Corporate Update

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: [phone]
Chief Executive	Mobile: [phone]
Clive Line	Tel: [phone]
Finance Director	Mobile: [phone]
Email: [e-mail]
Website:  www.serabigold.com
Beaumont Cornish Limited Nominated Adviser and Financial Adviser
Roland Cornish	Tel: [phone]
Michael Cornish	Tel: [phone]
Peel Hunt LLP UK Broker
Matthew Armitt	Tel: [phone]
Ross Allister	Tel: [phone]
Blytheweigh Public Relations
Tim Blythe	Tel: [phone]
Camilla Horsfall	Tel: [phone]

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

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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

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