Brazil Minerals, Inc. Reports Revenues Grew 24 Times Quarter Over Quarter

Significant Progress Made in Multiple Fronts

SAO PAULO, BRAZIL--(Marketwired - Aug 12, 2013) - Brazil Minerals Inc. (OTCQB: BMIX) ("Brazil Minerals" or "BMIX"), a diamond and gold producer with resources and assets in Brazil, reported its financial results for the three months ended June 30, 2013 in its Quarterly Report on Form 10-Q, filed with the SEC on August 12, 2013. A summary of BMIX's financial performance and business updates follows.

Marc Fogassa, BMIX Chairman and CEO, stated, "We are very pleased with these results. They show sequential improvement on major operating metrics, and we expect these trends to continue. We are fortunate to have growing revenues from sales of diamonds and gold, as well as a newly announced valuable vanadium/titanium/iron project. In fact, we have now received invitation to present at some major institutional investment conferences; we look forward to updating shareholders and introducing BMIX to a wider audience at those events."

BMIX will be presenting at the Rodman & Renshaw Global Investment Conference, September 8-10, 2013, and at the Euro Pacific Global Investment Conference, September 10, 2013, both in New York, NY. If you are interested in meeting with the Company or obtaining more information about BMIX, please send an email to info@brazil-minerals.com.

Other Second Quarter Highlights

People

• John Bell joined the BMIX Board of Directors. He is a director in Goldcorp ($22 billion market cap; focused on gold) and Tahoe Resources ($2.3 billion market cap; focused on silver). Mr. Bell is a former Ambassador of Canada in Brazil, and brings a wealth of public company Board experience and substantial contacts to BMIX.
  
  
• Paulo Roberto Amorim dos Santos Lima, a premier Brazilian geologist with more than 40 years of field experience, including 22 years at Brazilian mining giant Vale ($73 billion market cap) where he headed exploration and development areas, joined as Vice President, Geology, based in Belo Horizonte, Brazil. He is uniquely positioned to filter the many opportunities that BMIX has access to, and to command any of BMIX's geological field operations when deployed.
  
  
• Luís Mauricio Ferraiuoli de Azevedo, a top Brazilian mining lawyer, who is also a geologist and diretor in five mining companies, joined the BMIX Board of Advisors. He adds greatly to BMIX's mining regulatory expertise and to its business development platform.
  
  

Revenue-Generating Business

• BMIX acquired 55% of Mineração Duas Barras Ltda. ("Duas Barras"), a Brazilian mining company, located in the state of Minas Gerais, Brazil, giving it revenues from diamonds and gold.
  
  
• BMIX obtained a favorable gemological report from a lot of rough diamond from Duas Barras. The highest color expected from the lot, upon cutting and polishing, was "E", and the highest clarity expected was "VVS". The shapes seen in the lot were sawables, makeables, flats, and many well-formed octahedrons and dodecahedrons.
  
  
• BMIX beta-launched its proprietary Diamond Sales Portal, allowing global diamond buyers to access information on production and special gems.
  
  
• During Q2 2013, Duas Barras applied for, and after quarter-end was granted, the Brazilian government export license allowing it to export rough and polished diamonds and gold.
  
  

Other Business

• During Q2 2013, BMIX's geological team collected samples in an area in the state of Piauí, Brazil; after quarter-end, results showed world-class concentrations of three minerals: proved iron (Fe₂O₃) concentrations between 66.2% and 71.7%, titanium (TiO₂) concentrations between 18.4% and 19.8%, and vanadium (V₂O₅) concentrations between 0.68% and 0.80%. Subsequent to quarter-end, BMIX signed an agreement that allows it exclusive rights to 75% ownership of this project.
  
  
• During the second quarter of 2013, the Company's geological team visited and collected samples of some locations within BMIX's Borba Project in the state of Amazonas, Brazil. These samples confirmed the presence of gold in the project. The Company's geological team is studying SGS-Geosol's report in connection with other data collected from its visit, and reports from local prospectors, with the goal of recommending next steps.
  
  

Corporate Events

• BMIX was invited and met with the Latin American and AMEX teams at the NYSE regarding an uplisting of the stock to NYSE MKT in 2014.
  
  
• Marc Fogassa, Chairman and CEO, was interviewed for the upcoming Mining Leaders Brazil book, and by the Brazilian leading business newspaper, Valor Econômico.
  
  
• A shareholder count as of late June 2013 showed BMIX had 2,667 shareholders.
  
  

Outlook

For Q3 and Q4 2013, BMIX expects the production of rough diamonds from Duas Barras to increase in comparison to Q2 2013 as the gravels being processed in the plant show higher concentration of diamonds.

Certain Salient Points About Brazil Minerals, Inc.

Duas Barras

• Duas Barras has an NI 43-101 technical report, considered the highest standard in geological evaluation. The Duas Barras NI 43-101 shows indicated and inferred resources of 432,000 carats of diamonds and 491 kg of gold (approximately 17,320 ounces). Since the previous owner of the property explored only a limited area of the concession for only a short amount of time, BMIX believes that at least 75% of these resources are still untapped; the estimated value of these resources is $70 million. The NI 43-101 geological studies were performed in only a portion of the concession area; there are available concession areas in the Duas Barras property that have not been researched and may contain diamond deposits.
  
  
• Duas Barras has the largest processing plant in Latin America, with the capacity of processing 80 tons of gravel per hour for the extraction of diamonds and gold, and costing in excess of $2.5 million to build.
  
  
• Duas Barras is a revenue-generating operation on a mining concession for diamond and gold having all of the necessary licenses and permits in place, something uniquely difficult to obtain in Brazil, and therefore valuable. Some historical figures allow the replacement value to be estimated. The previous owner of the concession spent $3,650,000 in purchasing the mining rights, then an estimated $2,000,000 in geological studies leading to the NI 43-101, then another $2,500,000 in building the plant, and thereafter an estimated $2,000,000 in removing the overgrowth and non-diamondiferous layers in parts of the property. This is a total of more than $10 million, which BMIX believes is the absolute minimum replacement value of this property.
  
  

Vanadium/Titanium/iron Project

• Vanadium and titanium at the concentrations seen in the BMIX project are very rare and highly sought after.
  
  
• BMIX structured a deal that allows us plenty of time to get familiar with the property as we accomplish steps that get us percentage ownership. The first phase will be terrestrial geophysics to get a sense of the area of the potential ore body.
  
  

About Brazil Minerals, Inc.

Brazil Minerals Inc. (OTCQB: BMIX), a U.S. corporation, is a diamond and gold producer with resources and assets in Brazil. Its mining assets include a 55% ownership in Duas Barras, a diamond and gold producing mine. BMIX has exploration projects for vanadium, titanium, iron, and gold, and a healthy pipeline of other sizeable opportunities throughout Brazil. Its Brazilian headquarters is in São Paulo, the financial hub of Latin America, with an operational office in Belo Horizonte, the capital of the state of Minas Gerais, a name that means "General Mines," and serves as reminder of the strength of that region of Brazil for natural resources. More information on BMIX, including an investor presentation, can be found at www.brazil-minerals.com.

Safe Harbor Statement

This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Brazil Minerals Inc.'s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Brazil, general economic conditions; geopolitical events and regulatory changes, availability of capital, the BMIX's ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.