SOURCE: Brazil Gold Corp.

February 15, 2011 09:00 ET

Brazil Gold Taps Director Leigh Freeman for CEO & Chairman; Sees "Accelerated Pace" in the Months Ahead

BELLEVUE, WA--(Marketwire - February 15, 2011) - Brazil Gold Corp. (OTCBB: BRZG) ("Brazil Gold"), a precious metals exploration company focused on Brazil, today announced its Board of Directors had appointed Leigh Freeman to Chief Executive Officer and Chairman of the Board.

"Having joined the Brazil Gold Board last December in an active, hands-on role, I've rarely seen such a dedicated, veteran mining management team with unrivalled knowledge of a mining-friendly and mineral-rich region," said Leigh Freeman, newly appointed Chairman and CEO.

"I am pleased and proud to have this ground floor opportunity to lead an outstanding, growing team of senior mining execs, seasoned geologists and excellent support staff as we work together to build a valuable mining enterprise in Brazil."

"With our rapidly growing pipeline of prospective properties in various stages of evaluation, we are off to a fast start having recently signed LOIs to acquire two highly prospective properties, subject to our considerable due diligence. We announced the Luziania Gold Project in Goias State, Brazil last month, and the Ghana-Connection property in the Brazilian Shield yesterday," Mr. Freeman added.

"Going forward, we expect to accelerate the pace of bringing additional properties under LOI in the months ahead for our active due diligence -- both in the field and in the data rooms. Our team has deep mining industry connections throughout the region which is proving a huge competitive advantage. We know the properties, the owners, who is good to work with -- and the best property owners are equally interested to work with the highly respected prospecting team of Brazil Gold."

As Chairman and CEO, Mr. Freeman succeeds Thomas Sawyer, who has resigned, bringing to three the number of Board members at this time.

Leigh Freeman
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 $400 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.

Mr. Freeman serves as Chief Executive Officer, President and a Director of El Condor Minerals, a precious and base metals exploration company active in Peru and Chile. 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.

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; conversion of an LOI into, and completing, a binding agreement for mineral project acquisitions; as well as the prospects, forecasts and projections for such mineral projects under LOI or owned; 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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