Amazon Mining Holding Plc
TSX VENTURE : AMZ

Amazon Mining Holding Plc

July 27, 2009 09:43 ET

Amazon to Produce ThermoPotash Sample

Jed Richardson appointed to Board of Directors

TORONTO, ONTARIO--(Marketwire - July 27, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Amazon Mining Holding Plc (TSX VENTURE:AMZ)("Amazon" or the "Company"), is pleased to announce the Board of Directors has approved a metallurgical engineering bench test program to produce ThermoPotash sample 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. Work will be undertaken by specialists already experienced with Amazon's potash rock. The work will include analysis of pyro-metallurgical options to create ThermoPotash as well as an alternative hydrometallurgical processes to produce conventional potash salt.

Amazon's work will be done in parallel to Brazil's Centre of Mineral Technologies ("CETEM") ongoing research efforts (See May 4, 2009 Press Release). Since May, CETEM has completed a literature review and rock technological characterization. CETEM plans to initiate lab scale tests during Q3 2009.

Commenting President & CEO Cristiano Veloso, said, "Brazil is the world's fastest growing consumer of potash, and is dependent on costly imports for 92% of the country's requirements. It is our hope that our work program will mark a significant step in solving this problem. The company continues to explore partnerships with public and private intuitions for ThermoPotash agronomic tests".

In addition, Amazon announces the appointment of Mr. Jed Richardson to the Board of Directors. Mr. Richardson has served the company in the role of Vice President of Corporate Development since June 2008. Prior to joining Amazon, Mr. Richardson was a Mining analyst with Cormark Securities part of an 8 year career in mining research with Cormark/Sprott Securities and RBC Capital Markets. Mr Richardson holds a Bachelor of Applied Science in Mining Engineering from the University of Toronto.

Commenting President & CEO Cristiano Veloso, said, "Mr Richardson was instrumental in identifying Cerrado Verde opportunity and has played a key role in shaping the Company's strategic vision. He has a wealth of experience in Mining Equity Capital Markets and project valuation. His talents and dedication will be a welcomed addition to the Company's Board"

Other Matters

Amazon has issued a total of 630,000 stock options exercisable at $0.495 per share, to new members of the Board of Directors, Chairman Mr. Peter Gundy, Dr. Henrique Cavalcanti and Dr. Renato Gomes as well as consultants and staff.

About Amazon

Amazon Mining, listed on the TSX Venture Exchange, is a mineral exploration company engaged in creating shareholder value by developing mineral properties in Brazil. The company is focused on the development of 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.

On behalf of the Board of Directors of Amazon Mining Holding Plc, Cristiano Veloso, President and CEO.

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