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RECORD NICKEL METAL PRODUCTION FOR SEPTEMBER QUARTER LANFRANCHI NICKEL MINE, KAMBALDA DISTRICT OF WESTERN AUSTRALIA
October 31, 2008

Vancouver, B.C. - Brilliant Mining Corp. (BMC: TSXV) ("Brilliant" or the "Company") today reported record nickel metal production for the September 2008 Quarter from its 25% owned Lanfranchi Nickel Mine, located in the world class Kambalda Nickel District of Western Australia.

Key Point Summary:

  • Record payable Ni production to the Company of 781,500 lbs of Ni metal during the Sept 08 Quarter
  • Total payable Ni of 2.74 million lbs of Ni metal reported to the Company for the fiscal year ending Sept 30, 2008
  • Payable Ni unit costs decrease by 14% over June 30 2008 Quarter
  • Current exchange rate environment has the potential to significantly lower operating cost base in subsequent quarters
  • 3.8 - 4.0 million lbs of payable nickel to Brilliant targeted for July 08 to June 09 operational year

Quarterly Production

During the September 2008 Quarter, production from the Lanfranchi Mine was 81,634t at 2.93% Ni for 2,394 tonnes (5.3 million lbs) Ni contained.  Head-grades improved 18.6% primarily due to a greater contribution of high grade Winner ore resulting in 10% more contained nickel metal tonnes than the previous quarter.

Table 1 – Lanfranchi Mine September 2008 Gross Quarterly Production and Deliveries (1.1)(1.2)

Ore 

Details

Units

3 months ending
30 Sept 2008
 

3 months ending
31 June 2008

 

YTD 

Produced

Ore mined

dmt

81,634

88,335

 

314,864

 

Ni grade

%

2.93

2.47

 

2.73

 

Ni metal contained

t

2,394

2,184

 

8,599

 

 

lbs

5,277,866

4,814,900

 

18,957,500

 

Cu grade

%

0.24

0.21

 

0.22

Delivered

Ore delivered

dmt

80,750

90,151

 

309,478

 

Ni grade

%

2.95

2.49

 

2.74

 

Ni metal contained

t

2,384

2,241

 

8,469

 

 

lbs

5,255,820

4,940,600

 

18,671,400

 

Cu grade

%

0.24

0.21

 

0.22

Notes: (1.1) 25% of the reported ore deliveries or production is attributable to Brilliant Mining Corp.
  (1.2) dmt = dry metric tonnes, t = tonnes, lbs = pounds, YTD = Year to Date (Brilliant Sept 30 Year End)

In conjunction, the Company reported record Payable Nickel quantities of 781,481 lbs of Ni metal from September 2008 Quarterly ore deliveries (Table 2) and a fiscal year-end total of 2.74 million lbs of Ni metal.

Table 2 – Payable Ni Metal to Brilliant from Quarterly Ore Deliveries


Ore 

Details

Units

3 months ending
30 Sept 2008
 

3 months ending
31 June 2008

 

YTD 

Delivered

Ni metal contained

t

355

325

 

1,242

 

 

lbs

781,481

715,752

 

2,737,300

Notes:    (2.1) Payable Nickel is the quantity of nickel, less the loss on nickel metal recoveries and the nickel metal deducted by the customer as the smelting and refining charge, paid to Brilliant at the spot market price of nickel.
  (2.2) t = tonnes, lbs = pounds, YTD = Year to Date (Brilliant Sept 30 Year End)

Payable Nickel Unit Costs at Lanfranchi Nickel Mine

Payable Nickel Unit Costs decreased by 14% due to increased economies of scale and a more favorable exchange rate compared to the June 2008 Quarter.  Mining unit costs in subsequent quarters are projected to decrease due to the combined increase in production from the Winner and Deacon ore bodies with the potential of receiving an additional significant future cost margin benefit if the current highly favorable AUD:USD exchange rate is maintained as is shown in Table 3.

Table 3 – Non-GAAP Lanfranchi Nickel Mine Financial Statistics –Payable Nickel Basis

 Area

 Units

3 months
ended

Sept 30, 2008

3 months
ended

June 30, 2008

3 months
ended

Mar 31, 2008

3 months
ended

Dec 31, 2007

Mining (inc. development)

A$ per lb

3.55

4.08

3.08

4.24

Haulage

A$ per lb

0.16

0.24

0.19

0.22

Administration

A$ per lb

0.39

0.36

0.41

0.38

Royalties

A$ per lb

0.40

0.53

0.58

0.62

Total direct costs

A$ per lb

4.50

5.21

4.26

5.46

Total direct costs

US$ per lb

3.05

3.53

2.89

3.70

Treatment charge

A$ per lb

0.93

1.10

0.93

1.02

Net By-product credits

A$ per lb

(0.21)

(0.24)

(0.18)

(0.21)

Payable cash costs

A$ per lb

5.22

6.07

5.01

6.27

Payable cash costs

US$ per lb

3.54

4.11

3.40

4.25

Notes: (3.1) The above table summarizes unit costs from operations at the Lanfranchi Mine on a payable nickel basis (total nickel metal produced less the loss on nickel metal recoveries and the nickel metal deducted by the customer as the smelting and refining charge).
   (3.2)  Unit costs are quoted in Australian dollars providing a consistent and comparable basis across the periods regardless of FX rate fluctuations.
  (3.3)  Unit costs have been converted to US dollars at the current AUD:USD exchange rate of 0.68 (as at Oct. 30, 2008) in order to provide a representation of the historical base unit costs projected onto current market conditions.
  (3.4) Unit costs are presented as reported by the manager of the Lanfranchi Joint Venture. Complete financial disclosure will be reported in the Company´s Annual Financial Statements and accompanying MD&A; and may differ as presented herein.  

Production OutlookThe Lanfranchi Mines targeted production for the 08/09 production year (July 08 – June 09 mine schedule and budget year) is 450,000 tonnes of ore and translates into 3.8-4.0 million pounds of payable nickel metal to Brilliant representing a projected 60% increase compared to the previous operational 12 month period.

Figure 1: Historic and Targeted Ni Metal Production from the Lanfranchi Mine Payable to Brilliant Mining

The project is supervised by John Williamson, P.Geol., of Edmonton, Alberta. Mr. Williamson is CEO and a Director of Brilliant, and is the qualified person as defined by National Instrument 43-101.

About Brilliant Mining Corp.

Brilliant Mining Corp. is focused on the production, development and exploration of nickel opportunities world wide. The Company currently has a 25% interest in the producing Lanfranchi Nickel Mine in Western Australia and has a the Michikamau Ni-Cu-PGM exploration project in central Labrador Canada. 

On behalf of the Board of Directors

"Mike Sieb"
Mike Sieb, B.Sc., MBA
President
Brilliant Mining Corp.

For further information about Brilliant Mining Corp., or this news release, please visit our website at www.brilliantmining.com, or contact:

Mike Sieb
President  
604-646-4525 
mikes@brilliantmining.com 
Derek Iwanaka
Investor Relations
604-646-4524
info@brilliantmining.com    

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Certain disclosures in this release, including management's assessment of Brilliant´s plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Brilliant's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Brilliant expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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