Amazon Mining Holding Plc (TSX-V symbol: “AMZ”) (“Amazon”
or the “Company”), is pleased to announce that the Company has entered
into an agreement with Sekita Agronegocios (“Sekita”), a leading
Brazilian based agribusiness company, to fund agronomic tests using
Amazon Mining’s proposed ThermoPotash product derived from the Cerrado
Verde project.
Cerrado Verde is a source of potash rich rock from which Amazon plans
to produce a slow-release, non-chloride, multi-nutrient, fertilizer
product. Cerrado Verde, which is amenable to open pit mining, is located
in central Minas Gerais in the heart of Brazil’s vast Cerrado
agricultural area.
Sekita plans to test ThermoPotash in real world conditions for use
with garlic, carrots, corn, soybeans, wheat and grazing grass for dairy
cattle. Sekita is a leading Brazilian carrot, garlic and milk producer.
Its farms are located less than 10km from the Cerrado Verde Project.
This region accounts for nearly one third of Brazil’s carrot production.
Carrot plantation requires up to four times more potash per hectare per
year than crops like soybeans or corn. Sekita already uses
ThermoPhosphate, a slow release highly efficient phosphate fertilizer
that share’s many of the characteristics and much of the production
process of Amazon’s proposed ThermoPotash. Sekita hopes to utilize the
slow release characteristics of ThermoPotash to provide a more
sustainable and more efficient source of potash.
Commenting on the agreement, Cristiano Veloso, President & CEO
said: “Sekita has used state of the art technology over the years in
order to become one of Brazil’s most efficient agribusiness companies.
We are pleased to work along this local group to develop a more
sustainable and efficient potash fertilizer.”
About Sekita
Sekita Agribusiness is one of the largest Brazilian producers of
vegetables. Established in the 1970’s, it currently has 350 permanent
employees working in the production of garlic, carrots, corn, soybeans,
wheat and milk. Their productive activities are distributed over 3000
hectares of farmland, located directly adjacent to Amazon’s Cerrado
Verde project. The group was one of the pioneers in adapting many crop
plantation techniques to the Cerrado, Brazil’s savannah, including the
use of slow-release ThemoPhosphate fertilizer, limestone soil pH
adjustment and crop rotation to control pests. Sekita carrots are famous
throughout Brazil, It has also recently become one of the largest milk
producers in the country.
About the Agreement
The memorandum of understanding between Amazon Mining and Sekita
governs the testing of ThermoPotash product from the pilot plant
production. Under the terms of the agreement, Amazon will provide
ThermoPotash to Sekita for use in planting garlic, carrots, corn,
soybeans, wheat and grazing grass for dairy cattle. Sekita will
designate test plots and fund all costs associated with the testing.
Sekita’s investments will cover yield comparisons and chemical analysis
of nutrient behaviour in the soil. The companies will jointly define the
period in which the fertilizer is employed and the stages of study.
Data from the studies will be jointly owned by Amazon and Sekita to be
used for further development of the product, product marketing and
project financing. Sekita will have pre-emptive right to the acquisition
of 15% of potential ThermoPotash production at market price for a
period of 24 months, in the event of successful commissioning of a
ThermoPotash production facility by Amazon Mining.
About Amazon
Amazon Mining is a mineral exploration and development company
founded by Brazilians in 2005. The company is focused on the development
of 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, Jed Richardson, Vice President of Corporate Development
For additional information please contact:
Cristiano Veloso, President & Chief Executive Officer
Tel: +44 (0) 20 8133 7607; Fax: +44(0)20 7405 7773; Email:
cv@amazonplc.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it
OR
Jed Richardson, VP Corporate Development
Tel: +1(416)866-2966; Fax: +1(416)866-8829; Email:
jed@amazonplc.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it
www.amazonplc.com
Cautionary Language and Forward Looking Statements
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE. 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.
The potential grades detailed in this release are conceptual in
nature. There has been insufficient exploration to define a mineral
resource and it is uncertain if further exploration will result in the
targets being delineated as a mineral resource.
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.