BBR Brett Resources

Brett Resources Inc. ("Brett") (TSX VENTURE:BBR)(FRANKFURT:A4N) and Osisko
Mining Corporation ("Osisko") (TSX:OSK)(FRANKFURT:EWX) are pleased to announce
that they have commenced the necessary steps to allow Osisko to acquire all of
the remaining common shares of Brett that it does not currently hold. In order
for Brett to become a wholly-owned subsidiary of Osisko, the two companies have
entered into an arrangement agreement pursuant to which they intend to complete
a business combination by way of a statutory plan of arrangement (the
"Arrangement") under the Business Corporations Act (British Columbia).


Osisko currently owns a total of 88,294,547 common shares of Brett ("Brett
Shares"), representing approximately 77.2% of the issued and outstanding Brett
Shares, which were acquired under its offer for all of the issued and
outstanding Brett Shares dated April 13, 2010 (the "Offer"). The proposed
Arrangement constitutes the subsequent acquisition transaction, as contemplated
under the Offer, by which Osisko intends to acquire all of the remaining Brett
Shares not already owned by Osisko.


The proposed Arrangement is expected to be completed in August 2010, and is
subject to certain conditions including receipt of all necessary court,
shareholder and regulatory approvals, including approval of the TSX Venture
Exchange. A special meeting of shareholders of Brett (the "Meeting") has been
called on August 11, 2010 to approve the Arrangement. The record date for
determining the Brett shareholders entitled to receive notice of and vote at the
Meeting was July 9, 2010. At least 66 2/3% of the votes cast by Brett
shareholders at the Meeting must be in favour of the Arrangement to approve the
Arrangement. As a result of the number of Brett Shares that Osisko acquired
under the Offer, Osisko holds a sufficient number of Brett Shares to pass all
necessary shareholder resolutions to approve the Arrangement.


Under the terms of the Arrangement, each Brett shareholder will receive 0.34
Osisko common shares and $0.0001 in cash for each Brett Share held (the
"Exchange Ratio"). The Exchange Ratio is the same consideration that Osisko
offered and paid under the Offer. Upon completion of the Arrangement,
outstanding Brett options and warrants will be exchanged and adjusted for a
corresponding number of options and warrants to acquire Osisko common shares in
accordance with the terms of the Offer. 


About Osisko

Osisko Mining Corporation is currently developing the Canadian Malartic gold
deposit and evaluating adjacent areas for a large-scale open pit, bulk-tonnage
mining operation. The Canadian Malartic deposit currently represents one of the
biggest gold reserves in Canada for a single deposit, and is still growing
through ongoing drilling on new mineralized zones. Current reserves for the
Canadian Malartic property (including the adjacent South Barnat deposit) are
8.97 million ounces(28.4 Mt @ 0.92 g/t Au & 217.4 Mt @ 1.16 g/t Au), plus a
global measureyd and indicated resource of 2.23 million ounces (70.4 Mt @ 0.99
g/t Au) and an inferred resource of 0.47 million ounces (20.0 Mt @ 0.73 g/t Au).


About Brett Resources Inc. 

Brett Resources Inc. is a Canadian minerals exploration company whose primary
mandate is the discovery, acquisition, and development of precious metals
systems, with particular expertise in Canada and Latin America. Since 2006
Brett's primary focus has been the 100 percent owned Hammond Reef Gold Deposit
in Ontario where an inferred resource of 6.70 million ounces of gold, 259.4
million tonnes at a grade of 0.8 grams per tonne utilizing a 0.3 gram per tonne
gold cut-off has been outlined. 


Sean Roosen, President & CEO

Forward Looking Statements

Certain statements contained in this press release may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical fact, that address events or developments that the
Corporation expects to occur, are forward looking statements. Forward looking
statements are statements that are not historical facts and are generally, but
not always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential", "scheduled" and
similar expressions, or that events or conditions "will", "would", "may",
"could" or "should" occur. Although the Corporation believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, including, without limitation that all technical, economical and
financial conditions will be met in order to put the Canadian Malartic Project
into commercial production or that Osisko will complete the acquisition of all
of the outstanding shares of Brett Resources Inc., such statements are not
guarantees of future performance and actual results may differ materially from
those in forward looking statements. Factors that could cause the actual results
to differ materially from those in forward-looking statements include gold
prices, access to skilled consultants, mining development and mill production
personnel, results of exploration and development activities, the Corporation's
limited experience with production and development stage mining operations,
uninsured risks, regulatory changes, defects in title, availability of
personnel, materials and equipment, timeliness of government approvals, actual
performance of facilities, equipment and processes relative to specifications
and expectations, unanticipated environmental impacts on operations market
prices, continued availability of capital and financing and general economic,
market or business conditions. These factors are discussed in greater detail in
the Corporation's most recent Annual Information Form filed on SEDAR, which also
provides additional general assumptions in connection with these statements. The
Corporation cautions that the foregoing list of important factors is not
exhaustive. Investors and others who base themselves on the Corporation's
forward-looking statements should carefully consider the above factors as well
as the uncertainties they represent and the risk they entail. The Corporation
believes that the expectations reflected in those forward-looking statements are
reasonable, but no assurance can be given that these expectations will prove to
be correct and such forward-looking statements included in this press release
should not be unduly relied upon. These statements speak only as of the date of
this press release.

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