Brilliant Mining Corp.
TSX VENTURE : BMC

Brilliant Mining Corp.

January 13, 2006 11:00 ET

Brilliant Adds Management Capacity; Appoints Mike Sieb as President

EDMONTON, ALBERTA--(CCNMatthews - Jan. 13, 2006) - Brilliant Mining Corp. (TSX VENTURE:BMC) is pleased to announce the appointment of Mike Sieb as President of the Corporation. In addition, Brilliant has restructured its management team with the appointment of Director John Robins as Chairman of the Board, while the former Chairman, John Williamson will become CEO of the Corporation. The former President and CEO, Sean Mager will continue as CFO and a Director of the Corporation.

Mr. Mager commented, "Our prospects for rapid growth mean that Brilliant must add management capacity. After one season of exploration in Labrador, we have advanced our in-house generated projects by completing airborne electromagnetic (EM) surveys and ground prospecting. Our 100% owned Michikamau Ni-Cu-PGE project hosts several high priority EM targets and small amounts of chalcopyrite were found in a troctolite boulder near one of these anomalies. Subsequent assays confirmed anomalous Copper mineralization (0.3% Cu). This year we will finance a field program that will test these targets through ground geophysics and diamond drilling. With restructured management and the addition of Mike Sieb's skill set and experience, we will advance our early stage projects while pursuing a strategy for world-wide project generation and acquisition."

Pursuant to the agreement with Mr. Sieb, BMC has agreed to grant stock options to Mr. Sieb to acquire an aggregate of 500,000 common shares of BMC ("Common Shares") equal to yesterday's closing price of the Common Shares on the TSX Venture Exchange of $0.33 vesting over an 18 month period. The grant of the stock options is subject to regulatory approval and the Board of Directors of BMC may elect, subject to shareholder approval, to grant the stock options to Mr. Sieb outside of BMC's Stock Option Plan ("Plan"), in which case the terms of the stock options will otherwise be consistent with those of the Plan.

A self-employed geological consultant, Mike Sieb graduated from Concordia University in 1989 with a B.Sc. (specialization in geology) and from the University of British Columbia in 1994 with an MBA. He brings strong technical and management skills to Brilliant, with broad experience in Canadian mineral exploration and the advancement of mineral projects.

Mr. Sieb has served as a director and senior officer in a number of mineral exploration companies, including as Exploration Manager for Northern Empire Minerals (currently Stornoway Diamond Corp.) from 2001 to 2003, where he was an integral member of the team that discovered the Melville Peninsula (Aviat) and the Rankin Inlet kimberlites.

Brilliant is presently applying its strategy in the search for Nickel-Copper (Ni-Cu) and Platinum Group Element (PGE). The Company has property under option with Falconbridge Ltd. near Chesterfield Inlet, Nunavut and numerous claims were acquired in western Labrador based on anomalous mineralization; highly favourable geological criteria; and proximity to infrastructure.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Brilliant Mining Corp.
    Sean Mager
    CFO and Director
    (780) 437-6624 ext.234