Brazil Minerals, Inc. Provides Updates on New Access Road and Agreement With Investor Group to Purchase Outstanding Convertible Debt

PASADENA, CA--(Marketwired - Nov 3, 2015) - Brazil Minerals Inc. (OTC: BMIX) (the "Company" or "BMIX") provided today a brief overview of certain of its ongoing activities.

As described in a recent press release, BMIX has worked on building a dirt road to connect its large diamond and gold recovery plant to a highly promising dry mineral rights area a few miles away, where it intends to conduct operations for the next several years. The basic road has been completed. Work is now ongoing on the placement of cement tubes on the sides and under certain parts of such road, in a few specific areas, to allow for proper drainage during rainfall. This part of Brazil is dry for most of the year, except for the normal rainy period between December and March. Besides the road drainage system, workers are also depositing layers of pebbles and rocks to the road surface to make it sturdier for the expected heavy truckload traffic. Two photographs of such progress accompany this release.

In other news, the Company was approached by an investor group with U.S. and Asia ties ("U.S./Asia Investor") and agreed to allow such group to purchase any remaining convertible debt of BMIX held by St. George Investments, LLC ("SGI"). Recently, SGI and BMIX entered into an agreement by which SGI gave to BMIX, or any investor agreed to by BMIX, the option to buy back up to the entirety of any convertible debt remaining that is held by SGI at a price equal to 100% the of outstanding principal and accrued interest. The agreement that BMIX has with the U.S./Asia Investor provides that, if any such SGI convertible debt is purchased by the U.S./Asia Investor, any shares issued upon conversions of the purchased debt may not be sold for a period of time. This agreement is a continuation of the Company's strategy to eliminate debt held by "short-term" oriented holders.

About Brazil Minerals, Inc.

Brazil Minerals Inc. (OTC: BMIX) is a U.S. holding company with Brazilian mining properties that produce rough diamonds, gold, and sand, and a business that manufactures and sells mortar. More information on BMIX 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, 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.

Cautionary note regarding estimates of Indicated and Inferred Mineral Resources of Diamonds and Gold as found in MDB's NI 43-101 Technical Reports.

We advise U.S. investors that while these terms and amounts are recognized by Canadian regulations, the U.S. Securities and Exchange Commission ("SEC") does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral reserves as defined by the U.S.'s Industry Guide 7.

Cautionary note regarding estimates of Mineral Reserves of Diamonds and Gold as found in MDB's Bankable Feasibility Study.

We advise U.S. investors that while these terms and amounts are recognized by Brazilian regulations, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in this category will ever be converted into mineral reserves as defined by the U.S.'s Industry Guide 7.

Cautionary note regarding estimates of Volume and Weight of Sand as found in MDB's studies filed with the local Brazilian regulatory agencies.

We advise U.S. investors that while sand volume and weight terms and amounts as filed in Brazil are recognized by Brazilian regulations, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part of such are not considered mineral reserves as defined by the U.S.'s Industry Guide 7.

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Contact

Contact:

Marc Fogassa
(213) 590-2500
Email Contact
www.brazil-minerals.com