DGAP-News

Brazil Resources Announces Results From Technical Report On Its Rea Uranium Project, Western Athabasca Basin

DGAP-News: Brazil Resources Inc. / Key word(s): Miscellaneous
Brazil Resources Announces Results From Technical Report On Its Rea
Uranium Project, Western Athabasca Basin

22.09.2014 / 12:00

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Brazil Resources Announces Results From Technical Report On Its Rea Uranium
Project, Western Athabasca Basin

Vancouver, British Columbia - September 19, 2014 - Brazil Resources Inc.
(the "Company" or "Brazil Resources") (TSX-V: BRI; OTCQX: BRIZF) is pleased
to announce that it has received a National Instrument 43-101 ("NI 43-101")
technical report (the "Technical Report") on its Rea Uranium Project (the
"Rea Project"), Western Athabasca Basin. The Company acquired the Rea
Uranium Project as part of its acquisition of Brazilian Gold Corporation
late last year. It is controlled 75% by Brazil Resources Inc. and 25% by
Areva Resources Canada Inc. The independent Technical Report summarizes
historic exploration programs and highlights two prominent uranium targets
for follow-up exploration.

The Rea Project is located 185 km north-northwest of Fort McMurray, Alberta
in the western portion of the Athabasca Basin, an underexplored area that
has seen renewed exploration activity as a result of recent near surface,
high-grade discoveries in the nearby Patterson Lake area (Rea Location
Map). The Project consists of 12 contiguous exploration permits covering
approximately 885 sq km. that surround Areva's Maybelle River Project,
which hosts the relatively shallow (150 m below surface), high-grade
Maybelle uranium deposit. The Athabasca Basin contains some of the largest
and highest grade uranium deposits in the world and is currently estimated
to contribute approximately 15.5% of the annual world-wide uranium
production.

The recommended exploration program, as outlined in the Technical Report,
is focused on two high priority targets (North Zone and West Zone; Rea
North and West Zone Map). The North Zone target is located directly north
of Areva's permits, where the Maybelle River Shear Zone ("MRSZ") can be
traced for an additional 11 km to the north by geophysics and drilling on
the Rea Project. Historic drilling (7 holes) in this area has tested the
MRSZ over a strike distance of approximately 3 km, with several of these
holes intersecting fault breccias in the overlying Athabasca Basin
sedimentary rocks along with associated clay alteration, dravite,
geochemically anomalous uranium and pathfinder elements (copper, lead,