forward looking statements - goldmining...

TSX-V: BRI / OTCQX: BRIZF / BRAZILRESOURCES.COM 2

Forward Looking Statements This presentation contains certain forward-looking statements that reflect the current views and/or expectations of Brazil Resources with respect to its business and future events including statements regarding Brazil Resources’ growth strategy and exploration plans. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which Brazil Resources operates. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other exploration data, the uncertainties respecting historical resource estimates, the potential for delays in exploration or development activities, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with Brazil Resources' expectations, accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, commodity price fluctuations, regulatory restrictions, including environmental regulatory restrictions, Brazil Resources’ ability to identify, complete and/or finance additional acquisitions or any failure to integrate acquired companies and projects into Brazil Resources’ existing business as planned. These risks, as well as others, including those set forth in Brazil Resources' filings with Canadian securities regulators, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward looking information, will prove to be accurate. Brazil Resources does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

TECHNICAL INFORMATION The technical information in this presentation regarding our Cachoeira, Sao Jorge, Whistler, Boa Vista, Surubim (previously Rio Novo project) and Rea projects, please refer to the following respective reports: (i) independent technical report dated April 17, 2013 and amended and restated on October 2, 2013 titled "Technical Report and Resource Estimate on the Cachoeira Property, Para State Brazil", prepared by Greg Mosher of Tetra Tech, Inc.; (ii) independent technical reported by Porfiro Rodriguez and Leonardo de Moraes Soares of Coffey Mining with an effective date of November 22, 2013 and titled "Sao Jorge Project, Para State Brazil"; (iii) Independent technical report (amended and restated as of May 30, 2016) by Gary H. Giroux, M.A. Sc., P.Eng. with an effective date of March 24, 2016 and titled "NI 43-101 Resource Estimate for the Whistler Project“; (iv) independent technical report by Jim Cuttle, Gary Giroux and Michael Schmulian with an effective date of November 22, 2013 and titled "Technical Report, Boa Vista Gold Project and Resource Estimate on the VG1 Prospect, Tapajos Area, Para State, Northern Brazil"; (v) independent technical report by Jim Cuttle and Gary Giroux with an effective date of November 22, 2013 and titled "Technical Report on the Rio Novo Gold Project and Resource Estimate on the Jau Prospect, Tapajos Area, Para State, Northern Brazil"; and (vi) independent technical report prepared by Irvine Annesley and Roy Eccles with an effective date of September 12, 2014 and titled "Technical Report on the Rea Property, Northeastern Alberta”. Reference should be made to the full text of the technical reports each of which is available under the Company's profile at www.sedar.com.

Paulo Pereira, the Company's President, has supervised the preparation of and reviewed the technical information contained in this presentation. Mr. Pereira holds a Bachelor degree in Geology from Universidade do Amazonas in Brazil, is a qualified person as defined in National Instrument 43-101 (“NI 43-101”) and is a member of the Association of Professional Geoscientists of Ontario.

Certain information in this presentation regarding the activities of other companies and other market information has been obtained from publicly available information and industry reports. Such reports generally state that the information contained therein has been obtained from sources believed to be reliable, but the accuracy or completeness of such information is not guaranteed. We have not independently verified or cannot guarantee the accuracy or completeness of that information and investors should use caution in placing reliance on such information.

CAUTIONARY NOTE Investors are cautioned not to assume that any part or all of mineral deposits in the "indicated" and "Inferred" categories will ever be converted into mineral reserves with demonstrated economic viability or that inferred mineral resources will be converted to the measured and/or indicated categories through further drilling. In addition, the estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies.


Overview

Note: 1. See slides 2, 4 and 11 for details on the resource estimates and their associated technical reports. 2. The technical reports are available at www.sedar.com under BRI’s profile.

Whistler

Rea

Titiribi Cachoeira

Surubim Boa Vista

Sao Jorge

• Global gold resource through acquisitions and organic growth of:

• 7.8 million ounces measured and indicated, and

• 10.3 million ounces inferred.

• Business plan focused on acquiring resource stage gold projects in the Americas.

• Uranium optionality with the Rea Project located in the Western Athabasca basin in JV with Areva.

• Strong insider ownership of 30%.

http://www.sedar.com/


Project Cut-off Tonnes Gold Silver Copper Gold Eq Gold Silver Copper Gold Eq (g/t) (Mt) (g/t) (g/t) (%) (g/t) (Moz) (Moz) (Mlbs) (Moz)

Measured Resources

Cerro Vetas 0.3 51.600 0.49 - 0.17 0.82 - 195.10 1.290

Indicated Resources Sao Jorge 0.3 14.420 1.54 - - 1.54 0.715 - - 0.715 Cachoeira 0.35 17.470 1.23 - - 1.23 0.692 - - 0.692 Whistler 0.3 79.200 0.51 1.97 0.17 0.88 1.280 5.03 302.00 2.250 IM 0.3 31.080 0.49 1.10 0.06 0.55 0.485 1.10 41.12 0.547

Cerro Vetas 0.3 132.400 0.48 - 0.16 0.78 2.06 - 459.3 3.17

Chisperos 0.3 62.100 0.48 - - - 0.97 - - 0.97 NW Breccia 0.3 39.700 0.62 - - - 0.79 - - 0.79 Total 376.370 0.58 0.51 0.10 0.74 6.992 6.13 802.43 9.134

Measured and Indicated Resources Total 7.812 6.13 997.52 10.424

Inferred Resources Sao Jorge 0.3 28.190 1.14 - - 1.14 1.035 - - 1.035 Cachoeira 0.35 15.667 1.07 - - 1.07 0.538 - - 0.538 Boa Vista 0.5 8.470 1.23 - - 1.23 0.336 - - 0.336 Surubim 0.3 19.440 0.81 - - 0.81 0.503 - - 0.503 Whistler 0.3 145.800 0.40 1.75 0.15 0.73 1.850 8.21 467.00 3.350 IM 0.3 82.020 0.47 1.02 0.05 0.53 1.237 2.69 90.43 1.390

RW (shallow) 0.3 31.680 0.40 5.39 0.06 0.55 0.409 5.49 41.91 0.563

RW (deep) 0.6 51.760 0.68 3.74 0.10 0.86 1.130 6.22 114.13 1.428

Cerro Vetas 0.3 70.800 0.429 - 0.05 0.51 0.98 - 77.9 1.16

Chisperos 0.3 51.100 0.452 - - - 0.74 - - 0.74 NW Breccia 0.3 86.000 0.56 - - - 1.54 - - 1.54 Total 10.298 22.61 791.37 12.583

BRI NI 43-101 Resource Statement

Notes: 1. See slides 2 and 13 for reference to respective technical reports. 2. The technical reports and news releases are available at www.sedar.com under BRI’s profile.



Acquisitions Near Bottom of the Gold Cycle

Source: Bloomberg

3000

2500

2000

1500

1000

500

TSX-

V In

dex

Clos

ing

Pric

e (C

$)

1996 2002 2006 2010 2016

Commodity Bull Market

Year

Commodity Bear Market

Cachoeira Acquisition

Sao Jorge Acquisition

Whistler Acquisition

2000 1998 2004 2008 2012 2014

Titiribi Acquisition


Brazil Resources at a Glance

Share Structure Coverage Analyst

Issued & Outstanding 118.4 M Cantor Fitzgerald Rob Chang Options 2.9 M H.C. Wainwright Heiko Ilhe Warrants 14.1 M Fully Diluted 135.4 M Financial C$ Cash ~$21 M Closing Price (Nov 18/16) $2.12 Market Capitalization $244 M 30%

35%

35%

Insiders Institutional Individual Holders


Directors and Management

Amir Adnani Garnet Dawson Paulo Pereira Mario Garnero

Chairman CEO President Director Entrepreneur and Founder/CEO of Uranium Energy Corp, a uranium producer.

Over 30 years in the exploration and mining business working with major and junior mining companies in the Americas, Europe and China.

Over 25 years of experience in exploration development in Brazil and Canada including development of new business opportunities for juniors.

Chairman of Brasilinvest Group, a private merchant bank which has attracted investments up to US $16 billion to Brazil.

Herb Dhaliwal Pat Obara David Kong Enzio Garayp

Director CFO & Director Director Advisor Former Canadian Minister of Natural Resources and Minister of National Revenue in the Federal Cabinet under Prime Minister Jean Chretien.

CFO of Uranium Energy Corp with over 30 years of experience in corporate finance and development.

Director for several mining companies and formerly served as a partner with Ernst & Young and Ellis Foster Chartered Accountants.

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


• Founding shareholder and strategic partner of BRI.

• Latin America’s foremost merchant bank established in 1975.

• By net assets one of the top 50 private groups in Brazil.

• Brasilinvest has completed ~US$16 billion of investments in Brazil.

Our Strategic Partner in Latin America


• September 1, 2016: Completed acquisition of the Titiribi gold-copper project.

• Total consideration of 5 million BRI shares and 1 million warrants representing <5% dilution.

• Located in Mid-Cauca porphyry belt, host to more gold than any other region in Colombia.

• Underexplored belt – several discoveries in the last 20 years.

Titiribi Acquisition

Bogota

Titiribi Medellin


Mid-Cauca Porphyry Belt – Multi-Million Ounce Gold Deposits

• Mid-Cauca porphyry belt is host to several multi-million ounce gold deposits discovered in the last 10-20 years

• Largely under-explored compared to other porphyry belts in South America

• Exploration

• San Matias/Cordoba Minerals

• La Cumbre/Batero

• Titiribi/Brazil Resources

• La Mina/Bellhaven Copper & Gold

• Quebradona/AngloGold Ashanti/B2 Gold

• Development

• Santa Ramon/Red Eagle

• Gramalote/Anglogold Ashanti/B2 Gold

• Buritica/Continental Gold

• Miraflores/Metminco

• La Colosa/Anglogold Ashanti

• Production

• Marmato/Gran Colombia

Buritica/Continental Gold

San Ramon/Red Eagle

Gramalote/B2 Gold/Anglo

Marmato/Gran Colombia

La Mina/Bellhaven

Miraflores/Metminco

La Colosa/Anglogold

San Matias/Cordoba Minerals

La Cumbre/Batero

Mid-Cauca Porphyry Belt

Titiribi/BRI

Quebradona/Anglogold

Source: Company websites and technical reports


• 100% owned with no royalties.

• District scale gold-copper porphyry and epithermal system:

• Three deposits (Cerro Vetas, Chisperos, NW Breccia), and

• Six mineralized targets (Maria Jo, Candella, Porvenir, Margarita, Junta, Rosa).

• 270 drill holes (144,779 m).

• Good metallurgical recoveries.

• Excellent infrastructure.

Titiribi Overview

Bogota

Medellin Cerro Vetas

NW Breccia

Chisperos

Junta

Rosa

Maria Jo

Candella Porvenir

Margarita


Titiribi NI 43-101 Resource Estimate Grade Contained Metal

Deposit Classification Au

cut-off (g/t)

Tonnes Mt

Au (g/t)

Cu (%)

Au Eq (g/t)

Au Moz

Cu Mlbs

AuEq Moz

Cerro Vetas Measured 0.3 51.6 0.492 0.172 0.776 0.82 195.1 1.29

Cerro Vetas Indicated 0.3 132.4 0.483 0.157 0.774 2.06 459.3 3.17

Chisperos Indicated 0.3 62.1 0.484 - 0.484 0.97 - 0.97

NW Breccia Indicated 0.3 39.7 0.618 - 0.618 0.79 - 0.79

Total M+I 285.8 0.50 - 0.676 4.63 654.3 6.21

Cerro Vetas Inferred 0.3 70.8 0.429 0.50 0.511 0.98 77.9 1.16

Chisperos Inferred 0.3 51.1 0.452 - 0.452 0.74 - 0.74

NW Breccia Inferred 0.3 86.0 0.555 - 0.555 1.54 - 1.54

Total Inferred 207.9 0.487 - 0.515 3.25 77.9 3.44

Notes: 1. See News Release dated September 14, 2016 for details on the resource estimate. 2. A technical report will be filed on www.sedar.com under BRI’s profile in due course.



Titiribi Gold in Soils and Drilling Map Several targets require follow-up drilling and exploration.


Cachoeira

Sao Jorge Surubim

Boa Vista

Para State, Brazil

Para State Projects

• Four gold projects in Para State.*

• Corporate tax rate of 15.25% in Para State compared to 34% in other states.

• Road access, grid power & water.

Para State Resources*

Project Indicated Inferred

Sao Jorge1 0.71M oz 1.03M oz

Cachoeira2 0.78M oz 0.56M oz

Boa Vista3 - 0.33M oz

Surubim4 - 0.50M oz Notes: 1. See technical report titled “Sao Jorge Project, Para State, Brazil“ with an effective date of Nov. 22, 2013. 2. See technical report titled “Technical Report and Resource Estimate on the Cachoeira Property, Para State, Brazil“ with an effective date of Oct. 2, 2013. 3. See technical report titled “Technical Report, Boa Vista Gold Project and Resource Estimate on the VG1 Prospect, Tapajos Area, Para State, Northern Brazil“ with an effective date of Nov. 22, 2013. 4. See technical report titled “Technical Report on the Rio Novo Gold Project and Resource Estimate on the Jau Prospect, Tapajos Area, Para State, Northern Brazil“ with an effective date of Nov. 22, 2013. profile in due course. 5. All of the above technical reports are available at www.sedar.com under BRI’s profile.



• Largest alluvial gold region in Brazil and third largest in the world.

• Unofficial production of 20 to 30M ounces.

• Large land holding (55,930 Ha).

• Paved highway (BR-163) with grid power.

• Novo Progresso town (60,000 people) 70 km to the south.

Leading position in a significant gold belt


• ~$40 million in exploration on Sao Jorge, Surubim and Boa Vista.

• 37,145 m (145 holes) of prior drilling.

• 2.5 kilometers: geophysical target on strike with deposit provides exploration upside on site.

• 90% unexplored: only 10% of property has been explored.

Sao Jorge Project – Resource

Sao Jorge Resources (0.3 g/t cut-off)

Classification Tonnes Gold Grade (g/t)

Gold (oz)

Indicated 14.42 1.54 715,000

Inferred 28.19 1.14 1,035,200

Notes: 1. See technical report titled “Sao Jorge Project, Para State, Brazil“ with an effective date of Nov. 22, 2013. 2. The above technical report is available at www.sedar.com under BRI’s profile.

Section 7500E

Unaltered Rock

Hematite + Chlorite

Silica + Sericite + Epidote + Pyrite

0.97 g/t / 135.8m

1.14 g/t / 108.2m

1.69 g/t / 114.5m

0.66 g/t / 124.6m

0.51 g/t / 118m



• ~$25 million in exploration.

• Paved highway (BR-316) with grid power.

• Three deposits hosted within the Gurupi Greenstone Belt.

• Deposits amenable to open pit extraction.

• Excellent exploration potential.

Cachoeira Project – Overview

Cachoeira

Sao Jorge Surubim

Boa Vista

Para State, Brazil


Cachoeira Project – eastern side of CSZ untested

Untested

Mapped as dacite (blue), but mostly alteration (albite, silica) that hosts mineralization

Notes: 1. See technical report titled “Technical Report and Resource Estimate on the Cachoeira Property, Para State, Brazil“ with an effective date of Oct. 2, 2013. 2. The above technical report is available at www.sedar.com under BRI’s profile.



Cachoeira Project – three deposits

Cachoeira Resources (0.35 g/t cut-off)

Classification Tonnes Gold Grade (g/t)

Gold (oz)

Indicated 17.47 1.23 692,000

Inferred 15.67 1.07 538,000

Tucano - Section 9804300

Au (g/t)

Notes: 1. See technical report titled “Technical Report and Resource Estimate on the Cachoeira Property, Para State, Brazil“ with an effective date of Oct. 2, 2013. 2. The above technical report is available at www.sedar.com under BRI’s profile.



Anchorage

Fairbanks

Whistler Project

• ~$50 M in exploration.

• Located in stable mining jurisdiction with six producing mines and several advance stage projects.

• District-scale project (170 sq km).

• 50-person all season exploration camp and airstrip for staging exploration programs.

• Multiple potential power/access routes.

Whistler Project - Overview


Whistler Project – Location, Access & Infrastructure


• Bulk mineable gold-copper porphyry mineralization with multi-million ounce resource estimates (Whistler, Raintree West and Island Mountain deposits).

• Several mineralized targets intersected in core require follow-up.

• Numerous geophysical and geochemical targets require drilling.

• 70,000 m of diamond drilling to date.

• Favorable metallurgical recoveries at all deposits.

Whistler Project – Porphyry District (170 sq km)

Notes: 1. See technical report titled “NI 43-101 Resource Estimate for the Whistler Project“ with an effective date of March 24, 2016. 2. The above technical report is available at www.sedar.com under BRI’s profile.



Whistler Project – Resource


Project Cut-off Tonnes Gold Silver Copper Gold Eq Gold Silver Copper Gold Eq (g/t) (Mt) (g/t) (g/t) (%) (g/t) (Moz) (Moz) (Mlbs) (Moz)

Indicated Resources Whistler1 0.3 79.20 0.51 1.97 0.17 0.88 1.280 5.03 302.000 2.250

IM1 0.3 31.08 0.49 1.10 0.06 0.55 0.485 1.10 41.120 0.547 Total 110.28 0.50 1.72 0.14 0.79 1.765 6.13 343.120 2.797

Inferred Resources Whistler1 0.3 145.80 0.40 1.75 0.15 0.73 1.850 8.21 467.000 3.350

IM1 0.3 82.02 0.47 1.02 0.05 0.53 1.237 2.69 90.430 1.390 RW (Zone A)1 0.6 51.76 0.68 3.74 0.10 0.86 1.130 6.22 114.130 1.428 RW (Zone B)1 0.3 31.68 0.40 5.39 0.06 0.55 0.409 5.49 41.910 0.563

Total 311.26 0.47 2.26 0.11 0.68 4.626 22.61 713.470 6.731



Whistler Project – satellite deposits & targets

Round Mountain

Snow Ridge

Long Lake Hills

Whistler

Rainmaker

Puntilla

Raintree W

Spur Targets

Portage Ck

Looking NW

167 m @ 0.47g/t Au, 0.17% Cu.

90 m @ 0.42g/t Au, 1.3g/t Ag, 0.10% Cu

2.25 Moz Au Eq. indicated 3.35 Moz Au Eq. inferred*

Raintree N

WB Camp & Airstrip

Skwentna River

Winter Trail Access Route

Puntilla Airstrip

Raintree S

172 m @ 1.13 g/t Au, 0.18% Cu, 3.9 g/t Ag within 453.2 m of 0.72 g/t Au, 0.12% Cu, 3.2 g/t Ag

79.3 m @ 0.57 g/t Au, 0.19% Cu, 1.55 g/t Ag




• Acquired through the acquisition of Brazilian Gold in Dec. 2013.

• $10 M in exploration.

• District scale land holdings in the western Athabasca Basin – 125,000 hectares.

• Brazil Resources owns 75% and AREVA owns 25%.

• Surrounds Areva’s high-grade Maybelle deposit.

• Discovered in 1988.

• Areva completed their first drill program this winter since 2003.

• New exploration model (basement hosted) since last period of exploration.

• Since 2014, nearby high grade and large discoveries (NexGen and Fission).

Rea Uranium Project – Western Athabasca Basin

Notes: 1. See technical report titled “NI 43-101 Technical Report on the Rea Property, Northeastern Alberta“ with an effective date of September 12, 2014. 2. The above technical report is available at www.sedar.com under BRI’s profile.



Rea Project – Large Land Package

Source: SNL Metals and Mining/Intierra Maps – November 2014

Toll Free: (855) 630-1001 [email protected] www.brazilresources.com Fax: (604) 682-3591

Corporate Head Office 1830-1030 West Georgia Street Vancouver, British Columbia Canada V6E 2Y3

Chairman: Amir Adnani CEO: Garnet Dawson President: Paulo Pereira Corporate Counsel: Sangra Moller LLP Auditors: Ernst & Young

TSX-V: BRI / OTCQX: BRIZF

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