Raises GBP 2.19 million

Horizonte Minerals PLC
17 July 2007




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


17th July 2007



             Horizonte Minerals plc ('Horizonte' or 'the Company')
      Raises £2.19 million to develop resource projects in Brazil and Peru


Horizonte Minerals plc, the AIM listed exploration and development company with
mineral projects in Brazil and Peru, has raised £2.19 million through the issue
of 10,940,000 new ordinary shares of 0.1p each at 20 pence per share. The funds
raised, with existing as well as new institutional investors, will be utilised
primarily to fund the development of the Company's gold, silver, zinc and nickel
projects in identified mineral districts in Brazil and Peru.

Horizonte aims to fast track the exploration programmes on its three core
assets, the Tangara gold project and the Lontra nickel project in Brazil and the
El Aguila silver-zinc project in Peru.

At the Tangara gold project, the first phase drilling and follow-up detailed
surface soil sampling and ground Induced Polarization (IP) geophysical survey
have been completed. A 1,500m diamond drilling programme has commenced following
the definition of five new combined geophysical and geochemical gold targets.
The principal target has a total extent of over 1.2 kilometres.

The Lontra Nickel Project, situated in the Araguaia mobile belt, covers an area
of 25,556 hectares which flanks the eastern margin of the Carajas Mineral
Province of northern Brazil. The area is a new nickel laterite province with
several new major discoveries. Exploration work to date has defined 7 nickel
anomalies. A shallow auger drilling programme is scheduled to commence in the
next few weeks to determine the grade continuity and size extent of the
anomalies.

At the El Aguila silver-zinc project in Peru, work to date has concentrated on
increasing the target size at Pacos Hill and defining the Zona Sur targets for
drilling. The geological model developed for the Zona Sur, based on the recent
geophysical programme, has demonstrated excellent continuity between the
structural, geochemical and geophysical anomalies. A 2,000 meter diamond
drilling programme is planned for September to test the Zona Sur target area.

Commenting on the placing, CEO Jeremy Martin stated, 'We are very pleased to
announce this £2m placing which highlights the continued support that Horizonte
has from both institutional and individual shareholders. On the ground the
projects are developing well and we have an active 6 months ahead of us with
multiple drill programmes scheduled.  We are firmly focussed on our strategy of
generating new exploration projects which demonstrate the potential to host
large scale mineral systems. Our objective in the next six months is to have a
major company partner in place on both the Tanagra gold project and the El
Aguila silver, zinc project thereby proving our business model and crystallising
value for shareholders through organic growth. In addition, it is Horizonte's
aim to become the preferred exploration partner of the Major companies in
Brazil.'



                                * * ENDS * *



For further information visit www.horizonteminerals.com or contact:

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]




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's has two flagship gold exploration
projects in Brazil, and one silver-zinc-lead project in Peru as well as
additional gold, zinc and nickel exploration projects in Brazil. 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 sq km and are centred over greenstone belts, with known gold
mineralisation. 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 limited historic 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. Additional
projects include the 4,660 hectare on the prospective Achaean aged Crixas
greenstone belt, where multiple nickel-copper anomalies have been defined and
the 25,556 hectare Lontra Ni Project situated in the Araguaia mobile belt, which
flanks the eastern margin of the Carajas Mineral Province of northern Brazil.




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