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Brilliant Mining Corp.

Publié le 17 juillet 2008

Strong Production Growth Forecast - Lanfranchi Nickel Mine Kambalda District, Western Australia

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Mots clés associés :   Nickel |
Brilliant Mining Corp. Suite 1440, 625 Howe St.
Vancouver BC, V6C 2T6

Toll Free: 1-888-331-2269

BMC: TSX-V

Strong Production Growth Forecast - Lanfranchi Nickel Mine
Kambalda District, Western Australia

Vancouver, B.C. - Brilliant Mining Corp. (BMC: TSX-V) ("Brilliant" or the "Company") today provides a preliminary review of the last twelve months of operation (July 07 to June 08 mine-plan year end) and forecast for the 2008/09 production year at its 25% owned high-grade Lanfranchi Nickel Mine in the world class Kambalda Nickel District of Western Australia. 

Key Point Summary

  • Contained nickel metal production increases 40% in 07/08 over previous year (e)
  • Strong continued production ramp up forecast for 08/09 with projections indicating a further
    62-69% increase in contained nickel metal over the 07/08 production year (e)
  • Proven track record of production growth for three consecutive years

Preliminary 2007/08 Production Update

The Lanfranchi Mine is estimated to report a record 7,300 tonnes (16.1 million lbs) of contained Ni metal for the 2007/08 production year which represents a 40% increase over the 2006/07 production period.  The production ramp up was primarily due to the addition of high-grade Winner ore and the commencement of mining of the Deacon orebody.

Table 1: Annual Production at the Lanfranchi Mine � Historical and Forecast � 100% Gross Production Basis

Ore

Details

Units

2008/09 (f)

2007/08 (e)

2006/07

2005/06

Produced

Ore mined

dmt

440,000 � 460,000

285,600

229,614

107,701

 

Ni grade

%

2.70

2.56

2.27

2.53

 

Ni metal contained

t

11,850 - 12,350

7,300

5,215

2,722

 

 

MLbs

26.1 � 27.2

16.1

11.5

6.0

 

Cu grade

%

0.20

0.21

0.20

0.22

Delivered

Ore delivered

dmt

 

280,700

227,542

107,133

 

Ni grade

%

 

2.54

2.27

2.51

 

Ni metal contained

T

 

7,140

5,168

2,691

 

 

MLbs

 

15.8

11.4

5.9

 

Cu grade

%

 

0.22

0.20

0.22

Key Point Summary and Table 1 Notes:          
25% of the Production is attributable to Brilliant 
(e)  preliminary estimate to be finalized upon reconciliation
(f)  preliminary forecast to be finalized upon detailed scheduling
(dmt) dry metric tonnes (t) tonnes  (MLbs) million pounds

Preliminary 2008/09 Production Forecast

The preliminary production forecast for the Lanfranchi Mine in 2008/09 is expected to be in the range of 11,850-12,350 tonnes (26.1-27.2 million lbs) of Ni metal which represents a potential 62-69% increase over the 2007/08 period.  Brilliant�s attributable share of forecast production is in the range of 2,960-3,090 tonnes (6.5-6.8 million lbs) of Ni metal. Operations at the Lanfranchi mine have demonstrated an impressive track record of delivering on production ramp up as is illustrated in the growth profile below.

Chart 1:     Annual Nickel Metal Production at the Lanfranchi Mine � Historical and Forecast

Chart 1 Notes:  
25% of the contained nickel metal production is attributable to Brilliant
07/08 Estimate = preliminary June 2008 year end production estimate to be finalized upon reconciliation
08/09 Forecast = preliminary June 2008 year end production forecast to be finalized upon detailed scheduling

In 2008/09 exploration activities will be focused on adding to our mineral resource and reserve base by underground drilling of the down plunge extensions at Deacon, Helmut South, Schmitz, and Lanfranchi as well as continuing to drill test on surface the Northern Dome area for massive sulphide mineralization along the interpreted overturned continuation of the known nickel channels.

All production totals in this press release unless otherwise stated are on a 100% gross production basis, for the Lanfranchi Mine of which 25% is attributable to Brilliant; and reported on a June 30 year end to be in alignment with the Operation�s budgetary year.

The project is supervised by John Williamson, PGeol, of Edmonton, Alta. Mr. Williamson is chief executive officer and a director of Brilliant, and is the qualified person as defined by National Instrument 43-101.

On behalf of the Board of Directors

"Mike Sieb"                     
Mike Sieb, B.Sc., MBA
President
Brilliant Mining Corp.

For further information about Brilliant Mining Corp., or this news release, please visit our website at www.brilliantmining.com, or contact:

Mike Sieb 
President
604-646-4525 
mikes@brilliantmining.com
Derek Iwanaka
Manager, Investor Relations 
604-646-4524 
info@brilliantmining.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Certain disclosures in this release, including management's assessment of Brilliant�s plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Brilliant's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Brilliant expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

-

Brilliant Mining Corp.

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Brilliant Mining est une société d’exploration minière de nickel basée au Canada.

Brilliant Mining détient divers projets d'exploration au Canada.

Son principal projet en exploration est MISCHIKAMAU au Canada.

Brilliant Mining est cotée au Canada. Sa capitalisation boursière aujourd'hui est 38,1 millions CA$ (30,9 millions US$, 27,7 millions €).

La valeur de son action a atteint son plus haut niveau récent le 16 janvier 2009 à 0,56 CA$, et son plus bas niveau récent le 19 avril 2013 à 0,03 CA$.

Brilliant Mining possède 149 450 000 actions en circulation.

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