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TORONTO, Nov. 19 /CNW/ - Amazon Mining Holding Plc (TSX-V symbol: "AMZ") ("Amazon" or the "Company") has changed its corporate structure to increase entrepreneurial capacity and minimize ongoing expenditures in light of current market conditions.

Full-time staff have been reduced from 38 to 6 employees. Amazon's Chief Financial Officer ("CFO"), Mr. Manoel Cerqueira has been replaced by Mr. Tim Slater on an interim basis whilst Vice President of Exploration Mr Oscar Yokoi has been replaced with a highly experienced Technical Advisory Committee whose appointees are Dr. Richard Garnett, Mr. Ysao Munemassa and Mr. Persio Mandetta.

Amazon's new interim CFO, Tim Slater, is the Managing Partner of Harmer Slater Chartered Accountants in the United Kingdom, and has been involved in the preparation of all of the Company's financial statements and audit materials since 2007. Mr. Slater has acted as Finance Director for a range of companies in the UK.

The Technical Advisory Committee of Richard Garnett (ex Diamond Fields, Rio Tinto and Anglo American), Ysao Munemassa (ex BP Minerals, Union Carbide and CVRD) and Persio Mandetta (ex Caraiba Metals, Paulo Abib Engenharia, Madison do Brasil), will also assist the Company in all areas formerly handled by the Vice President of Exploration.

Amazon has elected to outsource future geological work, which, as projects were discontinued, allowed for progressive reductions to fulltime staff over the past three months. Brazilian staff numbers have been reduced to 3 full time employees responsible for project management, government and corporate relations and regulatory filings.

Mr. Cristiano Veloso, President and CEO of Amazon commented, "We would like to thank Manoel Cerqueria, Oscar Yokoi and all other former Amazon employees for their contribution in the first half of 2008. Amazon will continue to preserve its cash, currently in excess of C$9.0MM, and keep general and administrative expenditures to a minimum. We plan to spend a maximum of C$500,000 at Madeira gold project through to the end of 2009 and will diligently assess new opportunities in a highly conservative manner."

Technical Advisory Committee

Dr. Richard Garnett has extensive experience in the mining industry with over 40 years spent working a wide range of minerals in jurisdictions from Canada, South Africa, South East Asia to Brazil. Through his career he has held senior positions with Rio Tinto, Anglo American, Hudson Bay Mining and Diamond Fields Resources, where he was instrumental in the early recognition and exploration of the Voisey's Bay nickel deposit. A mining engineer by training, he holds a Phd. in Economic Geology from the Royal School of Mines (UK) and a Master of Business Administration from Cranfield University.

Mr.