Amazon Mining Holding Plc
TSX VENTURE : AMZ

Amazon Mining Holding Plc

June 18, 2008 09:10 ET

Amazon intercepts 17m of 3.93g/t Au at Tocantins Gold Project

TORONTO, ONTARIO--(Marketwire - June 18. 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Attention Business/Financial Editors:

Amazon Mining Holding Plc ("Amazon" or the "Company") (TSX VENTURE:AMZ) has released the initial set of assay results from its 100% owned Tocantins Gold Project ("Tocantins") in Brazil, at which Brazilian mining giant Companhia Vale do Rio Doce ("CVRD") conducted exploration work in the early 1990's.



Highlights:

- Phase 1 core diamond drilling ("DDH") along the Igreja - Gerseu trend
shows higher grades and widths than historic CVRD data indicated; DDH
results include:
- 2m @ 18.97g/t Au (AMZ TO-08);
- 17m @ 3.93g/t Au including 4m @ 9.01g/t Au and 2m at
11.05g/t Au (AMZ TO-09);
- Continuity of mineralization confirmed according to the mapped
structures and importantly, correlating closely to historic CVRD drill
data
- Exploration continues along the Igreja - Gerseu trend which is believed
to be the western limb of a major hinge or 'nose fold' structure; and
- Exploration has commenced within a 4km by 4km primary target area
covered by laterite where prior work also indicated the presence of a
major 'nose fold' hinge structure.

Commenting on the results, Amazon's Vice President of Exploration, Oscar
Yokoi said: "The gold mineralization at Tocantins is associated with sulphide
and sometimes magnetite rich quartz veined horizons hosted by deformed mafic
and felsic volcanics predominantly covered by laterite. Our results from
targeting the Igreja - Gerseu trend are positive as they both confirm
continuity of mineralization according to the mapped structures and
importantly, correlate closely with the historic CVRD drill information. Based
on this new data, correlation and understanding, the primary target for Amazon
is a 4km by 4km laterite covered area where previous MAG work indicated the
presence of a major nose fold structure. An intense auger drilling campaign is
now underway in this area".

Tocantins Gold Project:
-----------------------

The 9,103.52 ha, 100% owned Tocantins gold project is located in the state
of Tocantins, Brazil, and lies within a prolific Archean Greenstone belt. The
project is accessible by well established infrastructure and historically the
region was mined by early Portuguese/Brazilian explorers and garimpeiros who
extracted gold from alluvial and saprolite deposits via shallow open pits and
shafts.
CVRD conducted exploration work in the early 1990s, based on an
exploration model that gold mineralization was associated with low angle
thrust faults. CVRD's exploration was concentrated along the limbs or flanks
of fold structures and resulted in the identification of several surface gold
occurrences.
In previous work conducted in May 2006, Amazon undertook a 3 month
exploration program consisting of detailed mapping, limited ground magnetic
surveying, data reinterpretation and RAB drilling. Based on this work, Amazon
concluded that the former CVRD exploration model may well have been
incomplete. The Company now believes that the structural controls for gold
mineralization at Tocantins are hinge zones of major 'nose folds' in contrast
to the historic CVRD approach.

Summary: Phase 1 Diamond Drilling Program:
------------------------------------------

Amazon's Phase 1 exploration focused on three targets along the Igreja -
Gerseu trend; a trend which is believed to represent the western limb of a
major 'nose fold' hinge structure. The 12 hole DDH program, totaling
1,731 meters of HQ was designed to test for near surface structurally
controlled 'cigar type' high grade gold mineralization and lower grade
mineralized envelopes within an area encompassing 4km by 2km at which CVRD had
completed a 9,000 meter reverse circulation drill program in the late 1990's.
Selected Amazon intercepts to date that exceed 100ppm Au are presented in the
series of tables below. The complete data set including a map of the DDH
collar locations can be found on the Company's website (www.amazonplc.com)
filed with this press release.

Select Drill Results ((greater than)1g Au/t): Igreja - Gerseu Trend
-------------------------------------------------------------------

-------------------------------------------------------------------------
AMZ TO 02 From (m) To (m) Interval (m) Gold (g/t)
-------------------------------------------------------------------------
186.00 187.00 1 1.36
-------------------------------------------------------------------------
Total hole length = 242.80m and terminated at
221.00 vertical m below surface. Drill azimuth 110degrees and
dip -70 degrees

-------------------------------------------------------------------------
AMZ TO 03 From(m) To(m) Interval (m) Gold (g/t)
-------------------------------------------------------------------------
59.00 60.00 1 2.77
-------------------------------------------------------------------------
61.00 62.00 1 9.08
-------------------------------------------------------------------------
72.00 73.00 1 7.13
-------------------------------------------------------------------------
77.00 80.00 3 1.37
-------------------------------------------------------------------------
including 77.00 78.00 1 2.93
-------------------------------------------------------------------------
79.00 80.00 1 1.07
-------------------------------------------------------------------------
Total hole length = 103.20 m and terminated at 82.50,
vertical m below surface. Drill azimuth 90 degrees and dip -60 degrees

-------------------------------------------------------------------------
AMZ TO 04 From (m) To (m) Interval (m) Gold (g/t)
-------------------------------------------------------------------------
43.00 44.00 1 1.51
-------------------------------------------------------------------------
Total hole length = 133.20 m and terminated at
133.40 vertical m below surface. Drill azimuth 110 degrees and
dip -60 degrees

-------------------------------------------------------------------------
AMZ TO 06 From (m) To (m) Interval (m) Gold (g/t)
-------------------------------------------------------------------------
112.00 113.00 1 1.90
-------------------------------------------------------------------------
114.00 115.00 1 1.41
-------------------------------------------------------------------------
129.00 130.00 1 2.78
-------------------------------------------------------------------------
Total hole length = 143.84m and terminated at
124.20 vertical m below surface. Drill azimuth 118 degrees and
dip -60 degrees

-------------------------------------------------------------------------
AMZ TO 07 From (m) To (m) Interval (m) Gold (g/t)
-------------------------------------------------------------------------
71.00 72.00 1 3.46
-------------------------------------------------------------------------
81.00 82.00 1 1.62
-------------------------------------------------------------------------
131.00 135.00 4 4.07
-------------------------------------------------------------------------
147.00 148.00 1 1.42
-------------------------------------------------------------------------
Total hole length = 172.40m and terminated at
172.40 vertical m below surface. Drill azimuth 0 degree and
dip -90 degrees

-------------------------------------------------------------------------
AMZ TO 08 From (m) To (m) Interval (m) Gold (g/t)
-------------------------------------------------------------------------
15.00 16.00 1 2.19
-------------------------------------------------------------------------
24.00 27.00 3 2.90
-------------------------------------------------------------------------
including 24.00 25.00 1 4.83
-------------------------------------------------------------------------
26.00 27.00 1 3.71
-------------------------------------------------------------------------
31.00 32.00 1 5.57
-------------------------------------------------------------------------
38.00 39.00 1 2.49
-------------------------------------------------------------------------
42.00 43.00 1 1.26
-------------------------------------------------------------------------
101.00 102.00 1 2.75
-------------------------------------------------------------------------
107.00 109.00 2 18.97
-------------------------------------------------------------------------
Total hole length = 127.30m and terminated at
108.90 vertical m below surface. Drill azimuth 125 degrees and
dip -60 degrees

-------------------------------------------------------------------------
AMZ TO 09 From (m) To (m) Interval (m) Gold (g/t)
-------------------------------------------------------------------------
61.00 62.00 1 3.07
-------------------------------------------------------------------------
66.00 71.00 5 2.63
-------------------------------------------------------------------------
including 66.00 67.00 1 4.06
-------------------------------------------------------------------------
67.00 68.00 1 1.55
-------------------------------------------------------------------------
69.00 70.00 1 4.65
-------------------------------------------------------------------------
70.00 71.00 1 2.32
-------------------------------------------------------------------------
80.00 97.00 17 3.92
-------------------------------------------------------------------------
including 80.00 84.00 4 9.01
-------------------------------------------------------------------------
89.00 90.00 1 1.47
-------------------------------------------------------------------------
92.00 94.00 2 11.05
-------------------------------------------------------------------------
96.00 97.00 1 6.59
-------------------------------------------------------------------------
102.00 103.00 1 1.17
-------------------------------------------------------------------------
157.00 158.00 1 1.50
-------------------------------------------------------------------------
Total hole length = 200.00m and terminated at
195.20 vertical m below surface. Drill azimuth 0 degree and
dip -90 degrees

-------------------------------------------------------------------------
AMZ TO 10 From (m) To (m) Interval (m) Gold (g/t)
-------------------------------------------------------------------------
32.00 33.00 1 1.18
-------------------------------------------------------------------------
Total hole length = 208.60m and terminated at
207.4.90 vertical m below surface. Drill azimuth 0 degree and
dip -90 degrees

Note: Whilst the intercepts do not represent true thicknesses, due to the
inclination of the drill holes and the mineralized zones, the intercepts
approximate true thicknesses.

Competent Person and Sampling Protocols
---------------------------------------

As required by Canadian National Instrument 43-101, Amazon's designated
qualified person required for review of the technical and scientific
information herein contained is Dr. Joao Batista G. Teixeira, Chief
Geoscientist and an employee of the Company. The longitudinal half cores were
sampled at every 1.0 meter interval and shipped to the certified SGS-Geosol
Laboratory in Belo Horizonte, Brazil for Au assaying. Three types of standards
(from Rocklabs Limited in Auckland, New Zealand for sample preparation) and
duplicates were inserted at each 20 core sample interval point and blanks
(from Rocklabs Limited) also inserted at every 30 core sample interval point
in line with the Company's quality control procedures. The Company maintains
an archive of both half core samples and remnant of samples/pulps sent to
laboratory.

Option Grant
------------

The Company further announces that an employee has been granted options to
purchase 250,000 common shares of the Company at an exercise price of $1.20
per share. The options vest over a period of two years and have an expiry five
years from the date of grant. The grant is subject to regulatory approval.

About Amazon
------------

Amazon is listed on the TSX Venture exchange and is a mineral exploration
company engaged in acquiring and developing gold exploration properties in
Brazil. Its strategic focus is to acquire projects with demonstrated potential
for hosting gold deposits and to define resources through exploration and
drilling campaigns.

On behalf of the Board of Directors of Amazon Mining Holding Plc,
Cristiano Veloso, President & Chief Executive Officer
-----------------------------------------------------


-------------------------------------------------------------------------

Cautionary Language and Forward Looking Statements
--------------------------------------------------
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS RELEASE AND THE INFORMATION CONTAINED HEREIN. 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.

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.
-------------------------------------------------------------------------

Contact Information