Brazil Resources Inc. Identifies Large Copper-Gold Mineralized Zone at Artulândia Project in Goias State, Central Brazil

---

Vancouver, British Columbia – September 6, 2012 – Brazil Resources Inc. (the "Company" or "Brazil Resources") (TSX-V: BRI; OTCQX: BRIZF) is pleased to announce that recent rock sampling, geophysical and soil geochemical surveys at its Artulândia project have identified an anomalous copper gold zone of approximately 1,000m by 250m, which is open in all directions.  The Artulândia project covers 12,000 acres within the Company´s 247,000 acre Pireneus district and is located in Goias state, one of the most prolific mining districts in Brazil.

Stephen Swatton, President and CEO, stated, “Our geological team believes Artulândia has the potential to be a significant discovery, made with a modest budget in an area that has not had previous mining or exploration activity.  Based on preliminary exploration data, similarities are being drawn with Yamana’s Chapada Copper-Gold Mine to the north.  However, we acknowledge that the Artulândia project is in the early stages of exploration and, therefore, more work, including drilling, needs to be done to fully realize and understand this project.”

Highlights from the new results obtained at Artulândia include:

• Target ART-1; Further follow-up work completed on target area ART-1 has confirmed new mineralized outcrops, with increased copper values of up to 0.81%, gold values of up to 2.3 g/t and silver values of up to 344 g/t, plus additional anomalies of lead-zinc. A geophysical survey has identified a main IP anomaly trending along strike for approximately 400m, which coincides with the geochemically defined gold-copper zone identified by previous soil and rock chip sampling. ART-1 is considered a priority, and the next phase of exploration is expected to include diamond drilling of this target.  Geochemical sampling indicates that the mineralization extends for an additional 600m to the east of the main IP anomaly (Targets ART-2 and ART-3).
• Target ART-5; A new zone located approximately 750m NE of ART-1 has been discovered comprising gossans trending along strike for approximately 700m.  These gossans are similar to those found at target area ART-1.  A total of 50 rock geochemical samples have been collected from target area ART-5 and sent to the laboratory to confirm the presence of mineralization.

In its news release dated April 26, 2012, Brazil Resources announced the first results of a geochemical sampling program at Artulândia and identified eight target areas (ART-1 to ART-8) with elevated copper, gold, lead and zinc values surrounding a large intrusive granitoid with rock grab sample results of up to 1.2 g/t gold, 0.7% copper and greater than 2% lead-zinc in separate samples.

Since May 2012, follow-up geochemical sampling and detailed geological mapping programs have been completed on target areas ART-1 and ART- 5.  In addition a geophysical IP/Mag ground survey has been completed and a trenching program has been initiated at ART-1.  To date, assay results are available for a total of 603 rock grab samples, 1,581 soil samples and 62 stream sediment collected from target areas ART-1 and ART-5.  

Based on petrographic and detailed geochemical and geophysical data interpretation, Company geologists believe the geology at Artulândia may be a porphyry copper deposit.  Therefore comparisons are being drawn with the Chapada Mine operated by Yamana Gold, which is located approximately 140 km north of the Artulândia project.  Chapada produced 135,000 oz of gold and 166 million pounds of copper in 2011 as publicly disclosed by Yamana.  Readers should be aware that the comparison to Chapada contained herein is based on preliminary exploration by the Company to date and substantial additional exploration is required to define the extension, continuity and geology of the mineralized zones at Artulândia, which does not currently have any defined resources, and, therefore, the results at Chapada are not necessarily indicative of the potential of the Artulândia project.
The geophysical survey was performed by Fugro Geophysics, and processed by Reconsult Geofísica. The IP-resistivity survey comprised 7.65 line kms, and the magnetics survey comprised 23.35 line kms.  The grid lines were oriented north-south and each line was 100 meters apart.

Future Work:

The Company plans to further its exploration efforts on all the remaining targets.  A diamond drill program to investigate Target 1, and possibly Targets 2 and 3, is currently under consideration.  Targets ART-4, ART-5 and ART-6 have been outlined by the recent geophysical survey and will be investigated by additional rock sampling and mapping. The current geochemical and geophysical results only represent the investigation of two targets (ART-1 and ART-5) of the eight geochemical targets initially identified by the Company.

FIGURES 1 and 2 – Geophysical  (IP-Magnetic) Targets ART-1 to ART-6  plotted over Mag Analytical Signal Grid Image (left) and IP anomalies trends over Cu in rock/soil geochemical anomaly (right).

 

Target 1 is defined by a 400m long high IP trend, the inversion sections show that this trend could be dipping from west to east, going from a superficial response to a deeper signature.  This possibility, if proven correct, could add another 600m to this target, effectively extending Target 1 to the eastern boundary of Target 2 (Figure 2).

Figure 3 – Detailed Geological Map with soil anomalies, selected rock sample results and location of geophysical Targets 1, 2 and 3

TABLE 1 – Anomalous Rock Samples Results for Cu-Au-Zn-Pb-Ag at Artulândia Project as of August 31, 2012

Sample	Lithology	Cu (ppm)	Au (ppb)	Zn (ppm)	Pb (ppm)	Ag (ppm)
11904	Gossan	8123	513	2512	8047	5
11161	Volcanic	7116	79	781	42000	147
11907	Gossan	6991	2329	6551	>10000	344
11145	Gossan	6813	129	2152	1907	-1
11144	Gossan	6628	335	2538	1375	18
11141	Gossan	6350	1250	4075	747	13
11848	Gossan	4897	128	1212	1248	15
11834	Gossan	4182	84	697	695	8
11847	Gossan	4126	210	894	1737	198
11829	Gossan	3872	1646	1372	1620	19
11905	Gossan	3728	792	3453	5885	12
11444	Laterite	3623	97	1482	1619	9
11919	Gossan	3458	247	1965	1011	13
11906	Gossan	3421	364	3093	5003	10
11469	Volcanic	3329	31	35300	3900	16
11897	Breccia	3315	768	1194	2287	10
11835	Gossan	3275	36	668	630	-1
3001	Quartz Vein	2946	154	1652	802	-1
11928	Gossan	2914	116	1836	1072	-1
11895	Breccia	2892	219	1239	3219	1
11925	Gossan	2828	198	2751	1018	-1
11828	Gossan	2762	46	828	802	-1
11927	Gossan	2636	170	3547	5321	-1
11933	Gossan	2630	199	1979	967	16
11931	Gossan	2591	176	2324	502	4
11924	Gossan	2460	99	2529	1346	-1
11912	Gossan	2373	262	1843	1367	1
11930	Gossan	2340	295	2059	470	8
11900	Breccia	2332	495	522	1729	6
11923	Gossan	2297	148	1392	1182	-1
11898	Breccia	2274	406	892	1761	5
11914	Gossan	2272	1149	2092	854	-1
11899	Breccia	2261	556	713	1544	4
11929	Gossan	2257	61	1430	1311	-1
11932	Gossan	2152	76	1828	534	5
11911	Gossan	2146	186	1336	805	-1
11910	Gossan	2142	148	1160	829	-1
1191	Laterite	2075	1168	1078	1547	-1
11467	Quartzite	1908	71	1213	4302	6
11934	Gossan	1884	32	2326	411	123
11120	Quartzite	1874	61	4203	553	7
11922	Gossan	1868	109	857	1390	-1
11926	Gossan	1847	122	1895	874	19
11121	Volcanic	1787	138	856	5456	11
11921	Gossan	1774	81	1659	1369	-1
11844	Gossan	1711	32	693	919	-1
11167	Volcanic	1620	49	1233	688	-1
11896	Breccia	1604	316	549	1670	4
11833	Gossan	1568	41	1172	483	-1

About Brazil Resources Inc.

Brazil Resources is a publicly listed mineral exploration company with a focus on the acquisition and development of projects in emerging producing gold districts in Brazil and other parts of South America. Currently, the Company is advancing its Montes Áureos, Trinta and Maua Gold Projects located in the Gurupi Gold Belt in the state of Maranhão in northeastern Brazil, and its Pireneus Gold Project in Goias State, in central Brazil.  Brazil Resources is also seeking to acquire and develop additional gold properties within Brazil and other locations in South America.

For further information, please contact:
Patrick Obara
Telephone: (855) 630-1001
[email protected]

Note Regarding Scientific and Technical Information

Paulo Pereira, the Company's Vice President of Exploration has supervised the preparation of and reviewed the technical information and verified the data contained in this document. Mr. Pereira holds a Bachelor degree in Geology from Universidade do Amazonas in Brazil, is a qualified person as defined in National Instrument 43-101 and is a member of the Association of Professional Geoscientists of Ontario.

The reconnaissance sampling at the Artulândia project was performed using stream sediment sampling to cover the entire area of the claim block. Streams sediment samples were collected using 10 liters constant volume samples and the collected material was panned in the field for gold color counts. Follow-up sampling was completed on anomalous areas defined by the results of the stream sediment sampling. Soil samples were collected on regular grids (200m x 50m) at 0.30 m depth. The material excavated in each soil sampling location was homogenized and a 2 kg representative sample was collected.  Rock samples (hand-specimen size) were collected during geological mapping over the entire area and on target area ART-1 rock samples were collected over regular grid (100m x 25m) and on representative mineralized outcrops.  

Brazil Resources operates QA/QC controls of sampling and analytical procedures.  For geochemical sampling (stream sediment, soil, rock) duplicates are inserted in the sample batches at a reason of one duplicate for every ten samples.  Samples from the Artulândia project are transported by the company staff from the project by road to SGS-Geosol Labs in Goiania, Goias for preparation and pulps are sent to SGS-Geosol Labs in Vespasiano, Minas Gerais, Brazil in secured and sealed sample bags for analysis. Samples are assayed by the lab for gold using a 50 gram fire assay with AAS finish and ICP for 37 elements. 

Forward Looking Statements

This document contains certain forward-looking statements that reflect the current views and/or expectations of the Company with respect to its performance, business and future events, including statements regarding the Company's beliefs regarding future exploration of the Artulândia project and exploration plans in respect of its projects. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which the Company operates, including that: the current price of and demand for minerals being targeted by the Company will be sustained or will improve; the Company's current exploration programs and objectives can be achieved; financing will be available if and when needed on reasonable terms; and the Company will be able to identify and acquire additional mineral interests on reasonable terms or at all.  Investors are cautioned that all forward-looking statements involve risks and uncertainties, including:  that the Company has a limited operating history; that resource exploration and development is a speculative business; that the Company may lose or abandon its property interests; that the Company's properties are in the exploration stage and without known bodies of commercial ore; that the Company may not be able to obtain all necessary permits and approvals on any of its properties; that environmental laws and regulations may become more onerous; that the Company may not be able to raise additional funds when necessary; potential defects in title to the Company's properties; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; potential inability to find suitable acquisition opportunities and/or complete the same and  other factors listed in the Company's public filings, including its Management's Discussion and Analysis for the year ended November 30, 2011. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

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 new

---