Road Town, Tortola, British Virgin Islands (Jul 5, 2007) – BrazMin Corp. (“BrazMin” or the “Company”) (TSX: BZM) is pleased to announce that following recent approval by the board of directors, the name of the Company will be changed to “Talon Metals Corp.” effective on or about Monday July 9, 2007 subject to coordination with the Toronto Stock Exchange (“TSX”).
Coincident with the name change, the trading symbol on the TSX will change to “TLO” and a new web site will be launched at www.talonmetals.com. No change to the Company’s capital structure will result from the name change and shareholders do not have to exchange their BrazMin share certificates for Talon Metals Corp. share certificates.
Company management believe that the new name better reflects the intent to broaden the focus of the Company following the appointment of Dr. Fiona Childe as President and CEO, as well as the recent announcement that the Company is actively reviewing several potential acquisitions both within and outside Brazil.
“This name change marks a new chapter for our company as we advance our corporate strategy of exploring for the discovery of major metal assets in previously under-explored regions,” said Sandra Cowan, Chairman of the Company.
Election of New Directors
The Company also announces the election of two new directors to the board, Dr. Fiona Childe and Mr. Stuart Comline, at the annual meeting of shareholders held on June 25, 2007.
“I would like to welcome Dr. Childe and Mr. Comline to the board and thank Mr. Lewis for his contribution to the board, as he did not stand for re-election,” stated Ms. Cowan.
Dr. Fiona Childe, President and CEO of BrazMin Corp., is an experienced exploration geologist, with over fifteen years experience in the minerals industry. She has conducted exploration and research on mineral deposits with an emphasis on gold and base metal systems in the Americas and Africa. Dr. Childe holds B.Sc. (Inorganic Chemistry) and M.Sc. (Geology) degrees from McGill University, and a Ph.D. (Economic Geology) from the Mineral Deposit Research Unit at the University of British Columbia. She has been a Professional Geoscientist (P.Geo.) with the Association of Professional Geoscientists of Ontario since 2002. Dr. Childe has previously been involved with several public and private exploration and development companies, including Viceroy Exploration Limited and AfriOre Limited.
Mr. Comline is a past Chairman and President of AfriOre Limited, a TSX-listed mining company which was acquired by Lonmin plc for approximately C$500 million in January 2007. Mr. Comline has 35 years of experience in the exploration and mining industry in Africa and Canada. He spent 20 years with JCI Limited in a number of senior managerial positions, including General Manager, Exploration, responsible for all exploration activities and geology. He has experience in various commodities including gold, platinum, base metals and coal. Mr. Comline holds a B.Sc. (Hons.) from the University of Natal and a M.Sc. from the University of Western Ontario.
The Company is listed on the TSX and is focused on the acquisition, exploration and advancement of high quality resource projects. The Company has a well-qualified exploration and management team with extensive experience in exploration and project management.
The Company has a treasury of approximately CDN$8.0 million and holds 13,150,000 common shares of Brazauro Resources Corporation, (TSX-V:BZO). The Company has 27,054,222 shares outstanding and 32,088,722 shares fully diluted. For additional information please visit the Company’s website at www.brazmin.com or contact:
VP Investor Relations
Tau Capital Corp.
Tel: (416) 361-9636 x 243