VANCOUVER, March 1, 2013 /CNW/ - 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
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
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
SOURCE: Brazil Resources Inc.
For further information:
Stephen Swatton or Patrick Obara
Telephone: (855) 630-1001