BGC Brazilian Gold Corporation

Brazilian Gold Corporation (TSX VENTURE:BGC) ("Brazilian Gold" or the "Company")
and Golden Tapajos Mineracao Ltda. ("Golden Tapajos") are pleased to announce
assay results from the first hole (VGDD001) of the recently completed Phase One
(1,188 metres) diamond drill program on the Boa Vista Gold Project. The top part
of drill hole VGDD001 was re-drilled (VGDD001b) to 57.10 metres depth because of
poor recoveries (56%) in the top 29.6 metres of this hole; the collar is located
3 metres south of VGD001. Drill hole VGDD001 intersected 1.43 grams/tonne gold
over 102.3 metres from the collar to the end of the hole and terminated in
mineralization (Table 1). Higher grade intervals include 3.09 grams/tonne over
29.6 metres starting at surface and 2.8 grams/tonne over 13.6 metres starting at
58.4 metres depth. In drill hole VGDD001b, a similar interval (0-29.75 metres)
as in VGDD001 graded 0.68 grams/tonne gold. The higher grades in VGD001 are
likely attributed to poor recoveries and to the nugget effect as a result of
coarse gold; the reader is cautioned that the results for this interval may not
be representative and they strongly bias the average grade of the entire hole.
The hole was a vertical hole and collared in the center of the VG1 anomaly that
was previously described in News Release 5/11 (March 1st, 2011). The true
thickness of the mineralization is uncertain, however a better understanding of
the geometry of this zone is expected when assays from drill hole VGDD002 to
VGDD005 are received from the lab.




Table 1: Assay results from drill hole VGDD-001(i)                          
----------------------------------------------------------------------------
Hole No.                        From (m)    To (m) Interval (m)  Grade (g/t)
----------------------------------------------------------------------------
VGDD001                            0.00     102.3       102.30        1.434 
----------------------------------------------------------------------------
  Including                        0.00     29.60        29.60        3.090 
----------------------------------------------------------------------------
  Including                       58.45     72.03        13.58        2.795 
----------------------------------------------------------------------------
VGDD001b                           0.00     57.10        57.10        0.491 
----------------------------------------------------------------------------
                                   0.00     29.75        29.75        0.675 
----------------------------------------------------------------------------
(i) Samples for the interval from 0 to 29.60 metres in VGDD001 were analyzed
by Nomos Analises Minerais Ltda. for metallic screen gold fire assays. All  
other samples were submitted to Acme Analytical Laboratories Ltd. for gold  
fire assays on samples pulverized to -150 mesh. Due to the coarse nature of 
the gold at VG1, Golden Tapajos has requested the laboratory to complete    
metallic screen assays on all samples. Internal quality control samples were
inserted by the laboratory with acceptable results. External quality control
samples were not inserted in the sample shipments and therefore these       
results cannot be verified by Brazilian Gold. The results are included for  
reference only and the reader should not rely on these assays.              



Drill hole VGD001 intersected silica+sericite+pyrite altered granite with some
inclusions of altered volcanic rock. Higher grade gold intervals are associated
with increased silica and sulphide alteration.


The Company is extremely encouraged by the results from the first drill hole at
VG1, which was collared within the large surface anomaly (greater than 900
metres long by 135 metres wide) identified in the trenching program. Additional
drill holes will be required to test for higher grades zones within this large
alteration system at VG1. The VG1 target is one of more than 6 targets on the
Boa Vista property that are prospective for both bulk mineable and high grade
gold mineralization. Once all results from the Phase One (1,188 metre) drill
program are received, Golden Tapajos and Brazilian Gold will design a Phase Two
drill program to further test VG1 as well as the other targets on the property. 


Correction

In the previous News Release (NR 5/11, March 1, 2011), the Company reported
under the highlights "VG1 rocks contain coarse visible gold and these
preliminary assays (-150 mesh) may increase once the lab has completed the
analysis of the +150 mesh fraction." The statement should have read "VG1 rocks
contain coarse visible gold and the Company has requested the laboratory to
complete metallic screen assays for samples grading greater than 0.1 grams/tonne
gold." 


Laboratory Procedures

Tapajos Gold sampled the core at 1.5 metre or smaller intervals using a diamond
saw. One half of the sample is archived and the other half is dispatched to Acme
Analytical Laboratories Ltd.'s sample preparation facility in Itaituba, Brazil,
where the sample is crushed, split and pulverized to -150 mesh. The pulp is
shipped to Santiago, Chile for gold fire assay. Acme Analytical Laboratories
Ltd. is an internationally certified ISO 9001 laboratory.


Garnet Dawson, M.Sc., P.Geo. (British Columbia), Vice President, Exploration for
the Company and a Qualified Person, as defined by National Instrument 43-101,
has reviewed and approved the technical disclosure contained in this News
Release.


About Brazilian Gold Corporation

Brazilian Gold Corporation is a Canadian based public company with a focus on
acquisition, exploration and development of mineral properties in northern
Brazil. The Company has a portfolio of ten grass-roots to development stage gold
projects (8 projects in the Tapajos and 2 projects in the nearby Alta Floresta
Gold Province) with drill programs (4 drill rigs) currently underway on the Sao
Jorge and Rio Novo projects. The Company completed a Phase One drill program (13
holes in 1,188 m) on the Boa Vista project in January 2011; once all results
from the Phase One drill program are received, in conjunction with its JV
partner, Brazilian Gold will further define targets for a second phase drilling
campaign.


The Sao Jorge development project hosts an NI43-101 indicated resource of
343,000 ounces (8.3Mt grading 1.3 g/t gold) and an inferred resource of 458,000
ounces (12.6 Mt grading 1.1 g/t gold) using a 0.5 gram/tonne cut-off (Coffey
Mining, Sept. 14, 2010). The Company has commissioned Coffey to complete a
Scoping Study or Preliminary Economic Assessment (PEA) that will look at various
development and production scenarios to determine the financial viability of the
project. The study is expected to be completed in April 2011 and will include an
updated resource estimate incorporating new drill holes completed by Brazilian
Gold. Dependent on project economics, the Company plans to embark on a
pre-feasibility/feasibility study soon thereafter.


Brazilian Gold owns a 75% interest in the Rea Uranium Project in northeastern
Alberta, which is currently being operated by AREVA, who are earning up to a 50%
interest by completing an additional Cdn$2.84 million in expenditures by Dec.
31, 2013. 


Some statements in this news release contain forward-looking information,
including without limitation statements as to planned expenditures and
exploration programs. These statements address future events and conditions and,
as such, involve known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements to be materially
different from any future results, performance or achievements expressed or
implied by the statements. Such factors include without limitation the
completion of planned expenditures, the ability to complete exploration programs
on schedule and the success of exploration programs.

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