Acquisition of additional land holdings

SERABI MINING plc ("Serabi" or "the Company")
                SIGNIFICANTLY INCREASES LAND POSITION
                     IN THE TAPJOS GOLD PROVINCE

Serabi Mining plc (AIM:SRB), the gold mining and exploration  company
with its operations  in Brazil,  announces that  it is  significantly
increasing its land holdings in the Tapajos.


  * The company is completing the process of obtaining additional
    exploration tenements in the Fazenda Pizon and Modelo districts,
    which would increase its holdings in the Tapajos since listing in
    2005 by 165% to 273,000 hectares.
  * The Pizon and Modelo projects are located on or adjacent to the
    Tocantinzinho trend, in an area known to host a number of
    significant gold deposits, including Serabi's Palito mine.
  * Initial exploration work in this general area has encouraged
    Serabi to consolidate its position in these highly prospective
    districts.


Since the company's  IPO on the  London Stock Exchange  AIM in  2005,
Serabi  Mining  has  continued  to  build  upon  it's  already   well
established strategic  position  in  the  Tapajos  gold  province  of
northern Brazil.  As  a result of the  latest applications that  have
been made, along  with other acquisitions  undertaken in the  interim
period, the Company  expects to  increase its holding  by 165%,  from
103,000 hectares to 273,000 hectares. In addition to other changes to
the company's portfolio, the focus  of this increase has centered  on
two gold districts at Fazenda Pizon and Modelo.

Located in the  Brazilian sate  of Amazonas, the  Pizon project  lies
along the north-west continuation  of the Tocantinzinho structure,  a
feature which hosts the Palito gold mine and numerous other  deposits
and prospects, including TSX listed Brazauro's Tocatinzinho project
and BrazMin's Sao Jorge deposit.  The Tocantinzinho shear zone  trend
extends over several hundred  kilometres in a north-west,  south-east
direction and is  believed to  control the  location of  much of  the
mineralisation in this area of the central Tapajos.
The Fazenda Pizon prospect was originally drilled by Rio Tinto in the
mid-1990's with some promising exploration success.  This included  a
diamond drill  hole  intercept  of  32 metres  @  5.32  g/t  with  an
interpreted true width of about 20 metres from near surface.  Initial
exploration  by  Serabi  at  the  Fazenda  Pizon  project  has  found
geological evidence of rhyolites,  tuffs, volcano clastics ,  shallow
marine sediments and felsic granitoid rocks, indicating the area  was
near a volcanic centre and possibly therefore has good potential  for
epigenetic and epithermal style gold deposits.

Considering   this   setting    and   encouraged   by    aeromagnetic
interpretation  combined  with   early  stage  exploration   success,
including positive gold  geochemical anomalies  outside the  original
Rio Tinto  and artisinal  work areas,  Serabi has  chosen to  further
enlarge the Fazenda Pizon prospect  from 10,000 hectares at the  time
of the IPO, to the current 120,000 hectares.

Located south-east of Pizon and adjacent to the Tocantinzinho  trend,
Serabi is also significantly increasing  its tenement package in  the
Modelo district.  This area exhibits a similar geological setting





to Pizon, with  an attractive  gold and  exploration history.   As  a
result  the  company's  interest  in  the  Modelo  district  will  be
increased from 10,000  hectares, to an  area of approximately  58,000
hectares.

Commenting on  this  development,  Graham Roberts,  the  Chairman  of
Serabi said:

"Following commissioning  of  the  Palito gold  mine  and  an  active
exploration  programme   already   underway,   Serabi   has   already
established itself as a lead player in the highly prospective Tapajos
gold region.  Seeking to build on this position we have  aggressively
sought to consolidate our position through the addition of a  further
170,000 hectares.    We will  seek  to continue  this  process  where
appropriate.

Supported by growing operational  and exploration activities,  Serabi
already has a  competitive advantage  in this  exciting gold  region,
which is  receiving increasing  interest  from other  companies.  The
growth of our tenement position across the region further strengthens
the Company's strategic position."

To view map  showing Serabi's  land holdings in  the Tapajos,  please
click on the link at the bottom of the page.


Enquiries


Serabi Mining plc                                                          Numis
Securities Limited
Graham Roberts          Tel:  [phone]                                John
Harrison         Tel: [phone]
Chairman                       Mobile:  [phone]                       James
Black           Tel: [phone]

Clive Line                  Tel: [phone]                         Parkgreen
Communications
Finance Director             Mobile: [phone]                        Clare
Irvine            Tel : [phone]

        Shannon Wiseman Tel : [phone]
E-mail:                       [e-mail]
Website:                    www.serabimining.com





Notes to Editors:

The  Tapajos  region  of  northern  Brazil  encompasses  an  area  of
approximately 100,000  km²,  primarily situated  in  south-west  Para
State.  It has a significant history of alluvial gold production with
estimated gold  production of  some 30  million ounces  having  being
recovered, primarily from artisanal workings.

Present in the Tapajos  since 1999, Serabi  has established the  only
'hard rock' mine in the region to date at its Palito gold mine, which
produced 39,197  ounces  of  gold equivalent  in  2006.    Commercial
production was achieved last October  at Palito, with cash costs  for
the fourth  quarter  of 2006  reported  at  $252 per  ounce  of  gold
equivalent.

Serabi already has a significant exploration programme focused on the
Tapajos region, owns and operates four surface drilling rigs and  has
its own assay laboratory.

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