BrazAlta Resources Announces Secured Debenture Financing

BrazAlta Resources Corp. ("BrazAlta" or the "Corporation") (TSX VENTURE:BRX) is
pleased to announce that it has secured a financing (the "Financing") of a
secured debenture ("Secured Debenture") in the amount of $500,000. The Secured
Debenture will bear an interest rate of 15% per annum and are secured by a
security interest in a remaining drilling rig owned by BrazAlta after the sale
of its BCH Ltd subsidiary on December 31, 2008. The Corporation is currently
seeking to dispose of this drilling rig. The Secured Debenture is payable by
BrazAlta at the earlier of (i) 180 days or (ii) the day proceeds from the sale
of the rig is received by the Corporation. The Corporation will use proceeds
from the Secured Debenture for continuing working capital purposes and may enter
into additional secured debentures on substantially similar terms as the Secured
Debenture for up to an additional aggregate amount of $1,000,000. As part of the
Financing, the Corporation will pay a 7% cash commission to an individual who is
an arm's-length party to the Corporation for his part in introducing lenders to
the Corporation. Completion of the Financing will be subject to acceptance by
the appropriate regulatory authorities.


BrazAlta is a Canadian based international oil and gas corporation with
operations in Colombia, Brazil, Guyana, Northern Ireland and Canada. BrazAlta is
publicly traded on TSX Venture Exchange (TSX VENTURE:BRX). The Corporation's
public filings may be found at www.sedar.com.


This press release may contain statements within the meaning of safe harbour
provisions as defined under Securities Laws and Regulations. The above
statements are based on the current expectations and beliefs of BrazAlta's
management and are subject to a number of risks and uncertainties that may cause
the actual results to differ materially from those described above. BrazAlta
does not undertake any responsibility with regard to the accuracy of this press
release nor the obligation to update the abovementioned information.


This press release contains certain forward-looking statements within the
meaning of applicable securities law. Forward-looking statements are frequently
characterized by words such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate" and other similar words, or statements that certain
events or conditions "may" or "will" occur. Forward-looking statements are based
on the opinions and estimates of management at the date the statements are made
and are subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from those projected
in the forward-looking statements. The Corporation cannot assure that actual
results will be consistent with these forward looking statements. They are made
as of the date hereof and are subject to change and the Corporation assumes no
obligation to revise or update them to reflect new circumstances, except as
required by law. Prospective investors should not place undue reliance on
forward looking statements. These factors include the inherent risks involved in
the exploration for and development of crude oil and natural gas properties, the
uncertainties involved in interpreting drilling results and other geological and
geophysical data, fluctuating energy prices, the possibility of cost overruns or
unanticipated costs or delays and other uncertainties associated with the oil
and gas industry. Other risk factors could include risks associated with
negotiating with foreign governments as well as country risk associated with
conducting international activities, and other factors, many of which are beyond
the control of the Corporation. A barrel of oil equivalent (boe) is derived by
converting gas to oil in the ratio of six thousand cubic feet of gas to oil and
may be misleading, particularly if used in isolation. A boe conversion is based
on an energy equivalency conversion method primarily applicable at the burner
tip and does not represent a value equivalency at the wellhead, especially in
various international jurisdictions.