Brilliant Mining Corp.: Distribution of Panoramic Shares Pursuant to Plan of Arrangement

  Brilliant Mining Corp. (TSX VENTURE: BLT) (the "Company" or "Brilliant") is pleased to advise shareholders of record as at May 29, 2009 (the "Shareholders") that the six month escrow period imposed on the ordinary shares in Panoramic Resources Ltd. ("Panoramic") that were issued to Brilliant as part-consideration for the acquisition by Panoramic of Brilliant's interest in the Lanfranchi Nickel Mine in Western Australia, has elapsed effective November 26, 2009. As such, these shares are now available for transfer in accordance with the Plan of Arrangement involving Brilliant and its shareholders (the "Arrangement").

Subsequent to expiry of the escrow period, Computershare Investor Services Pty Ltd. ("Computershare"), which maintains Panoramic's share register as agent of Panoramic, has advised Brilliant that each eligible Shareholder and Clearing and Depository Services Inc. ("CDS") or Depository Trust & Clearing Corporation ("DTC") participant must submit an original executed transfer form to Computershare in order for the Panoramic shares to be transferred from Brilliant and registered into their name. Shareholders that held their Common Shares in a brokerage account as at the Effective Date are not required to execute such a transfer form as this will be done by the broker on their behalf.

Transfer forms have been prepared by Brilliant with Shareholder registration information as it appears on the Company's share register or as provided by CDS or DTC; the number of shares of Panoramic distributed to the Shareholder under the Arrangement; as well as other pertinent information required to effect the transfer. These forms are being mailed out to each eligible Shareholder and CDS or DTC participant with instructions for execution and submission for processing.

Once Computershare has received and processed the original signed documents, they shall send, by post, to the address appearing on the share transfer form, a notice indicating the assigned Shareholder Reference Number and other pertinent information.

Shareholders should note that Computershare has advised Brilliant that it will be unable to provide Brilliant with any information concerning the holdings of the transferees once the transfers have been completed; as such Brilliant will be unable to provide Shareholder Reference Numbers or any other information concerning shareholdings in Panoramic once the transfer has been complete.

Background

As previously disclosed in news releases and a letter from Olympia Trust Company to shareholders dated October 8, 2009, under the Arrangement Brilliant distributed an aggregate of 12,000,000 ordinary shares of Panoramic to holders of Class "A" common shares of Brilliant ("Common Shares") on the basis of 0.1639042 Panoramic shares for each pre-consolidated Common Share held at the close of trading on Friday, May 29, 2009 (the "Effective Date"). Shareholders became beneficial owners of the Panoramic shares as at May 29, 2009, however legal title to the Panoramic shares remained in the name of Brilliant due to the escrow requirement, which has now expired.

Since the Effective Date, the Shareholders have realized a dividend from Panoramic of AU$0.02 per share of Panoramic, which was distributed by the Company's transfer agent on October 8, 2009 to the Shareholders. Information about the plans and performance of Panoramic can be found at their website at www.panoramicresources.com.

About Brilliant Mining Corp.

Brilliant Mining Corp. is a two-time TSX-Venture Top 50 award winning resource company in search of undervalued resource opportunities. Brilliant's internationally experienced technical team and Board of Directors aim to leverage their broad range of expertise to acquire and develop high quality, advanced stage mineral projects.

On behalf of the Board of Directors

John Williamson, P. Geol., CEO, President & Director

Brilliant Mining Corp.

Brilliant Mining Corp. is a member of the Discovery Group of Companies, for more information on the group visit www.discoveryexp.com.

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.

Contacts: Brilliant Mining Corp. Derek Iwanaka Manager, Investor Relations Toll Free: 1-888-331-2269 or 604-646-4524 [e-mail] www.brilliantmining.com