BGC Brazilian Gold Corporation

Brazilian Gold Corporation (TSX VENTURE:BGC) ("Brazilian Gold" or the "Company")
is pleased to announce that it has signed a binding Framework Agreement
("Agreement") to acquire a 100% interest in a regional property package in the
Tapajos Mineral Province ("TMP") of Northern Brazil from Talon Metals Corp.
("Talon"). The package incorporates 16 separate exploration concessions,
totalling 115,926 hectares, in an area located contiguous with or in close
proximity to the Company's existing road accessible projects.


Brazilian Gold is the largest single holder of exploration concessions and/or
exploration applications with priority in the TMP. Following the signature of
the Agreement, the Company has exploration rights over a total land area of
374,575 hectares.


Highlights:



--  Large-scale, highly prospective land package (115,926 hectares) 
--  Two concessions contiguous with Magellan Minerals Ltd's Cuiu-Cuiu
    property, which hosts a 1.3 million ounce gold resource, and within the
    Cuiu-Cuiu - Tocantinzinho - Palito - Sao Jorge mineralized trend 
--  Five concessions contiguous with the Company's Pista Manual and Rio Novo
    projects 
--  Nine concessions within 50 kilometres of the Transgarimpeiro highway,
    which contains extensive historical alluvial ('garimpeiro') workings 
--  Operational synergies with the Company's existing property portfolio,
    including the advanced stage Sao Jorge project 
--  A 50% increase in the Company's property portfolio in the TMP 



The TMP is the largest alluvial gold province in Brazil and the third largest in
the world, with unofficial production of 30 million ounces of gold, primarily
from streams. Although the TMP was the focus of the world's largest gold rush
(1978-1995), it remains an under-explored mineral province. One mid-size gold
deposit has been discovered to date; Tocantinzinho has gold resources of 2.5
million ounces. There are a number of smaller deposits, including Cuiu-Cuiu (1.3
million ounces) and Sao Jorge (0.8 million ounces). The gold deposits are
associated with quartz and sulphide stockwork zones hosted in granitic rocks.


Key Terms of the Binding Framework Agreement

Subject to satisfactory due diligence, Brazilian Gold will sign a definitive
option agreement with Talon in respect of the property package and thereafter
has agreed to issue 250,000 Brazilian Gold shares to Talon. An additional
250,000 shares will be issued to Talon on the first anniversary of the
definitive option agreement, subject to the grant of exploration licenses on all
properties currently under application which form part of the property package. 


Upon the completion of share issuance, Brazilian Gold will have exercised the
option and will own a 100% interest in the regional package, subject to a 1.25%
net smelter royalty ("NSR"). Brazilian Gold has the right to purchase 50% of the
NSR for US$1,000,000 or 100% of the NSR for US$2,000,000 within 30 days of the
start of commercial production. The Agreement is subject to Brazilian Gold
receiving regulatory approval.


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
the 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 TMP and two projects in the nearby Alta Floresta
Gold Province) with drill programs (4 drill rigs) currently underway on the Sao
Jorge, Rio Novo and Pista Manual projects. 


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
Preliminary Economic Assessment (PEA) or Scoping Study that will look at various
development and production scenarios to determine the financial viability of the
project. It is expected that the study will be completed in May 2011 and
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 AREVA currently operates. AREVA is 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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