FEM

Ferrum Americas Mining Inc., (TSX VENTURE:FEM) ("Ferrum" or the "Company") is
pleased to announce that drilling on the Company's Cerro Rojo iron ore project
has returned wide intersections of banded iron formation grading approximately
50% Fe in four additional holes. This program is part of the inaugural drilling
underway at Cerro Rojo, which is located in eastern Bolivia, approximately 55
kilometres west of Puerto Suarez and the Hidrovia River system near Corumba,
Brazil. The Corumba Iron Ore District hosts a number of world class iron ore
deposits including Vale's Corumba mine and the large El Mutun deposit in
Bolivia.


Drill Results 

Hole CR12-05 was successful in extending known mineralization along strike by
200 metres from previous hole CR12-04. The remaining three holes were completed
as in-fill holes on a 200-metre spacing along strike. The eight holes completed
to date have outlined iron ore mineralization along 1,600 metres of the more
than 4 kilometres strike length of the mapped Cerro Rojo mineralized zone. 


Hole CR12-05 intersected 88.48 metres grading 49.4% Fe, including a higher grade
section of 68.28 metres grading 50.5% Fe. Complete results from this first phase
drill program are listed in the table below.




                          Cerro Rojo Drill Results                          
----------------------------------------------------------------------------
Hole               From (m)         To (m)   Interval (m) (1)    Grade (Fe%)
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
CR12-05                11.8         100.28              88.48           49.4
----------------------------------------------------------------------------
Incl.                  32.0         100.28              68.28           50.5
----------------------------------------------------------------------------
CR12-06                41.7         142.35             100.65           46.7
----------------------------------------------------------------------------
incl.                109.75         142.35               32.6           50.4
----------------------------------------------------------------------------
CR12-07                 0.6           73.2               72.6           48.0
----------------------------------------------------------------------------
incl.                 11.93           62.8              50.87           51.1
----------------------------------------------------------------------------
CR12-08                29.0           84.9               55.9           46.0
----------------------------------------------------------------------------
  (1)Intervals represent the down hole core intersection and, until more    
     data is available on the geometry of the mineralized zone, are not     
     considered true widths.                                                



Mineralization at Cerro Rojo occurs as a massive hematite-magnetite iron
formation overlying a Proterozoic basement sedimentary sequence. 


Ferrum continues to focus on outlining iron ore resources grading in excess of
50% Fe and which will be amenable to open pit mining.


A detailed drill hole location map, including a compilation of surface geology
and iron ore sample data from surface outcrops is available for review on the
Company's website at: www.ferrumamericas.com. 


Quality Control-Quality Assurance

Assaying is being carried out at ALS Minerals lab in Oruro, Bolivia for sample
preparation and analysis. ALS is a multinational company which operates to ISO
9001 quality assurance standards. All samples are HQ core and vary in length
from 1.5 to 4 metres. When received at ALS laboratory in Bolivia, the sample is
logged in the tracking system, weighed, dried and finely crushed to better than
70% passing a 2 millimetres (Tyler 9 mesh, US Std. No. 10) screen. A split of up
to 250 grams is taken and pulverized to better than 85% passing a 75 micron
(Tyler 200 mesh, US Std. No. 200) screen. These pulps are sent to ALS Chemex
Lima and grades are calculated from total Fe% sample assays completed using the
"High Grade/Ores Method" and XRF analysis. The QA/QC program included the
insertion of systematic standards, blanks and duplicate samples within every
sample batch submitted to ALS. In addition, ALS inserts its own duplicate
samples. The results from these control samples indicate an acceptable
consistency of analysis.


Community Relations

Ferrum continues to enjoy unprecedented community support in the Puerto Suarez
region of Bolivia. Considerable support was received from the communities near
Cerro Rojo, in particular Yacuses, which took a proactive approach in supporting
Ferrum's permit applications. This included letters of support and requests to
meet with government officials to support our project.


The regional centre of Puerto Suarez has also generously provided the use of the
town's road graders and other heavy equipment for site preparation. 


"Our community relations in Bolivia are a priority for us at Ferrum and our
policy is to ensure that as many economic benefits as possible flow from the
Cerro Rojo project to the local region," Nick Tintor, President and CEO of
Ferrum said. "This means hiring locally and buying supplies locally whenever we
can," he added.


Cerro Rojo Project

Cerro Rojo is a large Neoproterozoic banded iron formation which is part of the
regional iron ore trend extending into Bolivia from the world class
Corumba-Urucum iron ore fields located 75 kilometres to the east in Brazil.
Cerro Rojo strikes for more than 4 kilometres and has been mapped for more than
1,000 metres along its dip slope. 


Preliminary metallurgical test work completed by Ferrum generated excellent
results suggesting iron ore from Cerro Rojo will liberate well and can be
upgraded to produce a product of attractive iron grade. The test work shows that
an excellent quality iron concentrate can be produced at a relatively coarse
grind size and with a high mass yield. (See Press Release date January 19, 2012
for complete details of the metallurgical test work).


Logistics

Cerro Rojo is located approximately 55 kilometres from Puerto Suarez which is
located on the Hidrovia river system, the Mississippi of Latin America according
to The World Bank(1). Large barge convoys are currently used to transport iron
ore down river to off load sites in Argentina.


Vale and MMX, both operating in the Corumba-Urucum Iron Ore District in Brazil
across from Puerto Suarez, are currently shipping more than 8 million tonnes of
iron ore annually utilizing barge tug convoys on the Hidrovia.




   (1) "Strengthening Bolivia's Competitiveness-Export Diversification and  
       Inclusive Growth" A World Bank Country Study, 2009, The World Bank   



About Ferrum Americas Mining

Ferrum Americas is focused on developing low capital expenditure iron ore
projects in the Americas which are characterized by access to logistics and
transportation to markets and relatively simple beneficiation processing
requirements. 


Ferrum Americas has rights to acquire a 98% interest in the Cerro Rojo iron ore
project in Bolivia. Located 600 kilometres east of Santa Cruz and approximately
55 kilometres from Puerto Suarez and the Hidrovia river system near Corumba,
Brazil, Cerro Rojo is a large banded iron formation striking for more than 4
kilometres, according to reports prepared by Rio Tinto in 1999 and verified by
Ferrum.


Mr. Alain Vachon, P.Geo., the Company's Qualified Person as defined by National
Instrument 43-101, has reviewed and approved the contents of this press release.


Forward Looking Statements

This news release may contain forward-looking statements that are based on
Ferrum Americas Mining Inc.'s expectations, estimates and projections regarding
its business and the economic environment in which it operates. These statements
are not guarantees of future performance and involve risks and uncertainties
that are difficult to control or predict. Therefore, actual outcomes and results
may differ materially from those expressed in these forward-looking statements
and readers should not place undue reliance on such statements. Statements speak
only as of the date on which they are made, and the Company undertakes no
obligation to update them publicly to reflect new information or the occurrence
of future events or circumstances, unless otherwise required to do so by law.

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