Amazon Mining Holding Plc (TSX-V symbol: “AMZ”)(“Amazon” or the “Company”), is pleased to announce that the Company has entered into an agreement with ArcelorMittal Bioenergia Ltda. (An ArcelorMittal Group company MT:NYSE) (“ArcelorMittal”) to fund agronomic tests using Amazon Mining’s proposed ThermoPotash product, derived from the Cerrado Verde project,

Cerrado Verde is a source of potash rich rock from which Amazon plans to produce a slow-release, non-chloride, multi-nutrient, fertilizer product.

ArcelorMittal Bioenergia produces charcoal for steel production from renewable eucalyptus forests, a substitute for mined metallurgical coal. Their plantations cover 170,000 hectares (656 square miles) in the Minas Gerais and Bahia states of Brazil. Eucalyptus was introduced to Brazil in 1910, for timber substitution and the charcoal industry. It has thrived in the local environment, and today there are around 5 million hectares planted (19,000 square miles). The wood is highly valued by the pulp and paper, and the charcoal industries. Typically wood can be harvested every 5-7 years, helping to preserve the native forests from logging. The slow release and multinutrient characteristics of ThermoPotash could make it an ideal fertilizer for Eucalyptus.

The memorandum of understanding between Amazon Mining and ArcelorMittal governs testing of ThermoPotash product from a proposed pilot plant production. Under the terms of the agreement Amazon will provide ThermoPotash to ArcelorMittal for use in planting Eucalyptus forests. ArcelorMittal will designate a test plot and fund all costs associated with testing. ArcelorMittal’s investments will include yield comparisons and chemical analysis,of nutrient behaviour in the soil and in the eucalyptus. The companies will jointly define the period in which the fertilizer is employed, and the stages of study. Data from the studies will be jointly owned by Amazon and ArcelorMittal to be used for development of the product, product marketing and project financing. ArcelorMittal will have pre-emptive right to the acquisition of 15% of potential ThermoPotash production at market price for a period of 24 months, in the event of successful commissioning of a ThermoPotash production facility by Amazon Mining.

Commenting, President & CEO Cristiano Veloso said, “This agreement represents a significant step in developing corporate demand for our proposed product. We are pleased to enlist the help of such an esteemed partner. Together we hope to develop a fertilizer alternative for Brazil’s world leading biofuel and cultivated forests industries that will reduce dependence on imported potash salts.”

About Amazon

Amazon Mining is a mineral exploration and development company founded by Brazilians in 2005. The company is focused on the development of Cerrado Verde project. Cerrado Verde is 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, Jed Richardson, Vice President of Corporate Development

For additional information please contact:

Cristiano Veloso, President & Chief Executive Officer

Tel: +44 (0) 20 8133 7607; Fax: +44(0)20 7405 7773; Email: cv@amazonplc.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it

OR

Jed Richardson, VP Corporate Development

Tel: +1(416)866-2966; Fax: +1(416)867-9393; Email: jed@amazonplc.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it

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