SOURCE: Brazilian Mining Corporation

July 15, 2010 08:30 ET

Terrax Agrees to Terms on an Eight Year, 16 Million Dollar Contract

GARDNERVILLE, NV--(Marketwire - July 15, 2010) -  Brazilian Mining Corporation (PINKSHEETS: BRZM) -- Terrax, Inc., a fully owned subsidiary of Brazilian Mining Corporation, announced today that an agreement has been reached with the Government of Pakistan for the deployment of 24 Theia systems at critical locations on the highway system throughout Pakistan. Terrax has been in negotiation with agencies in the Pakistan Government and recently agreed to the financial terms and scope of the project.

JAR Systems PVT Ltd, the Prime Contractor operating on behalf of the Pakistan Government for the deployment of the Theia Systems, stated the following: "An agreement was reached on the deployment of 24 Theia systems. The Theia Systems will provide an immediate and significant deterrent to terrorist activities. For the first time, Pakistan will have the capability to detect threats, from a distance, and provide security officials with the time and necessary information to mitigate that threat." Senior officials with Terrax have been asked to schedule the formal contract-signing event in Islamabad Pakistan and to begin work on the project immediately after that event.

The project will provide Theia systems with trace explosive detection, 3D Facial recognition capabilities, hypersensitive thermal sub-surface threat detection, and uniform / vehicle authentication components. Mr. Murray Owen, CEO of Terrax, announced: "The deployment of the Theia systems in support of keeping the transportation sector safe and secure has been part of our long-term market strategy. We have been working on the Pakistan highway project for several months and have finally reached agreement on the financial modalities and contract scope. Our support of this project will consist of all aspects of equipment deployment, and service and support over an 8-year time frame. We are excited to contribute to the stability of Pakistan and the region."

About Terrax, Inc.

Founded in 2000, Terrax is a solutions integrator of image data and hyperspectral imaging to provide real time detection and alert systems for civilian applications. More information can be found at http://www.terrax.us

About Brazilian Mining

Brazilian Mining (BRZM) focuses on evaluating various potential acquisitions. Previously, it engaged in exploring and mining diamond properties in Brazil. Terrax, Inc. is now a fully owned subsidiary of Brazilian Mining Corporation. The company is based in Gardnerville, Nevada.

Forward-Looking Statements: This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," "forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, not guarantees of Brazilian Mining Corporation future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • For further information please contact:
    Michael J. Dillon
    (775) 782-9157
    http://www.brazilianmining.net/
    Brazilian Mining Company
    1528 Highway 395 N, Suite 206
    Gardnerville, NV 89410