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Falcao Gold Project Transaction Update

                    Falcao Gold Project Transaction Update

PR Newswire

TORONTO, Jan. 16, 2013

TORONTO, Jan. 16, 2013 /PRNewswire/ - Horizonte Minerals Plc, (AIM: HZM, TSX:
HZM) ('Horizonte' or 'the Company') the exploration and development company
focused in Brazil, announces that it has elected to terminate its share
purchase agreement ('the Agreement') with Guyana Frontier Mining Corp.
('Guyana Frontier') (TSX-V:GYG) for the sale of HM Brazil (IOM) LTD  which
holds Horizonte's interest in the Falcao gold project ('Falcao') in northern
Brazil to Guyana Frontier, currently under option to AngloGold Ashanti Ltd.
('AngloGold').

The Agreement  (see news  release  06.11.12) was  originally entered  into  by 
Horizonte in line with the Company's strategy of divesting and monetising  its 
gold assets to focus  on the development of  its flagship 100% owned  advanced 
Araguaia nickel  project  in  northern Brazil.  However,  subsequent  to  due 
diligence and review, the Board believes  that the transaction does not  offer 
the best value proposition  for the Company  and Horizonte shareholders.  The 
Company will continue to review and evaluate new gold opportunities both at  a 
project level and corporately.

About Horizonte Minerals:
Horizonte Minerals plc is an AIM and TSX listed exploration and development
Company with a portfolio of nickel and gold projects in the Carajas District
of Brazil. The Company is focussed on creating value by generating and
rapidly advancing exploration projects in tandem with joint ventures with
major mining companies, providing mid-term cash flow, which is then used to
develop the business and pipeline projects.

Horizonte has two committed major  mining partners: Teck Resources Limited,  a 
major strategic shareholder in the Company, and AngloGold, a JV partner on the
Falcao gold project.

Horizonte owns 100 per cent of the advanced Araguaia Nickel Project located to
the south of the Carajas mineral district of northern Brazil. The project  has 
defined a  resource  with size  and  grades comparable  to  other  world-class 
projects in  northern  Brazil and  the  Company has  completed  a  Preliminary 
Economic Assessment on the project which illustrates robust economics based on
low strip ratio, good infrastructure,  large mineral resource with two  viable 
alternatives for processing.

Horizonte is well funded to accelerate the development of its core project.

          CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION

Except for  statements of  historical fact  relating to  the Company,  certain 
information contained  in  this  press  release  constitutes  "forward-looking 
information"   under   Canadian   securities   legislation.    Forward-looking 
information includes, but is  not limited to, statements  with respect to  the 
potential of the Company's  current or future  property mineral projects;  the 
success of  exploration  and mining  activities;  cost and  timing  of  future 
exploration, production and development;  the estimation of mineral  resources 
and reserves and the ability of the Company to achieve its goals in respect of
growing its mineral  resources; and  the realization of  mineral resource  and 
reserve estimates. Generally, forward-looking information can be identified by
the use of forward-looking terminology such as "plans", "expects" or "does not
expect",  "is  expected",  "budget",  "scheduled",  "estimates",  "forecasts", 
"intends",  "anticipates"  or  "does   not  anticipate",  or  "believes",   or 
variations of  such words  and  phrases or  statements that  certain  actions, 
events or results "may", "could", "would", "might" or "will be taken", "occur"
or "be  achieved".  Forward-looking information  is  based on  the  reasonable 
assumptions, estimates, analysis and opinions  of management made in light  of 
its experience and its perception  of trends, current conditions and  expected 
developments, as well as other factors that management believes to be relevant
and reasonable in the circumstances at the date that such statements are made,
and are inherently subject to known and unknown risks, uncertainties and other
factors that may cause the actual  results, level of activity, performance  or 
achievements of the Company to be materially different from those expressed or
implied by  such forward-looking  information, including  but not  limited  to 
risks related to: exploration and  mining risks, competition from  competitors 
with greater  capital;  the  Company's  lack of  experience  with  respect  to 
development-stage mining operations; fluctuations  in metal prices;  uninsured 
risks; environmental and  other regulatory  requirements; exploration,  mining 
and other  licences;  the  Company's  future  payment  obligations;  potential 
disputes with respect to the Company's title  to, and the area of, its  mining 
concessions; the  Company's dependence  on its  ability to  obtain  sufficient 
financing in the future;  the Company's dependence  on its relationships  with 
third parties;  the  Company's  joint  ventures;  the  potential  of  currency 
fluctuations and political or economic instability in countries in which  the 
Company operates;  currency exchange  fluctuations; the  Company's ability  to 
manage its growth effectively; the trading  market for the ordinary shares  of 
the Company; uncertainty with  respect to the Company's  plans to continue  to 
develop its  operations and  new  projects; the  Company's dependence  on  key 
personnel; possible conflicts  of interest  of directors and  officers of  the 
Company, and various risks associated with the legal and regulatory  framework 
within which the Company operates.

Although management of the Company has attempted to identify important factors
that could cause actual results to  differ materially from those contained  in 
forward-looking information, there may be other factors that cause results not
to be as anticipated,  estimated or intended. There  can be no assurance  that 
such statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.

SOURCE Horizonte Minerals plc

Contact:

Visitwww.horizonteminerals.com or contact:

Jeremy Martin
Horizonte Minerals plc
Tel: +44 (0) 20 7763 7157

David Hall
Horizonte Minerals plc
Tel: +44 (0) 20 7763 7157

Joanna Weaving
finnCap Ltd (Corporate Broking)
Tel: +44 (0) 20 7220 0500

Matthew Robinson
finnCap Ltd (Corporate Finance)
Tel: +44 (0) 20 7220 0500

Felicity Edwards
St Brides Media & Finance Ltd (PR)
Tel: +44 (0) 20 7236 1177

Lottie Brocklehurst
St Brides Media & Finance Ltd
Tel: +44 (0) 20 7236 1177
 
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