Secretary of Finance Assents Special Tax Treatment for Cerrado Verde Potash Project

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:



I.  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; 
II. 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"); 
III.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; 
IV. 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. 
V.  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.


Cautionary Language and Forward Looking Statements 

THIS PRESS RELEASE CONTAINS CERTAIN "FORWARD LOOKING STATEMENTS", WHICH INCLUDE
BUT IS NOT LIMITED TO, STATEMENTS WITH RESPECT TO THE FUTURE FINANCIAL OR
OPERATING PERFORMANCE OF THE COMPANY, ITS SUBSIDIARIES AND ITS PROJECTS,
STATEMENTS REGARDING USE OF PROCEEDS, EXPLORATION PROSPECTS, IDENTIFICATION OF
MINERAL RESERVES, COSTS OF AND CAPITAL FOR EXPLORATION PROJECTS, EXPLORATION
EXPENDITURES, TIMING OF FUTURE EXPLORATION AND PERMITTING, REQUIREMENTS FOR
ADDITIONAL CAPITAL, GOVERNMENT REGULATIONS OF MINING OPERATIONS, ENVIRONMENTAL
RISKS, RECLAMATION EXPENSES, TITLE DISPUTES OR CLAIMS, AND LIMITATIONS OF
INSURANCE COVERAGE. FORWARD LOOKING STATEMENTS CAN GENERALLY BE IDENTIFIED BY
THE USE OF WORDS SUCH AS "PLANS", "EXPECTS", OR "DOES NOT EXPECT" OR "IS
EXPECTED", "ANTICIPATES" OR "DOES NOT ANTICIPATE", OR "BELIEVES", "INTENDS",
"FORECASTS", "BUDGET", "SCHEDULED", "ESTIMATES" OR VARIATIONS OF SUCH WORDS OR
PHRASES OR STATE THAT CERTAIN ACTIONS, EVENT, OR RESULTS "MAY", "COULD",
"WOULD", "MIGHT", OR "WILL BE TAKEN", "OCCUR" OR "BE ACHIEVED". FORWARD LOOKING
STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS
WHICH MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY
TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS
EXPRESSED OR IMPLIED BY SAID STATEMENTS. THERE CAN BE NO ASSURANCES THAT
FORWARD-LOOKING STATEMENTS WILL PROVE TO BE ACCURATE, AS ACTUAL RESULTS AND
FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SAID STATEMENTS.
ACCORDINGLY, READERS SHOULD NOT PLACE UNDUE RELIANCE ON FORWARD-LOOKING
STATEMENTS. 


Readers are cautioned not to rely solely on the summary of such information
contained in this release and are directed to the complete set of drill results
posted on Amazon's website (www.amazonplc.com) and filed on SEDAR
(www.sedar.com) and any future amendments to such. Readers are also directed to
the cautionary notices and disclaimers contained herein.
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