SOURCE: Brazil Minerals, Inc.

Brazil Minerals, Inc.

October 01, 2013 08:00 ET

Brazil Minerals, Inc.'s Diamond and Gold Mine Increases Sales of Rough Diamonds by 84% Quarter-Over-Quarter

BELO HORIZONTE, BRAZIL--(Marketwired - Oct 1, 2013) - Brazil Minerals, Inc. (OTCQB: BMIX) ("BMIX"), a diamond and gold producer, and developer of a vanadium, titanium, and iron project, today announced continued growth in revenues from its subsidiary, Mineração Duas Barras Ltda. ("Duas Barras"), a producing diamond and gold mining operation in Brazil. Duas Barras sold 1,662.65 carats of rough diamonds in the third quarter of 2013 as compared to 902.10 carats in the second quarter of 2013, representing an 84% quarter-over-quarter increase. BMIX will report its third quarter 2013 financial results as part of its regular third quarter 10-Q filing with the Securities and Exchange Commission on or before November 15th, 2013.

Marc Fogassa, Chairman and CEO of BMIX, commented, "This announced result is excellent, and underscores the quality of our mining concession and processing plant. In fact, over 95% of our diamond production is of gem quality and destined for jewelry. Our diamond and gold processing plant is the largest of its type in Latin America, and our operating team is highly experienced. Duas Barras is profitable and we believe that we have only begun tapping into its full potential."

BMIX has started to set aside a small part of its rough diamond production for cutting and polishing, and has built an initial inventory of high quality polished diamonds for sale. Some of these polished gems have already been graded by the Gemological Institute of America's laboratory, considered the industry's leading standard. Polished diamonds, on a per carat basis, can achieve many times the revenue of rough diamonds and much higher margins.

About Brazil Minerals, Inc.

Brazil Minerals, Inc. (OTCQB: BMIX), a U.S. corporation, is a diamond and gold producer with resources and assets in Brazil. Its mining assets include a 55% ownership in Duas Barras, a diamond and gold producing mine. BMIX has exploration projects for vanadium, titanium, iron, and gold, and a pipeline of other opportunities throughout Brazil. More information on BMIX, including an investor presentation, 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, the 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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