Directorate change

Serabi Gold

09/05/2023 07:00

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For immediate release
9 May 2023

Serabi Gold Plc (“Serabi” or the “Company”)
Directorate Change

Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and
development company, is pleased to announce the appointment of Deborah Gudgeon
as a Non-executive Director with immediate effect.

Ms Gudgeon qualified as an ACA accountant at PwC (Coopers & Lybrand) before
spending eight years as Finance Executive with the Africa-focused mining and
trading group Lonrho plc. Ms Gudgeon subsequently held positions with
Deloitte, BDO, Gazelle Corporate Finance and Penfida Limited. Ms Gudgeon has
significant experience in acting as an independent non-executive director
having held that position at Ithaca Energy plc, Petra Diamonds Limited, Evraz
plc, Highland Gold Mining Limited and Acacia Mining plc. As well as being an
independent non-executive director, Ms Gudgeon is or was also chair of the
audit committee for each of these entities.

Michael Lynch-Bell, Chair of Serabi commented:

“I am delighted to have Deborah join the Board of Directors of the Company
as an independent Non-executive Director. She brings very relevant experience
to the Board being familiar with the challenges of operating projects in the
less developed parts of the world. She will take on the role of Chair of the
Audit Committee, the role of which will be extended to include broader matters
of compliance and risk during the course of this year.”

Deborah Gudgeon commented:

" I am delighted to be joining the board of Serabi Gold at this pivotal moment
for the company's development "

Further AIM Disclosures on Ms Gudgeon

As required under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for
Companies, further disclosures on Ms Gudgeon are as follows.

Deborah Jane Gudgeon, aged 62, has held the following directorships and/or
partnerships in the past five years:

 Current directorships and/or partnerships                                       Past directorships and/or partnerships                                                                        
 Ithaca Energy PLC Petra Diamonds Limited Conan Limited 5 Wolseley Road Limited  Barrick TZ Limited ( f.k.a . Acacia Mining plc) Evraz PLC Highland Gold Mining Limited                        

Ms Gudgeon holds no ordinary shares in the Company.

There is no further information on Ms Gudgeon required to be disclosed under
Schedule Two, paragraph (g) of the AIM Rules for Companies.

Enquiries

 SERABI GOLD plc                                                                                              
 Michael Hodgson, Chief Executive                                t + 44 (0)20 7246 6830 m +44 (0)7799 473621  
 Clive Line, Finance Director                                    t + 44 (0)20 7246 6830 m +44 (0)7710 151692  
 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                                                                                         
 Gordon Poole / Emily Hall                                       t +44 (0)20 3757 4980                        

A copy of this announcement is available from the Company’s website at
www.serabigold.com

ENDS