BRAZAURO RESOURCES CORPORATION

Brazauro Resource announced that it has completed its recently announced private placement to raise gross proceeds of $4,978,804.35. The Company issued 7,659,699 units at price of $0.65 per unit, of which 5,939,746 Units were sold pursuant to a brokered portion of the private placement and 1,719,953 Units were sold pursuant to a non-brokered portion of the private placement. Each Unit is comprised of one common share and one-half of a common share purchase warrant and each whole warrant entitles the holder thereof to purchase an additional common share of the Company at a price of $1.00 per share until May 3, 2011.