Amazon Mining Holding Plc Closes Cdn$10 Million Private Placement Financing

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TORONTO, ONTARIO -- (Marketwire - Jan. 11, 2011) - Amazon Mining Holding Plc (TSX VENTURE: AMZ) ("Amazon" or the "Company") is pleased to announce that it has completed its previously announced private placement financing with a syndicate of underwriters co-led by GMP Securities L.P. and Wellington West Capital Markets Inc., and which includes Salman Partners Inc. (the "Underwriters"). Pursuant to the private placement, the Underwriters purchased 960,000 ordinary shares of the Company at a price of $4.17 per share, resulting in gross proceeds to the Company of approximately $4,003,200 (the "Underwritten Offering"). In addition to the Underwritten Offering, the Underwriters completed a "best efforts" private placement of 1,438,100 shares out of the 1,440,000 shares available pursuant to the exercise of the Underwriters' option (the "Option"). Overall, pursuant to the Underwritten Offering and the Option, 2,398,100 shares were sold for gross proceeds to the Company of $10,000,077.

Amazon paid to the Underwriters a commission of $600,004.62, being 6.0% of the gross proceeds of the private placement, and has issued 143,886 broker's warrants to the Underwriters, entitling the Underwriters to acquire 143,886 shares of the Company, being 6.0% of the number of shares issued pursuant to the private placement. The broker warrants are exercisable until January 11, 2013 at an exercise price of $4.17 per share.

The net proceeds of the Offering 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 the Offering will be subject to a statutory hold expiring on May 12, 2011 in accordance with applicable 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 a 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.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.



For more information, please contact

Amazon Mining Holding Plc
Cristiano Veloso
President & Chief Executive Officer
+44 (0) 20 8133 7607
+44(0)20 7405 7773 (FAX)
cv@amazonplc.com

or

Amazon Mining Holding Plc
Jed Richardson
VP Corporate Development
+1(416)866-2966
+1(416)866-8829 (FAX)
jed@amazonplc.com
www.amazonplc.com