Brazauro Resources Announces Tocantinzinho Title Solidified.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Trading in the shares of Brazauro Resources (TSXV:BZO BZO Bolzano, Italy (airport code) BZO Battle Sight Zero (military; rifle sight setting) ) was halted on January 27, 2006 at the request of the Company pending a review of Brazauro's title to the eastern portion of the discovery zone at its Tocantinzinho Project in Brazil. As a result of that review, Brazauro's subsidiary has entered into an agreement to acquire the rights to a Mining License. This Mining License would cover the area in respect of which Brazauro held the rights to an application for an Exploration License numbered 850.196/2003 and on which the eastern portion of the discovery zone is located. The Mining License would provide paramount title In the law of real property, ownership that is superior to the ownership with which it is compared, in the sense that the former is the source or the origin of the latter. The term paramount title to the whole area encompassed by application 850.196/2003, the boundaries of which extend a number of kilometers to the east of the discovery zone providing a substantial buffer area around the discovery zone and its possible extensions. The rights to the Mining License arise under an earlier Exploration License granted over the area and relate to the conversion of this Exploration License into a Mining License, which process involves the completion of various procedural matters that require review and approval from the Departamento Nacional de Producao Mineral ("DNPM DNPM Departamento Nacional da Produção Mineral (Brazilian: National Department of Mineral Production) ") in Brazil. Brazauro holds title to the western portion of the discovery zone at the Tocantinzinho Project. Mark E. Jones III Chairman The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities has approved or disapproved the information contained herein. The news release includes certain "forward-looking statements." All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. , exploration results and future plans and objectives of Brazauro Resources, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Brazauro's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators. |
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