SOURCE: Brazil Minerals, Inc.

Brazil Minerals, Inc.

July 18, 2013 12:38 ET

Brazil Minerals, Inc.'s Duas Barras Granted Export License

SAO PAULO, BRAZIL--(Marketwired - Jul 18, 2013) - Brazil Minerals, Inc. (OTCQB: BMIX) (the "Company" or "BMIX"), a diamond and gold producer with resources and assets in Brazil, today announced that its Duas Barras diamond and gold mine ("Duas Barras") had received the necessary license from the Brazilian federal government allowing it to export its production effective immediately.

Marc Fogassa, Chairman and CEO of BMIX, commented, "This export license is very important because it allows Duas Barras to consider international offers and to sell its diamonds to global buyers, with these additional markets likely to produce an upside in pricing."

BMIX's initial plan is to establish a list of qualified global rough diamond buyers to complement the list of the current Brazilian buyers that routinely purchase the entire production from Duas Barras.

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 located in the state of Minas Gerais. BMIX is also exploring for gold in the state of Amazonas, and has a healthy pipeline of other sizeable mineral opportunities throughout Brazil. Its Brazilian headquarters is in São Paulo, the financial hub of Latin America, with an operational office in Belo Horizonte, the capital of Minas Gerais, a name that means "General Mines," and serves as a reminder of the strength of that region of Brazil for natural resources. 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, 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.

Contact Information

  • INVESTOR RELATIONS CONTACT

    John Mattio
    SVP
    MZ North America
    61 Broadway, 30th Floor
    New York, NY 10006
    Telephone: +1 (212) 301-7130
    Email Contact
    www.mzgroup.us