Brazil Minerals, Inc. Extinguishes Convertible Debt From Notable Holder

PASADENA, September 13, 2016 - Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "BMIX") today announced that it had received the final notice of conversion of debt to equity from St. George Investments, LLC, one of its two remaining short-term oriented variable-rate noteholders. The Company believes that the extinguishment of this variable-rate debt and removal of this likely seller of its common stock is a significant positive development.

In other news, BMIX has set up a subsidiary in Brazil to hold its mineral rights for manganese. This metal is highly sought after for many critical uses, including manufacture of higher-quality steel and next-generation batteries. Experts believe that there are four countries with high-grade manganese occurrences and Brazil is one of them. As disclosed in prior press releases, with any new subsidiary, the Company seeks a focused avenue to raise capital for projects, which is less dilutive of the parent, while expecting to generate royalties from such projects. In practical terms, and given its focus today primarily on gold and diamond assets, BMIX is also open to a sale of a non-core subsidiary on receipt of an attractive offer.

In additional news, its gold-focused subsidiary, Jupiter Gold Corporation, obtained in August of 2016 a new mineral rights claim for gold covering 4,669 acres within the well-known area in the state of Minas Gerais in Brazil called "Iron Quandrangle". The closest larger city to this new claim is Itabira. This region, known for both iron and gold mining, has excellent logistics and is also close to the states capital, Belo Horizonte. Geological formations in the Iron Quadrangle are rich and highly complex; gold mines usually begin as open-sky alluvial operations and later advance underground following primary gold deposits. Several companies have operated gold mines within the Iron Quandrangle, notably AngloGold Ashanti and Jaguar Mining. Although a hired expert indicated potential in this claim, confirmatory geological research has not been performed as of yet. This claim is part of a mineral rights bank of assets that should increase in value if research confirms the presence of gold. As stated in prior releases, depending on such research results and other variables, these rights could be developed, become part of royalty-based transactions, or sold; the rights were identified in BMIX's recently filed Form 10-Q for the second quarter of 2016.


About Brazil Minerals, Inc.

Brazil Minerals, Inc. (OTC: BMIX) is a producer of diamonds, gold, sand and industrialized mortar. Through subsidiaries, consolidated in our financial statements, we have title to 38 mineral rights for gold, diamonds, manganese and sand, including 10 mining concessions for gold and diamonds, the highest level of right to mine in Brazil. More information on BMIX is at www.brazil-minerals.com.


Safe Harbor Statement

This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Brazil Minerals, Inc.'s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Brazil, general economic conditions, geopolitical events and regulatory changes, availability of capital, BMIX's ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.



Contact:

Marc Fogassa, CEO
Brazil Minerals, Inc.
(213) 590-2500
info@brazil-minerals.com
www.brazil-minerals.com