43-101 Compliant Tocantinzinho Resource Estimate

 

HOUSTON, TX - Brazauro Resources Corp. (TSXV: BZO) is pleased to announce an NI 43-101-compliant resource update at its 100%-owned Tocantinzinho Gold Project (TZ) in the Tapajos region of Para state, Brazil. The update of the resource estimate was prepared by NCL Brasil Ltda. The resource estimate includes all drilling results executed by Brazauro and Eldorado as disclosed by Brazauro on November 10, 2009. Total mineral definition drilling at TZ is represented by 40,960 meters developed in 139 diamond drill holes. Not considered in this resource estimate are 12 holes drilled by Brazauro to explore other targets in the vicinity of TZ, totalling 2,215 meters.

The new estimate demonstrates that approximately 28% of the resources, 629,000 ounces, are measured (15.834 Mt at 1.23 g/t Au); 55% are indicated, 1,264,000 ounces, (35.572 Mt at 1.10 g/t Au); and 17%, 389,000 ounces, are inferred (12.400 Mt at 0.98 g/t Au). The denser drilling pattern has created a more robust database, resulting in a significant increase in the confidence and accuracy of this new resource estimate.

The company’s address 16360 Park Ten Place, Suite 217 Houston, TX 77084, (281) 579-3400, fax: (281) 579-9799, email: [email protected].