, 2005 09:30 ET

Brazauro Outlines New Targets for Exploration at TZ and Mamoal Based on Results of Extensive Geophysical Surveys

HOUSTON--(CCNMatthews - Oct 24, 2005) -

Brazauro Resources Corp. (TSXV:BZO) is pleased to report results of extensive airborne magnetic and radioactive surveys completed over the Company's Tocantinzinho (TZ) and Mamoal project areas in Brazil. Drill results at the Company's TZ Gold Project show that the gold mineralization is coincident with low magnetic zones which appear on surveys previously conducted. The new geophysical surveys have successfully located several large additional magnetic low areas which will now be the subject of further exploration and drilling.

At TZ, 165 square kilometers were flown at 100-meter spacing, and another 365 square kilometers of peripheral ground were flown at 400-meter line spacing. At Mamoal, 150 square kilometers, focused on the most favorable part of the project area, were flown at 100-meter line spacing, with an additional 50 square kilometer area flown at 400-meter spacing.

Both TZ and Mamoal lie along a very prominent west-northwest trending magnetic low that represents a regional shear zone, and which is coincident with major gold mineralization. This prominent magnetic feature is crossed by other east-northeasterly trending linear magnetic low anomalies that are believed to represent crossing structures.

Tocantinzinho

At the southern limit of drilling, the productive magnetic anomaly appears to be offset several hundred meters to the southeast by a magnetic high feature. A magnetic low trough, similar to the one reflecting mineralization at TZ, continues for over a kilometer in a southeast direction, beyond the offsetting magnetically high feature. The continuation of the magnetic trough is a high-priority drill target and will be explored during the next stage of drilling, which is slated to begin the second half of November. Exploration of this anomaly will begin with auger soil geochemical sampling.

The mineralization-related magnetic low extends to the northwest of the drilled area as well, though of somewhat different character than the southeast-extending anomaly. Drilling at TZ has shown that the magnetic trough represents sulfide introduction and destruction of magnetite by hydrothermal solutions. Geochemical sampling is in progress across a significant area northwest of the drilled area.

Review of the geophysical data in and around TZ by two independent geophysical consultants has identified fifteen distinct exploration targets.

Mamoal

At Brazauro's Mamoal project, five magnetically anomalous zones have been identified as exploration targets. Extensive geochemical sampling of the area has delineated several long and narrow gold anomalies that probably represent quartz vein zones. Drill targets have been identified from analytical results of the auger soil-sampling program that is now complete but for a few fill-in geochemical lines. Drilling, consisting of 1000 to 1500 meters, is planned to start here in late November.

Status of Drill Results

The Company's Stage III drilling program was completed at TZ during September 2005. A new core drilling stage (Stage IV) of 3,000 meters is also scheduled to begin in late November 2005. Due to the intensity of mineral exploration throughout Brazil, the analytical laboratory has been slow in reporting results from the handful of still pending drill holes of Stage III. All drill hole results should be available within two weeks and will be announced at that time.

Management is excited about the exploration potential of the TZ area in light of the new geophysical results.

The programs described above and this release have been conducted and prepared under the direction of Steven Zahony BSc, MA (geology), Vice-President of Exploration of Brazauro.

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.

Contact Information