VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 6, 2011) - Brazilian Gold Corporation (News - Market indicators) ("Brazilian Gold" or the "Company") is pleased to announce the results obtained from four Diamond drill holes from its Phase One (10 hole) drill program on its wholly owned Rio Novo Project situated within the Tapajós Mineral Province (TMP) of northern Brazil. Assay results for the first two holes of the program were reported on May 16, 2011 (BGC News Release 9/11) and can be downloaded from the Company's website (www.braziliangold.ca). The project is located approximately 50 kilometres southwest of the Company's advance stage São Jorge gold deposit and is accessed by the Transgarimpeiro Highway.

Highlights

• Ten hole program (3,000 metres) targeting large induced polarization (IP) anomaly.

• Drill hole JAD-005-11 intersected 1.14 grams/tonne gold over 73.0 metres with higher grade intervals of 8.12 grams/tonne over 8.0 metres and 2.49 grams/tonne over 3.0 metres (Table 1).

• Drill hole JAD-001-11 intersected 5.82 grams/tonne gold over 3.0 metres within a wider zone of lower grade mineralization and alteration.

• Drill hole JAD-004-11 intersected 0.43 grams/tonne gold over 71.4 metres with higher grade intervals of 1.49 grams/tonne over 18.2 metres.

• Preliminary drill results indicate the east-west trending IP anomaly, which measures 1,000 metres by 200 to 300 metres, is caused by auriferous quartz+sulphide veins.

• The quartz+sulphide veins have been intersected over potentially economic widths and grades in drill holes JAD-002-11, -003-11, -004-11 and -005-11 and the vein system extends from surface to 300 metres depth.

• Alteration and mineralization intersected in the current drill program is open along strike and down dip.

• A second, parallel chargeability anomaly occurs approximately 400 metres to the north and has been partially tested by two drill holes in the Phase One program.

Commenting on these results, Ian Stalker, CEO of Brazilian Gold, said, "Intersecting significant gold mineralization in four of the six holes that we received results from to date indicates the underlying potential of the Rio Novo Project. It is early days and additional drilling will be required to determine the geometry and full extent of this new discovery, however, given the style of mineralization, the potential to find additional areas of mineralization on this large property appears to be good. A small part of the overall property has been covered by geophysics and the Company is in discussions with airborne geophysical contractors to complete a survey in the upcoming months to identify new areas to focus our more detailed ground surveys and drill programs."

Significant drill intersections from JAD-001-11, JAD-004-11, JAD-005-11 and JAD-006-11, and from the two previously reported holes (JAD-002-11 and JAD-003-11) are shown in the table below.

The drill program is designed to test an east-west trending chargeability anomaly that measures approximately 1,000 metres long by 200 to 300 metres wide that is coincident with a garimpeiro pit that exposed auriferous quartz+sulphide veins over a 50 metre width. Nine drill holes (2,847 m) have been completed to date on three sections (8200E, 8400E and 8600E) space 200 metres apart with 3 holes per section; a 10^th hole is currently in progress on Section 8800E located 200 metres east of previous drilling. The drill holes have been drilled towards the north at -60 to -55° to test the width of the anomaly. A second, parallel weaker IP chargeability anomaly occurs approximately 400 metres north of the above anomaly has been partially tested by two drill holes in the Phase One drill program. To view a plan map of the drill holes and cross-sections associated with this press release, please visit the following link:

http://www.braziliangold.ca/email/20110606-1/Rio-Novo-Drill-Plan-And-Cross-Sections.jpg

All drill holes completed to date in the Phase One drill program have intersected sericite+pyrite+chalcopyrite altered felsic volcanic rocks (ignimbrites) cut by quartz+calcite +sphalerite+galena veins and veinlets that in some intervals form stockwork zones. The deeper parts of some drill holes (JAD-002-11, JAD-003-11 and JAD-004-11) terminated in similarly altered quartz-feldspar granite porphyry. Drill results to date, suggest an east-west trending mineralized zone that is approximately 50 to 70 metres thick that dips steeply to the south. The zone has been traced over a strike length of 400 metres and extends from surface to 300 metres depth. The intensity of alteration and veining in drill hole JAD-006-11 (Section 8600E) was higher than in other holes, however the hole returned lower gold values; assay results for two additional holes (JAD-008-11 and JAD-009-11) on this section are pending. The gold mineralization appears to have been deposited in an epithermal to porphyry style environment and the Company is waiting for further drill results to better understand the grade, size and geometry of this mineralization.

The Rio Novo Project consists of five exploration concessions for a total area of 44,576 hectares. The Phase One drill program and IP survey covers a small part (<5%) of this area and additional known targets including mineralization exposed in garimpeiro pits and regional geophysical targets on the property will be followed up in 2011 with geophysical surveys, prospecting, mapping and sampling.

Drill results from the remaining holes will be release as they are received, verified and interpreted.

Laboratory Procedures

Drill core is sampled at 2 metre or smaller intervals using a Diamond saw. One half of the sample is archived and the other half is dispatched to Acme Analytical Laboratories Ltd.'s sample preparation facility in Itaituba, Brazil, where the sample is crushed, split and pulverized to -200 mesh. The pulp is shipped to Santiago, Chile or Vancouver, Canada for gold fire assay. Acme Analytical Laboratories Ltd. is an internationally certified ISO 9001 laboratory. Brazilian Gold's Quality Assurance – Quality Control Program involving the insertion of appropriate blanks, standards and duplicates was employed with acceptable results.

Garnet Dawson, M.Sc., P.Geo. (British Columbia), Vice President, Exploration for the Company and a Qualified Person, as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this News Release.

About Brazilian Gold Corporation

Brazilian Gold Corporation is a Canadian based public company with a focus on acquisition, exploration and development of mineral properties in northern Brazil. The Company has a portfolio of ten grass-roots to development stage gold projects (8 projects in the Tapajós and 2 projects in the nearby Alta Floresta Gold Province) with drill programs (4 drill rigs) currently underway on the São Jorge, Rio Novo and Pista Manual projects.

The São Jorge development project hosts an NI43-101 indicated resource of 343,000 ounces (8.3 Mt grading 1.3 g/t gold) and an inferred resource of 458,000 ounces (12.6 Mt grading 1.1 g/t gold) using a 0.5 gram/tonne cut-off (Coffey Mining, Sept. 14, 2010). The Company has commissioned Coffey to complete a Preliminary Economic Assessment (PEA) or Scoping Study that will look at various development and production scenarios to determine the financial viability of the project. The study is expected to be completed in Q2 2011 and dependent on project economics, the Company plans to embark on a pre-feasibility/feasibility study soon thereafter.

Brazilian Gold owns a 75% interest in the Rea Uranium Project in northeastern Alberta, which is currently being operated by AREVA, who are earning up to a 50% interest by completing an additional Cdn$2.84 million in expenditures by Dec. 31, 2013.

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.