On December 30, 2010 Amazon Mining Holding Plc (TSX VENTURE: AMZ) completed a "best efforts" private placement financing (the "UK financing") with Ocean Equities Ltd. pursuant to which 1,080,000 ordinary shares of Amazon Mining were sold, primarily to UK investors, at a price of $4.17 per share for gross proceeds of $4,503,600.

Subsequently, on January 11, 2011, Amazon Mining completed a private placement financing (the "Canadian 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., pursuant to which 2,398,100 ordinary shares of Amazon Mining were sold, primarily to Canadian investors partially on an underwritten basis and partially on a "best efforts" basis, for gross proceeds to the company of $10,000,077.

Overall, pursuant to the UK financing and the Canadian financing, Amazon Mining issued 3,478,100 ordinary shares for gross proceeds of $14,503,677.

Amazon Mining is focused on the development of the Cerrado Verde project in Brazil. Cerrado Verde is a source of a potash rich rock from which the company 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.

Amazon Mining was advised in these transactions by Fasken Martineau with a team that included Georges Dubé, Bozidar Crnatovic and Michael Shour (corporate/Canadian securities), and Mark Camilleri and John Burnand (corporate/UK securities), with the assistance of student-at-law Jeffrey Gebert.