Drilling Report

Horizonte Minerals PLC
10 October 2006

        Horizonte Minerals plc / Index: AIM / Epic: HMZ / Sector: Mining

10 October 2006

              Horizonte Minerals plc ('Horizonte' or 'the Group')



               HORIZONTE INTERCEPTS 35 METRES GRADING 2.54 g/t Au
                       AT TANGARA BRAZILIAN GOLD PROJECT


Horizonte Minerals plc, the AIM listed exploration and development company
focused on Brazil and Peru, is pleased to announce positive results from the
first four holes of its 11 hole reconnaissance drill programme at its 100% owned
Tangara gold project in the Carajas Mineral Province, Brazil.  The results, with
highlights including 9.78g/t Au over 6.75 metres, indicate that the Company has
located a large scale mineralized system that needs to be defined with further
drilling to quantify the extent of its potential.


Highlights



•  DDH-4 - 36.25 metres averaging 2.54 g/t Au from 36.25 metres downhole
   including

•  6.75 metres grading 9.8 g/t Au and a second interval of 2 metres
   grading 6.0 g/t Au

•  Au-Cu-Zn-Ag-As values indicate large scale mineralized system


Drill hole DDH-4 intersected a broad zone of gold mineralization associated with
an interpreted breccia body hosted by mafic volcanics. The mineralization may be
related to a quartz feldspar porphyry intersected at the end of the hole. Gold
grades ranged from 47 ppb to a high of 22.2 g/t Au over 1.85 metres. The
weighted average of the zone being 37.28 metres grading 2.41 g/t Au with
associated elevated Cu, Pb, Zn, Ag and Mo.


   Drillhole     From        To      Interval     Au FA       Highlights
                                        (m)       (g/t)
    DDH-04        0         0.75       0.75         0.9
                36.25      71.38       35.13       2.54
   Including    36.25       38.1       1.85        22.27     6.75m @ 9.78g/t
                 38.1        40         1.9        5.69
                  40       41.51       1.51        7.02
                41.51        43        1.49         2.3
                  43         45          2         0.55

                  61         63          2         5.96        2m @ 5.96g/t
                  63         65          2         0.48
                  65         67          2         0.16
                  67       68.25       1.25        0.99       4.38m @ 1.4g/t
                68.25        70        1.75        1.72
                  70       71.38       1.38        1.31



Drill holes 1 to 3 tested the Graca target, some 750 metres north of DDH-4 and
intersected zones of elevated Cu and Zn and anomalous gold - with maximum values
of 1.7 g/t Au in Hole 1, 0.9 g/t Au in Hole 2 and 1.16 g/t Au in Hole 3. The
Company interpret this zone to be outboard of the main mineralization. A review
of all geochemistry will be undertaken when all results are received.


            Drillhole     From        To      Interval     Au FA   
                                                 (m)       (g/t)
             DDH-01        0          2           2         1.77
             DDH-02        0          2           2         0.95
                           2          6           4         0.46
             DDH-03        0          2           2         1.16
                           2          6           4         0.48
                           86         94          8         0.64



The Company drilled a total of 11 holes for a total of 1,235 metres. Drill holes
10 and 11 focused on targets some 750 metres west of DDH-4 while drill holes 5
to 9 lie a further 1,200 metres to the west. These results will be reported in
due course once all assays have been received.



Horizonte CEO Jeremy Martin said: 'We are highly encouraged by these grades and
look forward to receiving results from the remaining holes, which will enable us
to further quantify the mineralization. Tangara is one of our core exploration
projects located in a highly prospective and known region for discovery. We are
mobilising sample crews to carry out additional detailed soil sampling over the
target area and we are already planning follow-up drilling to the current
campaign. The results from DDH-4 demonstrate economic grades, which is
significant in a reconnaissance drill programme.



'Elsewhere we are awaiting results from our El Aguila drill programme in Peru,
which we believe will underline the potential the area possesses. It is our
intention to locate large scale ore bodies in proven districts and then farm in
majors, as we have done with Australian listed Troy Resources.'



Sampling, assaying, and QA/QC

Procedures adopted by Horizonte in the collection, preparation and storage of
samples from the auger drilling programme, conform to industry-wide best
practice and with chain of custody being observed for all samples. Analysis is
undertaken by ALS Labs at its laboratories in Vancouver, Canada, and the Company
maintains QA/QC on all analytical work via the inclusion of certified reference
materials and field duplicates and blanks, in addition to monitoring of the
laboratory's own internal check-analyses.



The above information has been reviewed and verified by Mr. Jeremy Martin, a
Director and Chief Executive of Horizonte, for the purposes of the Guidance Note
for Mining, Oil and Gas Companies issued by the London Stock Exchange in March
2006.  Mr. Martin, with six years of mining and management experience, graduated
with a degree in geology from the Camborne School of Mines, and an MSc in
mineral exploration from the University of Leicester and is a member in good
standing with the Society of Economic Geologists and the Institute of Mining
Analysts.



For further information visit:       www.horizonteminerals.com



Contacts

Jeremy Martin/David Hall    Horizonte Minerals plc         Tel: [phone]
David Paxton                Hichens Harrison               Tel: [phone]
Hugo de Salis               St Brides Media & Finance Ltd  Tel: [phone]
John Frain/Fergal Meegan    Davy                           Tel: [phone]





                                  * * ENDS * *



Notes to Editors:

Horizonte Minerals Plc is an AIM listed mineral resources exploration group
focused on the discovery, appraisal and development of gold and base metal
deposits in Brazil and Peru.  The Group has two gold exploration projects in
Brazil, and one silver-zinc-lead project in Peru. The two Brazilian gold
projects, Tangara and Falcao, are located to the south of the highly prospective
Carajas Mineral Province. Both projects cover an area of approximately 300 km(2)
and are centred over greenstone belts, with known gold mineralisation from
previous exploration. The scale of these project areas, the overall aerial
extent of the mineralised system and the high density and magnitude of related
gold anomalies (identified in river sediments, surface soils and rocks),
indicate the potential for multiple deposit discoveries. The silver-zinc-lead
project is located in the historic mining district of Cerro de Pasco in Central
Peru. Sampling and drilling on this project has demonstrated the high grade
potential of this project. The Group has a joint venture with Australian gold
producer Troy Resources NL's 70% owned local subsidiary Sertao Mineracao Ltda to
advance its Goias Velho gold exploration project in Brazil.




                      This information is provided by RNS
            The company news service from the London Stock Exchange