AMZ Azucar Minerals Ltd

Amazon Mining Holding Plc (TSX VENTURE:AMZ) ("Amazon" or the "Company") released
its audited consolidated financial statements for the year ended December 31,
2009 and provides the following corporate update.


For the twelve-month period ended December 31, 2009 Amazon incurred a net loss
of GBP 767,486 compared to a net loss of GBP 2,509,249 for the twelve-month
period ended December 31, 2008. As the Company remains engaged in exploration
activity, no revenues are presently generated from its operations. The smaller
loss in 2009 was primarily because of the smaller exploration expenditure
following the work slow down initiated in mid 2008. Through 2009 Amazon held
most of its cash in Canadian dollars, so it has benefited from the relative
weakness of the British Pound. Amazon currently has a working capital position
of approximately GBP 4.1MM (Cdn$6.2MM). 


During 2009, Amazon focused its efforts on the Cerrado Verde potash project. The
company successfully transitioned from strictly exploration to business
development, changing the board, attracting government and private sector
development partners, and building investment market interest. 


In the months since year-end the company has continued to make progress in the
development of the Cerrado Verde project. The company received an initial
National Instrument (NI) 43-101 compliant inferred mineral resource estimation
for its project of 105.1MM t at 10.3% K2O using a 7.5% cut-off grade. 


The company is undertaking market and engineering studies to understand the
potential market penetration and economics of its proposed ThermoPotash product,
and is continuing metallurgical studies to develop second generation potash
products.


Commenting President & CEO, Cristiano Veloso, said, "The planned work at Cerrado
Verde, should create value for Amazon shareholders, establishing our project as
a primary solution to the problem of Brazil's dependence on imported potash." 


Other Matters

Amazon has issued a total of 285,000 stock options exercisable at $1.64 per
share, expiring April 30, 2015 to consultants and staff.


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 Toronto Stock
Exchange since November 2007.


On behalf of the Board of Directors of Amazon Mining Holding 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. 


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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