BrazMin Clarifies Title Ownership on its São Jorge Property, ParÁ State, Brazil
May 5, 2006
Road Town, Tortola, British Virgin Islands (May 5, 2006) - BrazMin Corp. (“BrazMin” or the “Company”) (TSX: BZM) ”) has learned that certain incomplete and misleading statements have been released into the public domain respecting its ownership of the title to certain of the mineral rights at the Company's key asset, the São Jorge Gold Project, located in ParÁ State, Brazil.
To clarify any misunderstandings concerning BrazMin's ownership position, BrazMin announces that it received a title opinion in February 2006 from the Company's legal advisors in Brazil, which clearly states that BrazMin has valid title to all the relevant permits and licences constituting the São Jorge property and that any irregularities currently identified with respect to a permit or licence does not adversely affect the overall title.
BrazMin is a TSX-listed company with a treasury in excess of $CDN 14.5 million. The Company's focus is the acquisition, exploration and advancement of high quality gold projects, primarily in Brazil. BrazMin has a well-qualified exploration and management team with extensive experience and expertise in gold exploration and project management, both within Brazil and worldwide.
BrazMin's key project is the advanced-stage São Jorge Gold Project, located in the TapajÓs Gold District, ParÁ State, Brazil. Mineral rights to the project are held 100% by BrazMin's wholly-owned subsidiary, Brazilian Resources MineraÇão Ltda. A technical report dated March 31, 2006 and entitled “Technical Report on Sao Jorge Project, ParÁ State, Brazil for BrazMin Corp.” can be obtained from SEDAR at www.sedar.com. For additional information on BrazMin and its projects visit the Company's website at www.brazmin.com or contact:
Tau Capital Corp.
Or Alan Friedman