DGAP-News

Brazil Resources Inc. Issues Letter to Shareholders and Reports on Company Outlook for 2016 - Seite 4

Inferr 0.35 15.7 1.07 - - - 0.54 - - -
ed
Sur- Inferr 0.30 19.4 0.81 - - - 0.50 - - -
ubim4 ed
Boa Inferr 0.50 8.47 1.23 - - - 0.34 - - -
Vis- ed
ta5

*Gold cut-off for all projects except Whistler, which is gold equivalent
cut-off.
** Gold equivalent grade calculation for the Whistler Project resource was
based on 75% recovery for gold and silver, 85% recovery for copper,
US$990/oz gold, US$15.40/oz silver and US$2.91/lb copper.

Technical Reports

1"Technical Report and Resource Estimate for the Whistler Project" prepared
by Robert J. Morris, M.Sc., P.Geo., Susan C. Bird, P.Eng., and Alan Riles,
B.Met., M.AIG, with an effective date of August 15, 2015 and amended and
re-stated November 12, 2015.

2"Technical Report and Resource Estimate on the São Jorge Gold Project,
Pará State, Brazil" prepared by Porfirio Rodriguez and Leonardo de Moraes,
with an effective date of November 22, 2013.

3"Technical Report and Resource Estimate on the Cachoeira Property, Pará
State, Brazil" prepared by Gregory Z. Mosher, P.Geo., with an effective
date of April 17, 2013 and amended and re-stated October 2, 2013.

4"Technical Report on the Rio Novo Gold Project and Resource Estimate on
the Jau Prospect, Tapajos Area, Para State, Northern Brazil" prepared by
Jim Cuttle and Gary Giroux, with an effective date of November 22, 2013.

5"Technical Report on the Boa Vista Project and Resource Estimate on the
VG1 Prospect, Tapajos Area, Para State, Northern Brazil" prepared by Jim
Cuttle, Gary Giroux and Michael Schmulian, with an effective date of
November 22, 2013.

For further information regarding the Company's projects, please refer to
each of the technical reports set forth above, copies of which are filed
under the Company's profile on SEDAR.

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 regions of the Americas. Brazil
Resources is advancing its Cachoeira and São Jorge Gold Projects located in
the State of Pará, northeastern Brazil and its Rea Uranium Project in the
western Athabasca Basin in northeast Alberta, Canada.

Paulo Pereira, Brazil Resources' President, has reviewed and approved the
technical information contained in this news release. Mr. Pereira holds a
Bachelor degree in Geology from Universidade do Amazonas in Brazil, is a
qualified person as defined in NI 43-101 and is a member of the Association
of Professional Geoscientists of Ontario.