Options Grant

Release No. 1/10
Vancouver, BC, January 21, 2010

Vancouver, British Columbia - January 21st, 2010 - Brazilian Gold Corporation (TSXV: BGC) (the "Company") announces that it will grant 1489473 Alberta Ltd. incentive stock options to purchase up to 250,000 common shares of the Company in consideration of the renewal of its investor relations services. These options are excisable at today’s market close price of $0.60 with a five year term, subject to certain vesting conditions.

The renewal of the investor relations contract and its related option grant are subject to TSX Venture Exchange acceptance.

For More Information
Red Dragon Resources Corp.
Alvin Jackson, Chairman and Chief Executive Officer
Tel: +1 604 602-8188

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this news release.