Brazil Minerals, Inc. Announces Continuation of Progress in Operations

PASADENA, November 16, 2016 - Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "BMIX") announced today that its operations have been producing gold from fine alluvial material. Three pieces of equipment will be added to the small-plant circuit that recovers gold to permit much thicker material containing gravel, clay, and stones to be processed as well. One of such machines is a large vibrating screen, acquired last week after an extensive search; its photograph after arrival is attached to the version of this press release posted on the Company's website (www.brazil-minerals.com).

The other two pieces of equipment to be added will be a jig for separation of material containing diamonds and a large stone removal screen, to filter these out at the beginning of the process before they damage the next machine in the line. Loading to this circuit is done by delivery from an excavator or a wheel loader. A photograph of how particulate gold appears after recovery from the current circuit is attached to the version of this release posted on the Company's website.

In other news, the Company has solicited and is evaluating proposals to identify and quantify the gold mineralization contained in its multiple areas in the Jequitinhonha River basin, in studies to be done in a manner compliant with Industry Guide 7, the U.S. regulatory mining guidelines. These proposals come from two highly experienced geologists, including one from a top mining consultancy, both Qualified Persons as such term is used for geological reporting under Canada's NI 43-101 regulations.

In further news, the Company's Hercules brand of mortar is now being sold in 15 retail stores in the cities of Montes Claros and Bocaiuva. Demand is increasing as the Brazilian economy seems to be getting out of its worst recession in decades.

Additionally, the Company has appointed Peter K. Goldy as consultant in charge of the newly-created position of Director of Communications. Brazil Minerals is in full pursuit of the activities described in this and prior filings and releases, and its small team is handling a number of such items simultaneously. Therefore, the Company felt appropriate that shareholders have access to a dedicated contact person who is based in the US. Mr. Goldy is a significant investor in Brazil Minerals. He will be available by telephone weekdays between 11 AM and 6 PM, Pacific Time, and on weekends and holidays by appointment.


About Brazil Minerals, Inc.

Brazil Minerals, Inc. (OTC: BMIX) is a producer of diamonds, gold, sand, and industrialized mortar. Through various subsidiaries, consolidated in our financial statements, we have title to 38 mineral rights for gold, diamonds, manganese, and sand, including 10 mining concessions for gold and diamonds, the highest level of right to mine in Brazil; the total surface area of these mineral rights is 218,525 acres or 440 square miles. More information on BMIX is 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.



Contact:

Peter K. Goldy, Director of Communications
Brazil Minerals, Inc.
(213) 590-2500
info@brazil-minerals.com
www.brazil-minerals.com