Brilliant Mining Corp.

Brilliant Mining Corp.

October 12, 2006 08:30 ET

Brilliant Mining Corp.: Lanfranchi JV Approves Development of the High Grade Winner Orebody

Lanfranchi Nickel Mine, Kambalda District of Western Australia

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 12, 2006) - Brilliant Mining Corp. (TSX VENTURE:BMC) ("Brilliant") today announced that the Lanfranchi JV (Brilliant Mining 25% and Sally Malay 75%) has approved development of the Winner high grade nickel orebody at the Lanfranchi Nickel Mine in the Kambalda District of Western Australia.

Key Point Summary:

- Lanfranchi JV approves development of the high grade Winner orebody

- Winner has an Indicated Resource of 110,551 tonnes at 5.56% Ni containing 6,147 tonnes Ni metal(i)

- Winner Probable Reserve of 132,369 tonnes at 4.10% Ni containing 5,427 tonnes Ni metal(i)

- Box-cut excavation to commence in November 2006 and 1st ore to surface August 2007, subject to receiving necessary statutory approvals

- Winner scheduled to produce ore for 16 months at 8,000-10,000t of ore per month

"Bringing the Winner orebody online in 2007 will dramatically improve the rate of production at the Lanfranchi Mine and significantly increase Brilliant's cash flow." states Brilliant Mining President, Mike Sieb.

Winner is located approximately 1km north of the main Lanfranchi workings and up-dip of the Schmitz ore body. The Winner orebody is located 155 vertical metres below surface and 170m above the existing Schmitz development. It has an elongated cigar shape with a flat dip of 30-40 degrees and is typically 10-20m thick in the east/west plane and 30-60m thick in the north/south plane. The mineralization is predominantly massive sulphides on the basalt ultramafic contact with minor disseminated sulphides hosted in the ultramafic. A feasibility study was recently completed and a Probable Reserve of 132,369t at 4.1% Ni containing 5,426t Ni was estimated.(i)

Proposed Timetable

- October 2006 Statutory approvals received (still outstanding)

- November 2006 Excavate box-cut (contract has been awarded)

- February 2007 Commence decline

- August 2007 First ore production

Access to the orebody will be via a separate portal from a new box-cut located 2.6km north of the current Lanfranchi office/workshop complex. The tender for the box-cut (32 m deep, approx. 170,000bcm) has been awarded and the contractor is scheduled to mobilize to site mid October. A 5m by 5m decline will then be driven in fresh rock commencing in February 2007 utilizing Lanfranchi JV personnel and equipment. The mining method proposed is cut and fill with paste backfill, which is the same method used at the Helmut South orebody, to ensure high ore recovery rates and provide maximum flexibility to deal with unexpected changes in geometry and ability to mine any additional ore that might be discovered outside the current resource base.


- Adds significant Ni production for Brilliant commencing August 2007

- High grade Winner ore will improve grade to mill and should increase payability

- Scope for discovery of additional ore on sidewalls, up-dip and down-dip of current resource shape

- The additional production will spread fixed cost over larger tonnage thereby reducing unit costs

- Since Winner is at a relatively shallow depth, there are no significant geotechnical risks

(i)JORC-compliant Probable Reserve and Indicated Resource estimations have been prepared for the Winner orebody by Lanfranchi Nickel Mines Pty. Ltd., Manager for the Lanfranchi JV.

The project is supervised by John Williamson, PGeol, of Edmonton, Alberta, CEO and a Director of Brilliant, and is the qualified person as defined in National Instrument 43-101.

Options Granted

Brilliant announces that its Board of Directors has granted stock options to Insiders pursuant to Brilliant's stock option plan to acquire up to an aggregate of 2,950,000 common shares of Brilliant ("Common Shares") at an exercise price of $0.80 per Common Share.

About Brilliant Mining

Brilliant Mining Corp. (TSX VENTURE:BMC) is focused on the production, development and exploration of nickel opportunities world wide. The Company currently has a 25% interest in 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, B.Sc., MBA, President

Brilliant Mining Corp.

Certain disclosures in this release, including management's assessment of Brilliant's plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Brilliant's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Brilliant expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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

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