DGAP-News

Brazil Resources Inc. Issues Letter to Shareholders and Reports on Company Outlook for 2016 - Seite 3

project. In 2014, we completed a NI 43-101 technical report based on
drilling and ground geophysics, which identified a number of targets that
have potential to host unconformity-type uranium mineralization. The Rea
uranium project surrounds Areva's high-grade Maybelle deposit.

In 2016, we plan to complete a winter geophysical program to refine drill
targets for a future drill program. Since mid-2014, uranium prices have
increased by approximately 25%. If this trend continues in 2016, as most
energy analysts anticipate, highly prospective exploration projects such as
the Rea project could benefit.

Analyst Coverage

BRI is covered by several mining analysts and has been featured in industry
publications such as the Northern Miner over the last year. Cantor
Fitzgerald and Rodman & Renshaw (a division of H.C. Wainwright & Co., LLC)
provide regular coverage on the Company's activities.

Outlook

Management is very excited about 2016. There are unprecedented acquisition
opportunities in the markets today and we are in a position to take full
advantage of highly accretive transactions. We continue to evaluate
potential acquisitions of select gold projects and with such acquisitions,
our goal is to realize on their value when markets improve, through joint
venture, sales or advancing exploration and development.

In the longer term, we will continue to be an aggressive explorer and
developer with a portfolio of six projects that offer upside potential. The
mineral resources for five of these deposits are set out in the table
below.

Thank you for being a part of the Brazil Resources family. We welcome your
continued participation in the Company. Please call us at 1-855-630-1001,
or email.

[e-mail] with any questions or comments. Please visit
www.brazilresources.com to keep current.

Yours truly,

Amir Adnani
Chairman
Brazil Resources Inc.

Mineral Resources

De-   Classi-  Cut- Tonnage      Grade             Contained Metal
posit fication off*

                          Gold  Sil-  Cop-  Gold    Gold  Sil-  Cop-  Gold
                                ver   per   Eq.**         ver   per   Eq.
              g/t   Mt    g/t   g/t   %     g/t     Moz   Moz   Mlb   Moz
Whi-  Indica  0.30  79.2  0.51  1.97  0.17  0.88    1.28  5.03  302   2.25
stl-  ted
er1
      Inferr  0.30  145.8 0.40  1.75  0.15  0.73    1.85  8.21  467   3.35
      ed
Sao   Indica  0.30  14.4  1.54  -     -     -       0.72  -     -     -
Jor-  ted
ge2
      Inferr  0.30  28.2  1.14  -     -     -       1.04  -     -     -
      ed
Cac-  Indica  0.35  17.5  1.23  -     -     -       0.69  -     -     -
hoe-  ted
ira3