Amazon closes over-allotment option



    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
    THE UNITED STATES/

    TORONTO, Dec. 11 /CNW/ - Amazon Mining Holding Plc ("Amazon") (AMZ:TSX-V)
is pleased to announce today that it has closed on the over-allotment option
(the "Over-Allotment Option") granted to the syndicate led by Cormark
Securities Inc., and including Dundee Securities Corporation and GMP
Securities L.P., acting as agents (the "Agents"), pursuant to its initial
public offering which closed on November 21, 2007.
    Amazon has issued a total of 983,334 additional warrants (the "Additional
Warrants") at a price of $0.12 per Additional Warrant for aggregate gross
proceeds of $118,000.08. The Agents were paid a cash commission equal to 6% of
the additional gross proceeds raised pursuant to the exercise of the
Over-Allotment Option. No additional compensation options were granted to the
Agents.

    Amazon is listed on the TSX Venture exchange and is a mineral exploration
company engaged in acquiring and developing gold exploration properties in
Brazil. Its strategic focus is to acquire projects with demonstrated potential
for hosting gold deposits, and to define resources through exploration and
drilling campaigns. Amazon's activities are currently focused on the Tocantins
Gold Project, located in the state of Tocantins, in central Brazil, and on the
Madeira Gold Project, located in the states of Rondonia and Amazonas, in
north-western Brazil.

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

    Cristiano Veloso, President & Chief Executive Office

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release and the information contained herein.

    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.





For further information:

For further information: Cristiano Veloso, President & Chief Executive
Officer, Tel: +44 (0) 20 8133 7607, Fax: +44(0)20 7405 7773, Email:
cv@amazonplc.com Or Nadine Williams, Investor Relations, Tel: (416) 866-2966,
Fax: (416) 867-9393, Email: nw@amazonplc.com

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AMAZON MINING HOLDING PLC

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