Amazon Mining Holding Plc
TSX VENTURE : AMZ

Amazon Mining Holding Plc

April 21, 2011 09:52 ET

Shareholders Approve Company's Name Change to Verde Potash Plc–New Stock Symbol to be NPK

Sekita Agronomic Trials Results

TORONTO, ONTARIO--(Marketwire - April 21, 2011) - Amazon Mining Holding plc (TSX VENTURE:AMZ) ("Verde" or the "Company") is pleased to announce that the shareholders have approved a name change to Verde Potash Plc at its Annual Meeting of Shareholders held on April 12, 2011. Accompanying the change of name shall be a new trading symbol, 'NPK'. The changes will be effective as of market open on Tuesday, April 26, 2011.The Company's shares will continue to trade on the Toronto Stock Exchange Venture and all other attributes of the Company remain unchanged. The name Verde Potash, and ticker symbol 'NPK' were selected to better reflect the Company's business and focus on fertilizers.

Effective Date: Tuesday, April 26, 2011
Company Name: Verde Potash Plc.
Trading Symbol: TSX-V: NPK

Sekita Agronomic Trials Update

ThermoPotash trials at Grupo Sekita Agronegôcios ("Sekita") provided inconclusive results. Testing conducted by Sekita was implemented in order to compare the agronomic efficiency of granular ThermoPotash with potassium chloride (KCl), on the productivity and quality of carrot crops. Sekita reports: There was no statistical difference in productivity and quality of carrot between treatments using ThermoPotash (TK) and potassium chloride (KCl) and combined application of these two sources, and also compared to the control treatment. With regard to the efficiency of the sources of potassium, the Company expected greater agricultural efficiency from granular ThermoPotash as compared to potassium chloride or the control. However, the release of nutrients from ThermoPotash was observed to be hampered in the field because the granules of the product showed a high degree of hardness and resistance to fragmentation. This decreased the contact and reaction of these particles with the soil preventing the release of total nutrients, thus reducing the efficiency of the product. The Company did not previously observe these characteristics when it supplied ThermoPotash in coarse form as opposed to granules. The company's engineering team expects to resolve this issue by making a simple change to the granulation process.

About Verde

Verde Potash, founded by Brazilians, is a mineral exploration and development company focused on fertilizers. The Company is developing the Cerrado Verde project in Brazil, a source of potash-rich rock from which Verde plans to produce a slow-release, non-chloride, multi-nutrient, fertilizer product named ThermoPotash. Founded as Amazon Mining in 2005, the Company changed its name to Verde Potash in April 2011 to better reflect its main business. The Company is also exploring for phosphate and limestone.

On behalf of the Board of Directors of Verde Potash plc

Jed Richardson, Vice President of Corporate Development

Cautionary Language and Forward Looking Statements

THIS PRESS RELEASE CONTAINS CERTAIN "FORWARD LOOKING STATEMENTS", WHICH INCLUDE BUT IS NOT LIMITED TO, STATEMENTS WITH RESPECT TO THE FUTURE FINANCIAL OR OPERATING PERFORMANCE OF THE COMPANY, ITS SUBSIDIARIES AND ITS PROJECTS, STATEMENTS REGARDING USE OF PROCEEDS, EXPLORATION PROSPECTS, IDENTIFICATION OF MINERAL RESERVES, COSTS OF AND CAPITAL FOR EXPLORATION PROJECTS, EXPLORATION EXPENDITURES, TIMING OF FUTURE EXPLORATION AND PERMITTING, REQUIREMENTS FOR ADDITIONAL CAPITAL, GOVERNMENT REGULATIONS OF MINING OPERATIONS, ENVIRONMENTAL RISKS, RECLAMATION EXPENSES, TITLE DISPUTES OR CLAIMS, AND LIMITATIONS OF INSURANCE COVERAGE. FORWARD LOOKING STATEMENTS CAN GENERALLY BE IDENTIFIED BY THE USE OF WORDS SUCH AS "PLANS", "EXPECTS", OR "DOES NOT EXPECT" OR "IS EXPECTED", "ANTICIPATES" OR "DOES NOT ANTICIPATE", OR "BELIEVES", "INTENDS", "FORECASTS", "BUDGET", "SCHEDULED", "ESTIMATES" OR VARIATIONS OF SUCH WORDS OR PHRASES OR STATE THAT CERTAIN ACTIONS, EVENT, OR RESULTS "MAY", "COULD", "WOULD", "MIGHT", OR "WILL BE TAKEN", "OCCUR" OR "BE ACHIEVED". FORWARD LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS WHICH MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SAID STATEMENTS. THERE CAN BE NO ASSURANCES THAT FORWARD-LOOKING STATEMENTS WILL PROVE TO BE ACCURATE, AS ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SAID STATEMENTS. ACCORDINGLY, READERS SHOULD NOT PLACE UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS.

Readers are cautioned not to rely solely on the summary of such information contained in this release and are directed to the complete set of drill results posted on Amazon's website (www.amazonplc.com) and filed on SEDAR (www.sedar.com) and any future amendments to such. Readers are also directed to the cautionary notices and disclaimers contained herein.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Amazon Mining Holding Plc
    Cristiano Veloso
    President & Chief Executive Officer
    +44 (0) 20 8133 7607
    +44(0)20 7405 7773
    cv@amazonplc.com

    Amazon Mining Holding Plc
    Jed Richardson
    VP Corporate Development
    +1(416)866-2966
    +1(416)866-8829
    jed@amazonplc.com
    www.amazonplc.com