Brilliant Announces Closing Of CDN $600,000 Brokered Private Placement

Brilliant Mining Corp. (the "Corporation") announces that it has closed the brokered private placement of 4,000,000 units ("Units") at a price of CDN $0.15 per Unit for gross proceeds of CDN $600,000. Of the Units sold, 2,000,000 Units consisted of one common share of the Corporation ("Common Share") and one non-transferable share purchase warrant ("Warrant") and the remaining 2,000,000 Units ("FT Units") consisted of one Common Share issued as a "flow through share" pursuant to the Income Tax Act (Canada) and one-half of a Warrant. Each whole Warrant entitle s the holder to acquire one additional Common Share for a period of two years from closing at an exercise price of CDN $0.25 per Common Share.

The Units were sold to qualified purchasers in British Columbia, Alberta and outside Canada in reliance upon exemptions from the prospectus requirements of such jurisdictions. Insiders of the Corporation purchased an aggregate of 633,000 Units. The proceeds from the offering of the FT Units will be used to incur expenditures on the Corporation's properties which qualify as Canadian Exploration Expenses.

Pacific International Securities Inc. (the "Agent") acted as agent and received a commission of CDN $49,980, which was paid by CDN $16,290 cash and the issuance of an aggregate of 224,600 Units at a deemed price of CDN $0.15 per Unit. The Agent also received non-transferable compensation warrants ("Agent's Warrants") which entitle it to acquire up to 333,200 Common Shares at an exercise price of CDN $0.20 per Common Share within two years of closing. No commission was paid to the Agent in connection with Units sold to Insiders of the Corporation. The Corporation also paid the Agent a corporate finance fee of CDN $20,000 and the Agent's reasonable costs and expenses related to the offering.

The Common Shares and Warrants comprising the Units, including those issued to the Agent in partial payment of the Agent's commission, the Common Shares issuable upon exercise of the Warrants and upon exercise of the Agent's Warrants will be subject to a restricted period expiring on October 18, 2005.

For more information, please contact:

Sean Mager, President and CEO at (780) 437-6624 ext.234

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

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