BrazMin reporting results for the 2nd quarter and new achievements on the São Jorge Project

British Virgin Islands company BrazMin Corp., engaged mainly in the acquisition and development of gold exploration fields, reported the losses for the three month period ended June 30,2006. The announced amount of losses makes C$858,970 or C$0.03 per share. The capitalized exploration for the six month period was C$985,638, total amount being C$5,697,141.

These amounts are the result of BVI company’s current exploration program on the São Jorge Project in Para State, Brazil, and are very much connected with land acquisition costs. Probably, the investments in this currently major project of BrazMin Corp. already prove to bring results: the company has just reported the achievements of Phase II Exploration Program.

BrazMin São Jorge Project - Surface Plan

Tony Ransom, President and CEO of BrazMin, stated “We are very encouraged by these new results from the current drill program at São Jorge, in particular with a second hole from the Kite Zone intercepting multiple zones of gold mineralization”.

On June 30, 2006 the assets of BrazMin totalled at approximately C$14.5 Million.

Another important event for this BVI cmpany is the appointment of the new Director of the Corporation. Francis Crothers assumed an office on June 15, 2006.

The company was incorporated on July 8, 2004 under the provisions of the BVI International Business Companies Act, with the name Resource Holdings and Investments Inc. On April 5, 2005 it changed its name into BrazMin Corp.

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