VANCOUVER,
March 1, 2013 /PRNewswire/ - Brazil
Resources Inc. (TSXV: BRI) (OTCQX: BRIZF), (the "Company") is
pleased to announce the appointment of Former Minister of Natural
Resources, the Honourable Herb
Dhaliwal, to its board of directors.
Regarding the appointment, Amir Adnani, Chairman, stated: "We are pleased
to welcome the Hon. Herb Dhaliwal as
a director of the Company. His extensive and qualified experience,
including his time as a member of the Company's advisory board,
makes an excellent fit."
The board of directors appointed the Hon.
Herb Dhaliwal to replace Enzio
Garayp who will continue as a member of the Company's advisory
board. The board of directors wishes to thank Mr. Garayp for
his service as a director of the Company.
The Hon. Herb
Dhaliwal served as a Member of Parliament for over ten
years. He served in the Federal Cabinet under Prime Minister
Jean Chrétien as Minister of Natural
Resources, Minister of National Revenue and Minister of Fisheries
and Oceans. In his role as Minister of Natural Resources, he
actively sought responsible economic development of Canada's vast natural resources and was an
authoritative policy maker on decisions relating to the mining and
energy, including oil and gas, industries.
In addition to a wealth of experience related to
the natural resource sector, Mr. Dhaliwal has tremendous business
acumen. Prior to his entrance to national politics, he founded a
maintenance company that has grown under his leadership from one
employee to over 500. He has also served as Vice-Chair of the B.C.
Hydro and Power Authority board of directors, with responsibility
for oversight of the Budget and Audit Committees. The
Vancouver Sun has recognized
Mr. Dhaliwal as one of the top-100 most influential British
Columbians of the 20th century. He graduated from the University of British Columbia in 1977 with a
Bachelor of Commerce degree.
In connection with his appointment to the
Company's board of directors, the Company granted 25,000 incentive
stock options ("Options") to Mr. Dhaliwal. The Options
have an exercise price of $1.10 per
common share, representing the market price for the common shares
on February 28, 2013, are valid for a
period of five years and vest over a period of twelve months. The
grant of Options is subject to the acceptance of the TSX Venture
Exchange.
About Brazil Resources Inc.
Brazil Resources is a public mineral exploration
company with a focus on the acquisition and development of projects
in emerging producing gold districts in Brazil, Paraguay and other parts of South America. Currently, the Company is
advancing its Cachoeira, Montes Áureos, Trinta and Maua Gold
Projects located in the Gurupi Gold Belt in the state of Maranhão,
northeastern Brazil, and its
Artulandia Copper-Gold Project in central Brazil.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in
the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news
release.
Stephen Swatton or Patrick Obara
Telephone: (855) 630-1001
E-mail: info@brazilresources.com
SOURCE Brazil Resources Inc.