Amazon Initiates Drill Campaign to Explore Phosphate and Expand Potash Resource

Amazon Mining Holding Plc (TSX VENTURE:AMZ) ("Amazon" or the "Company") is
pleased to announce that the Company has initiated an extensive drilling
campaign to explore phosphate targets at the Apatita project and to expand the
potash resource at Cerrado Verde.


The planned drilling at the Apatita Project includes 4,000m of follow up
drilling at the Nau de Guerra and Alto da Serra targets with a view to produce
NI 43-101 compliant resource . In addition, the Company is planning 3,000m of
drilling on five other targets along a trend over 30km long bordering the
Cerrado Verde Project. The initial drilling program at the Apatita Phosphate
project showed encouraging preliminary results (see release dated November 22,
2010), this work will build on that initial success and test new areas. P2O5
concentrations combined with estimative reserves and flotation tests will be the
key drivers to moving the Apatita project forward. 


The Company has also initiated a wide-spaced drilling program at the Cerrado
Verde potash project aimed at producing a NI 43-101 compliant resource estimate
for the whole deposit, which has a strike length exceeding 100km. Currently the
Company has a NI 43-101 inferred compliant resource on 105.1 million tonnes
grading 10.3% K2O using a cut-off of 7.5% (see release dated March 8, 2010).
Additional drilling is also being conducted to upgrade the current resource to
measured and indicated to obtain the necessary mining permit. 


Amazon has commissioned two drilling companies, GeoSedna Perfuracoes Especiais
S/A and Isoagua Perfuracoes Especiais S/A, to carry out a 16,000m drilling
program with an option to drill another 10,000m. The initial drilling campaign
consists of four pieces of drilling equipment; three Reverse Circulation drill
(15,000m) and one Diamond drill (1,000m). 


Amazon has hired SSMA Advisory and Consultancy, an environmental licencing
company, to prepare all the necessary reports and analyze the environmental
issues. Their team has already started the work in the Cerrado Verde Project
area, where the biotic and physical surveys have just begun. 


In October 2010, Amazon claimed an area near Cerrado Verde containing limestone.
The Company plans to drill 2,500m of this area. This potential limestone deposit
could make the Company self-sufficient for ThermoPotash production in terms of
raw materials, and potentially reduce operating costs. 


Commenting, Cristiano Veloso, President and CEO said, "This drilling program
aims to create new value with our phosphate and limestone targets. It will be
the first attempt by Amazon to quantify the tremendous potash resource at
Cerrado Verde. The program will also help Amazon solidify its claim over the
entire mineralized area as we work to convert our exploration license into a
formal mining license later in 2011." 


Other Matters 

Amazon has issued 2,800 shares at a price of $8.00 to Fasken Martineau DuMoulin
LLP as arrangement for settlement of debt.


About Amazon 

Amazon Mining is a mineral exploration and development company founded by
Brazilians in 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 Toronto
Stock Exchange since November 2007.


On behalf of the Board of Directors of Amazon Mining Holding Plc 

Jed Richardson, Vice President of Corporate Development

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
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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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