Brilliant Mining Corp.
TSX VENTURE : BMC

Brilliant Mining Corp.

October 27, 2006 09:00 ET

Brilliant Mining Releases Record Fourth Quarter Production Results

Lanfranchi Nickel Mine, Western Australia

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 27, 2006) - Brilliant Mining Corp. (TSX VENTURE:BMC) ("Brilliant") reports the production results from its 25% owned Lanfranchi Nickel Mine, located in the world class Kambalda Nickel District of Western Australia for the period ending September 30, 2006.

- Lanfranchi Mine produced a record 55,547 tonnes of ore for the quarter

- Lanfranchi JV approves development of the high grade Winner orebody (132,370 tonnes at 4.1% Ni)

- Deacon zone discovered reporting intersections including 111m at 2.9% Ni and 91m at 2.3% Ni

- Massive sulphide on the basal contact at Deacon returned 6.21m at 7.55% and Ni 2.34m at 5.81% Ni

- Newly delineated 4420 zone including 12m at 3.17% Ni and 11m at 3.29% Ni

Production

The Lanfranchi JV (Brilliant Mining 25% & Sally Malay 75%) produced a record 55,547 tonnes of ore during the quarter ending September 30, 2006 at an average grade of 2.29% Ni for 1,272 tonnes of contained nickel metal. This resulted in a 19% increase in tonnes mined compared to the previous quarter and a 5% increase in contained nickel metal.



Table 1 - Lanfranchi Mine Operating Statistics (100% Lanfranchi JV)
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Area Details Units 3 months 3 months
ending ending
30 Sep 2006 30 June 2006
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Mining Ore mined dmt 55,547 46,593
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Ni grade % 2.29 2.60
-------------------------------------------------------------------------
Ni metal
contained dmt 1,272 1,212
-------------------------------------------------------------------------
Cu grade % 0.20 0.23
-------------------------------------------------------------------------
Ore Delivered Ore delivered dmt 56,264 46,413
-------------------------------------------------------------------------
Ni grade % 2.28 2.60
-------------------------------------------------------------------------
Ni metal
contained dmt 1,283 1,208
-------------------------------------------------------------------------
Cu grade % 0.20 0.23
-------------------------------------------------------------------------


Small scale airleg mining in the Lanfranchi Remnants continued to make a contribution to production during the quarter.

Winner Orebody

The Lanfranchi JV has approved development of the Winner high grade orebody. Winner is located approximately 1km north of the main Lanfranchi workings and up-dip of Schmitz. The orebody is located 155m vertical 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 JORC Indicated Resource is 110,551 tonnes at 5.56% Ni at a 1%Ni cut-off and contains 6,147 tonnes of Ni metal.

A feasibility study was completed during the quarter and a Mining Reserve of 132,369 tonnes at 4.1% Ni containing 5,426 tonnes of Ni metal was estimated. Access to the orebody will be via a separate decline from a new box-cut position 2.6km north of the current Lanfranchi office/workshop complex. The tender for the box-cut has been awarded and the contractor has mobilised to site. A decline will then be driven in fresh rock commencing in February 2007 utilising Lanfranchi JV personnel and equipment. The mining method proposed is cut and fill with paste backfill similar to the method employed at Helmut South and will ensure high ore recovery rates and maximum flexibility. The duration of the overall project is expected to be 29 months, based on four months for surface works and 25 months of decline development and mining.

New Deacon Discovery

The latest drill program completed in the vicinity of the Helmut South orebody encountered massive and broad zones of matrix nickel sulphide mineralisation well outside the previously defined resource limits of the Helmut South orebody. This new mineralised zone has been named "Deacon". Three follow-up holes were drilled into Deacon from existing ore drive positions with best results including 90.9m grading 2.29% Ni and 111.0m grading 2.90% Ni (see Figure 1). Massive sulphide on the basal contact at Deacon returned 6.21m at 7.55% and Ni 2.34m at 5.81% Ni. The assay results for these drill holes are summarized in the table below.



Table 2- Lanfranchi Project - Deacon Discovery - Additional Resource
Potential
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Drill Hole Northing Easting RL Dip/Brg From To Interval(m) Ni%
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HS212 513933 391765 5200 -27/230 117.59 155.00 37.4 2.07
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HS215 513933 391765 5200 -26/241 122.09 213.00 90.9 2.29
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Including 192.00 213.00 21.0 3.24
---------------------------------------------------------------------------
Including Massive sulphide on basal contact 209.48 211.82 2.34 5.81
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HS233 513897 391680 5310 -37/270 61.92 79.00 17.08 1.68
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HS234 513897 391680 5310 -47/224 67.00 178.00 111.0 2.90
---------------------------------------------------------------------------
Including 132.00 143.00 11.0 4.29
---------------------------------------------------------------------------
Including Massive sulphide on basal contact 169.07 175.28 6.21 7.55
---------------------------------------------------------------------------
HS235 513933 391680 5140 -18/290 NSR
---------------------------------------------------------------------------


Note: NSR - no significant result, barren basalt contact. It should also be noted that the drill positions and orientations of the five holes completed in this drill program were not optimal to test the thickness of the mineralisation and that each mineralised interval is expected to have a considerable down plunge component. A dedicated drill drive will be developed in the next few months to provide an improved orientation to conduct drill delineation on this new zone which is open to depth.

To view Figure 1, New Deacon Discovery - Plan View, click the following link: http://www.ccnmatthews.com/docs/ndd1.jpg.

4420 Zone

The recently discovered high-grade footwall lode encountered in the Helmut South 4420 level returned significant intercepts of 12m at 3.17% Ni and 11m at 3.29% Ni. The Lanfranchi JV is currently modeling a resource from the recently completed delineation drill program on the 4420 zone.

Schmitz Extension

Mine planning work on the Schmitz Extension Mineable Reserves of 86,049t at 2.92% Ni for 2,512t Ni contained (assuming mechanized, longhole stoping) continued during the quarter. This could be mined concurrent with Winner next year.

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.

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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