Brilliant Mining Corp.

Brilliant Mining Corp.

August 24, 2006 16:05 ET

Brilliant Mining Corp. Announces Acceleration of Expiry Date of Warrants Issued in Connection with February 2006 Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 24, 2006) - Brilliant Mining Corp. (TSX VENTURE:BMC) (the "Corporation") announces that in accordance with paragraph 3 of the Warrant Certificates, representing the non-transferable Series E, EA and F share purchase warrants of the Corporation (collectively, the "Warrants") issued on February 17, 2006. The Corporation has notified the holders of outstanding Warrants that the weighted average trading price of the common shares of the Corporation on the TSX Venture Exchange exceeded $1.00 for a period of 10 consecutive trading days. Accordingly, the right to exercise the Warrants shall now expire at 4:00 p.m. (Edmonton time) on Tuesday, September 25, 2006 ("Expiry Time"), unless exercised prior to the Expiry Time.

About Brilliant Mining Corp.

The Corporation is focused on the production, development and exploration of nickel opportunities world wide. It currently has a 25% interest in the Tramways Tenements which is host to the producing Lanfranchi Nickel Mine in Western Australia and has 3 active nickel projects in Canada, including the Michikamau property in central Labrador.

On behalf of the Board of Directors

"Mike Sieb"

Mike Sieb, B.Sc., MBA
Brilliant Mining Corporation

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

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