Brazauro Grants Stock Options

    HOUSTON, December 18 /CNW/ - Brazauro Resources Corporation (TSX
VENTURE:BZO) has granted, subject to regulatory approval, incentive options
for the purchase of a total of 1,550,000 shares in its capital to employees,
officers and directors. The options are exercisable on or before December 18,
2012 at the price of $0.55 per share.

    Mark E. Jones III

    Chairman, CEO

    Brazauro Resources Corporation

    The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release. No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information contained
herein. Certain statements contained in this press release constitute
forward-looking statements which are not historical facts and are made
pursuant to the "safe harbour" provisions under the United States Private
Securities Litigation Reform Act of 1995. When used in this release, words
like "anticipate", "believe", "estimate", "expect", "will", "intend" and
similar expressions identify forward-looking statements. Forward-looking
statements are necessarily based upon a number of estimates and assumptions
that, while considered reasonable, are inherently subject to significant
business, economic, political and competitive uncertainties and contingencies.
Readers are cautioned that such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause the actual
financial results, performance, achievements or position of the parties to be
materially different from the estimated or anticipated future results,
performance, achievements or position expressed or implied by those
forward-looking statements and the forward-looking statements are not
guarantees of future results, performance, position or achievements. The
risks, uncertainties and other factors include, but are not limited to:
changes in the worldwide price of gold or certain other commodities (such as
fuel and electricity) and currencies; changes or disruptions in the securities
markets; legislative, political or economic developments in the jurisdictions
in which the companies carry on business; the occurrence of natural disasters,
hostilities, acts of war or terrorism; the need to obtain permits and comply
with laws and regulations and other regulatory requirements; the possibility
that actual results of work may differ from projections/expectations or may
not realize the perceived potential of the company's projects; risks of
accidents, equipment breakdowns and labour disputes or other unanticipated
difficulties or interruptions; the possibility of cost overruns or
unanticipated expenses in development programs; operating or technical
difficulties in connection with exploration, mining or development activities;
the speculative nature of gold exploration and development, including the
risks of diminishing quantities of grades of reserves and resources; and the
risks involved in the exploration, development and mining business.

    Brazauro disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future
events or otherwise.

For further information:

For further information: Brazauro Resources Chairman Mark Jones,

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