Amazon Mining Holding Plc

Amazon Mining Holding Plc

December 13, 2007 09:30 ET

Amazon to Commence Drilling on Tocantins

TORONTO, ONTARIO--(Marketwire - Dec. 13, 2007) -

Attention Business/Financial Editors:

Amazon Mining Holding Plc ("Amazon" or the "Company") (TSX VENTURE:AMZ) is pleased to announce that it has signed an agreement with Boart Longyear Geoserv of Brazil ("Boart") a subsidiary of Boart Longyear Company, to conduct 1,500m of preliminary drilling on the Company's Tocantins Gold Project.

Boart has been providing drilling services to the global minerals industry for over 100 years. Drilling is scheduled to commence by month's end and results are to be expected during Q1, 2008. The Tocantins Gold Project, covering some 9,100ha, is located in an Achaean Greenstone Belt in the state of Tocantins, Brazil.

The concession is underlain by Precambrian granite-greenstone terrene and the region is an appendix to the Sao Francisco Craton. In 2006 Amazon's exploration program focused on exploring the hinge zones of major folds and succeeded in identifying three priority areas for further detailed, two phase exploration. Phase one will consist of approximately 7,000m of reverse circulation (RC) and diamond drilling (DD). Phase two will consist of additional systemic and infill drilling with the preparation of a NI 43-101 compliant gold resource estimate as the combined program target.

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. Amazon's activities are currently focused on the Tocantins Gold Project, located in the state of Tocantins, in central Brazil, and on the Madeira Gold Project, located in the states of Rondonia and Amazonas, in north-western Brazil.

Qualified Person

The technical and scientific information in this release has been reviewed by Dr. Joao Batista G. Teixeira, Chief Geoscientist of Amazon; a Qualified Person as described in NI 43-101 and a professional geologist with more than 39 years of experience.

On behalf of the Board of Directors of Amazon Mining Holding Plc

Cristiano Veloso, President & Chief Executive Office

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.

Contact Information