Brazil Minerals, Inc. Announces Successful Beginning of Operations with Gold Retrieval Unit

PASADENA, October 10, 2016 - Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "BMIX") announced today that the initial gold retrieval unit (GRU) installed in one of its mining concessions for gold in the Jequitinhonha River valley in Brazil has begun operations as of late last week.

This initial GRU was built to specifications at a metalworking facility located in northern Minas Gerais state in Brazil. Following transport to its current location, it took over two weeks to configure, test and optimize several aspects of its operation, including the electric grid connection from a diesel-powered portable generator as well as the water pumping mechanism. Two photographs of the GRU are attached to the version of this press release posted in the Company's website (www.brazil-minerals.com). In essence, this GRU has a specially designed motorized trommel that feeds material into two centrifuges working in parallel.

While the Company has run the GRU only a very short time, it has already witnessed that the cost of its operation will be low. Together, diesel and direct labor, the two largest costs, averaged 150 dollars per day; this is a preliminary number, subject to change with a longer period of operations. Having a cost effective method of recovery is important because the concentration of alluvial gold on a volumetric basis varies significantly from area to area and low costs allow even lesser material to be processed profitably. The Company sees this initial GRU as an initial step in technology development; it already has certain ideas for improvements on a version 2. As BMIX has 10 mining concession areas for alluvial gold, among the 38 mineral rights encompassing 440 square miles that it controls, there is room for several GRUs to work simultaneously on BMIX's concessions.

In other news, BMIX announced that the portable diamond and gold plant of an unrelated third-party enterprise that signed a previously announced royalty deal with the Company also began operations. A photograph of such plant is attached to the version of this press release posted in the Company's website (www.brazil-minerals.com). There are numerous differences between this portable plant and the GRU, however both utilize motorized trommels as a separation step. Under the terms of the royalty agreement, BMIX will receive 25% of this third party's production of gold and diamond with virtually zero cost to BMIX.

In additional news, Ambassador Christopher Westdal has joined the Board of Directors of Jupiter Gold Corporation (Jupiter Gold), a subsidiary of the Company. Ambassador Westdal resides in Quebec, Canada and is currently the non-executive Chairman of the Board of Directors of Silver Bear Resources, Inc. (SBR), a public company developing a large silver mine in Russia. He has been a director of SBR since 2007, and has served on other public company boards with mining interests in Canada, Russia, and Ukraine. BMIX believes that his directorship experience and involvement in international mining opportunities will be a strong positive for Jupiter Gold.

Ambassador Westdal is a former Canadian diplomat with 40 years of international experience. He was Ambassador to Russia, the United Nations in Geneva, Ukraine, South Africa, and Bangladesh and Burma. Prior assignments abroad included India, Nepal, and Tanzania. Ambassador Westdal holds a Bachelor of Arts degree from St. Johns College and a Master of Business Administration degree from the University of Manitoba.


About Brazil Minerals, Inc.

Brazil Minerals, Inc. (OTC: BMIX) is a producer of diamonds, gold, sand and industrialized mortar. Through various 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; the total surface area of these mineral rights is 218,525 acres or 440 square miles. 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