Brilliant Mining Corp.
TSX VENTURE : BMC

Brilliant Mining Corp.

May 29, 2006 13:09 ET

Brilliant Receives AUD $ 1.28 Million for April Nickel Deliveries; Lanfranchi Nickel Mine, Western Australia

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 29, 2006) - Brilliant Mining Corp. (TSX VENTURE:BMC) ("Brilliant") is pleased to announce the receipt of April nickel sale proceeds totaling AUD$ 1,284,000 from the recently acquired 25% interest in the Lanfranchi Nickel Mine, located in the world-class Kambalda nickel district of Western Australia. April's delivery of proceeds represents the highest revenues since the recommencement of mining operations in 2005.

"With the recent acquisition of the Lanfranchi Mine and ongoing receipt of nickel proceeds, Brilliant is now well positioned to benefit from its leverage to today's robust nickel and base metal prices," states Brilliant President Mike Sieb. "Given that the mine production is still in the ramp up stage, we are very encouraged with the initial level of proceeds achieved to date."

The April proceeds were derived from the delivery of 14,054 tonnes of nickel ore to the BHP Billiton concentrator at Kambalda. Brilliant will continue to receive nickel and copper sales revenues from the Lanfranchi mine via a long-term Ore Tolling and Concentrate Purchase Agreement with BHP Billiton.

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.

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.

On behalf of the Board of Directors

Mike Sieb, B.Sc., MBA, President

Brilliant Mining Corporation

For further information about Brilliant Mining Corporation, or this news release, please visit our website at www.brilliantmining.com.

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.

Contact Information

  • Brilliant Mining Corporation
    Mike Sieb
    President
    (604) 331-2263 or Toll Free: 1-888-331-2269
    (604) 646-4526 (FAX)
    Email: mikes@brilliantmining.com
    or
    Brilliant Mining Corporation
    Derek Iwanaka
    Investor Relations
    (604) 331-2269
    or
    Brilliant Mining Corporation
    Tony Reda
    Investor Relations
    (604) 646-4534
    Website: www.brilliantmining.com