Atlas Lithium Corp (ATLX)

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BRAZIL MINERALS STRENGTHENS ITS BALANCE SHEET

BELO HORIZONTE, BRAZIL--(April 12, 2021) - Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "Brazil Minerals"), the Strategic Mineral Resources Company for the Green Energy Revolution, is pleased to announce that its Board of Directors amended the Bylaws of the Company with the addition of a new article which specifically prohibits Brazil Minerals from issuing any convertible debt that has a downward convertible price adjustment.

Marc Fogassa, CEO of the Company, commented, “We are close to eliminating all third-party convertible debt in the Company. It was used when other options were nonexistent. The change in Bylaws announced today ensures that once such debt is removed, it will never be used again.”

As announced on its latest Annual Report on Form 10-K, the Company has provided a 60-day mandatory redemption notice to a private trust which holds a convertible note in the original principal amount of $244,000 and such note will be repurchased in May 2021. Thereafter, the only remaining third-party debt with convertible features will be a $270,000 note which is current and has a maturity date in January 2025.

About Brazil Minerals, Inc.

Brazil Minerals, Inc. (OTC: BMIX) is focused on essential and strategic minerals for the Green Energy Revolution with 100%-owned projects in hard-rock lithium, rare earths, titanium, and nickel/cobalt. Additionally, Brazil Minerals has interests in iron through a 60% equity ownership of Apollo Resources Corporation and in gold through a 30% equity ownership of Jupiter Gold Corporation (OTCQB: JUPGF). Follow us on Twitter: @BMIXstock.