Change of Adviser

Sula Iron & Gold plc / Index: AIM / Epic: SULA / Sector: Natural Resources 10 October 2013 Sula Iron & Gold plc (`Sula' or `the Company') Appointment of Broker The Company is pleased to announce the appointment of Daniel Stewart & Company plc as sole corporate broker to the Company with immediate effect. **ENDS** For further information please visit www.sulairongold.com or contact the following: Nick Warrell Sula Iron & Gold plc +44 (0) 7811 447830 James Caithie / Avi Cairn Financial Advisers LLP +44 (0) 20 7148 7900 Robinson Martin Lampshire / David Daniel Stewart & Company Plc +44 (0) 20 7776 6550 Hart Felicity Edwards / St Brides Media and Finance +44 (0) 20 7236 1177 Charlotte Heap Ltd Notes Sula Iron & Gold plc is a multi commodity exploration company focussed on West Africa. The Company's main objective is to explore and advance its Ferensola Project, in Northern Sierra Leone, which is highly prospective for iron and gold. Sula is currently focussed on delineating a maiden JORC compliant iron resource and proving up the gold mineralisation in 2014, by conducting soil geochemistry and ground geophysics prior to a diamond drilling programme, in order to maximise the Licence area's value potential. The 153 sq km licence area is contiguous to African Minerals' operational Tonkolili Iron Mine, which has a JORC compliant resource of 12.8 billion tonnes Fe. Exploration work at the project has confirmed the presence of Banded Iron Formation (`BIF') at surface, which has a known strike length of 3.1km. The BIF is proven to extend NE from the Tonkolili licence into Sula's licence area. A 2,000m scout drilling programme conducted over a 2.2km section of BIF, confirmed the Licence area's prospectivity for consistently high grade iron mineralisation. An exploration target of 500 million tonnes at 30.4% iron for magnetite and 55% iron for hematite has been given by exploration consultants SRK Exploration Services Ltd. Significant Greenstone Belt-style gold mineralisation has also been identified at various prospects within the licence area. Five target areas for hard rock gold mineralisation have been identified based on the location of historic drill intercepts, the source areas for alluvial gold deposits, and the position of major structures as defined by airborne magnetic data and drainage orientation.
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