Brazil Resources Acquires Whistler Copper-Gold Project in Alaska

Brazil Resources (TSXV:BRI) has completed its acquisition of the Whistler copper-gold project from Kiska Metals for 3.5 million shares.
Highlights included:

• Brazil Resources has acquired a 100% interest in the Whistler gold-copper project in south-central Alaska;
• The 170 sq km project hosts several gold-copper porphyry deposits, including the Whistler deposit, for which Kiska Metals Corporation previously completed a resource estimate, reporting an indicated resource of 2.25 million gold-equivalent ounces and an inferred resource of 3.35 million gold-equivalent ounces as detailed in Table 1 below. Brazil Resources is treating this estimate as a historic resource estimate and currently plans to engage a qualified person to complete the necessary work to verify the estimate on its behalf and to complete a NI 43-101 technical report for the Company; and
• With a large historic resource and good exploration potential, the Whistler Project, at the low acquisition cost of 4.5% dilution, marks a significant milestone in the Company’s strategy to increase shareholder value through accretive acquisitions during the current commodity downturn.

Brazil Resources CEO Garnet Dawson said:

The Whistler Project is a very exciting and timely addition for our Company. By leveraging the current commodity cycle downturn, we are building a quality multi-jurisdictional portfolio of projects throughout the Americas, while minimizing acquisition costs and dilution to our shareholders. Thus far, this strategy has yielded several accretive acquisitions, including the Cachoeira, Sao Jorge, Rea Uranium and the Whistler projects. We will continue to move forward with this strategy to complete accretive acquisitions in the current resource climate and further enhance value for our shareholders.

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