Brazilian Gold Corporation Announces Option Grant

Release No. 12/10
Vancouver, BC, July 5, 2010

Brazilian Gold Corporation (the "Company") has granted incentive stock options, under its stock option plan, to one recently elected director of the Company, to purchase up to 300,000 common shares of the Company. The options are exercisable for a five year period at an exercise price of $0.60 per share and are subject to vesting provisions.

About Brazilian Gold Corporation

Brazilian Gold Corporation is a Canadian based public company with a focus on acquisition, exploration and development of mineral properties in the Tapajos region of Northern Brazil. The Company has approximately Cdn$10 million in cash.

For More Information
Brazilian Gold Coproration
Alvin Jackson, Chairman and Chief Executive Officer
Tel: +1 604 602-8188

Investor Relations
Tom Hart
Tel: +1 403 701-4278

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