Amazon Mining Holding Plc (TSX VENTURE:AMZ) ("Amazon" or the "Company")
announces that it has lost arbitrations in respect to the Tocantins and the
Terra Branca projects. As a result, the company will have to pay an additional
C$211,065.12 to the C$341,391.36 it had set aside. Amazon will therefore suffer
minimal impact on its working capital (Approximately GBP 4.2MM or C$7.4MM as
last reported September 30, 2009).


In July and August 2008 Amazon decided to discontinue the exploration of the
Tocantins and the Terra Branca projects because of discouraging results and
market uncertainties. By terminating the projects, Amazon avoided any further
expenditures with exploration and property fees. The vendors, however, sought to
charge the pending instalments on the purchase contract. The arbitration award,
issued March 15th 2010, unfavourably interpreted Amazon's contractual rescission
as not releasing the Company from the unpaid instalment.


Amazon was condemned for a total payment of C$359,690.64 in Tocantins Project
and C$192,462.50 regarding Terra Branca. Since Amazon had already set aside
contingencies for a total of C$341,391.36, as reflected in its last financial
statement, the final impact on the company's working capital was limited to an
additional C$210,787.88.


There is no further liability to Amazon stemming from either project. The
strategic decision to abandon the projects in 2008 has thus allowed Amazon to
preserve its capital through the financial crisis and allowed it to focus its
efforts on developing the Cerrado Verde project.


About Amazon

Amazon Mining is a mineral exploration and development company founded by
Brazilians in 2005. The company is focused on the development of Cerrado Verde
project. Cerrado Verde is source of a potash rich rock from which Amazon plans
to produce a slow-release, non-chloride, multi-nutrient, fertilizer product.
Amazon Mining is a UK public company with shares listed on the TSX Venture
Exchange since November 2007.


On behalf of the Board of Directors of Amazon Mining Holding Plc, Cristiano
Veloso, President and CEO


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.


The potential grades detailed in this release are conceptual in nature. There
has been insufficient exploration to define a mineral resource and it is
uncertain if further exploration will result in the targets being delineated as
a mineral resource.


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.
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