Amazon Mining Holding Plc
TSX VENTURE : AMZ

Amazon Mining Holding Plc

June 25, 2009 13:58 ET

Peter V. Gundy Joins Amazon's Board of Directors as Chairman

Dr. Henrique Cavalcanti and Mr. Renato Gomes Join Board

TORONTO, ONTARIO--(Marketwire - June 25, 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 appointment of Peter Gundy as Chairman of the Company, and Dr. Henrique Brandao Cavalcanti and Mr. Renato Gomes as Board Members.

Until recently, Mr. Gundy was Chairman of Neo Material Technologies Inc. a TSX listed mineral technologies company. Mr. Gundy was the company's founder as well as President and Chief Executive Officer from 1992 to 2006. He resigned as Chairman in 2008. From start-up in 1992, Neo Material Technologies became the largest global producer in its sector. Prior thereto, he had been a Vice-President of Brascan Inc., having been involved with the company's investments in Brazil. He also was Executive Vice President, Finance of the Potash Corporation of Saskatchewan Limited at its inception and played a major role in its establishment. The company went on to become the world's largest global producer of potash fertilizer. Mr. Gundy has also held the position of Chairman of Renaissance Securities Inc., a Canadian securities dealer. Mr. Gundy graduated from the London School of Economics with a Masters of Science in Economics degree, from McGill University with a Bachelor of Civil Law degree, and from the University of Western Ontario with a Bachelor of Arts degree. Mr. Gundy was also awarded certification as a director by the Institute of Corporate Directors. He is currently is a director and co-owner of Veritprop Ltd. in Toronto.

Cristiano Veloso, President and CEO of Amazon stated, "Mr. Gundy has an enviable record in building very successful industrial minerals companies. As we ramp up our efforts to launch our Cerrado Verde Potash Project, his experience will prove very helpful."

On June 24, 2009 the Company held its Annual General Meeting, shareholders elected Board nominated directors Dr. Henrique Brandao Cavalcanti, a Canadian trained mine engineer, former Brazilian federal government minister and representative for Brazil at the United Nations and World Health Organization; and Mr. Renato Gomes a Brazilian lawyer based in Washington DC, specialized in foreign corporate investment and government relations (See May 25, 2009 Press Release for more details). Mr. Michael Atkinson withdrew his nomination prior to the meeting and the new board of directors nominated Mr. Gundy to fill the vacancy.

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 abundant and accessible verdete slate, a 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