Serabi Gold plc ("Serabi" or the "Company") Appointment of Director

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| Source: Serabi Gold plc

LONDON, July 7, 2014 (GLOBE NEWSWIRE) -- Serabi Gold plc (AIM:SRB) (TSX:SBI), the Brazilian focused gold mining and development company, is pleased to announce the appointment of Mr. Aquiles Alegria as Non-Executive Director of the Company with immediate effect.

Mr. Alegria has more than 20 years of experience in the mining industry and has acted as exploration manager in a number of mining companies, most recently as Deputy Manager at Antofagasta Minerals. Mr. Alegria graduated with a degree in geology from the Universidad de Chile.

Mr. Hector Aquiles Alegria Olate, aged 53, has held the following directorships and /or partnerships in the last 5 years:
 

Current Past
Inversiones Alegria Limitada Hampton Mining Pty Ltd
Sociedad Contractual Minera Adelaida Sociedad de Servicios y Estudios Geologicos y Ambientales Limitada
Asesorías de Geología y Exploración Minera Colectiva Civil Minera Andacollo Gold S.A.
   

Mr. Alegria currently holds 10,000 ordinary shares in Serabi representing approximately 0.002 per cent of the Company's issued share capital.

There is no further information on Mr. Alegria required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

Enquiries:

Serabi Gold plc  
Michael Hodgson Tel: +44 (0)20 7246 6830
Chief Executive Mobile: +44 (0)7799 473621
   
Clive Line Tel: +44 (0)20 7246 6830
Finance Director Mobile: +44 (0)7710 151692
   
Email: contact@serabigold.com  
Website:  www.serabigold.com  
   
Beaumont Cornish Limited
Nominated Adviser
 
Roland Cornish Tel: +44 (0)20 7628 3396
Michael Cornish Tel: +44 (0)20 7628 3396
   
Peel Hunt LLP
UK Broker
 
Matthew Armitt Tel: +44 (0)20 7418 9000
Ross Allister Tel: +44 (0)20 7418 9000
   
Blytheweigh
Financial PR
 
Tim Blythe Tel: +44 (0)20 7138 3204
Mobile: +44 7816 924626
Halimah Hussain Tel: +44 (0)20 7138 3204
Mobile: +44 7725 978141

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.