Vancouver, British Columbia – July 21, 2011 – Brazil Resources Inc. (the "Company") (TSX-V:BRI) is pleased to announce, further to its press release dated May 31, 2011, that it has granted 150,000 incentive stock options ("Options") to an investor relations provider. The Options have an exercise price of $1.30 per share, representing the closing price for the Company’s shares on July 20, 2011, are valid for a period of five years and will vest on a quarterly basis over a one year period.
The Options granted are subject to the acceptance of the TSX Venture Exchange.
About Brazil Resources Inc.
Brazil Resources Inc. is a mineral exploration company with a focus on the acquisition, exploration and development of mineral properties in the emerging gold districts of Brazil and in additional prolific areas of South America. Currently, the Company’s principal property is the Montes Áureos project, located within the Gurupi Gold belt in the state of Maranhão, Brazil.
For additional information, please contact:
Telephone: (604) 227 1124
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.