BrazMin Reports on New Commencements and Estimates in Agua Branca and São Jorge Projects

Recently BrazMin has sold all of its interests in the Tocantinzinho gold project area in Brazil. The purchaser was Brazauro Resources Corporation. On October 17, 2006 BrazMin has announced the commencement of drilling on the Agua Branca Gold Project, located within the Tapajós Gold District in Pará State, Brazil. The Phase I Diamond Drill Program aims in testing gold mineralized structures along the Camarão Hill area.

The target selection for initial testing is based on the results of geological mapping, channel sampling and geophysical surveys which commenced in July 2006. The results for 384 samples from 141 channels, distributed in five target areas included in Agua Branca, were reported in a BrazMin news release on September 19, 2006. Current report includes results for the next 225 channel samples; the total amount makes 395 channel samples collected at Agua Branca.

Recent notification from the Brazilian Mining Department stated that the converted exploration licences at Agua Branca have been transferred into the name of BrazMin’s 100%-owned Brazilian subsidiary. Two final property payments of US$230,000 remain on the Agua Branca exploration licences.

The second announcement of BrazMin Corp., published on October 13, 2006, was the continuation of the press release dated September 1, 2006 for the Company’s São Jorge Gold Project which is also located in Pará State, Brazil. This report, entitled “Resource Estimate and Technical Report for the São Jorge Project, Brazil” and dated October 12, 2006, was prepared my Mr. G. David Keller, who is a professional geoscientist with the Association of Professional Geoscientists of Ontario and an employee of an international minerals consultancy group SRK Consulting (Canada) Inc.

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