SOURCE: Brazil Minerals, Inc.

Brazil Minerals, Inc.

May 13, 2014 10:00 ET

Brazil Minerals, Inc. Raises US$ 500,000 From Polished Diamonds Transaction

BELO HORIZONTE, BRAZIL--(Marketwired - May 13, 2014) - Brazil Minerals, Inc. (OTCQB: BMIX) (the "Company" or "BMIX"), a diversified mining company with revenues from diamonds and gold, announced today that it has received US$ 500,000 from four investors in a transaction in which BMIX sold a combination of GIA-graded diamonds, common stock and two-year options. The GIA-graded diamonds can be delivered over time until December 31, 2015; other details of the transaction were disclosed on a Form 8-K filed with the Securities and Exchange Commission ("SEC").

In April, 2014, BMIX filed its audited financial statements with the SEC. In 2013, the first year of operations in mining for the Company, revenues consisting of sales of rough diamonds and gold, reached US$ 791,780. In 2014, BMIX is selling a portion of its production as polished diamonds, at much higher margins than rough ones. Additionally, so far in 2014, BMIX has received over US$ 1.5 million in successfully completed transactions that raised cash, including the one announced today.

Marc Fogassa, Chairman and CEO of BMIX, commented, "The news announced today is very good. It is another example of the Company's ability to attract capital from the forward sale of diamonds that are being produced in our mining operations in Brazil. This is a validation of our business model and of the quality of our production."

About Brazil Minerals, Inc.

Brazil Minerals, Inc. (OTCQB: BMIX), a U.S. corporation, is a diversified mining company with revenues from sales of rough and polished diamonds as well as gold, and ownership of interests in projects in gold, titanium, vanadium and iron in Brazil. More information on BMIX, including an investor presentation, can be found at

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.

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