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Terrax Receives Order for $20 Million

^{Published on 2010-05-13 05:41:05 - Market Wire}
 

GARDNERVILLE, NV--(Marketwire - May 13, 2010) - Brazilian Mining Corporation (PINKSHEETS: [ BRZM ]) -- Terrax, Inc., a fully owned subsidiary of Brazilian Mining Corporation, confirmed today that it has received order confirmation for the Theia systems totaling $20 million USD. The client, who is undisclosed until final contract negotiations are completed, has been quietly engaged with Terrax over the past eight months to help direct the development of the Theia system for standoff detection. The order represents a first of its kind for the standoff detection systems that can significantly change the approach to security detection.

The delivery time frame for field deployments of the order will be staged over a nine-month period. In addition, the payment structure will be based on a 50% in advance and the balances due at time of delivery. This arrangement will provide Terrax the necessary cash flow to finance delivery operations while continuing to nurture other orders pending in its existing sales pipeline. Terrax estimates its sales pipeline at 250 million USD.

Contract negotiations and the deployment methodologies are expected to be completed within the next 30 days. Murray Owen, president, stated that "we are extremely excited to make this announcement today; it is the culmination of months of scientific work and sensitive client involvement to pull all the details together."

About Terrax, Inc.

Founded in 2000, Terrax is a solutions integrator of image data and hyperspectral imaging to provide real time detection and alert systems for civilian applications. More information can be found at [ http://www.terrax.us/ ].

About Brazilian Mining

Brazilian Mining (BRZM) focuses on evaluating various potential acquisitions. Previously, it engaged in exploring and mining diamond properties in Brazil. Terrax, Inc. is now a fully owned subsidiary of Brazilian Mining Corporation. The company is based in Gardnerville, Nevada.

Forward-Looking Statements: This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," "forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, not guarantees of Brazilian Mining Corporation future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. 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.