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  Brilliant Announces Change of ManagementApril 20, 2009 Vancouver, B.C. - Brilliant Mining Corp. (BMC:TSX-V) ("Brilliant" or the "Corporation") announced today that Mr. Mike Sieb has resigned as President of the Corporation and John Williamson has been appointed interim President. Brilliant Chairman, John Robins commented, "On behalf of the Board of Directors, I offer my sincere thanks to Mike for his past three years of valuable service. We wish him the best of luck with his future endeavors."
About Brilliant Mining In late February 2009, Brilliant announced the sale of its fully owned subsidiary Donegal Resources Pty Ltd. ("Donegal"), which indirectly holds Brilliantīs 25% interest in the nickel producing Lanfranchi Mine, to Australian-based Panoramic Resources Ltd. (See press release dated February 26, 2009.) A special shareholdersī meeting will be held to vote on this transaction on Tuesday, May 19, 2009, at 11:00 am (MDT). In addition, shareholders will be asked to vote on a special resolution to affect a court-approved plan of arrangement to distribute 12,000,000 ordinary shares of Panoramic (the "Panoramic Shares"), to be received by Brilliant as partial consideration for the sale of Donegal, on a pro-rata basis to the shareholders of Brilliant, and to affect a 2-to-1 share consolidation of Brilliantīs common shares. Provided the necessary shareholder approvals are obtained, the effective date for beneficial distribution of the Panoramic Shares to the shareholders of Brilliant, and the share consolidation, will be the date of filing the articles of arrangement with the Registrar of Corporations for Alberta which is expected to occur on or about May 27, 2009. The Panoramic Shares will be subject to escrow conditions for a period of six months subsequent to the closing of the sale of Donegal during which time the Panoramic Shares will be held in trust by Brilliant. For more details on this transaction or to download the Information Circular, please visit www.sedar.com. Upon successful closing of this transaction, the Corporation will be debt free and have approximately $5 million in the treasury. The Corporation is currently seeking new business opportunities in the resource sector. On behalf of the Board of Directors
Brilliant Mining Corp. is a member of the Discovery Group of Companies, for more information on the group visit www.discoveryexp.com. For further information about Brilliant Mining Corp., or this news release, please visit our website at www.brilliantmining.com, or contact: Derek Iwanaka Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. |
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