Brazil Resources' Investor Presentation

January 2011

This presentation contains "forward-looking information" within the meaning of applicable Canadian securities regulations. Forward-looking information includes, but is not limited to, statements with respect to the future price of minerals and the effects thereof, the timing and amount of estimated capital expenditures, costs and timing of proposed activities, plans and budgets for and expected results of exploration activities, exploration and permitting time-lines, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation obligations and expenses, the availability of further acquisition opportunities and Brazil Resources Inc’s ("BRI") use of the proceeds from financings. This forward-looking information is based on certain assumptions that BRI believes are reasonable, including that the current price of and demand for minerals being targeted by BRI will be sustained or will improve, that BRI’s current exploration programs and objectives can be achieved, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed on reasonable terms and that BRI will not experience any material accident, labour dispute, or failure of plant or equipment. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of BRI to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, that BRI has a limited operating history, resource exploration and development is a speculative business, BRI may lose or abandon its interest in its properties, the Montes Áureos Property is in the exploration stage and is without known bodies of commercial ore, BRI may not be able to obtain all necessary permits and approvals that may be required to undertake exploration activity or commence construction or operation of mine facilities on any of its properties, environmental laws and regulations may become more onerous, BRI's ability to raise additional funds by equity financing and the fluctuating price of gold, as well as the other factors discussed in the section of the Final Prospectus (the "Prospectus") of BRI dated April 21, 2011 entitled "Risk Factors" filed with Canadian securities regulators and available at www.sedar.com.

Although BRI has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty thereof. Except as required under applicable securities legislation, BRI does not intend, and does not assume any obligation, to update this forward-looking information.

The information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.

Technical Information

The technical information in this presentation is derived from the independent technical report dated March 16, 2011 entitled "Montes Áureos Gold Project, Maranhão, Brazil" prepared by Mario Conrado Reinhardt, BSc(Geo), MAIG of Coffey Mining (the "Technical Report"). Reference should be made to the full text of the technical report, a copy of the Technical Report is available at www.sedar.com. Reference should also be made to the full text of BRI's Final Prospectus dated April 21, 2011, which is also available at www.sedar.com.

FORWARD LOOKING INFORMATION

“The Newest Brazilian Gold Explorer In The Emerging Gurupi Belt”

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TSX-V: BRI

OTCQX: BRIZF

http://www.sedar.com/

http://www.sedar.com/

Newly listed on the TSX Venture Exchange as of May 16, 2011

Strategic alliance with the Brasilinvest Group – a leading Brazilian merchant bank that has attracted investments in the range of US $12 billion

Focused on acquiring portfolio of advanced projects with drill ready targets in emerging gold districts of the Brazilian Shield

Experienced Brazilian operating, management and board teams

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CORPORATE OVERVIEW


TSX-V: BRI

OTCQX: BRIZF

Track Record of Discovery: Technical team involved in discovery and development of more than 10 million ounces of gold in Brazil

Superior Access to Capital Markets: BRI’s executive team and directors have a proven track record in raising capital in the resource sector

Controls +300,000 Acres In Top Brazilian Gold Districts: Including three projects in the Gurupi Belt, an emerging district with mining companies such as Kinross Gold, Jaguar Mining and Luna Gold developing exploration projects and gold mines

Established Infrastructure: All BRI properties in the Gurupi Belt have access to roads, electricity and water

Strong Treasury: With over $10M cash on hand the company is well positioned to execute on exploration programs and acquisition opportunities

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INVESTMENT HIGHLIGHTS


TSX-V: BRI

OTCQX: BRIZF

As of January 1, 2011

Cash Position $10.1M

Shares Issued and Outstanding 39.4M

Warrants Outstanding .3M

Options Outstanding 1.6M

Total Issued and Outstanding 41.3M

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CAPITAL STRUCTURE & SHARE PERFORMANCE


Recent Closing Price $1.17Trading Range (Since IPO) $1.00 - $1.45Average Volume ~30,000


Shares Issued Recent Share Performance

Market ValuationMajor Institutional Shareholders


Management and Insider Ownership ~30%

Institutional Ownership ~35%

• KCR Fund • Brasilinvest Group• Encompass Funds


Enterprise Value $36M

Market Capitalization $46M

Over CDN $10 M in the treasury with no debt

TSX-V: BRI

OTCQX: BRIZF


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Steve Swatton, President & CEO

Former head of BHP Billiton’s Global Business Development and Technical divisions (Exploration Dept.)

Mario Garnero, Director

Chairman of Brasilinvest Group, merchant bank which has attracted investments up to US $12 billion to Brazil

Enzio Garayp, Director

Former Exploration Manager for Kinross in Brazil and directly oversaw the 8 Moz expansion of their 15 Moz Paracatu Mine

TSX-V: BRI

OTCQX: BRIZF

THE BRI TEAM

Founder and CEO of Uranium Energy Corp- North America’s newest uranium-producer

Amir Adnani, Chairman

Pat Obara, Director & CFO - Mr. Obara was CFO of Uranium Energy Corp from 2006 to 2011 and has served as CFO for several TSX Venture companies

Paulo Pereira, Vice President of Exploration - Over 25 years of experience in exploration development in Brazil and Canada including developing new business opportunities for juniors

David Kong, Director - Mr. Kong is a director for several mining companies and formerly served as a partner with Ernst & Young and Ellis Foster Chartered Accountants

Herb Dhaliwal, Advisor - Former Canadian Minister of Natural Resources and Minister of National Revenue in the Federal Cabinet under Prime Minister Jean Chretien

Ovidio Antonio de Angelis, Advisor - Served as the Minister of Regional Politics and Minister of Urban Development in the Brazilian cabinet from 1998 through 2002

Paulo Espellet, Senior Geologist - Over 20 years of experience in exploration activities throughout major mining districts in Brazil 7


THE BRI TEAM

TSX-V: BRI

OTCQX: BRIZF

Structured and completed projects and investment plans in Brazil in the range of US $12 billion

Sample of transactions: ITT-Standard Electric SA, NEC, Cofap, Bombril, Fiat, Volkswagen, Varig, Boehringer, Celupa, Mellita

Brasilinvest has been a pioneer in discussing themes such as globalization and its effects on the Brazilian market at various venues

Founded in 1975 by Mario Garnero, a director of Brazil Resources

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BRASILINVEST — A STRATEGIC PARTNER IN BRAZIL


TSX-V: BRI

OTCQX: BRIZF

BRI Director Mario Garnero with Brazilian President Rousseff (2011- present)

BRI Director Mario Garnero with Former Brazilian President Lula da Silva (2003-2010)

INVESTING IN BRAZIL


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Stable political climate that encourages foreign investment

Is among the top 5 destinations for foreign investment (UNCTAD)

TSX-V: BRI

OTCQX: BRIZF

One of the top three mining jurisdictions in South America

Clear permitting process with federal gov’t as sole authority

Low royalty rate of 1% on gold

BRAZIL AS A PREMIER MINING JURISDICTION

Luna Gold – Announces major resource upgrade at Aurizona; M+I

resources increase by 250%– 3.9 Moz Aurizona Gold Mine commences production– Combined regional resources of 4.5 Moz

– Reportedly offered $1B by Chinese miner– Gurupi – Completes feasibility study; announces

board approval to construct an open pit mine– Gurupi – Closes US$103.5M Senior Convertible Note– Gurupi – Combined resources of 3.1 Moz

Brazil Resources Inc.‾ Raises $4.76 million through private placement‾ Acquires 259,000-acre land package, including the

Artulandia property, in Goias State, Brazil‾ Acquires Trinta & Maua properties in the Gurupi Belt;

commences exploration10

GURUPI GOLD BELT IN THE NEWS


TSX-V: BRI

OTCQX: BRIZF

Jaguar Mining

Gurupi Gold Belt And The West African Shield Were Previously Connected

53,263 acres and three projects in the emerging Gurupi Gold Belt

Prospective potential to generate several low grade/near-surface deposits

Located near land holdings of companies such as Jaguar, Luna and Kinross

Strong infrastructure with road access and electrical connections

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GURUPI BELT PROJECTS- EXPLORATION OVERVIEW

Paulo Pereira, Vice President – Exploration, Beside A Tunnel Used By Artisanal Gold Miners

At Montes Áureos


TSX-V: BRI

OTCQX: BRIZF

An Abandoned Open Pit That Was Actively Mined During The “Garimpeiro rush” Starting In

The Mid-1980s


Cipoeiro (Gurupi Project)2 Moz

(Feasibility Study 02/01/11)

Cachoeira Project

Aurizona Mine3.9 Moz

(Production began 02/09/11)

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Trinta Project

Montes Áureos Project

TSX-V: BRI

OTCQX: BRIZF

Mauá Project

Chega Tudo (Gurupi Project)

1 Moz (Feasibility Study

02/01/11)


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TSX-V: BRI

OTCQX: BRIZF

ESTABLISHING A STRATEGIC POSITION IN THE GURUPI BELT

Cipoeiro Deposit (2 Moz)

Chega Tudo Deposit (1 Moz)

Located 20 km southeast of Jaguar’s +3 Moz Gurupi Project

Identified 2 km anomalous trend that is on-strike, and comparable, to the footprint of the +1,000,000 oz. Chega Tudo deposit (Gurupi Project)

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MONTES ÁUREOS PROJECT HIGHLIGHTS


TSX-V: BRI

OTCQX: BRIZF

Mineralized intervals intersected in all 21 auger drill holes - including 7m at 2.80 g/t Au at 4m with

A long history of artisanal mining dating back to the 17th century

Visible Gold Mineralization Extracted From Montes Áureos

A Historic Deposit Was Established In The Northern Section Of The Property In The 1990s By TVX Gold

1.97 g/t Au.

ARTISINAL MINING ACTIVITIES AT MONTES AUREOS


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TSX-V: BRI

OTCQX: BRIZF


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TSX-V: BRI

OTCQX: BRIZF

3,000-meter program focused on 2km Au-Cu-As anomalous trend and on parallel 600m trend

Initial drill targets have been identified through auger drilling results, geochemical sampling and areas of past production

Targeting near-surface mineralization

Program to commence shortly; results expected in H1 2012

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MONTES ÁUREOS DIAMOND DRILLING PROGRAM


TSX-V: BRI

OTCQX: BRIZF

Proposed Diamond Drilling Program

BRI can earn up to 97% by completing both phases of the option agreement.

Phase 1 for (51%) must be completed by September 2013 and includes:

(a) US$25,000 cash payment (paid)

(b) issue 325,000 shares

(c) exploration expenditures totaling US$1,750,000

(d) keep properties in good standing

Phase 2 for (46%) must be completed by September 2015 and includes:

(a) pay US$1,000,000;

(b) issue 700,000 shares

(c) exploration and/or development expenditures

of US$3,000,000.

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MONTES ÁUREOS AND TRINTA TRANSACTION: 97% INTEREST


TSX-V: BRI

OTCQX: BRIZF

MONTES ÁUREOS EXPLORATION PHASES 1 & 2

Completion of Phases 1 & 2 provides BRI with a 97% ownership stake in the Montes Áureos and Trinta projects.

Objectives:

Conduct 13,000 m of diamond drilling

Extend auger drilling along all identified anomalous trends (2.6 km)

Define and expand NI 43-101 resources


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TSX-V: BRI

OTCQX: BRIZF

TRINTA & MAUA EXPLORATION


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TSX-V: BRI

OTCQX: BRIZF

Objectives:

Obtain geological mapping and conduct soil sampling on both properties

Conduct detailed auger drilling over prospective anomalous zones

Identify drill-ready targets

Initial auger drilling targets will be located in and around previously mined alluvial gold occurrences

PIRINEUS PROJECT – EXPLORATION OVERVIEW


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TSX-V: BRI

OTCQX: BRIZF

District-scale land package totaling 259,000 acres in Goias State, where world-class companies such as Kinross, Anglogold Ashanti and Yamana Gold are present

Initial exploration results on the recently acquired Artulandia property identified two parallel gold trends approximately 11 km in length

Several occurences of historic artisanal gold

Exploration programs scheduled to begin shortly

mining operations

PIRINEUS PROJECT – A DISTRICT-SCALE OPPORTUNITY


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TSX-V: BRI

OTCQX: BRIZF

Both gold trends are open laterally in both directions


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TSX-V: BRI

OTCQX: BRIZF

Potential Intrusion

PIRINEUS PROJECT – TWO 11 KM LONG GOLD TRENDS

PIRINEUS PROJECT


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TSX-V: BRI

OTCQX: BRIZF

Objectives:

Obtain geological mapping and conduct geochemical reconnaissance sampling

Identify anomalous zones for further exploration

Define drill-ready targets

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UPCOMING MILESTONES

2012 Q1 2012 Q2 2012 Q3 2012 Q4

2011 Exploration Program

Conduct 3,000 m Diamond Drilling Program

Acquire Initial 51% Interest

Montes Áureos

Trinta & Maua

M&A Activities

Announce Initial Drilling Results 10,000 m Diamond Drilling Program

2011 Exploration Program – Stream/Soil Sampling & Auger Drilling Program

Evaluate Exploration Results & Determine Investment Budget

Continue to Evaluate M&A OpportunitiesConduct Due Diligence and Announce Acquisition of Project(s)


TSX-V: BRI

OTCQX: BRIZF

Pirineus

Evaluate Exploration Results & Determine Investment Budget

2012 Exploration Program

2011 Exploration Program – Stream/Soil Sampling & Auger Drilling Program

Mobilize and initiate exploratory drilling at Montes Áureos to establish a NI 43-101 compliant resource

Execute on previously identified acquisition opportunities, including near-term producing assets

Enhance outreach to government and local communities on acquisition and exploration activities

Raise necessary capital to further our operating plan

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CORPORATE & OPERATIONAL 2011 OBJECTIVES


TSX-V: BRI

OTCQX: BRIZF

Technical staff have discovered and developed over 10 Moz in Brazil

Management and technical teams have held senior positions with world class mining firms such as BHP, De Beers, Kinross, Rio Tinto, Teck and Uranium Energy Corp

Strategically positioned +300,000-acre land package with past informal mining activity on all projects

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INVESTMENT SUMMARY


TSX-V: BRI

OTCQX: BRIZF

Fully financed for upcoming work programs and near-term growth with

over $10 M in cash

Drilling results and acquisition related news flow anticipated shortly

Head Office:320-1111 West Hastings St.

Vancouver, BC

Corporate and Securities Counsel: Sangra Moller LLP1000-925 West Georgia St.

Vancouver, BC

General Counsel: McMillian LLP1500-1055 West Georgia St.

Vancouver, BC

Auditor: Ernst & Young700 West Georgia St.

Vancouver, BC

Transfer Agent: Computershare510 Burrard St., 2nd Floor

Vancouver, BC

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CORPORATE INFORMATION


TSX-V: BRI

OTCQX: BRIZF