Brazilian Gold Corp BGC.TSXV Edging Further Closer to Production with Flagship Sao Jorge

Brazilian Gold Announces Filing of Updated Technical Report on Mineral Resources of the São Jorge Gold Project

Release No. 18/12


Vancouver, BC, October 29, 2012

Brazilian Gold Corporation (TSXV: BGC) is pleased to announce that it has received from Coffey Mining the National Instrument 43-101 Technical Report dated October 29, 2012 entitled "São Jorge Gold Project, Pará State, Brazil, Independent Technical Report on Mineral Resources" and it has been filed on Sedar (www.sedar.com) and is also available on the Company's website (www.braziliangold.ca). Details of the São Jorge resource estimate were announced in a News Release on September 19, 2012 (News Release 16/12).

Brazilian Gold owns a portfolio of road accessible, grass-roots to advance stage (São Jorge) gold projects in the Tapajós region of northern Brazil.

In 2012, Brazilian Gold is focused on expanding their resource base and completing engineering studies on our São Jorge project.

BGC's share price has suffered market drag-down where the TSX Venture exchange has born the brunt of a significant sell off

Unfortunately BGC shares have been dragged down and I consider them to have been significantly oversold by the market.