BRAZAURO RESOURCES CORPORATION
16360 Park Ten Place, Suite 217
Houston, TX 77084

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Item 1

Name and Address of Company

Item 2

Date of Material Change

Item 3

News Release

Issued January 13, 2010 and distributed through the facilities of Business Wire.

Item 4

Summary of Material Change

The Company announced that it has signed an option agreement with a private individual to acquire a 7,404 hectare area adjacent to the Piranhas property in the Tapajós Mineral Province, northern Brazil.

Item 5

Full Description of Material Change

5.1

Full Description of Material Change

5.2

Disclosure for Restructuring Transactions

Item 6

Reliance on subsection 7.1(2) or (3) of National Instrument 51-102

Item 7

Omitted Information

No information has been omitted on the basis that it is confidential information.

Item 8

Executive Officer

Contact:

Mark E. Jones III, Chairman and CEO

Telephone:

(281) 579-3400

Item 9

Date of Report

January 13, 2010

TSXV: BZO

Brazauro to Acquire Additional Land Proximal To The Piranhas Property - Tapajós, Brazil

Houston, Texas - Brazauro Resources Corporation (the Company) has signed an option agreement with a private individual to acquire a 7,404 hectare area adjacent to the Piranhas property in the Tapajós Mineral Province, northern Brazil. This area consists of 149 applications of garimpo licenses, which have been requested to be converted into a single exploration license at the Brazilian mining regulatory agency, the Departamento Nacional da Produção Mineral (DNPM).

This new area is situated between two parcels already under option to Brazauro and further consolidates its land position at the Piranhas property now consisting of a total land package of 34,533 contiguous hectares. The Piranhas lands are situated 20 kilometers southwest of the Company’s Tocantinzinho gold deposit.

The Piranhas property is a well-known and historic garimpo that has been active for the last 40 years. The unofficial artisanal gold production from near surface has been reported as more than 836,000 ounces of gold, all produced by primitive methods. The near surface mineralization has been mined out and Brazauro will focus on the source of this surface mineralization in the vicinity as well as at depth.

Elton Pereira, Brazauro’s Vice President of Exploration commented, “Pirhanas is an important exploration target for Brazauro and the addition of this land enables us to more effectively evaluate the mineral potential of this growing District.”

Commercial terms for the option agreement consist of scaled payments totalling BR$2,500,000 over a three year period, The final payment of BR$1,825,000 is due on the third anniversary of signing the agreement. A Net Smelter Return Royalty of 0.5% is payable to the property owner, which can be purchased by Brazauro for BR$3,000,000. Brazauro has also committed to minimum expenditures of BR$300,000, BR$500,000 and BR$750,000 over each of the first three years, respectively.

Mark E. Jones III

Chairman, CEO Brazauro Resources Corporation

Brazauro Resources

Mark E. Jones, III, Chairman

Ph. 281-579-3400

info@brazauroresources.com

www.brazauroresources.com

Neither 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. No stock exchange, securities commission or other

regulatory authority has approved or disapproved the information contained herein. Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation which are not historical facts and are made pursuant to the “safe harbour” provisions under the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the Company’s reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties and other factors that could cause the Company’s plans to change include changes in demand for and price of gold and other commodities (such as fuel and electricity) and currencies; changes or disruptions in the securities markets; legislative, political or economic developments in Brazil; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of the company’s projects; risks of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining or development activities; the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves and resources; and the risks involved in the exploration, development and mining business. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.