Brazauro Reports Results of Additional Drilling Completed by Eldorado Gold Corp. at Tocantinzinho.

Drilling Intercepts Include 118.43 Meters Grading 2.79 Grams Per Tonne Gold, and 212.00 m Grading 1.66 Grams Per Tonne Gold.

HOUSTON -- Brazauro Resources Corp. ("the Company") is pleased to announce results of additional drilling carried out by Eldorado Gold Corp. at the Company's 100%-owned Tocantinzinho Gold Project (TZ) in the Tapajos region of Para state, Brazil. The drilling consisted of 7 holes executed by Eldorado as part of its planned 20,000-meter drilling program at Tocantinzinho.

Since Eldorado began operating the project in September, 2008, 48 drill holes have been completed for a total of 14,935 meters. The total diamond drilling delineating the deposit today is 38,542 meters. The objectives of the current drilling program are to confirm previous drilling carried out by Brazauro, to fill in the drilling grid, to investigate the nature of the enclosing rocks and to provide larger samples for metallurgical testing.

Highlights from this round of drilling include the following strong drill results:

* TOC-140 2.79 g/t gold over 118.43 meters from 72.07 meters depth

* TOC-141 1.66 g/t gold over 212.00 meters from 143.00 meters depth

* TOC-143 1.22 g/t gold over 269.62 meters from 111.38 meters depth

Of these seven holes, six were drilled to fill in the high-grade zone in the middle of the mineralized area. These were holes number 139 to 144. Hole 120 was drilled in the northwest portion of the mineralized zone, which is generally lower grade.

Overall, the results of this set of holes continue to confirm the earlier results obtained by Brazauro and upgrade the resource to a higher level of definition.

Mark Jones, chairman and CEO, said, "We are pleased with the strong drilling results. Eldorado is continuing to drill while evaluating the project technically."

The following table summarizes the results of these 7 holes.

[TABLE OMITTED]

Mineralized intervals are determined using a cut-off of 0.20 g/t Au. All intercepts are "down the hole" and do not represent true widths. All holes are inclined from 56x to 81x from horizontal.

Results up to the hole TOC 138 were announced July 23, 2009, except for hole TOC 120, which was re-assayed.

In accordance with the Option/Joint Venture Agreement signed in July, 2008, Eldorado Gold Corp. is managing the Tocantinzinho Project.

Eldorado has the option to acquire a 60% interest in the Tocantinzinho Project for $40 million by committing to an expenditure of $9.5 million over a two-year period toward completing an NI 43-101-compliant feasibility study. Eldorado will have a second option to purchase an additional 10% of the Tocantinzinho Project for a further $30 million once a construction decision has been made following the completion of a feasibility study. If the feasibility study outlines between 2 and 2.5 million proven and probable ounces of gold, the price will be increased by $5 million and if it outlines more than 2.5 million proven and probable ounces of gold, the price will be increased by $10 million. Eldorado will have a third option to purchase an additional 5% of the Tocantinzinho Project for a further $20 million within two years of the construction decision.

Sampling Procedures

The recovered NTW and BTW-size cores are split in half by a standard rock saw. One-half is sent to the laboratory in intervals not greater than 2 meters in length and cut depending on geologic parameters. The remaining half-core is stored on site. The samples were bagged in lots of fifty (50) and flown from the project site to Itaituba, where SGS-Geosol Ltda. has a sample prep facility. Samples are dried at 105xC, crushed to 2mm, homogenized, and then a 1.0 kg split is taken from approximately 3kg of material. The 1.0 kg split material is pulverized to minus 150 mesh and a 150g split is then taken from this portion for the fire assay. At Itaituba SGS-Geosol prep lab, one "blank" (pure pulverized quartz) is inserted every 40 samples and a sieve test for crushing (90%-2mm) and pulverizing (95%-150#) is performed every 20 samples. The pulps (150 grams) were then air freighted to the SGS-Geosol analytical laboratory in Belo Horizonte for Fire Assay/AA analysis on 50g split. This procedure is valid until hole TOC-123.

Starting on hole TOC-124, the recovered NTW and BTW-size cores are split in half by a standard rock saw. One-half is sent to the laboratory in intervals not greater than 2 meters in length and cut depending on geologic parameters. The remaining half-core is stored on site. The samples were bagged in lots of fifty (50) and flown from the project site to Belo Horizonte ALS-Chemex lab. Samples are dried at 105xC; crushed with at least 70% of passing mass in 2mm sieve (grain fraction). Samples are split to obtain 250 to 300g of material and pulverized with at last 85% of material passing in a sieve of 75 microns = 200 mesh. A split of 30g is assayed by Fire Assay and AAS. In case of samples with visible gold a duplicate is collected and the procedure is repeated.

In addition to the laboratories quality control, Brazauro and Eldorado have added their own certified check samples each 10samples.

Mr. Rodrigo Mello, a qualified person as defined in NI 43-101 and Senior Consultant of Belo Horizonte, Brazil-based NCL Brasil Ltda., has read and approved the technical portions of this release.

Mark E. Jones III Chairman, CEO Brazauro Resources Corporation

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation which are not historical facts and are made pursuant to the "safe harbour" provisions under the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the Company's reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties and other factors that could cause the Company's plans to change include changes in demand for and price of gold and other commodities (such as fuel and electricity) and currencies; changes or disruptions in the securities markets; legislative, political or economic developments in Brazil; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of the company's projects; risks of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining or development activities; the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves and resources; and the risks involved in the exploration, development and mining business.The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.