Amazon Mining Holding Plc
TSX VENTURE : AMZ

Amazon Mining Holding Plc

December 09, 2009 17:09 ET

Amazon Mining Retains Dr. Gaspar Korndorfer as Agronomy Consultant

Agreement with Agrifirma

TORONTO, ONTARIO--(Marketwire - Dec. 9, 2009) - Amazon Mining Holding Plc (TSX VENTURE:AMZ)("Amazon" or the "Company"), is pleased to announce that the Company has retained Dr. Gaspar Korndorfer to conduct conceptual studies on the benefits of Amazon's proposed ThermoPotash product. Dr. Korndorfer is a leading agronomist and brings a wealth of knowledge in Brazilian crops and soils, and experience in developing new fertilizers. Dr. Korndorfer will assist Amazon in developing a highly effective potash fertilizer from the Cerrado Verde project.

Cerrado Verde is a source of potash rich rock from which Amazon plans to produce a slow-release, non-chloride, multi-nutrient, fertilizer product.

Dr. Gaspar Korndorfer is currently a Professor of Agriculture at the Universidade Fedederal de Uberlandia. He has a Post-Doctorate from University of Florida, US, and has earned his Doctorate on Soils and Plant Nutrition from ESALQ of the Universidade de Sao Paulo, Brazil. His past research includes ground breaking work on the use of biologically available silica in the plantation of sugarcane, demonstrating silica's role in protecting crops from pests and enhancing crop resistance to drought; and "Opportunities for Potassium Fertilizer in Brazil", a work commissioned by Amazon Mining aimed at identifying the potential advantages of ThermoPotash in Brazilian soils.

Conceptual studies and initial agronomic simulations carried out by Dr. Korndorfer are being used to define technical parameters for the planning of Amazon's metallurgical test work, which is being performed by Phoster Tecnologia de Aglomeracoes (Phoster). He will also conduct laboratory scale tests on the application of ThermoPotash and oversee field tests conducted by ArcelorMittal, Agrifirma and other development partners.

Further to the news release dated November 24, 2009, the Company wishes to clarify that Agrifirma's cooperation will be confined to field agronomic tests. Agrifirma is thus only meeting its own costs incurred in applying ThermoPotash to soybeans and corn crops on designated test plots, and data collection and analysis will using its own field and technical staff.

Commenting President & CEO Cristiano Veloso, "We are pleased to add Professor Gaspar's expertise to our team, he will be an important part of our upcoming lab and field agronomic trials. Our development partner agreements provide an opportunity to market our ThermoPotash product to important potential customers as well as collect vital information about how our product can be applied in real world conditions. We now have agreements that will provide information on ThermoPotash use for sugarcane via EMBRAPA (See news release August 4, 2009), eucalyptus via ArcelorMittal (See news release September 23, 2009), and soybeans and corn via Agrifirma (See news release November 24, 2009). These crops represent 71% of Brazil's planted crops by land area. We hope to add agreements for other important crops, but we are pleased with our start."

About Amazon

Amazon Mining is a mineral exploration and development company founded by Brazilians in 2005. The company is focused on the development of Cerrado Verde project. Cerrado Verde is source of a potash rich rock from which Amazon plans to produce a slow-release, non-chloride, multi-nutrient, fertilizer product. Amazon Mining is a UK public company with shares listed on the TSX Venture Exchange since November 2007.

On behalf of the Board of Directors of Amazon Mining Holding Plc, Jed Richardson, Vice President of Corporate Development

Cautionary Language and Forward Looking Statements

THIS PRESS RELEASE CONTAINS CERTAIN "FORWARD LOOKING STATEMENTS", WHICH INCLUDE BUT IS NOT LIMITED TO, STATEMENTS WITH RESPECT TO THE FUTURE FINANCIAL OR OPERATING PERFORMANCE OF THE COMPANY, ITS SUBSIDIARIES AND ITS PROJECTS, STATEMENTS REGARDING USE OF PROCEEDS, EXPLORATION PROSPECTS, IDENTIFICATION OF MINERAL RESERVES, COSTS OF AND CAPITAL FOR EXPLORATION PROJECTS, EXPLORATION EXPENDITURES, TIMING OF FUTURE EXPLORATION AND PERMITTING, REQUIREMENTS FOR ADDITIONAL CAPITAL, GOVERNMENT REGULATIONS OF MINING OPERATIONS, ENVIRONMENTAL RISKS, RECLAMATION EXPENSES, TITLE DISPUTES OR CLAIMS, AND LIMITATIONS OF INSURANCE COVERAGE. FORWARD LOOKING STATEMENTS CAN GENERALLY BE IDENTIFIED BY THE USE OF WORDS SUCH AS "PLANS", "EXPECTS", OR "DOES NOT EXPECT" OR "IS EXPECTED", "ANTICIPATES" OR "DOES NOT ANTICIPATE", OR "BELIEVES", "INTENDS", "FORECASTS", "BUDGET", "SCHEDULED", "ESTIMATES" OR VARIATIONS OF SUCH WORDS OR PHRASES OR STATE THAT CERTAIN ACTIONS, EVENT, OR RESULTS "MAY", "COULD", "WOULD", "MIGHT", OR "WILL BE TAKEN", "OCCUR" OR "BE ACHIEVED". FORWARD LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS WHICH MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SAID STATEMENTS. THERE CAN BE NO ASSURANCES THAT FORWARD-LOOKING STATEMENTS WILL PROVE TO BE ACCURATE, AS ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SAID STATEMENTS. ACCORDINGLY, READERS SHOULD NOT PLACE UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS.

The potential grades detailed in this release are conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the targets being delineated as a mineral resource.

Readers are cautioned not to rely solely on the summary of such information contained in this release and are directed to the complete set of drill results posted on Amazon's website (www.amazonplc.com) and filed on SEDAR (www.sedar.com) and any future amendments to such. Readers are also directed to the cautionary notices and disclaimers contained herein.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Amazon Mining Holding PLC
    Cristiano Veloso
    President & Chief Executive Officer
    +44 (0) 20 8133 7607
    +44(0)20 7405 7773 (FAX)
    cv@amazonplc.com
    or
    Amazon Mining Holding PLC
    Jed Richardson
    VP Corporate Development
    +1(416)866-2966
    +1(416)866-8829 (FAX)
    jed@amazonplc.com
    www.amazonplc.com