Mr. Michael Hodgson reports

DIRECTORATE CHANGE

Serabi Gold PLC has appointed Deborah Gudgeon as a non-executive director with immediate effect.

Ms. Gudgeon qualified as an ACA accountant at PricewaterhouseCoopers (Coopers & Lybrand) before spending eight years as finance executive with the Africa-focused mining and trading group Lonrho PLC. Ms. Gudgeon subsequently held positions with Deloitte, BDO, Gazelle Corporate Finance and Penfida Ltd. Ms. Gudgeon has significant experience in acting as an independent non-executive director having held that position at Ithaca Energy PLC, Petra Diamonds Ltd., Evraz PLC, Highland Gold Mining Ltd. and Acacia Mining PLC. As well as being an independent non-executive director, Ms. Gudgeon is or was also chair of the audit committee for each of these entities.

Michael Lynch-Bell, chair of Serabi, commented: "I am delighted to have Deborah join the board of directors of the company as an independent non-executive director. She brings very relevant experience to the board being familiar with the challenges of operating projects in the less developed parts of the world. She will take on the role of chair of the audit committee, the role of which will be extended to include broader matters of compliance and risk during the course of this year."

Ms. Gudgeon commented, "I am delighted to be joining the board of Serabi Gold at this pivotal moment for the company's development."

Further Alternative Investment Market disclosures on Ms. Gudgeon

As required under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies, further disclosures on Ms. Gudgeon are as follows. Deborah Jane Gudgeon, aged 62, has held the directorships and/or partnerships in the attached table for the past five years.

Current directorships and/or partnerships                 Past directorships and/or partnerships

Ithaca Energy PLC                                         Barrick TZ Ltd. (formerly known as Acacia Mining PLC) 
Petra Diamonds Ltd.                                       Evraz PLC
Conan Ltd.                                                Highland Gold Mining Ltd.
5 Wolseley Road Ltd. 

 
 

Ms. Gudgeon holds no ordinary shares in the company.

There is no further information on Ms. Gudgeon required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.