Brazil Minerals, Inc. Advances on its Gold Recovery Facility

Brazil Minerals, Inc. Advances on its Gold Recovery Facility & Predicts Profitability in its Brazil-Based Operations In 2017

PASADENA, November 29, 2016 - Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "BMIX") announced today it has received the final piece of equipment necessary for the gold recovery circuit that processes gravel and thicker alluvial materials of any type found locally. This just delivered machine is a stone remover to be used at the start of the circuit and before the vibrating screen shown in the November 16, 2016 press release of the Company. The third and final component of this circuit is a jig concentrator, already on site, which will be connected to these other two pieces of equipment. The photograph of Brazil Minerals' excavator placing the newly received stone remover in a work area is attached to the version of this press release posted on the Company's website (www.brazil-minerals.com).

Two photographs showing the top details of the stone remover and of the jig concentrator are set forth below (available in the release posted at www.brazil-minerals.com).

This side structure to pre-process heavier material is expected to be completed within two weeks. As a result, Brazil Minerals will then have the ability to run a complete gold and diamond recovery circuit, which is anticipated to have the ability to process 25% of the hourly volume that its large, diesel-run recovery plant could process, but with only 10% of the diesel and labor cost associated with the operation of that plant. The greatest difference is in the use of more advanced technology for gold extraction: centrifugation, which studies have shown to yield 90% or higher of retrievable particulate gold, as opposed to gravity separation, shown to yield approximately 40%.

The predecessor company (no affiliation to Brazil Minerals) that built the large recovery plant spent approximately $2.5 million on its construction. On the other hand, the portable and scalable gold and diamond recovery circuit developed by Brazil Minerals will cost approximately 1% of such amount. In due time, this low cost should permit the fabrication of more gold recovery circuits that can then be placed to work in multiple locations simultaneously.

The Company expects to produce gold and diamonds from the new recovery circuit before the end of December 2016. With expected revenues from gold, diamond, sand, and mortar, as well as various efficiency and cost reduction measures implemented, the Company now expects its Brazil-based operations to be cash flow profitable by the second quarter of 2017, or possibly sooner. Besides its Brazil-based operations, the Company has certain U.S.-based expenses.

Brazil Minerals filed its third quarter of 2016 report on Form 10-Q last week. In the management's discussion and analysis section of such report, the list of recent improvements in capital structure is detailed. One of the metrics that management is following intently, and wants to continuously improve, is book value. The Company's book value, while still a negative number, has increased since December 31, 2014, as shown below.

Date                 Book Value
12/31/2014          ($1,962,472)
12/31/2015            ($387,885)
09/30/2016             ($38,307)

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

Peter K. Goldy, Director of Communications
Brazil Minerals, Inc.
(213) 590-2500
info@brazil-minerals.com
www.brazil-minerals.com