Brazauro Resources
TSX VENTURE : BZO

November 16, 2005 09:30 ET

Brazauro Resources Corporation: Tocantinzinho Strike Length of 650 Meters Confirmed, with Additional Long Mineralized Intercepts and High Grade Zones

HOUSTON--(CCNMatthews - Nov 16, 2005) -

Brazauro Resources Corporation (TSXV:BZO) is pleased to report that analytical results have been received for core samples from the final seven holes of the 14 hole 3,759-meter Stage III drilling campaign at its TZ gold project located in the Tapajos Region of Para State, Brazil. The results of this drilling phase show an extended strike length of mineralization of greater than 650 meters and confirm the earlier reported long intercepts of low grade mineralization with several zones of high grade from 26.82 to 374.40 grams of gold per tonne over widths of 2.5 to 0.85 meters. The table below gives a complete summary of analytical results for all fourteen holes of this drilling phase. Results from holes 05-28 to 05-34 have not been previously reported.



Hole # Total Depth Interval (meters) Grams gold
(meters) From To Length per tonne
----------------------------------------------------------------------
TOC 05-21 315.6 80.0 314.0 234.0 (767.8ft) 1.31
------------------------------------------------
including 290.8 314.0 23.2 (76.1ft.) 3.29
------------------------------------------------
300.2 302.0 1.8 (5.9ft.) 26.82
----------------------------------------------------------------------
TOC 05-22 280.4 12.2 238.2 226.0 (741.5ft.) 1.44
------------------------------------------------
including 50.0 97.3 47.3 (155.2ft.) 2.19
------------------------------------------------
154.8 238.2 83.4 (273.5ft.) 2.26
------------------------------------------------
69.5 72.0 2.5 (8.2ft.) 27.96
----------------------------------------------------------------------
TOC 05-23 150.3 70.0 150.3 80.3 (263.5ft.) 0.70
----------------------------------------------------------------------
TOC 05-24 350.5 106.1 281.8 175.7 (576.4ft.) 1.59
------------------------------
including 161.0 262.6 101.6 (333.3ft.) 2.21
----------------------------------------------------------------------
TOC 05-25 213.1 116.5 163.7 47.2 (154.8ft.) 8.24
----------------------------------------------------------------------
including 126.5 127.3 0.85 (2.8ft.) 374.40
----------------------------------------------------------------------
TOC 05-26 150.3 4.6 16.8 12.2 (40.0ft.) 7.46
----------------------------------------------------------------------
TOC 05-27 318.6 68.6 167.0 98.4 (322.8ft.) 0.90
----------------------------------------------------------------------
TOC 05-28 182.0 barren
----------------------------------------------------------------------
TOC 05-29 300.3 46.6 72.9 26.3 (86.3ft.) 0.47
----------------------------------------------------------------------
TOC 05-30 331.3 37.8 54.0 18.2 (59.7ft.) 1.24
------------------------------------------------
105.0 258.0 153.0 (502.0ft.) 1.49
------------------------------------------------
including 166.0 228.0 63.0 (206.7ft.) 2.26
----------------------------------------------------------------------
TOC 05-31 222.5 138.0 212.4 74.4 (244.1ft.) 0.70
----------------------------------------------------------------------
TOC 05-32 321.0 1.5 43.2 41.7 (136.8ft.) 1.89
------------------------------------------------
65.3 111.0 45.8 (150.3ft.) 1.77
------------------------------------------------
including 37.3 38.8 1.6 (5.2ft.) 30.90
----------------------------------------------------------------------
TOC 05-33 317.0 0.0 213.5 213.5 (700.5ft.) 0.11
----------------------------------------------------------------------
TOC 05-34 306.3 168.5 306.3 137.8 (452.1ft.) 0.56
------------------------------------------------
including 278 306.3 28.3 (92.9ft.) 1.04
----------------------------------------------------------------------
Intercepts calculated at a cut-off grade of 200 ppb Au



The above table addresses the recently obtained assay information for the last seven drill holes of the completed drilling campaign.

Highlights of the final seven drill holes are as follows:

-- Holes #TOC 05-28 and #TOC 05-29 targeted the extension of mineralization at the northwest limit of the western strand of the gold zone. Neither drill hole intersected significant mineralization. However, the northwestern of the two holes, TOC 05-29 intersected 26.3 meters of 0.47 g Au/t, suggesting that mineralization may continue to the northwest, towards the broad circular magnetic low reported in the last press release.

-- Hole #TOC 05-32 was placed to check the same northwestern limit of the main mineralized zone, approximately 55 meters to the southeast of TOC 05-28. This hole crossed two zones of significant gold mineralization. From 1.53 meters to 43.2 meters, 41.8 meters averaged 1.89 g Au/t, and from 65.2 to 111.0 meters, 45.8 meters averaged 1.77 g Au/t. Intervals of lower grade gold mineralization were also intersected at depth. A remarkable feature of this drill hole is the presence of a narrow subvolcanic rhyolite porphyry dike, probably closely related to mineralization, which contains visible native gold in quartz veinlets near the dike's margin. Rhyolite porphyry dikes are more prolific towards the northwestern edge of the area drilled to date. They appear to head for the northwestern magnetic low.

-- Hole #TOC 05-30 was drilled in an opposing direction to hole TOC 04-16, which was reported last year as having made a significant gold intersection (165 meters @ 1.65 g Au/t). Hole TOC 05-30 was designed to check the western or opposing boundary of the mineralization. The main body of gold mineralization was intersected at a depth of 105 meters, continuing to 258 meters, for a total of 153 meters at an average grade of 1.49 g Au/t. The indicated true width along this cross section is approximately 100 meters.

-- Hole #TOC 05-31 was drilled along the same cross section but in the opposite direction to hole TOC 04-09. From a depth of 138 meters to 212.4 meters, the hole intersected 74.4 meters of 0.70 g Au/t, indicating a true cross-sectional width of 125 meters.

-- Hole #TOC 05-33 was designed to drill for the continuity of mineralization at the farthest point to the southeast along the trend. It intersected a broad pyritic zone but with little quartz veining. The intersected zone was anomalous in gold from surface to a depth of 213.5 meters, averaging 0.11g/t Au. The hole failed to make a significant intersection of higher grade gold. With the relatively low grade of gold values in the nearest drill hole to the northwest (#TOC 05-27) it appears that gold mineralization weakens in this direction and the main body of gold mineralization may have been cut off by the crosscutting magnetic high. Magnetic indications show a potential short offset to the east with continuation of the magnetic low associated with mineralization to the southeast.

-- Hole #TOC 05-34 was drilled along the mineralized trend to cross the sheeted quartz stockwork vein trends at an optimal (maximum) intersection angle. This hole has the same southeasterly bearing as holes #TOC 04-17 and #TOC 04-19 but was collared farther to the southeast, to complete information for a long section along the axial trend of the stockwork mineralization. The hole followed a barren dike of andesite to a depth of 68 meters where it crossed into mineralized granitic rocks that continued to the bottom of the hole. TOC 05-34 intersected 137.8 meters grading 0.56 g Au/t including a section of 28.3 meters grading 1.04 g Au/t at the extreme bottom of the drill hole.

Management is upbeat about the size and grade of gold mineralization outlined at TZ. The table below summarizes the most significant drill hole mineral intercepts made at TZ during the two earlier stages of drilling.



Hole # Length Grams gold Hole # Length Grams gold
meters feet per tonne meters feet per tonne
---------------------------------- ----------------------------------
TOC 04-01 91.9 301.5 1.01 TOC 05-21 234.0 767.8 1.31
----------------------- ----------------------
including 38.4 126.0 1,41 including 1.8 5.9 26.82
---------------------------------- ----------------------------------
TOC 04-04 170.2 558.4 1.84 TOC 05-22 226.0 741.5 1.44
----------------------- ----------------------
including 16.6 54.5 4.87 including 2.5 8.2 27.96
---------------------------------- ----------------------------------
TOC 04-05 128.9 423.0 1.33 TOC 05-23 80.3 263.5 0.70
---------------------------------- ----------------------------------
TOC 04-06 114.1 374.4 1.55 TOC 05-24 175.7 576.4 1.59
---------------------------------- ----------------------
TOC 04-09 78.0 255.9 1.06 including 101.6 333.3 2.21
---------------------------------- ----------------------------------
TOC 04-10 42.0 137.8 1.20 TOC 05-25 47.2 154.8 8.24
---------------------------------- ----------------------------------
TOC 04-11 174.0 570.9 2.41 including 0.9 2.8 374.40
----------------------- ----------------------------------
including 4.0 7.3 20.50 TOC 05-26 12.2 40.0 7.46
----------------------- ----------------------------------
Including 16.0 52.5 4.98 TOC 05-27 98.4 322.8 0.90
---------------------------------- ----------------------------------
TOC 04-15 84.0 275.6 1.00 TOC 05-30 153.0 502.0 1.49
----------------------- ----------------------
including 31.4 103.0 1.72 including 63.0 206.7 2.26
---------------------------------- ----------------------------------
TOC 04-16 165.4 542.7 1.65 TOC 05-31 74.4 244.1 0.70
---------------------------------- ----------------------------------
TOC 04-17 283.2 929.2 1.63 TOC 05-32 41.7 136.8 1.89
----------------------- ----------------------
including 79.2 259.9 2.86 including 45.8 150.3 1.77
---------------------------------- ----------------------
TOC 04-18 48.0 157.5 2.25 including 1.6 5.2 30.90
---------------------------------- ----------------------------------
TOC 04-19 137.8 452.1 1.15 TOC 05-34 137.8 452.1 0.56
----------------------- ----------------------
including 70.0 229.7 2.11 including 28.3 92.9 1.04
---------------------------------- ----------------------------------



A preliminary independent resource estimate will be calculated before the end of the year, based on the holes drilled through the end of Phase III

Brazauro has signed a 3,000-meter drilling contract for continued drilling at TZ. Core drilling will be initiated as soon as the drill contractor brings its new diesel core rig on site. This is presently estimated to occur during January 2006. At least ten holes are planned in the next phase: to better outline the size and shape of the known mineralization, and to probe the most attractive geophysical anomalies especially to the southeast. Field crews are busy at this time extending geochemical sample lines to the northwest of the drilled zone. When completed, they will begin sampling to the southeast.

At Brazauro's Mamoal Project, a diamond drill rig is currently being moved onto the project site. Core drilling, slated to begin by November 18, will test the broad linear geochemical anomalies outlined by the 750-sample soil auger program that was completed in September. Between five to ten holes have been planned to initially test the geochemical gold anomalies. Initial depths are planned at about 200 meters per drill hole.

Sampling procedures

The recovered NTW and BTW-size cores are split in half by a standard rock saw. One-half is sent to the laboratory in intervals generally of two metres length, depending on geologic parameters but not greater than 3.5-metre. The remaining half-core is stored on site. The samples were bagged in lots of 10 and flown from the project site to Itaituba, from where they were air freighted to the Lakefield Geosol Laboratorios Ltda. (LGL) sample prep facility at Parauapebas in Para state.

Based on initial analytical results, an intermediate preparation procedure was chosen over the usual standard prep procedure. Samples are dried at 105 C, crushed to two millimetres, homogenized, and then a one-kilogram split is taken from approximately two kilograms to three kilograms of material (as opposed to a 250-gram split for the standard procedure). This material is pulverized to minus-150 mesh and a 50-gram split is then taken from this portion for the fire assay.

At Parauapebas, one blank (pure pulverized quartz) is inserted every 40 samples and a sieve test for crushing (90 per cent -- two millimetres) and pulverizing (95 per cent to 150 per cent) is performed every 20 samples. The pulps (150 grams) were then air freighted to the Lakefield Geosol analytical laboratory in Belo Horizonte for fire assay/AAS analysis. LGL is an ISO9001/2000-certified mining and environmental analysis laboratory, and, in addition, participates in various interlaboratory proficiency testing programs.

In addition to the laboratory quality control, Brazauro has added its own check samples every 10th sample.

The Tocantinzinho and Mamoal projects lie along a major west-northwest-east-southeast striking mineralized trend in the Tapajos that hosts several significant productive garimpos including Sao Jorge, Cuiu Cuiu and Bom Jardin, all of which host extensive primary gold mineralization.

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.

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