BGC Brazilian Gold Corporation

Brazilian Gold Corporation (TSX VENTURE:BGC) ("Brazilian Gold" or the "Company")
is pleased to announce partial assay results for the first hole of the Phase One
(5,000 m) diamond drill program on the Sao Jorge project. Drill hole SJD-085-10
intersected 1.37 grams/tonne gold over 86 metres starting at 363 metres depth.
The hole was collared on section 657250E and drilled towards AZ330 degrees at
-55 degrees; the intersection is approximately 55 metres in true width and 90
metres below previous drilling midway along the strike of the deposit. The hole
was suspended at 462 metres depth for Christmas holidays and drilling resumed
the second week of January when the drillers returned from break. 


Concurrent with the drill program, the Company has begun a program of infill
sampling where intervals not previously sampled in historic drill holes are
sampled. These un-sampled intervals fall between previously sampled
mineralization and within the grade shell (0.3 g/t gold) of the resource
estimate completed by Coffey Mining (Sept. 14, 2010), where they were given an
arbitrary value of 0.01 grams/tonne gold. The sampling of these intervals is
expected to have a positive effect on the overall grade and contained ounces for
the deposit.


Assay results for drill hole SJD-030-05, the first hole of the infill sampling
program returned 8 metres (5 m true width) grading 1.10 grams/tonne gold
starting at 177 m depth and 53 metres (30 m true width) grading 1.06 grams/tonne
starting at 235 metres depth; these intervals include assays from the historic
sampling as well as new sampling by Brazilian Gold. Drill hole SJD-030-05 is
located on section 657250E and drilled towards AZ360 degrees at -55 degrees for
a total length of 292.4 metres.


Mr. Alvin Jackson, Chairman and CEO of Brazilian Gold, stated, "The Company is
encouraged with these initial results and it shows that mineralization with
similar grade and thickness was intersected 90 metres below previous drilling.
There is considerable potential to increase the existing resource if the Phase
One drill program encounters similar results along the entire strike length of
the deposit."


The Company added a second drill rig to the project the beginning of January to
reduce the time necessary to complete the Phase One program and its desire to
aggressively advance the project so that an updated NI 43-101 resource estimate
can be completed in 2011. A Phase Two drill program will test the strike
potential northwest and southeast of the existing deposit once an induced
polarization survey has been completed.


The Phase One drill program, as previously described in News Release 19/10 (Nov.
24th, 2010), is designed to test the down dip extension of the existing
resource, which extends from surface to approximately 200 metres depth, to 300
metres below surface. The inclined holes will be collared from the south side of
the deposit and drilled towards the north along sections spaced 50 metres apart
and will range from approximately 300 to 500 metres in length.


Laboratory Procedures

Drill core is sampled at 2 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 -200 mesh. The pulp is
shipped to Santiago, Chile for gold fire assay. Acme Analytical Laboratories
Ltd. is an internationally certified ISO 9001 laboratory. Brazilian Gold's
Quality Assurance - Quality Control Program involving the insertion of
appropriate blanks, standards and duplicates was employed with acceptable
results.


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 the Tapajos
region of Northern Brazil. The Company has nine exploration projects in the
Tapajos with drill programs currently underway on the Sao Jorge and Boa Vista
projects. Sao Jorge hosts an NI 43-101 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). 


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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