Directorate and Management Changes

Serabi Gold

02/01/2025 07:00

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Directorate and Management Changes

Serabi Gold plc (“Serabi” or the “Company”) (AIM: SRB, TSX: SBI, OTCQX
: SRBIF), confirms that as announced on 20 August 2024, Clive Line, Finance
Director of Serabi, has retired and consequently stood down from his role with
Serabi and as a Director of the Company with effect from 31 December 2024.

The Board is pleased to confirm the appointment of Colm Howlin, who was
previously Group Controller of Serabi, to the role of Chief Financial Officer
(“CFO”) of the Company to succeed Clive Line.   Colm Howlin, is a member
of the Institute of Chartered Accountants of Ireland, has been with the
Company since 2013, and is fluent in Portuguese.

The Company also is pleased to announce the appointment of Marcus Brewster to
the newly created role of Chief Operating Officer (“COO”). Marcus Brewster
brings with him significant experience and expertise in both underground and
surface mining operations, as well as advancing projects from the latter
stages of construction through to full operations. For the last two years,
Marcus Brewster was COO of TriStar Gold Inc which is developing the Castelo do
Sonhos Project in the State of Pará, Brazil. Prior to that, Marcus Brewster
held General Manager roles with Troy Resources in Brazil, Gold Fields, in
Ghana, Endeavour Mining in both Mali and Burkina Faso and also served as COO
for Hummingbird Resources Plc.   Marcus Brewster holds an MSc in Mining
Geology and an MSc in Mining Engineering, both from the Camborne School of
Mines, and is also fluent in Portuguese.

Neither Mr Howlin nor Mr Brewster are being appointed to the Board of
Directors of the Company.

Michael Hodgson, CEO of Serabi, commented:

“Clive will be much missed by all at Serabi. It has a been a pleasure to
work alongside him and I would like to thank him for his very significant
contributions to the business during his tenure. Having been with the Company
for over 11 years, Colm Howlin is well qualified to take over as the
Company’s CFO and to maintain the necessary level of financial discipline
over our operations. I am also very pleased to welcome Marcus Brewster to the
management team. Having worked with Troy Resources and TriStar Gold, Marcus
brings significant experience of operating in Pará. As we seek to grow the
production base and aim to develop other opportunities, Marcus will play a
crucial role in the on-going success of Serabi.”

Clive Line has agreed with the Board to remain available to assist the Company
as required for a period of up to a further six months.

About Serabi Gold plc
Serabi Gold plc is a gold exploration, development and production company
focused on the prolific Tapajós region in Pará State, northern Brazil. The
Company has consistently produced 30,000 to 40,000 ounces per year with the
Palito Complex and is planning to double production in the coming years with
the construction of the Coringa Gold project. Serabi Gold plc recently made a
copper-gold porphyry discovery on its extensive exploration licence. The
Company is headquartered in the United Kingdom with a secondary office in
Toronto, Ontario, Canada.

Enquiries

SERABI GOLD plc
Michael Hodgson        t +44 (0)20 7246 6830
Chief Executive        m +44 (0)7799 473621

Andrew Khov         m +1 647 885 4874
Vice President, Investor Relations & 
Business Development
        e contact@serabigold.com

        www.serabigold.com

BEAUMONT CORNISH Limited
Nominated Adviser & Financial Adviser
Roland Cornish / Michael Cornish        t +44 (0)20 7628 3396

PEEL HUNT LLP
Joint UK Broker
Ross Allister        t +44 (0)20 7418 9000

TAMESIS PARTNERS LLP
Joint UK Broker
Charlie Bendon/ Richard Greenfield        t +44 (0)20 3882 2868

CAMARCO
Financial PR - Europe
Gordon Poole / Emily Hall                t +44 (0)20 3757 4980

HARBOR ACCESS 
Financial PR – North America
Jonathan Patterson / Lisa Micali                t +1 475 477
9404

Copies of this announcement are available from the Company's website at
www.serabigold.com.

See www.serabigold.com for more information and follow us on twitter
@Serabi_Gold

Notice
Beaumont Cornish Limited, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting as nominated adviser to
the Company in relation to the matters referred herein. Beaumont Cornish
Limited is acting exclusively for the Company and for no one else in relation
to the matters described in this announcement and is not advising any other
person and accordingly will not be responsible to anyone other than the
Company for providing the protections afforded to clients of Beaumont Cornish
Limited, or for providing advice in relation to the contents of this
announcement or any matter referred to in it.

Neither the Toronto Stock Exchange, nor any other securities regulatory
authority, has approved or disapproved of the contents of this news release