BGC Brazilian Gold Corporation

Brazilian Gold Corporation (TSX VENTURE:BGC) ("Brazilian Gold") is pleased to
announce that it has signed a Share Exchange Agreement dated ("Agreement") with
D'Gold Mineral Ltda. ("D'Gold") to acquire D'Gold's 13.05% interest in Boa Vista
Gold Inc. ("BVG"). BVG indirectly holds a 100% interest in the Boa Vista gold
project (the "Boa Vista Project"). In consideration for D'Gold's 13.05%
interest, BGC will issue an aggregate of 1,500,000 common shares over an
eighteen month period. According to the Shareholders Agreement dated January 21,
2010, as amended, governing BVG, D'Gold is entitled to a 1.5% Net Smelter Return
royalty, which can be purchased by Brazilian Gold for US$2,000,000 during a
period commencing on the closing date of the Agreement ("Closing") and ending 48
months following the Closing.


The Agreement remains subject to TSX Venture Exchange acceptance. The Brazilian
Gold shares included in this agreement will be subject to certain resale
restrictions imposed under applicable securities legislation. The Closing of the
above transaction will take place five business days following Brazilian Gold
receiving the approval of the TSX Venture Exchange. On Closing, Brazilian Gold
will own 84.05% of the Boa Vista Project, subject to the royalty agreements.


Boa Vista Project

The Boa Vista Project is a large property (12,889 Ha) located in the Tapajos
region of northern Brazil with extensive historic alluvial and lateritic
workings that was largely unexplored until 2010 when Brazilian Gold and their
joint venture partners started systematic exploration programs across the
property. The exploration programs quickly outlined a number of highly
prospective targets (Jair, Ze do Leicha, Almir, Planalto and Pistinha) and the
discovery of the VG1 gold deposit. 


The maiden mineral resource estimate on the VG1 deposit was completed shortly
(16 months) after the discovery was reported in March 2011 (News Release 5/11
and 6/11). The mineral resource estimate outlined an inferred resource of 8.47
Mt grading 1.23 g/t gold (336,000 oz) at a 0.5 g/t cut-off and is based on
shallow (less than 150 m depth) and limited drilling (15 holes in 3,007 m) and
trenching (14 trenches in 2,229 m) of the eastern 600 m of an overall 2,000 m
gold-in-soil anomaly. The mineralization forms a coherent deposit that is not
significantly affected by changes in the cut-off grade near the declared mineral
resource grade of 0.5 g/t gold; the resource is open at depth and along strike
with a high potential to expand the existing mineral resource with additional
drilling. Coarse gold visible in some drill cores and trench samples, and
screened metallic analysis of selected trench and drill samples -suggests the
overall grade of the deposit could be higher when larger samples are mined and
processed. 


Exploration programs (soil geochemistry, geophysics and limited drilling) have
covered approximately 25% of the property and further exploration programs are
planned to explore the remainder of the property, where numerous historic
garimpeiro workings have been identified. In addition, step-out and infill
drilling will be completed at the VG1 deposit to determine the limits of the
mineralization. 


About Brazilian Gold Corporation

Brazilian Gold is a Canadian-based public company with a focus on the
acquisition, exploration and development of gold properties located in northern
Brazil. The Company has title to one of the largest mineral exploration land
packages (3,753 km2) in the Tapajos and adjacent Alta Floresta gold provinces.
The land package contains green fields to more advance stage projects including
the Company's flagship Sao Jorge project. Rapid improvements to regional
infrastructure continue to provide underlying support to Brazilian Gold's
activities in northern Brazil.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Brazilian Gold Corporation
Ian (John) Stalker
CEO and Director
+1 604 602-8188


Brazilian Gold Corporation
Joanne Yan
President and Director
+1 604 602-8188
+1 604 677-6243 (FAX)

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