Vancouver, British Columbia–(Newsfile Corp. – January 17, 2022) – Brascan Gold Inc. (CSE: BRAS) (“Brascan” or the “Company”) is pleased to provide an update on its ongoing review of the multiple earn-in options on gold properties in Brazil. As previously announced on December 29, 2021, Brascan completed its due diligence site visit on the Alegre Gold Project (the “Project“) in Pará State, northeastern Brazil. The site visit verified multiple recently active or active artisanal gold mines (garimpos) of significant size, evidently recovering gold from the weathered saprolite zone within structurally controlled shear zones. These gold garimpos attest to Project’s significant gold potential. Brascan believes the saprolite (weathered zone) gold mineralization is likely to extend into the bedrock below, and that this mineralization will be a focus of the anticipated exploration program. This exploration program is expected to include geophysics (magnetics and electromagnetics), surface sampling and planning with respect to the how to cooperatively work with the garimpos. Brascan hopes to develop strong drill targets from this work, especially given the evidence of garimpo gold production.

Location of the Alegre Gold Project:

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https://brascangold.com/2022/01/17/brascan-gold-negotiates-earn-in-options-on-multiple-brazilian-gold-properties-including-the-alegre-gold-project-in-northeastern-brazil/