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Serabi Gold plc : Results of Annual General Meeting and Board Changes

For immediate release
16 June 2017
Serabi Gold Plc
("Serabi" or the "Company")

Results of Annual General Meeting and Board Changes

Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, announces that at the Annual General Meeting of the Company held on 15 June 2017, shareholders approved all the ordinary and special resolutions proposed in the notice of meeting dated 12 May 2017.

In compliance with Section 461.4 of the TSX Company Manual, this release also sets out the results of the vote for the election of directors at the Company's Annual General Meeting.

The individuals identified in the management information circular of the Company dated 12 May 2017 (the "Circular") as offering themselves for re-election and set forth below, were elected as directors of the Company.  The votes cast in respect of the re-election of each Director were as follows:

DIRECTOR VOTES
FOR
% VOTES
AGAINST
% VOTES
TOTAL
% of ISC* VOTED VOTES
WITHHELD
T Sean Harvey 407,518,750 100.00 3,085 0.00 407,521,835 58.33% 99,323
Eduardo Rosselot 407,609,083 100.00 3,585 0.00 407,612,668 58.34% 8,490
Aquiles Alegria 407,588,750 100.00 3,085 0.00 407,591,835 58.34% 29,323

* ISC - Issued Share Capital

The Company further advises that Mr. T. Sean Harvey has stepped down from his role as Chairman of the Board, but will remain as a non-executive director of the Company.  Mr. Mel Williams, will take over as Chairman with immediate effect.

Mr Michael Hodgson, the CEO of Serabi, commented;
"Sean has been Chairman of the Company since 2011, overseeing the Company's listing on the TSX, as well as the development and growth of the Company through what have been, at times, difficult markets conditions.  His knowledge and guidance has, and will continue to be, valuable.  Whilst he feels with his other commitments, he is no longer able to dedicate the time and effort he considers the role requires going forward, I am pleased that the Board will continue to benefit from his experience and counsel.  Mel Williams has been a Director of the Company since 2011 and the head of Serabi's Audit Committee.  He has been Finance Director for a number of gold mining companies through his career and as a result has a wealth of operational experience making him a strong replacement as Chairman."

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
Public Relations
 
Tim Blythe Tel: +44 (0)20 7138 3204
Camilla Horsfall Tel: +44 (0)20 7138 3224

/EIN News/ -- 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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