Brazil Resources Provides Corporate Update

About this update from Goldmining Inc.

[{"type":"text","content":"\n\n\nVANCOUVER, Oct. 18, 2013 /CNW/ - Brazil Resources Inc. (TSX-V: BRI;\n OTCQX: BRIZF) (the \"Company\" or \"Brazil Resources\") announces that it\n has amended the share purchase agreement dated July 10, 2012 between\n Brazil Resources and Luna Gold Corp. pursuant to which the Company\n acquired a 100% interest in the Cachoeira gold project.  The payment of\n $300,000, originally due 12 months after closing, will now be due 24\n months after closing, being September 24, 2014, or earlier, if\n specified financial milestones are achieved prior thereto.\n\n\nThe Company also announces that it has, through a wholly owned Brazilian\n subsidiary, satisfied the conditions to exercise its initial option to\n acquire a 51% interest (the \"Initial Option\") in the Montes Áureos and Trinta Projects.  Brazil Resources satisfied\n the conditions of the Initial Option by making a cash payment of\n US$25,000, issuing an aggregate of 325,000 common shares of the Company\n over the past three years and incurring aggregate exploration\n expenditures of at least US$1,750,000 over the past three years.  The\n Company has the option to acquire an additional 46% interest in the\n Montes Áureos and Trinta Projects pursuant to the terms of the\n underlying agreement.\n\n\nAbout Brazil Resources Inc.\n\n\nBrazil Resources is a public mineral exploration company with a focus on\n the acquisition and development of projects in emerging producing gold\n districts in Brazil, Paraguay and other parts of South America.\n Currently, Brazil Resources is advancing its principal exploration\n property, the Cachoeira Project, as well as its Montes Áureos, and\n Trinta Gold Projects located in the Gurupi Gold Belt in the state of\n Maranhão, northeastern Brazil, and its Artulandia Copper-Gold Project\n in central Brazil.\n\n\nForward Looking Statements
\n\n\nThis document contains certain forward-looking statements that reflect\n the current views and/or expectations of Brazil Resources with respect\n to its performance, business and future events, including statements\n regarding the Company's beliefs regarding future exploration and\n expectations regarding theCachoeira, Montes Áureos and Trinta and\n Artulandia Projects. Forward-looking statements are based on the\n then-current expectations, beliefs, assumption...

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