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TORONTO, ONTARIO--(Marketwire - Dec. 30, 2010) -




NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES




Amazon Mining Holding Plc (TSX VENTURE:AMZ) ("Amazon" or the "Company") is pleased to announce that it has completed its previously announced "best efforts" private placement financing with Ocean Equities Ltd. ("Ocean") pursuant to which 1,080,000 ordinary shares of the Company were sold at a price of $4.17 per share for gross proceeds of $4,503,600.


Amazon paid to Ocean a commission of $270,216, being 6.0% of the gross proceeds of the private placement, and has issued 64,800 broker's warrants to Ocean, entitling Ocean to acquire 64,800 shares of the Company, being 6% of the number of shares issued pursuant to the private placement. The broker warrants are exercisable up to 5:00 p.m. on December 30, 2012 at an exercise price of $4.17 per share.


The net proceeds of the private placement 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 this private placement will be subject to a statutory hold expiring on May 1, 2011 in accordance with Canadian 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 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.