BRILLIANT MINING CORP. ANNOUNCES CLOSING OF $2,065,000 BROKERED PRIVATE PLACEMENT
February 17, 2006

Vancouver, B.C. – Brilliant Mining Corp. (BMC:TSXV) is pleased to announce that it has closed a brokered private placement of an aggregate of 6,400,000 units ("Units"), consisting of 3,500,000 non-flow through units ("Non-FT Units") and 2,900,000 flow-through units ("FT Units") for gross proceeds of $2,065,000.

The proceeds from the flow-through component of the Financing will be primarily dedicated to Brilliant´s Western Labrador Projects including $750,000 approved for the Michikamau Ni-Cu-PGE project where eight high-priority EM targets were delineated in 2005.  The 2006 Exploration Program on the Michikamau Project will entail approximately 275 line kilometres of detailed airborne geophysics culminating in a 1000 meter drill program planned for August.

Each Non-FT Unit was sold at a price of $0.30 and consisted of one common share of Brilliant ("Common Share") and one non-transferable share purchase warrant ("Non-FT Unit Warrant") entitling the holder to acquire one additional Common Share at a price of $0.40 per Common Share.  Each FT Unit was sold at a price of $0.35 and consisted of one Common Share issued as a "flow-through" share pursuant to the Income Tax Act (Canada) and one non-transferable share purchase warrant ("FT Unit Warrant") entitling the holder to acquire one additional Common Share at a price of $0.45 per Common Share.  The Non-FT Unit Warrants and the FT Unit Warrants (collectively the "Warrants") may be exercised at anytime within two years of issuance, provided that if at anytime after June 17, 2006, the weighted average trading price of the Common Shares on the TSX Venture Exchange exceeds $1.00 for a period of 10 consecutive days, Brilliant may, within 30 days of such occurrence, give written notice to the holders of Warrants that the Warrants shall expire on the 30th day following such notice, unless exercised prior to that date.

The Units were sold to qualified purchasers in reliance upon exemptions from the registration and prospectus requirements of applicable securities legislation.  The proceeds from the sale of the FT Units will be used to incur expenditures on the Corporation´s properties which qualify as Canadian Exploration Expenses.

Pacific International Securities Inc. (the "Agent") acted as agent and received 8% of the gross proceeds of the Offering, which was paid by the issuance of an aggregate of 550,666 Non-FT Units at a deemed price of $0.30 per Unit.  The Agent also received non-transferable compensation warrants ("Agent´s Warrants") which entitle it to acquire up to 512,000  Common Shares at an exercise price of $0.40 per Common Share within two years of issuance, subject to adjustment as to the time within which the Agent´s Warrants may be exercised on the same basis as set forth above for Warrants.  The Corporation also paid the Agent a corporate finance fee of $20,000, issued to the Agent 50,000 Non-FT Units at a deemed price of $0.30 per Unit and paid the Agent´s reasonable costs and expenses related to the offering.

The Common Shares and Warrants comprising the Units, including those issued to the Agent in payment of the Agent´s cash commission and corporate finance fee, the Common Shares issuable upon exercise of the Warrants and upon exercise of the Agent´s Warrants will be subject to a restricted period expiring on June 18, 2006.

Brilliant Mining Corporation (BMC:TSXV) is focused on the identification, exploration, and development of nickel opportunities world wide.  Brilliant currently has 3 active nickel projects in Canada including the Michikamau property in western Labrador.

On behalf of the Board of Directors

"Mike Sieb"                                          

Mike Sieb, B.Sc., MBA
President
Brilliant Mining Corporation

For further information about Brilliant Mining Corporation, or this news release, please visit our website at www.brilliantmining.com, or call Mike Sieb, President, at 604.331.2263.

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

This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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.