Freepoint Commodities Agrees to Invest in Brazahav's Brazilian Gold Mine

   Freepoint Commodities Agrees to Invest in Brazahav's Brazilian Gold Mine

PR Newswire

STAMFORD, Conn., Jan. 2, 2013

STAMFORD, Conn., Jan. 2, 2013 /PRNewswire/ --Freepoint Commodities LLC,
through its subsidiary Freepoint Metals & Concentrates LLC, has announced that
it closed a structured debt finance transaction with Brazahav Resources, Inc.
to fund the development and expansion of Brazahav's recently acquired Salinas
Gold Mine, located near Pocone, Mato Grosso, Brazil. In conjunction with the
financing, Freepoint Metals & Concentrates agreed to purchase 100 percent of
the offtake of gold and silver derived from the Salinas mine. This is the
first investment made by Freepoint Metals & Concentrates in the metals sector
since being acquired by Freepoint Commodities in June 2012 from JPMorgan Chase
& Co.

"The Cuiaba-Pocone mining belt has a long history of gold production and this
transaction demonstrates that Freepoint can deliver physical merchant
solutions that will provide opportunities to expand and modernize gold
production in the area," said David A. Messer, CEO of Freepoint Commodities.
"By providing both finance and offtake services, we are able to assist
Brazahav in achieving its growth plan and add diversification to our metals
trading platform."

"This is a new era for the Salinas Gold Mine and the Cuiaba-Pocone mining belt
as Brazahav introduces the latest production and exploration technologies to
this historic gold mining province," said Eric T. Allison, COO of Brazahav
Resources, Inc.He added, "With this financing, Brazahav is well positioned to
fast track its programs utilizing the extensive infrastructure and services
currently in place, the superior knowledge of its local management and
technical staff, and the expertise of global consulting firms such as SRK."

Casimir Capital L.P. acted as exclusive investment banker to Brazahav
Resources, Inc.

Dean Street Capital Advisors acted as financial advisor to Freepoint Metals &

Stikeman Elliott LLP, PinheiroNeto Advogados and Conyers Dill & Pearman acted
as legal advisors to Freepoint Metals & Concentrates.

Ellenoff Grossman & Schole LLP, Machado De Campos, Pizzo E Barreto Advogados,
FFA Legal, Gregory T. Chu and Hunte & Co. acted as legal advisors to Brazahav
Resources, Inc.

About Freepoint Commodities LLC and Freepoint Metal & Concentrates LLC

Freepoint Metals & Concentrates LLC is a subsidiary of Freepoint Commodities
LLC, which was founded by former Sempra Energy Trading executives. Freepoint
Commodities LLC is based in Stamford, CT and launched multiple platforms in
the energy and metals markets starting in March 2011. Management and private
equity funds managed by Stone Point Capital have provided the initial equity
capital for Freepoint Commodities LLC and its subsidiaries, including
Freepoint Metals & Concentrates LLC, which is also based in Stamford, CT.

About Brazahav Resources, Inc.

Brazahav Resources, Inc. was organized in Canada in July 2011 to globally
identify, acquire and develop gold and other mineral projects with an emphasis
on Brazil. In November 2012, Brazahav acquired the Salinas Gold Mine, located
approximately 25 km outside the town of Pocone in the state of Mato Grosso,
Brazil. Brazahav's experienced management and technical team is rapidly
advancing the project through improved and expanded production capabilities
and detailed resource definition.

Michael Boonshoft

SOURCE Freepoint Commodities LLC
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