Belo Sun Mining Corp. announce that it has successfully concluded discussions with Instituto Nacional de Colonização e Reforma Agrária - National Institute of Colonization and Agrarian Reform (“INCRA”) on the land overlap at its Volta Grande Gold Project and has signed a definitive agreement for the use of the land during the mining operations of the Volta Grande Gold Project. Belo Sun and INCRA entered into a use of land concession agreement that resolves a land overlap between a small portion of INCRA designated land and an area of land covered by Belo Sun mining concessions that will be affected by the mining operations of the Volta Grande Gold Project. Under the agreement, INCRA will provide Belo Sun access to the INCRA designated land for mining activities for 20 years once the mining license for the Volta Grande Gold Project is granted with the ability to extend the term beyond the initial 20 years. Belo Sun will provide ongoing program support during the operation of the mine including, among other commitments, assistance to small local landholders with the proper registration of their land, assisting the municipality with road and bridge maintenance, a transfer of land outside the project area to INCRA and the purchase of certain equipment to assist the local INCRA office in its activities. The agreement has been officially published in the Brazil Federal Gazette - Diário Oficial da União (Official Gazette of the Union).