SOURCE: Brazil Gold Corp.

December 23, 2010 08:00 ET

Brazil Gold Appoints Veteran Mining Exec Leigh Freeman to Board of Directors

BELLEVUE, WA--(Marketwire - December 23, 2010) - Brazil Gold Corp. (OTCBB: BRZG) ("Brazil Gold"), a precious metals exploration company focused on the Amazon region of Brazil, today announced it has appointed veteran mining industry executive Leigh Freeman to its Board of Directors, bringing to four the total number of Board members.

Consistent with corporate governance best practices, he joins Hiro Mitsuchi as the Company's second independent Board member. Mr. Mitsuchi, named to the Board of Directors in April, has 50 years business experience including 30 years with Sumitomo Corporation where he served as Head of Overseas Operations. Sumitomo, with a $17 billion market cap and $44 billion in FY 2010 sales, has major operations in the global mining industry.

Mr. Freeman serves as Chief Executive Officer, President and a Director of El Condor Minerals, a precious and base metals exploration company. He is also a principal in Downing Teal, Inc., a Perth, Australia-based global recruiting firm serving the natural resources industries with offices in eleven cities in six countries.

Mr. Freeman is a co-founder of Orvana Minerals Corp., which operates the largest gold mine in Bolivia and today has a market capitalization of $437 million. He also served as Chief Geophysicist for Placer Dome, a NYSE international gold mining company with annual production of approximately 3.6 million ounces of gold and one million ounces of gold equivalent copper in 2005, with reserves of 88.5 million gold equivalent ounces prior to its acquisition by Barrick Gold Corporation for over $10 billion.

Additionally, Mr. Freeman earned a Bachelor of Science degree in Geological Engineering at the Montana College of Mineral Sciences and Technology. He also serves on the industry advisory boards for mining programs at the University of Arizona, Montana Tech, Queen's University and the South Dakota School of Mines.

"With 30 years experience, Leigh is a senior mining industry executive with a successful track record of value creation," said Phillip Jennings, President, Brazil Gold. "Leigh shares my interest and enthusiasm for employing new technological tools for mineral exploration and discovery of ore bodies of major commercial value."

"In addition to his Board duties, Leigh will help lead our initiative to acquire producing, or highly prospective, properties primarily in the Amazon region of South America. The Amazon basin is one of the few places in the world whose precious, base and rare earth mineral potential remains under explored and under developed. Identification, evaluation and purchase of new properties in this region is our top priority."

"We have begun reviewing property proposals and, with Leigh's assistance and expertise, will move forward rapidly," Mr. Jennings added.

Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. The statements by our officers, and other statements regarding optimism related to the business, expanding exploration and development activities and other statements in this press release are forward-looking statements. Such statements are based on current expectations, estimates and projections about the Company's business. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

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