Amsterdam, 24 August 2016 (Regulated Information) --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") is pleased to announce that AMG Mineração has acquired the remaining 49.9% interest in their unincorporated feldspar partnership from Colorminas, Brazil. The partnership between AMG Mineração and Colorminas was established in 2003 with the objective of producing and commercializing feldspar from tailings generated from AMG Mineração's tantalum operations.

"The acquisition is in line with AMG's strategy to streamline its organizational structure and enables AMG Lithium to eventually expand production, subject to the completion of a feasibility study and management approval, from the previously announced initial annual production capacity of 90,000 tons of lithium concentrate up to 140,000 tons of lithium concentrate," said Mr. Fabiano Costa, President of AMG Mineração.

AMG Mineração's Mibra mine produces 300,000 pounds of high purity tantalum oxides (Ta2O5) in concentrates annually primarily for use in capacitors for the electronics industry and produces 180,000 tons of feldspar for the local ceramics and glass industry.

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AMG EUR 17,715 +45ct vol. 49,701