DGAP-News

Brazil Resources Inc. Issues Letter to Shareholders and Reports on Company Outlook for 2016

DGAP-News: Brazil Resources Inc. / Key word(s): Miscellaneous
Brazil Resources Inc. Issues Letter to Shareholders and Reports on Company
Outlook for 2016

27.01.2016 / 15:55
The issuer is solely responsible for the content of this announcement.

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Brazil Resources Inc. Issues Letter to Shareholders and Reports on Company
Outlook for 2016

FOR IMMEDIATE RELEASE

Vancouver, British Columbia - January 26, 2016 - Brazil Resources Inc.
("Brazil Resources", "BRI", or "the Company") (TSX-V: BRI; OTCQX: BRIZF)
today issued a Letter to Shareholders regarding the Company's plans for
2016. The full report from the Company's Chairman, Amir Adnani, follows.

Dear Fellow Shareholder,

On behalf of the board of directors and management of Brazil Resources, I
am pleased to provide this update and outlook for 2016.

First, we sincerely appreciate your continued support of BRI and
management's strategic growth plans. Thank you!

As you know, our growth strategy is premised on taking advantage of
historically low valuations in the commodity business to make accretive
acquisitions of resource projects, primarily in the gold sector. This
strategy is focused on identifying and acquiring projects that present
compelling value to our shareholders. Our project portfolio gives us
meaningful optionality and leverage with, what we believe to be, high
quality gold projects in Brazil, uranium exploration with JV partner Areva
Resources Canada Inc. ("Areva") in the western Athabasca Basin and the
Whistler gold-copper project in Alaska. In 2015, with the acquisition of
the Whistler project, we grew our resource base to 3.7 million ounces gold
and gold equivalent in the indicated category and 5.9 million ounces gold
and gold equivalent in the inferred category. The mineral resource table at
the end of the letter provides details of the resource estimates, including
grades, tonnage and gold equivalents for each of our properties.

The Whistler Gold-Copper Project had approximately 70,000 metres of
drilling completed historically and, with several gold-copper porphyry
deposits identified over an area of 170 square kilometres, it is truly a
district-scale project, which we believe has good potential for resource
expansion. The Company acquired the project for share consideration
resulting in less than 5% dilution to our existing shareholders.

In 2016, we plan to continue to expand our asset base by taking advantage