SOURCE: Brazil Minerals, Inc.

Brazil Minerals, Inc.

February 10, 2015 10:30 ET

Brazil Minerals, Inc. Completes Mining Equipment Fleet Paying 50% With Sand

BELO HORIZONTE, BRAZIL--(Marketwired - Feb 10, 2015) - Brazil Minerals, Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today it had acquired the last two remaining capital equipment items needed to have its own initial complete fleet for operations in diamonds, gold, and sand, paying half of the cost, approximately US$55,000, with sand.

The Company acquired a front-end loader and a large truck; both will be used for transport of diamondiferous and auriferous gravel for processing at the recovery plant in BMIX's Mineração Duas Barras Ltda. and for sand-related operations. The Company is paying half the cost of these two items by allowing the seller to pick up sand from its mining concession over a certain timeframe; the other half is being paid in cash monthly installments with no interest. The sand being used for this transaction constitutes a very small amount of the volume available.

With this fixed asset investment, BMIX is now self-sufficient for diamond, gold, and sand operations, as far as capital equipment is concerned. In particular, this transaction substantially reduces costs as the Company had been paying almost US$10,000 per month in rentals for a loader and a truck. By eliminating such leases, and with the ability to extract higher productivity from its own equipment, the Company believes that it will recoup the cash portion of this transaction in a few months. BMIX has no remaining rentals of capital equipment at this time.

About Brazil Minerals, Inc.

Brazil Minerals, Inc. (OTCBB: BMIX) is a U.S. company with revenues from diamonds, gold, and sand. In particular, BMIX owns Mineração Duas Barras Ltda. ("MDB"), a Brazilian producer and seller of polished and rough diamonds, 96% purity gold bars, and industrial-use sand. MDB owns a fully-operational mining concession, the largest alluvial processing plant for diamonds and gold in Latin America, and the Brazilian permit to export its production. 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.

Contact Information