BGC Brazilian Gold Corporation

Brazilian Gold Corporation (TSXV: BGC) is pleased to announce drill results from the Phase Two drill program on its wholly owned Batistão project located approximately 30 km southwest of the town of Peixoto de Azevedo in Brazil’s northern Mato Grosso state. This region was the focus of a gold rush in the 1980’s where 5 million ounces of unofficial production, mostly from shallow alluvial and laterite workings, is reported to have taken place. The region benefits from excellent infrastructure including paved road access, electrical power and the availability of a local skilled workforce.

Highlights

• BTD-005-12 intersected 11.8 m grading 0.92 g/t gold.
• BTD-007-12 intersected 33.4 m grading 0.7 g/t gold including 11.4 m grading 1.8 g/t gold.
• BTD-002-12 intersected 38.0 m grading 0.7 g/t gold including 17.6 m grading 0.9 g/t gold.
• BTD-003-12 intersected 43.0 m grading 1.1 g/t gold including 20.0 m grading 2.0 g/t gold.
• Drilling has tested 600 m of a 2,000 m long gold-in-soil anomaly on 100 m sections and has intersected a mineralized zone that is approximately 30 m in thickness.
• BGC drilling has extended the depth of mineralization from surface to a depth of 135 m.
• Historic drill hole BTC-021 collared 1,000 m west of BGC’s drilling intersected 0.76 g/t gold over its entire length (50 m) and ended in mineralization indicating the potential for the gold-in-soil anomaly to be mineralized at depth over its entire length of 2,000 m.
• Gold-in-soil anomaly is open to the west and east.

Table 1: Batistão 2012 Phase One and Two drill intersections.

Hole ID   Section   From (m)   To (m)   Interval*   Gold g/t Phase One Program BTD-001-12   4000E   125.15   180.00   54.85   0.41 includes       125.15   151.00   25.85   0.58 BTD-002-12   4200E   146.00   184.00   38.00   0.68 includes       146.00   163.64   17.64   0.86 BTD-003-12   3800E   69.00   112.00   43.00   1.10 includes       79.00   99.00   20.00   2.02 BTD-004-12   4000E   1.50   33.00   31.50   0.45 includes       4.50   14.00   9.50   0.92 Phase Two Program BTD-005-12   4100E   16.00   19.44   3.44   1.01 BTD-005-12   4100E   44.32   62.32   18.00   0.38 BTD-005-12   4100E   89.70   101.51   11.81   0.92 BTD-006-12   4100E   0.00   6.90   6.90   0.41 BTD-006-12   4100E   52.16   54.16   2.00   1.05 BTD-006-12   4100E   84.00   140.00   54.00   0.28 BTD-007-12   3900E   0.00   33.37   33.37   0.73 including   3900E   0.00   11.37   11.37   1.80 BTD-008-12   3900E   0.00   9.62   9.62   0.36 BTD-008-12   3900E   46.50   70.50   24.00   0.41 BTD-009-12   3700E   108.26   112.97   4.71   1.68 BTD-010-12   3700E   127.00   131.00   4.00   0.88 BTD-011-12   3600E   no significant assays

*Interval refers to drill hole intercepts.

The Phase One and Two diamond drill programs (1,655 m in 11 holes) tested below and between historic reverse circulation (RC) drill holes that were drilled on 200 m sections. The drill holes (BTD-001-12 to BTD-011-12) were drilled to the north or south at -55° or -60° on sections spaced 100 m apart. The eleven holes intersected similar tenor and widths of mineralization as historic RC holes from surface to 135 m vertically below surface over a strike length of 600 m.

The Batistão target was previously explored by a major Australian mining company from 1992 to 1995. The gold mineralization was discovered during a regional stream sediment program and was delineated by soil sampling, geophysics, auger drilling (109 holes in 762 m) and RC drill holes (24 holes in 1,287 m). The program outlined a west to northwest trending gold-in-soil anomaly that is over 2,000 m in length. Short RC holes tested 500 m of this strike length to a depth of approximately 50 m; the mineralized zone is up to 30 m thick and is open in all directions. Gold mineralization is associated with sericite-silica-sulphide altered granitic rocks; sulphide minerals include pyrite (