Change of Registered Office

Sula Iron & Gold plc / Index: AIM / Epic: SULA / Sector: Natural Resources   

13 February 2014

                             Sula Iron & Gold plc                              

                          Change of Registered Office                          

Sula Iron & Gold plc, a multi-commodity exploration company focussed on Sierra
Leone, wishes to announce that its registered office address has changed to 201
Temple Chambers, 3 -7 Temple Avenue, London EC4Y 0DT with immediate effect.

                                   **ENDS**                                    

For further information please visit www.sulairongold.com or contact the
following:

Nick Warrell                Sula Iron & Gold plc           [phone] 
                                                                               
Matt Wood                   Sula Iron & Gold plc           [phone]
                                                                               
James Caithie / Avi         Cairn Financial Advisers LLP   [phone]
Robinson                                                                       
                                                                               
Martin Lampshire / David    Daniel Stewart & Company Plc   [phone]
Hart                                                                           
                                                                               
Felicity Edwards /          St Brides Media and Finance    [phone]
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 153 sq km
Ferensola Project, in Northern Sierra Leone, which is highly prospective for
iron and gold. The Company is focussed on delineating a maiden JORC compliant
iron resource both on the DSO and magnetite in 2014, and proving up the gold
mineralisation in order to maximise the Ferensola's value potential. An
exploration target of 500 million tonnes at 30.4% iron for magnetite has been
given by exploration consultants SRK Exploration Services Ltd.

Exploration work at Ferensola has confirmed the presence of Banded Iron
Formation (`BIF') at surface, which has a known strike length of 3.1km.
Significantly, the BIF is proven to extend NE from African Mineral's 12.8
billion tonne operational Tonkolili iron mine, into Sula's licence area, which
is located contiguously to Tonkolili. Furthermore, a 2,000m scout drilling
programme conducted over a 2.2km section of BIF in July 2013, confirmed
consistently high grade iron mineralisation at Ferensola.

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. Field work has been carried out recently and, following the
processing and interpretation of all geophysical and assay results, Sula will
be able to define robust drill targets at two principal target areas - the
Lagunda and Yanfarina prospects. Further targets are yet to be explored.