Ms. Courtenay Wolfe reports

BRILLIANT PROVIDES UPDATE ON AGREEMENT WITH GOVERNMENT OF EQUATORIAL GUINEA

Ivory Resources Inc., a wholly owned subsidiary of Brilliant Resources Inc., has received numerous inquiries from stakeholders regarding the timing of the first instalment payment of $11.5-million (U.S.) owed to it by the government of the Republic of Equatorial Guinea under the terms of the agreement reached with the government that was announced on Jan. 22, 2015.

As disclosed on Jan. 22, 2015, under the terms of the agreement reached between Ivory and the government, the government agreed to pay Ivory $31.5-million (U.S.) in cash in three instalments. The first instalment was due seven days after the signing of the agreement, the second instalment of $10-million (U.S.) is payable in a further 30 days and the final instalment of $10-million (U.S.) is payable within 30 days thereafter. Based on discussions with representatives of the government, the company understands that the first instalment will be received shortly. The company understands that the delay is due to logistical issues. The company has been assured that the government will make all required payments and comply fully with the terms of the agreement. The company will not provide any further updates on this matter until it receives the first instalment or as required by applicable law.

We seek Safe Harbor.