TORONTO, ONTARIO--(Marketwire - Dec. 22, 2010) -

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Amazon Mining Holding Plc (TSX VNTURE:AMZ) ("Amazon" or the "Company") is pleased to announce that the Secretary of Finance from Minas Gerais State Government has approved this Monday, December 20, 2010, a special tax treatment for Amazon's Cerrado Verde Potash Project ("Cerrado Verde"). This benefit will reduce capital and operational expenditures for the Company's proposed ThermoPotash production. In addition, it will reduce sales tax on ThermoPotash itself.

Conventional potash fertilizers, sulphate of potash ("SOP") and potassium chloride ("KCl"), if produced from Cerrado Verde, will also benefit from this special tax treatment. (See press release December 2, 2010).

The special tax treatment is defined as:

1. suspension of the Tax on the Circulation of Products and on Services of Interstate and Intermunicipal Transportation and Communication, currently up to 18% ("ICMS") payable on imports of foreign goods destined to fixed assets, including machinery and equipment, with no similar good produced in Brazil;
2. suspension of the ICMS payable on imports of foreign raw materials, intermediates and packing materials, including petroleum coke, with no similar competitive goods produced in Minas Gerais state ("Minas");
3. suspension of ICMS on the differential in rates due for acquisitions in other states, of goods destined for the fixed assets, including machinery and equipment, with no similar good produced in Minas;
4. suspension of the ICMS payable on purchases of domestic raw materials, intermediates, packaging materials, except electricity, other fuels, lubricants and communication services, purchased from commercial producers in Minas or distribution centers linked to the former, located in this state, upon prior approval of the suppliers and the conditions defined in the Special Regime, under Art. 8, General Part of the RICMS General, approved by Decree no. 43.080 from 2002, only for the production of ThermoPotash, SOP and KCl from Cerrado Verde.
5. effective tax load of 4% (four percent) for the ICMS (instead of 12% for Espirito Santo, 8,4% for Sao Paulo, Rio de Janeiro and states from the south region; and 4,9% for the other States of Brazil), payable on sales of ThermoPotash, SOP and KCl from Cerrado Verde, conducted by the distribution center, pursuant to section XIV, art. 75, General Part of the RICMS, approved by Decree No. 43080 of 2002.

A ceremony will be held between the parts for the signature of the agreement which will formalize the foregoing.

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 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.