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Company Information for Horizonte Minerals Plc

AIM-HZM

www.horizonteminerals.com

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AIM; HZM

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Company Statement

Horizonte Minerals plc is an AIM quoted exploration and development company with a portfolio of gold, silver and base metal projects in producing mineral districts in Brazil and Peru. The Company is focused on creating value by generating and rapidly advancing new exploration projects to joint venture out to the major mining companies, providing mid-term cash flow which is then used to develop the business and pipeline projects.

Horizonte has four strategic partnerships: AngloGold Ashanti Limited, Troy Resources NL, LGA Mineração e Siderugia Ltda and Barrick Gold Corporation, which the Company is working together with to develop its multi commodity portfolio and explore further development opportunities in Brazil and Peru.

The Company has two primary projects situated in the Carajas Mineral Province of northern Brazil being advanced towards a resource definition; the 22,556 hectare Lontra nickel project situated in the Araguaia mobile belt and the Tangara gold, which the Company signed a US$2.8 million option agreement to advance the project with Troy Resources in December 2007. Horizonte is also developing in tandem with Barrick Gold Corporation, the 2,147 hectare Pararapa gold property located in the Department of Arequipa, southern Peru.

Additionally, Horizonte has a generative pipeline of early stage projects in development and has established a 50:50 joint venture company with LGA Mineração e Siderugia Ltda to finance the development of the Crixás, Goiás Velho, Carajás Norte, Lobo and the Araguari, and Itajobi pipeline projects, and identify and acquire suitable bolt-on mineral projects in Brazil. Furthermore Horizonte has signed a US$5.3 million three year joint venture in September 2009 with AngloGold to focus on target generation and potential acquisitions of gold projects in Brazil.

Current Operations

Projects

Exploration alliance – Brazil: JV Anglo Gold 2009
Three year US$5.3 million Strategic Alliance with AngloGold to generate new targets in two areas of Brazil, utilising Horizonte’s technical and operational experience and funded by AngloGold. All new projects defined will be owned 49% by Horizonte and 51% by AngloGold who have the option to take projects to a pre-feasibility stage for an additional equity position. Any gold projects below a minimum size threshold of >2 Moz revert back to Horizonte 100%.

Lontra Nickel Project – Brazil: New discovery 2008
265 km² exploration block covering part of Araguaia mobile belt, a new major Nickel province. The Lontra Project is serviced by good infrastructure and is located to the south of Xstrata’s Serra do Tapa deposit, with a current resource of 73.3 Mt grading 1.5% nickel and adjacent to Teck’s Araguaia project. Recent results expanded the resource potential of the new discovery - best intersections included 13.83 metres grading 1.4 %Ni, 9.22 metres grading 1.47% Ni, 13.51 metres grading 1.17% Ni and 8.86 metres 1.31% Ni.

Exploration alliance – Brazil: LGA Mineração 2009
50:50 joint venture agreement with LGA Mineração e Siderugia Ltda to finance the development of six early stage projects in Brazil and identify and acquire suitable bolt-on mineral projects. LGA is providing funding of US$441,000 over the first year of the agreement. The deal structure ensures Horizonte can maintain core business activity with no exclusivity or lock-in to LGA.

Tangara Gold Project – Brazil: Strategic Alliance with Troy Resources 2007
300 km² licence area located in the world-class Carajas Mineral Province in northern Brazil near Troy Resources’ (ASX:TRY) Andhorinas gold mine.

Horizonte signed an option agreement with Troy Resources in December 2007, under which Troy will pay Horizonte a total US$2.8 million to acquire the project plus a royalty fee on production. Troy is contracted to spend US$2 million on exploration and development within the first three years. To date, multiple gold anomalies have been defined for follow up exploration in 2010 to define a JORC compliant resource.

Pararapa Gold Project – Peru: Strategic Alliance with Barrick Gold 2008
2,147 hectare gold property located in the Department of Arequipa, southern Peru acquired from Barrick Gold in July 2008. The project is characterised by low sulphidation high grade gold and silver veins and is within trucking distance of five producing mines operating on similar vein systems. Encouraging results from early exploration - main veins show good continuous gold and silver grades, with multiple zones containing bonanza silver values of up to 1,230 g/t and gold grades to 14.3 g/t. A fast track resource definition drill programme is planned for Q1 2010.

Geographical Spread

Brazil and Peru

Board of Directors and Key Management

Directors
David J. Hall	Non-Executive Chairman
Jeremy J. Martin	Director and Chief Executive Officer
Nicholas R. Winer	Director and Chief Operations Officer
Allan M. Walker	Non-Executive Director

Senior Management
Gary Townsend	Chief Financial Officer

Company Address

1 Berkeley Street
London, United Kingdom W1J 8DJ


Telephone:	+44 (0) 207 016 9132
Email:	info[at]horizonteminerals.com
Website:	http://www.horizonteminerals.com

Capital

Shares in Issue: 40.4m

Year End

31 December

Nominated Brokers

Westhouse Securities Limited
Tel: 020 7601 6100

Nominated Advisors