RIO DE JANEIRO, BRAZIL--(Marketwire - July 22, 2008) - MMX Mineração e Metálicos S.A. ("MMX" or the "Company") (BOVESPA: MMXM3) (TSX: XMM), in the light of news recently published by the press regarding supposed illegal practices in the Company's charcoal purchasing procedures for MMX Metálicos Corumbá Ltda., hereby publicly declares that:

MMX acknowledges the legitimacy of the Brazilian society's concern in relation to the production and sale of charcoal and recognizes that this attitude reflects the country's desire to protect its natural heritage. In view of this, MMX clarifies that all the charcoal purchasing procedures adopted by the Company complies with the law and represents its commitment to develop its activities in accordance with the law and with the highest environmental and employment standards.

MMX is unaware of any investigative procedure by the Federal Police and the Federal Public District that could link the Company's activities to crimes, such as fraud, bribery or the falsification of documents, the practice of which or participation in which the Company strongly refutes.

Aiming at total transparency, MMX has decided to make its procedures and documents related to the charcoal purchase in Mato Grosso do Sul State available for public appreciation. Therefore, the Company will hire an audit to be performed by an independent and recognized company, committing itself to make the results of this work public. Furthermore, the Company proposes to discuss the scope of the audit by means of a public meeting with the civil society.

Remaining loyal to its commitment to the environment, MMX affirms that it shall take all and every appropriate and necessary measures to guarantee complete and unrestricted compliance with the environmental laws, aiming at ensuring the standards of environmental excellence on which its activities have always been based.

MMX seeks to bring clarification to the Brazilian society, in line with its own principles and values, which the basic premise is transparency as a way to build sustainability.

MMX Mineração e Metálicos S.A.

Nelson José Guitti Guimarães
Chief Financial and Investor Relations Officer

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