AMZ Azucar Minerals Ltd

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.

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.

Contacts: Amazon Mining Holding Plc Cristiano Veloso President & Chief Executive Officer +44 (0) 20 8133 7607 +44(0)20 7405 7773 (FAX) cv@amazonplc.com Amazon Mining Holding Plc Jed Richardson VP Corporate Development +1(416)866-2966 +1(416)866-8829 (FAX) jed@amazonplc.com www.amazonplc.com