With Gold at Record Levels - BRZG poised to Rally!

Brazil Gold Corp. (BRZG.OB)'s primary mining target is gold, but copper, nickel, iron, manganese and tin are also found.

The legal claims are located in three states in the upper Amazon River basin of western Brazil; Amazonia, Mato Grosso and Rondonia.

24 gold mines have produced, or are currently producing, within these claims!

The recent "Apui" gold discovery lies in proximity to the Aripuana claim...

The largest of the Amazonia Gold claims!

The Apui district is currently producing approximately2,000 ounces of gold per month!

Breaking News: Brazil Gold Signs Definitive Agreement for Amazonia Mineral Package

Brazil Gold is pleased to announce that it has signed the definitive agreement to acquire the ownership rights to 99% of Amazonia Capital e Partipacoes Ltda. ("Amazonia") of Brazil. Amazonia is the current owner of the exclusive right to explore an extensive 2.1 million acre land package of mineral rights in the Amazon basin region of Brazil.

Brazil Gold has entered into an Acquisition Agreement (the "Agreement") with Rusheen Handels AG, a Swiss corporation ("Rusheen"), whereby the Company will acquire all of Rushenn's ownership units in Amazonia, a Brazilian corporation, which represents 99% of all of the issued and outstanding share capital of Amazonia. This Agreement supersedes the letter of intent previously announced by the Company. The formal transfer of ownership is expected to complete before the end of May, 2010. The Company will acquire from Rusheen all of Rusheen's ownership units in Amazonia in exchange for 44 million shares of the Company's common stock. As a condition to closing the transaction with Rusheen, the Company will cancel 44 million restricted shares in its common stock and return them to treasury.

Amazonia is the registered owner of approximately 2,125,000 acres of mineral claims located in three states in the prolific Tapajos Greenstone Belt in the Amazon Basin of Brazil. This area encompasses a total of 102 mining claims which are situated in the three western states of Amazonas, Mato Grosso & Rondonia. The primary mineral target is gold, however copper, nickel, iron ore, manganese and cassiterite (tin) are also found in the area. Most of the Amazonia properties are near existing roads and rivers which have access to international ports, as well as to small mining and farming communities, thereby giving Brazil Gold access to fuel, energy and manpower - conditions which are suitable for low-cost bulk tonnage mining.

The areas under tenure to Amazonia were selected for exploration by the Amazonia prospecting and exploration team because of the numerous producing or previously-producing gold mines on the lands which have been operated by local indigenous hand-miners, known as garimpeiros.

"We are extremely pleased to be closing this transaction and assuming control of this wonderful asset. The work to date on the property has given us a great incentive to close the acquisition and take advantage of the strong market for gold. We look forward to great success in Brazil" stated Brazil Gold VP & Director Phillip Jennings.

BRZG identifies and secures the rights to explore claims covering 2 Million Acres!

Through its privately held operating partner Amazonia Capital E Participacoes Ltda. ("Amazonia" or "Amazonia Gold"), Brazil Gold Corp. (BRZG) has identified and secured the rights to explore claims covering approximately 824,000 hectares, or roughly 2,000,000 acres.

The claims were identified and secured by John Young, the principal of Amazonia Gold and a successful prospector with a long history of successful projects in the mining sector.

During his illustrious career, he has successfully identified and advanced profitable mining projects in Mexico, the Czech Republic, Nevada and Brazil. In each of the cases below, John Young was instrumental in identifying and seizing the opportunity that contributed immensely to the success of the project, including:

Gammon Gold’s (TSX: GAM / NYSE: GRS) Ocampo Chia Project in Mexico:

Approximately 8 million ounces of gold and silver produced to date. Currently in production and now Mexico’s second-largest gold producer.

Kinross Gold’s (TSX: K / NYSE: KGC) Kaspersky Hory project in the Czech Republic:

The second largest gold deposit in Europe with approximately 3.3 million ounces of gold in place.

International Gold Resources’ Brazil project:

To date approximately 500,000 ounces of gold resource and 30 million tons of manganese, being led by former Newmont executives.

Tonkin Springs’ Nevada project:

Approximately 1.4 million ounces of gold in place.

Currently being brought into production by US Gold Corp (TSX: USG / NYSE: USG).

Amazonia has already prospected, trenched and line cut within the claims. They have identified mineralized targets and have also defined the GPS coordinates of the claims. Based on a recent geological report completed by a respected Independent Consultant, it is recommended to initiate a systematic and detailed phase of exploration to determine the economic viability of the project. The next stage of project development includes:

- Ground geophysics over the known mineralized areas,

- Geochemical and laboratory analysis,

- More detailed mapping

- Sdditional trenching and line cutting

http://www.brazilgold.com/