Supreme Court issues Final Order to complete th...

For immediate release
11 July 2013
Serabi Gold plc
("Serabi" or the "Company")

Supreme Court issues Final Order to complete the Plan of Arrangement between Serabi Gold plc and Kenai Resources Limited

Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and exploration company, announces that on 10 July 2013 the Supreme Court of British Columbia ("Court") issued a final order approving the plan of arrangement ("the Arrangement" ) for Serabi to acquire the entire share capital of Kenai Resources Limited ("Kenai").  Assuming that all other conditions to closing have been satisfied or waived, the Arrangement is expected to become effective on or about 11 July 2013.

Under the Arrangement a total of 90,020,675 new ordinary shares of Serabi ("Serabi Shares") will be issued to the current shareholders of Kenai. Application has been made for the new Serabi Shares to be issued pursuant to the Arrangement to be admitted to trading on AIM, which is expected to commence on or about 16 July 2013. The new Serabi Shares will rank pari passu in all respects with the existing Serabi Shares.

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
Roland Cornish	Tel: [phone]
Michael Cornish	Tel: [phone]
Peel Hunt LLP UK Broker
Matthew Armitt	Tel: [phone]
Andy Crossley	Tel: [phone]
Blythe Weigh Communications Ltd Public Relations
Tim Blythe	Tel: [phone] Mobile: [phone]
Rob Kellner	Tel: [phone] Mobile: [phone]

Copies of this release 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 news release.

ENDS

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The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Serabi Gold plc via Thomson Reuters ONE

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