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TORONTO, ONTARIO--(Marketwire - Jan. 11, 2011) -




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 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.