Discussion of the results of the airborne geophysical surveys on the Sao Domingos building and the financial schedule for 2022

Serabi Gold plc

For immediate release

21 February 2022

Serabi Gold plc
(“Serabi” or the “Company”)

Mike Hodgson to discussare results of airborne geophysical surveys over Sao Domingos building.
Financial calendar for 2022

Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian gold mining and development company, informs that Mike Hodgson, CEO of Serabi, conducted an interview with BRR Media in which he discusses the study recently announced airborne geophysics that covers the Sao Domingos building acquired by Serabi in 2020. The completion of the survey is a significant milestone for the company as it means that the entire Palito complex has airborne geophysical coverage.

The Company also presents its planned financial reporting schedule for 2022.

A link to interview accessible via the following link https://www.brrmedia.co.uk/broadcasts/620e141526d01a4c0553ef6e/serabi-gold-update-on-sao-domingos/

Strong points of the Sao Domingos survey

  • Serabi acquired the Sao Domingos concession in late 2019, a prospective area with multiple gold occurrences and artisanal activity, but no systematic exploration to date.

  • The results show that the Mata Cobra magnetic trend, which dominates the central part of the Palito complex and exhibits coincident copper and gold anomalies in the soils, extends to the Sao Domingos property.

  • The Sao Domingos extension of the magnetic trend coincides with numerous significant mineral occurrences and past and present artisanal mining activity.

  • The Toucano Trend is one such artisanal mining mineral occurrence, which Serabi drilled prior to the airborne survey. Initial drilling at the Toucano prospect in Sao Domingos recorded very high intersections, including visible gold in hole 21-SD-010, which returned a number of intersections, including 7.15 meters at 258 .24 grams per tonne (“g/t”) of gold (press release dated April 7, 2021)

  • Analysis of the survey data continues, with several new targets now being delineated for follow-up exploration, as the survey brings much greater clarity and focus to the exploration effort ahead.

Calendar of financial reports 2022

The Company also indicates that it will continue to publish unaudited quarterly financial results during the year. The Company expects its reporting schedule for 2022 to be:

Annual audited financial statements for the year ended December 31, 2021

April 22, 2021

First Quarter 2022 Unaudited Financial Statements

May 31, 2022

Second Quarter 2022 Unaudited Financial Statements

August 31, 2022

Third Quarter 2022 Unaudited Financial Statements

November 30, 2022

The person who arranged for the publication of this announcement on behalf of the company was Clive Line, Director.

Requests:

Serabi Gold plc

Michael Hodgson

Tel: +44 (0)20 7246 6830

General manager

Mobile: +44 (0)7799 473621

Clive line

Tel: +44 (0)20 7246 6830

Finance director

Mobile: +44 (0)7710 151692

Email: [email protected]

Website: www.serabigold.com

Beaumont Cornish Limited
Appointed Advisor and Financial Advisor

Roland Cornish / Michael Cornish

Tel: +44 (0)20 7628 3396

Peel Hunt LLP
Joint broker in the UK

Ross Allister/Alexander Allen

Tel: +44 (0)20 7418 9000

Tamesis Partners LLP
Joint broker in the UK

Charlie BendonRichard Greenfield

Tel: +44 (0)20 3882 2868

Camarco
Financial Public Relations

Gordon Poole / Emily Hall

Tel: +44(0) 20 3757 4980

Copies of this announcement are available on 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 content of this announcement.

To see www.serabigold.com for more information and follow us on twitter @Serabi_Gold

Declaration of qualified persons
The scientific and technical information contained in this announcement has been reviewed and approved by Michael Hodgson, a director of the Company. Mr. Hodgson is an economic geologist by training with over 26 years of experience in the mining industry. He holds a BSc (Hons) Geology from the University of London, an MSc Mining Geology from the University of Leicester and is a Fellow of the Institute of Materials, Minerals and Mining and a Chartered Engineer of the Engineering Council of UK, recognizing him as both a Qualified Person for the purposes of National Instrument 43-101 and the AIM guidance note on mining, oil and gas companies dated June 2009.

Forward-looking statements
Certain statements contained in this announcement are, or may be deemed to be, forward-looking statements. Forward-looking statements are identified by the use of words and expressions such as “believe”, “could”, “should”, “intend”, “estimate”, “intend”, “could”. ”, ”plan”, ”will” or the negative thereof, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical fact, but rather on the Directors’ current expectations and assumptions regarding the Company’s future growth, results of operations, performance, future capital expenditures and other expenditures (including the amount, nature and sources of financing thereof), competitive advantages, business prospects and opportunities. These forward-looking statements reflect the directors’ current beliefs and assumptions and are based on information currently available to the directors. A number of factors could cause actual results to differ materially from the results referred to in the forward-looking statements, including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions of governmental authorities, availability of capital markets, dependence on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the Company’s control. Although the forward-looking statements contained in this announcement are based on what the Directors consider to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward-looking statements.

ENDS

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