REG-Corporate Update <Origin Href="QuoteRef">SRB.L</Origin>

Serabi GoldAnnouncement

14/04/2016 16:00

For immediate release 
               14 April 2016 
 
 Serabi Gold plc 
 ("Serabi" or the "Company") 
 Corporate Update 
 
 Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and
development company, provides an update on current corporate development.  
 
 As stated in its preliminary results announcement on 30 March 2016, Serabi's
record of turning projects into cash flow is attracting support for the Group
as it seeks further growth opportunities and that management have been active
in assessing a number of potential acquisition opportunities to take advantage
of recent market weakness.  The Company continues to consider and conduct its
own preliminary internal due diligence and assessment on potential
opportunities, including an underground producing gold mine asset, but there
are no agreements at this time and as there are other potentially interested
parties there is no certainty that any of these opportunities might actually
proceed. As previously announced, Serabi will also only pursue those
opportunities that can bring strong long term returns to existing shareholders
and in particular, if the Group's all-in sustaining costs of production (which
amounted to US$892 per ounce in 2015) would be lowered. 
 
 Enquiries: 
 
  Serabi Gold plc                                                                                 
  Michael Hodgson                                                     Tel: +44 (0)20 7246 6830     
  Chief Executive                                                     Mobile: +44 (0)7799 473621   
                                                                                                 
  Clive Line                                                          Tel: +44 (0)20 7246 6830     
  Finance Director                                                    Mobile: +44 (0)7710 151692   
                                                                                                 
  Email: contact@serabigold.com                                                                   
  Website:  www.serabigold.com                                                                   
                                                                                                 
  Beaumont Cornish Limited Nominated Adviser and Financial Adviser                                
  Roland Cornish                                                      Tel: +44 (0)20 7628 3396     
  Michael Cornish                                                     Tel: +44 (0)20 7628 3396     
                                                                                                 
  Peel Hunt LLP UK Broker                                                                         
  Matthew Armitt                                                      Tel: +44 (0)20 7418 9000     
  Ross Allister                                                       Tel: +44 (0)20 7418 9000     
                                                                                                 
  Blytheweigh Public Relations                                                                    
  Tim Blythe                                                          Tel: +44 (0)20 7138 3204     
  Camilla Horsfall                                                    Tel: +44 (0)20 7138 3224     
 Copies of this announcement are available from the Company's website at
www.serabigold.com . 
 
 Neither the Toronto Stock Exchange, nor any other securities regulatory
authority, has approved or disapproved of the contents of this announcement. 
 
 ENDS 
 

 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients. 
 The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein. 
 Source: Serabi Gold plc via Globenewswire 
 HUG#2003725