Rio Verde Shareholders Approve Merger with Wholly-Owned Subsidiary of B&A Mineracao S.A.

Rio Verde Shareholders Approve Merger with Wholly-Owned Subsidiary of B&A 
Mineracao S.A. 
TORONTO, ONTARIO -- (Marketwire) -- 03/06/13 -- Rio Verde Minerals
Development Corp. (TSX:RVD) ("Rio Verde" or the "Company") is pleased
to announce that holders (the "Shareholders") of the Company's
ordinary shares (the "Ordinary Shares") have approved the previously
announced merger (the "Merger") under Section 170 of the BVI Business
Companies Act, 2004 (as amended) involving the Company and B&A
Fertilizers Limited, a wholly-owned subsidiary of B&A Mineracao S.A.
("B&A"). The Merger will be completed pursuant to the arrangement
agreement (the "Arrangement Agreement"), dated December 13, 2012,
among the Company, B&A Fertilizers Limited and B&A. 
Stephen Keith, President & CEO, noted, "On behalf of the board of
directors and management of Rio Verde, I would like to take this
opportunity to thank all of our Shareholders for their support, from
Rio Verde's inception to today. We believe in the quality of the
assets and the team that we built, but we also feel strongly that
this was the best move to make for our Shareholders in these
difficult markets. We wish B&A success in continuing to explore,
develop and build out the various projects as a private Brazilian
At the meeting of Shareholders held today, approximately 99.7% of all
Shareholders present in person or represented by proxy and entitled
to vote at the meeting voted in favor of the resolution approving the
Merger. In addition, 99.3% of the Shareholders present in person or
represented by proxy and entitled to vote at the meeting, excluding
votes cast by all persons whose votes had to be excluded pursuant to
applicable securities laws, also voted in favor of the resolution
approving the Merger.  
Upon closing of the Merger, each former holder of Ordinary Shares
will receive C$0.40 in cash for each Ordinary Share held immediately
prior to the Merger becoming effective. Further details regarding the
Merger (including a copy of the Arrangement Agreement) may be found
in the management information circular of the Company dated December
13, 2012, a copy of which can be accessed on the System for
Electronic Document Analysis and Retrieval (SEDAR) under the
Company's profile at  
Assuming all 
conditions of the Arrangement Agreement are satisfied or
waived, the Company expects the Merger to become effective on or
about March 13, 2013. If the Merger is effected on such date, the
Ordinary Shares will be delisted from the Toronto Stock Exchange on
or about March 15, 2013. 
About Rio Verde 
Rio Verde Minerals Development Corp. is a publicly traded company
focused on the exploration and development of fertilizer projects in
Brazil. The Company's goal is to become the leading Brazilian
fertilizer mining and development company by selecting prime assets
that are near infrastructure, with known mineralization, in regions
without significant social or environmental issues. The Company plans
to fast-track the best projects to development to create stakeholder
Rio Verde holds one potash project and a portfolio of phosphate
projects in Brazil. Potash and phosphate fertilizers have favourable
supply and demand dynamics, and Rio Verde has a significant cost
advantage by being based in Brazil, a country that imports about 90%
of its potash and 50% of its phosphate needs. Rio Verde's near-term
primary objective is to focus its potash exploration on establishing
a Canadian National Instrument 43-101 resource. 
About B&A 
B&A Mineracao S.A. is a Brazilian mining company focused on the
exploration and development of iron ore, potash, phosphate, and
copper assets in Brazil, Latin America and Africa. The company is a
partnership between AGN Agroindustrial, Projetos e Participacoes
S.A., founded by Roger Agnelli - former CEO of Vale S.A. - along with
Mr Fabio Spina, and BTG Pactual - Brazil's largest independent
investment bank, with a market capitalization of US$ 13.3 billion.
Building on BTG's financial expertise and Mr. Agnelli's extensive
experience in mining, B&A is an innovative global mining company. 
Mr. Agnelli serves as B&A's Executive Chairman, with Mr. Eduardo
Ledsham serving as CEO. Mr. Ledsham has close to thirty years of
experience in the natural resources industry globally and acted as
Executive Director of Global Exploration, Capital Implementation and
Energy at Vale S.A. before joining B&A. 
Forward-Looking Statements 
This press release contains forward-looking statements. All
statements, other than of historical fact, that address activities,
events or developments that the Company believes, expects or
anticipates will or may occur in the future (including, without
limitation, statements regarding potential corporate transactions,
the estimation of mineral resources, exploration results, potential
mineralization, potential mineral resources and mineral reserves) are
forward-looking statements. Forward-looking statements are often
identifiable by the use of words such as "anticipate", "believe",
"plan", may", "could", "would", "might" or "will", "estimates",
"expect", "intend", "budget", "scheduled", "forecasts" and similar
expressions or variations (including negative variations) of such
words and phrases. Forward-looking statements are subject to a number
of risks and uncertainties, many of which differ materially from
those discussed in the forward-looking statements. Factors that could
cause actual results or events to differ materially from current
expectations include, among other things, without limitation, failure
to establish estimated mineral resources, the possibility that future
exploration results will not be consistent with the Company's
expectations, the price of potash and phosphate, changes to
regulations affecting the Company's activities, including tax and
trade laws and policies; delays in obtaining or failures to obtain
required regulatory permits and approvals from government
authorities; delays in commencing the Company's proposed drilling
program, exploration costs varying significantly from estimates;
uncertainties relating to the availability and costs of financing
needed to complete exploration activities and demonstrate the
feasibility of the Company's projects; the success of future
exploration and development initiatives; and other risks involved in
the mineral exploration and development industry. Any forward-looking
statement speaks only as of the date on which it is made and, except
as may be required by applicable securities laws, the Company
disclaims any intent or obligation to update any forward-looking
Rio Verde Minerals Development Corp.
Stephen Keith
President and CEO
+1 (416) 368-8288 
Rio Verde Minerals Development Corp.
Alex Penha
VP Corporate Development
+1 (416) 368-1573
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