Amazon Discovers Phosphate at Cerrado Verde Project, Brazil

TORONTO, ONTARIO, Nov 8, 2010 (Marketwire via COMTEX News Network) --

Amazon Mining Holding Plc (TSX VENTURE:AMZ) ("Amazon" or the "Company"), is pleased to announce preliminary results of the "Apatita" phosphate exploration program, which is located immediately adjacent to the Cerrado Verde Potash Project in the western part of Minas Gerais State, Brazil.

A regional geological mapping and grab sampling program is ongoing at Amazon's wholly owned Apatita phosphate project, which to date has identified 30km of strike with a width between 1km and 5km of a mineralized phosphate sedimentary package. A total of 435 grab samples have been assayed for phosphate (P2O5) at two independent laboratories namely SGS Geosol and Bureau Veritas, both located in Belo Horizonte. The results of these samples range from 0.1 % to 29.9% P2O5, with an average of 7.13% P2O5 (see Figure 1 below which shows the sample locations). It should be noted that grab samples are selective by nature and are unlikely to represent average grades of the mineralized package.

Amazon has undertaken a reconnaissance 1,000m diamond core drilling programme in order to test the depth and stratigraphic profile for the identified mineralization within the sedimentary package. The results of this programme are being compiled and will be released soon.

Exploration commenced in the Apatita Project as part of detailed surface mapping of the Cerrado Verde potash project. Amazon's Exploration Manager, Mr. Ysao Munemassa and members of Amazon's geological team were responsible for identifying high concentrations of phosphate minerals in rocks within the same sedimentary package that contains the Cerrado Verde potash mineralization.

The geology is covered by horizontal sedimentary beds of Cretaceous age. The base of the sequence is represented by sandstones of the Areado Group. This is overlain by a sequence of sandstone, conglomerates and graywackes. The phosphate occurs primarily in the cement of the rocks as well as fragments in the graywacke and conglomerates. The primary phosphate mineral identified by petrographical studies undertaken by Amazon is apatite, but secondary phosphate minerals such as crandallite and wavellite have also been identified in the weathered zone.

One 30kg sample with a head grade of 3.86% P2O5 was submitted to the metallurgical testing laboratory Nomos, based in Rio de Janeiro. The sample was subjected to preliminary flotation test work which resulted in a concentrate product containing 29.8% P2O5.

Commenting President & CEO, Cristiano Veloso, said, "This part of Brazil is home to other economic deposits of phosphate, so we are cautiously optimistic that this discovery could develop into a new source of shareholder value. Early concentration work suggests that if an economic resource exists, conventional standalone phosphate products could be produced, or phosphate could be incorporated into our proposed ThermoPotash fertilizer."

Competent Person

The technical content of this news release has been prepared by Mr. Beau Nicholls, MAIG, Consulting Geologist, who is a Qualified Person as defined by Canadian National Instrument 43-101.

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, Cristiano Veloso, President and CEO.

To view "Figure 1", please visit the following link:

http://media3.marketwire.com/docs/amzfig1_1108.pdf