NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Amazon Mining Holding Plc (TSX VENTURE:AMZ) ("Amazon" or the "Company") is
pleased to announce that it has completed its previously announced "best
efforts" private placement financing with Ocean Equities Ltd. ("Ocean") pursuant
to which 1,080,000 ordinary shares of the Company were sold at a price of $4.17
per share for gross proceeds of $4,503,600.


Amazon paid to Ocean a commission of $270,216, being 6.0% of the gross proceeds
of the private placement, and has issued 64,800 broker's warrants to Ocean,
entitling Ocean to acquire 64,800 shares of the Company, being 6% of the number
of shares issued pursuant to the private placement. The broker warrants are
exercisable up to 5:00 p.m. on December 30, 2012 at an exercise price of $4.17
per share.


The net proceeds of the private placement will be applied to the general working
capital of the Company and the development of its Cerrado Verde potash project.


All securities issued in connection with this private placement will be subject
to a statutory hold expiring on May 1, 2011 in accordance with Canadian
securities legislation.


About Amazon Mining

Amazon Mining is a mineral exploration and development company founded and led
by Brazilians since 2005. The company is focused on the development of the
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. 


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.
Azucar Minerals (TSXV:AMZ)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Azucar Minerals Charts.
Azucar Minerals (TSXV:AMZ)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Azucar Minerals Charts.