Brazilian Gold Corporation

Brazilian Gold Corporation

June 22, 2011 17:49 ET

Brazilian Gold Announces Annual General Meeting Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 22, 2011) - Brazilian Gold Corporation (TSX VENTURE:BGC) ("Brazilian Gold" or the "Company") is pleased to announce the results of its recently held Annual General Meeting of shareholders (the "Meeting"). At the Meeting, shareholders elected one new director, Luis Azevedo, to the Company's Board of Directors. Mr. Azevedo joins Christian Bué, Glen Dickson, James Mellon, John (Ian) Stalker and Joanne Yan who were each re-elected to the Board at the Meeting.

Mr. Azevedo is a lawyer and geologist, currently a partner at FFA Legal & Support Mine/Oil Companies. He has 25 years of business and mining experience in Brazil and has assembled land packages that resulted in four initial public offerings (Talon, Avanco, Beadell and Carnavale) since 2004. Previously Mr. Azevedo worked for Western Mining, Barrick and Harsco. He holds a Geology Degree from Universidade Do Estado Do Rio De Janeiro, a Law Degree from Faculdade Integradas Candido Mendes and a Master of Law Degree from Pontifice Universidade Catolica Do Rio de Janeiro.

In addition, at the Meeting the shareholders approved the other matters put before the Meeting including the re-appointment of MacKay LLP as the Company's auditor, and an amendment to the Company's Incentive Stock Option Plan to allow for a procedure to ensure that the Company complies with its withholding tax obligations and a provision with respect to the treatment of options that expire during a black-out period. Full details of the matters approved at the Meeting are set out in the Company's management information circular dated May 13, 2011, available on SEDAR.

At the first meeting of the newly constituted Board of Directors held immediately after the Meeting, Christian Bué was appointed as non-executive Chairman of the Board, and the following individuals were appointed as officers of the Company:

John (Ian) Stalker, Chief Executive Officer
Joanne Yan, President
Jonathan Ronkai, Chief Financial Officer
Garnet Dawson, Vice President, Exploration
Cyndi Laval, Corporate Secretary

The Board of Directors elected Glen Dickson (Chair), Christian Bué, Luis Azevedo and Joanne Yan as the audit committee; and Christian Bué (Chair), Glen Dickson, James Mellon and John (Ian) Stalker as the corporate governance and compensation committee.

The Company has also granted incentive stock options to its newly elected director and officer to purchase up to aggregate 440,000 common shares of the Company. The options are exercisable for a five year period at a price of $1.08 per share and are subject to vesting provisions.

About Brazilian Gold Corporation

Brazilian Gold Corporation is a Canadian based public company with a focus on acquisition, exploration and development of mineral properties in northern Brazil. It is the largest holder of exploration concessions (3,546 km2) in the underexplored Tapajós Mineral Province, which historically produced over 30 million ounces of gold largely from alluvial deposits.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Brazilian Gold Corporation
    Ian (John) Stalker
    CEO and Director
    +1 604 602-8188

    Brazilian Gold Corporation
    Joanne Yan
    President and Director
    +1 604 602-8188
    +1 604 677-6243 (FAX)

    Investor Relations
    Tom Hart
    +1 403 701-4278