SOURCE: Brazil Minerals, Inc.

Brazil Minerals, Inc.

February 24, 2015 10:46 ET

Brazil Minerals, Inc. Adds Respected Diamond and Gold Senior Geologist & Other Members to Its Brazil-Based Team

BELO HORIZONTE, BRAZIL--(Marketwired - Feb 24, 2015) - Brazil Minerals, Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today that José Francescatto, a well-known diamond and gold geologist, has been added to the Company's team. BMIX additionally hired a full-time in-house Senior Accountant and a Financial Manager. It also promoted a manager to Director of Sand Operations. All of these assignments are local to Brazil.

BMIX's new Senior Geologist, Mr. Francescatto, has over 36 years of experience primarily in diamond and gold properties. In particular, he was Chief of Geology at Mineração Tejucana S/A ("Tejucana"). Tejucana has a revered history as the most successful diamond mining company in Brazil. It mined mostly inside the Jequitinhonha River using dredges. RST, a company in which BMIX has 25% ownership, is the successor name for most of Tejucana's diamond and gold properties. The river banks of the RST areas were not explored by Tejucana in any detail, and thus remain promising locations for mining. Mr. Francescatto has also worked at Kinross, a large global miner, and two Brazilian public companies, Magnesita and Tractorbel.

BMIX hired Renato Serafim to be its Senior Accountant for Brazilian operations. Previously, the Company relied on outside service providers, but current complexity has now required this function to be brought internally at a similar cost. Mr. Serafim has over 29 years of accounting experience, and post-graduate studies in auditing and human resources. He has also completed the coursework necessary for a law degree and is expecting this additional qualification shortly.

BMIX also retained Elizabeth Viana as Manager for Administration, Finance, and Human Resource areas. Previously, she had been an early employee at a startup and stayed with them for 15 years until they reached multi-million dollars in monthly sales. Additionally, BMIX has promoted Eder Patrick de Araújo to Director of Sand Operations, a newly created position.

About Brazil Minerals, Inc.

Brazil Minerals, Inc. (OTCBB: BMIX) is a U.S. publicly-traded company with current revenues from sales of rough and polished diamonds, gold, and sand.

Our intention is to continue to grow and become a premier diversified and profitable company focused on Brazil. We believe that our team is our main strength. Our team combines over 100 years of Brazilian business expertise and strong American experience in finance, private equity and venture capital.

BMIX owns 100% of Mineração Duas Barras Ltda. ("MDB"), a Brazilian producer and seller of polished and rough diamonds, gold bars, and industrial-use sand. MDB operates a fully-operational mining concession with the largest alluvial processing plant for diamonds and gold in Latin America, and has the Brazilian permit to export its production.

BMIX also owns 25% of RST Recursos Minerais, Ltda. ("RST"), a Brazilian company with 10 mining concessions and 12 other mineral rights for diamond and gold. The RST areas are located near MDB's plant, in the Jequitinhonha River valley, a well-known area for diamonds and gold for over two centuries.

Our goal is to become an attractive and liquid alternative for investment in Brazil, the 6th largest global economy. More information on BMIX can be found at www.brazil-minerals.com.

Safe Harbor Statement

This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Brazil Minerals, Inc.'s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Brazil, general economic conditions, geopolitical events and regulatory changes, availability of capital, BMIX's ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

Cautionary note regarding estimates of Indicated and Inferred Mineral Resources of Diamonds and Gold as found in MDB's NI 43-101 Technical Reports.

We advise U.S. investors that while these terms and amounts are recognized by Canadian regulations, the U.S. Securities and Exchange Commission ("SEC") does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral reserves as defined by the U.S.'s Industry Guide 7.

Cautionary note regarding estimates of Mineral Reserves of Diamonds and Gold as found in MDB's Bankable Feasibility Study.

We advise U.S. investors that while these terms and amounts are recognized by Brazilian regulations, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in this category will ever be converted into mineral reserves as defined by the U.S.'s Industry Guide 7.

Cautionary note regarding estimates of Volume and Weight of Sand as found in MDB's studies filed with the local Brazilian regulatory agencies.

We advise U.S. investors that while sand volume and weight terms and amounts as filed in Brazil are recognized by Brazilian regulations, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part of such are not considered mineral reserves as defined by the U.S.'s Industry Guide 7.

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