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Amazon Appoints Mauricio Sampaio as Vice President of Operations


Published on 2010-06-09 04:40:18 - Market Wire
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TORONTO, ONTARIO--(Marketwire - June 9, 2010) - Amazon Mining Holding Plc(TSX VENTURE:AMZ) ("Amazon" or the "Company"), is pleased to announce the appointment of Mr. Maurício Sampaio as Vice President of Operations.

Mr. Sampaio is a seasoned Brazilian executive with pertinent expertise and experience in the areas of fertilizer marketing and sales, operations planning, logistics, and product development. At Amazon, Mr. Sampaio will coordinate efforts to advance the Cerrado Verde project, including the development and marketing of the ThermoPotash product, as well as evaluating other potential potash fertilizers currently under tests.

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, amenable to open pit mining, is located in central Minas Gerais in the heart of Brazil's vast Cerrado agricultural area.

Mr. Sampaio was Bunge Fertilizantes Operations Director from 2004 to 2006 and Marketing Director from 2002 to 2004. Bunge is South America's largest supplier and distributor of fertilizers and the world's largest oilseed processor. Mr. Sampaio served as business director for the company's Bunge Fertilizantes IAP/Ouro Verde divisions, where he was responsible for marketing and operations, growing brand sales by 60%. He was on Fosfertil's commercial committee as Bunge's representative. Fosfertil is Brazil's main raw materials and phosphate supplier. Prior to Bunge he also held the position of Operations Director at Fertiza (Acquired by Mosaic/Cargill) from 1996 to 2000, where he was responsible for planning, logistics, sales and supply. More recently he served as an agribusiness advisor to Accenture; marketing consultant for Tortuga Cia Zootécnica Agrária (Brazil's largest animal feed company) for Latin America; and advisor to CJ Company (South Korea's largest food company). Mr. Sampaio was President of the Brazilian Agribusiness Association from 2006 to 2009.

Mr. Sampaio graduated in Agronomy Engineering and earned his MBA in Agribusiness from USP - Universidade de São Paulo. He did his post-graduate studies in Business Administration at Fundação Getulio Vargas, São Paulo.

In regards to his hiring, new Vice President Operations, Maurício Sampaio, said, "Amazon's Cerrado Verde project represents an exciting opportunity to be part of the development of what I believe could be a breakthrough fertilizer product in Brazil."

Commenting President & CEO, Cristiano Veloso, said, "Mauricio is one of Brazil's most successful and respected agribusiness professionals. We are pleased to have a professional of his calibre that shares our excitement about the prospects of the Cerrado Verde project. His addition will kick start the establishment of Amazon Mining as a Brazilian fertilizer producer."

Amazon has issued 250,000 share purchase options exercisable at $1.40, expiring May 31, 2015 to Maurício Sampaio, pending TSX regulatory approval.

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, 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.

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.


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.

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