Multi-Billion Iron Ore Project in Brazil is Underway

Public Private Partnership Success in Brazil - Developing of one of the largest iron ore reserves in the North of Brazil

FOR IMMEDIATE RELEASE

Jan 06, 2011 – Athena Holdings LLC, a private American investment company which is developing an iron ore port terminal in Rio de Janeiro (one of the most important iron ore port projects in this region), and also is developing the Brazilian Iron Ore project called JATAPU, announced to its investors, and to the market in general that was granted in December, a key license for the exploration of its iron ore reserves in Brazil. The JATAPU Project, which will consist of an integrated iron ore system with a world class mine, beneficiation plant, pipeline and a possible port terminal in the north of Brazil.

According to Mr. Jefferson Michaelis, BTCC Chamber of Commerce president who was specially assigned in the United States with a mission to travel to Brazil to personally assist the American group, said that this award shows a concrete success case to the international community. According to the president, the Brazilian public sector is actively supporting and working with (serious) investors like Athena Holdings thus creating a series of amazing new business avenues, and job opportunities between both countries.