Horizonte Minerals Closes Second and Final Tranche of £9 Million Fundraise for Araguaia Feasibility Study

LONDON, UNITED KINGDOM--(Marketwired - Dec 2, 2016) - Further to its news releases dated 1 November 2016 and 29 November 2016, Horizonte Minerals Plc, (AIM:HZM) (TSX:HZM) ('Horizonte' or 'the Company') is pleased to announce that it has completed the second and final tranche of the approximately £9 million placing (the 'Placing') by issuing 76,000,000 Placing Shares for aggregate gross proceeds of C$2,477,600. The proceeds from the Placing will be used by Horizonte to fund a Feasibility Study at its 100% owned Araguaia Nickel Project in Brazil ('Araguaia' or 'the Project').

Further Information

The Company now has 1,171,934,300 Ordinary Shares in issue. The total voting rights will therefore be 1,171,934,300 and Shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure and Transparency Rules.

Admission to the AIM market of the London Stock Exchange of the Placing Shares issued in the second tranche of the Placing will be effective at 8:00 a.m. on 5 December 2016. The Toronto Stock Exchange ('TSX') has conditionally approved the Placing subject to fulfilling all of the listing requirements of the TSX.

Capitalised terms not otherwise defined in this announcement shall have the same meaning ascribed to such terms in the Circular sent to shareholders on 1 November 2016 and available under the Company's profile on SEDAR at www.sedar.com, unless the context requires otherwise.

For further information visit www.horizonteminerals.com.

About Horizonte Minerals:

Horizonte Minerals Plc is an AIM and TSX-listed nickel development company focused in Brazil, which wholly owns the advanced Araguaia nickel laterite project located to the south of the Carajás mineral district of northern Brazil. The Company is developing Araguaia as the next major nickel mine in Brazil, with targeted production by 2019.

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.

Contact

Jeremy Martin
Horizonte Minerals Plc
+44 (0) 20 7763 7157
David Hall
Horizonte Minerals Plc
+44 (0) 20 7763 7157
Joanna Scott
finnCap Ltd (Corporate Broking)
+44 (0) 20 7220 0500
Christopher Raggett
finnCap Ltd (Corporate Finance)
+44 (0) 20 7220 0500
James Thompson
finnCap Ltd (Corporate Finance)
+44 (0) 20 7220 0500
Anthony Adams
finnCap Ltd (Corporate Finance)
+44 (0) 20 7220 0500
Damon Heath
Shard Capital Stockbrokers (Joint Broker)
+44 (0) 20 7186 9952
Erik Woolgar
Shard Capital Stockbrokers (Joint Broker)
+44 (0) 20 7186 9952
Lottie Brocklehurst
St Brides Partners Ltd (PR)
+44 (0) 20 7236 1177
Elisabeth Cowell
St Brides Partners Ltd (PR)
+44 (0) 20 7236 1177