Director/PDMR Shareholding

19 August 2014

                             Sula Iron & Gold plc                              

                           ("Sula" or the "Company")                           

                           Directors' Shareholdings                            

Sula Iron & Gold plc (AIM:SULA), the exploration and development company
focused on iron ore and gold in Sierra Leone, announces that, on 18 August
2014, certain Sula directors acquired ordinary shares in the Company, details
of which are provided in the table below.

Director         Number of    Number of    Price (p)     Number of  % of issued
               shares held       shares                shares held        share
                previously     acquired                  currently      capital
                                                                               
Matt Wood          444,444      217,864        2.300       662,308         0.24
                                                                               
Andrew Dacey             -      100,000        2.245       100,000         0.04

For further information please visit www.sulaironandgold.comor contact the
following:

Nick Warrell / Matt Wood       Sula Iron & Gold plc       [phone] 
                                                                               
James Caithie / Avi Robinson   Cairn Financial Advisers   [phone] 
                               LLP                                             
                                                                               
Martin Lampshire               Daniel Stewart & Company   [phone] 
                               Plc                                             
                                                                               
Dominic Barretto / Kelsey      Yellow Jersey PR           [phone]  
Traynor