Amazon to Commence Drilling at Lavras Gold Project

    TORONTO, Dec. 21 /CNW Telbec/ - Amazon Mining Holding Plc ("Amazon" or
the "Company") (AMZ:TSX-V) is pleased to announce that drilling is scheduled
to commence mid-January 2008 on the Lavras Gold Project ("Lavras") located in
Minas Gerais, Brazil. Once underway, the Company will have two drilling
programs in progress, Lavras and Tocantins (see press release dated
12 December 2007).
    Boart Longyear Geoserv of Brazil, a subsidiary of Boart Longyear Company
(see press release dated 12 December, 2007) ("Boart") will conduct an initial
diamond drilling ("DD") program of 1,500m. Results are expected during Q1
    The 900ha Lavras property is located approximately 10km north from
Kinross Gold Corporation's large scale Paracatu open pit gold mine
("Paracatu") which presently hosts proven & probable reserves of 15.3Moz.
    As at Paracatu, gold was also mined from Lavras during the 18th century
from extensive surface workings. The initial drilling program will comprise
9 widely spaced DD holes designed to test continuity of gold mineralization to
depth. Amazon's exploration objective is to define a low grade bulk tonnage
resource similar to that at Paracatu.
    Amazon has granted a total of 1,595,000 stock options exercisable at a
price of $1.20 to its Directors, Officers and Employees. The grant is subject
to regulatory approval.
    Renmark Financial Communications Inc. of Montreal, Canada ("Renmark") has
been retained to assist the Company with investor relations and marketing

    About Amazon

    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.

    Qualified Person

    The technical and scientific information in this release has been
reviewed by Dr. Joco Batista G. Teixeira, Chief Geoscientist of Amazon; a
Qualified Person as described in NI 43-101 and a professional geologist with
more than 39 years of experience.

    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, +44 (0) 20 8133 7607, Fax: +44(0)20 7405 7773,;
Nadine Williams, Investor Relations, (416) 866-2966, Fax: (416) 867-9393,; Renmark Financial Communications Inc.: Dan Symons:; Melanie Lecavalier:, (514) 939-3989, Fax: (514) 939-3717,

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