Brazilian Gold Corporation
TSX VENTURE : BGC

Brazilian Gold Corporation

January 20, 2011 18:49 ET

Brazilian Gold Announces Management Changes

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2011) - Brazilian Gold Corporation (TSX VENTURE:BGC) (the "Company") announces the appointment of Mr. John (Ian) Stalker as Chief Executive Officer (CEO) of the Company and the resignation of Mr. Alvin Jackson from this position effective January 31st, 2011. Mr. Alvin Jackson will continue as Chairman of the Board and as a non-executive director, but has decided to step down from day to day management duties.

Mr. Stalker is a director of the Company and has over thirty years of development and operational mining experience in many different countries. He has worked his way up from operational roles in the base and precious metals arenas to executive positions in some of the largest mining companies in the world.

Mr. Stalker recently resigned as CEO of Berkeley Resources Ltd., an Australian and London listed public company with its main asset, a uranium development project, in Spain. He was CEO of UraMin Inc. ("UraMin"), a London and Toronto listed public company until its acquisition by Areva in August 2007 for US$2.5 billion. Prior to joining UraMin, Mr. Stalker was a Vice President of Gold Fields Ltd., the fourth largest gold producer in the world at the time.

The Board would like to thank Mr. Jackson for his years of service and dedication. Alvin Jackson commented, "I have enjoyed working with Brazilian Gold over the last 5 years, but have decided to step down as a full time executive. I have full confidence in Ian and the management team, and will continue to help and advise the Company in my capacity as Chairman. The Company has assembled a highly prospective portfolio of gold projects in the last two years and I am confident that with continued exploration over the next year there is potential to increase the number of ounces and to discover new deposits."

The Company has also granted incentive stock options to purchase up to 1,645,000 common shares of the Company to directors, officers, employees and certain consultants of the Company under its stock option plan. The options are exercisable for a five year period at a price of $0.62 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 the Tapajós region of Northern Brazil. For more information on the Company, please visit its website at http://www.braziliangold.ca.

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

Contact Information

  • Brazilian Gold Corporation
    Joanne Yan
    President and Director
    +1 604 602-8188
    +1 604 677-6243 (FAX)
    or
    Brazilian Gold Corporation
    Tom Hart
    Investor Relations
    +1 403 701-4278
    www.braziliangold.ca