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To: Goose94 who wrote (9242)	1/7/2015 9:26:56 AM
From: Goose94	Read Replies (1) \| Respond to of 203019

Brazil Resources (BRI-V) completes oversubscribed $4.07 Million PP. Jan 7th 2015 - NR Brazil Resources is pleased to announce the successful completion of its previously announced non-brokered private placement of units of the Company at a subscription price of $0.55 per Unit. The aggregate amount of the Private Placement was increased to approximately $4.07 million from the initially announced amount of $2.5 million. Amir Adnani, Chairman, stated: “We are very pleased with the strong support from existing shareholders and new investors for this oversubscribed Private Placement. The proceeds of this financing will allow us to further progress our existing long-term growth strategy." In connection with the Private Placement, the Company paid cash commission equal to 7% on a portion of the gross proceeds raised from the sale of the Units to certain arm’s length parties in the aggregate amount of $132,917, in accordance with the policies of the TSX Venture Exchange (the “TSXV”). A total of 7,399,870 Units were issued under the Private Placement, with each Unit consisting of one common share and one share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one common share of the Company at an exercise price of $0.75 at any time within 60 months from the closing date. The Units, common shares and Warrants issued under the Private Placement are subject to a hold period expiring four months plus one day from closing in accordance with the rules and policies of the TSXV and applicable Canadian securities laws and such other further restrictions as may apply under foreign securities laws. The Company intends to use the net proceeds from the Private Placement to advance its gold projects and its Rea Uranium Project and for strategic initiatives, including the acquisition and exploration of additional mining properties, and for working capital and general corporate purposes. The Units, common shares and Warrants have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Units, common shares or Warrants, in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Brazil Resources Inc. Brazil Resources Inc. is a public mineral exploration company with a focus on the acquisition and development of projects in emerging producing gold districts in Brazil, Paraguay and other parts of South America. Currently, Brazil Resources is advancing its Cachoeira and São Jorge Gold Projects located in the State of Pará, northeastern Brazil. For additional information, please contact: Brazil Resources Inc. Amir Adnani, Chairman Patrick Obara, Chief Financial Officer Telephone: (855) 630-1001