Drilling Programme at Palito Commences

SERABI MINING plc
                          ("Serabi" or "the Company")

                     DRILLING PROGRAMME AT PALITO COMMENCES

The Board of Serabi Mining plc, the AIM-listed gold exploration company, is
pleased to advise that the proposed 7,500 metre discovery drilling programme
over the previously announced nine target areas, has now commenced.

The Company's drilling contractor arrived on site on 18 December and drilling
operations commenced on 20 December.

Mike Hodgson, Chief Executive, commented:

"We are very pleased that this programme is now underway.  We believe that the
drilling of the first target can be completed in early February and results will
be released once assay results have been received from an independent
laboratory.  We plan to provide regular progress reports as work on individual
targets is completed."


A map showing the drill target locations is attached to this release.

Enquiries:


 Serabi Mining plc

 Michael Hodgson                   Tel: [phone]

 Chief Executive                   Mobile: [phone]



 Clive Line                        Tel: [phone]

 Finance Director                  Mobile: [phone]



 Email: [e-mail]

 Website:  www.serabimining.com



 Beaumont Cornish Limited
 Nominated Adviser

 Roland Cornish                    Tel: [phone]

 Michael Cornish                   Tel: [phone]



 Fraser Mackenzie Limited
 Canadian Broker

 JC St-Amour                       Tel: [phone]



 Hybridan LLP
 UK Broker

 Claire Noyce                      Tel: [phone]



 Farm Street Communications
 Public Relations

 Simon Robinson                    07593 340107



Copies of this release are available from the company's website
www.serabimining.com.




MAP SHOWING DRILL TARGET LOCATIONS: 


http://hugin.info/137617/R/1474362/410643.jpg




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Source: Serabi Mining plc via Thomson Reuters ONE

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