Brazilian Resources Completes Cdn$712,400 Private Placement

CONCORD, NH, Aug. 24 /CNW/ - Brazilian Resources, Inc. ("Brazilian" or the "Company") has completed a Cdn$712,400 (approximately US$685,000) non-brokered private placement (the "Offering") from a limited number of accredited investors.  The funds will be used for working capital.

The Offering consisted of 1,370,000 units at a price of Cdn$0.52 per unit.  Each unit consisted of one common share and one-half purchase warrant, each whole warrant entitling the holder to purchase an additional common share at Cdn$0.57 for a period of three years from the date of issuance.  Under Canadian law, the units and their underlying securities are subject to a four month hold period expiring on December 24, 2010.

About Brazilian Resources, Inc. - Brazilian is a company with ownership interests in agricultural mining and food irradiation industries in Brazil.  Corporate offices are located in Concord, New Hampshire, USA.  The Company is a U.S. company and a reporting issuer in the Provinces of Alberta, British Columbia and Ontario, Canada.

Further information about the Company is available on System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and on its website www.brazilianresources.com


SOURCE BRAZILIAN RESOURCES, INC.

For further information: For further information:

Robert J. Lloyd, President and CEO
603-224-4800
rlloyd@brazilianresources.com
Jeffrey C. Kirchhoff, Treasurer and CFO
603-224-4800
jkirchhoff@brazilianresources.com

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BRAZILIAN RESOURCES, INC.

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