Brazil Minerals Inc. Provides Update Regarding Its Large Gold Property in Northern Brazil

PASADENA, May 2, 2016 - Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "BMIX") announced that on April 29, 2016 it obtained approval of a report regarding BMIX's Apui/Borba Project for gold from the local mining department. With the completion of this necessary step, the BMIX's title to this mineral right is confirmed and the Company can now work towards obtaining an initial commercial mining permit. BMIX's Apui/Borba Project titled right covers 24,708 acres, a surface area that is 15% larger than the island of Manhattan in New York. The project has potential mineralization of 4.3 million ounces of gold (this preliminary estimate is not derived from the U.S. standard guidelines referred to as Industry Guide 7 and does not represent a proven or probable mineral reserve). As part of a future application for a mining concession, the Company will undertake a feasibility analysis of the project.

BMIX's Apui/Borba Project is located in the state of Amazonas in the northern part of Brazil, between the cities of Apui and Borba, and part of a region referred to by geologists as the gold belt of the Amazon. Elsewhere in Brazil, BMIX has producing properties for diamonds, gold and sand, and owns the largest processing plant for diamondiferous gravel in Latin America. In particular, BMIX owns 29 other mineral rights, including 10 mining concessions for diamonds and gold; a concession is the highest level of mining title in Brazil. All of these other BMIX's mineral rights are located in the state of Minas Gerais in southeastern Brazil, some 1,300 miles away. Brazil has a larger surface area than the continental United States and its entire territory presents attractive natural resources.

The Apui/Borba Projects area has had a history of a small number of illegal settlers extracting gold. Their presence in such specific locale within the enormity of the Amazon is considered by some experts to indicate the presence of gold deposits that are of relatively easy extraction. It is known that gold is extractable there in both alluvial and conglomerate form. BMIX has reported such illegal extraction to all of the necessary Brazilian authorities and is following up closely. To dissuade further settler activity, the Company has been conservative in the information it shares. Access to the area by geologists and others is via a small airplane landing strip located within the project or by riverboat from Manaus, the state capital.

The Company believes that the combination of producing diamonds and gold in its properties in Minas Gerais and overseeing a large gold project in Amazonas bodes well for its future. BMIX is in the early stages of conversations regarding potential partnerships for co-development or other situations regarding its Apui/Borba Project. In particular, it recently began discussions with a private Chinese gold mining company regarding a potential investment and technology transfer for the project.


About Brazil Minerals, Inc.

Brazil Minerals, Inc. (OTC: BMIX) is a producer of diamonds, gold, sand, and industrialized mortar. We own 30 mineral rights, including 10 mining concessions for diamonds and gold, the highest level of right to mine in Brazil. 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 MDBs 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 MDBs 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 MDBs 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.

Cautionary note regarding preliminary estimates of potential mineralization for gold of the Apui/Borba Project with the local Brazilian regulatory agencies.

We advise U.S. investors that preliminary estimates of potential mineralization for gold of the Apui/Borba Project with Brazilian regulators is not recognized by the SEC. U.S. investors are cautioned not to assume that any part of such potential mineralization is or will ever become mineral reserves as defined by the U.S.s Industry Guide 7.



Contact:

Brazil Minerals, Inc.
Marc Fogassa, CEO
(213) 590-2500
info@brazil-minerals.com
www.brazil-minerals.com