Brazauro to Acquire çgua Branca Property

 

HOUSTON, TX - Brazauro Resources Corporation has entered into a non- binding Letter of Intent with Talon Metals Corp. to acquire the çgua Branca property from Talon’s Brazilian subsidiary. The contemplated transaction remains subject to approval by the board of directors of Talon. çgua Branca consists of approximately 9,356 hectares of Exploration Licenses in the Tapaj—s region of Par‡ State, Brazil.

The çgua Branca property is one of the largest and oldest alluvial and hard rock garimpos, or informal mining camps, in the Tapaj—s mineral province. The Property is located approximately 35 kilometers south of Brazauro’s Tocantinzinho Gold Project in the well-known Tocantinzinho-Cuiu Cuiu gold belt. Like Tocantinzinho, çgua Branca is located in the gold-fertile Parauari granite. The Property is accessible by road year-round.

Brazauro plans to carry out a soil sampling program over the targets in the area and to have drill targets ready by early 2010. A camp is in place, a team is ready and work will commence as soon as a definitive agreement has been signed.

The chairman and CEO, Mark Jones, stated, ÒWeÕve had our sights on çgua Branca for some time now, and are very pleased to have signed the non-binding LOI with Talon. In the Tapaj—s region, Tocantinzinho and çgua Branca are two of the most significant garimpos, they are close together and are located along the same major northwest-southeast gold-bearing Tocantinzinho trend.

The company’s address is 16360 Park Ten Place, Suite 217 Houston, Texas 77084, (281) 579-3400, fax: (281) 579-9799, email: [email protected].