June 4, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Brazil Gold Corp. (OTCBB: BRZG) said that it has closed on the acquisition of Amazonia Capital e Partipacoes Ltda. of Brazil. The transaction gives Brazil Gold ownership rights to 99% of Amazonia, the owner of the exclusive rights to explore a 2.1 million acre land package of mineral rights in the Amazon Basin region of Brazil.

With the transaction, Brazil Gold will be the owner of around 2.125 million acres of mineral claims located in three states in the Tapajos Greenstone Belt in the Amazon Basin. This area encompasses a total of 102 mining claims in the three western states of Amazonas, Mato Grosso, and Rodonia.

The company said that, while the primary mineral target is gold, copper, nickel, iron ore, manganese and cassiterite are also found in the area.

Washington-based Brazil Gold is an independent gold exploration company with an agreement to acquire over 861,000 hectares of mineral exploration properties in the gold-rich western Amazon basin of Brazil, in areas that have seen significant historical gold production using only rudimentary evaluation and exploration methods.

The stated objective of the company is to explore for gold deposits using modern technology in these untapped areas.

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