Fatality at Coringa Mine

Serabi Gold plc (“Serabi” or the “Company”) (AIM:SRB, TSX:SBI, OTCQX:SRBIF), the Brazilian focused gold mining and development company, regrets to announce an accident occurred resulting in a fatality at its Coringa underground operation on 25 January 2026. The accident was related to mining activity at a production face. No other personnel were injured in the incident.

The Company has notified the relevant authorities, including the police, and are providing all necessary assistance for the enquiries into the incident. The involvement of the Brazilian authorities means that investigations into the circumstances of the accident remain ongoing. Production in the area of the incident is expected to be resumed within a few days once the authorities have completed their enquiries, but mining operations are otherwise unaffected.

Until such a time as the outcome of the enquiries has been reached, no further details can be released. The Directors and management of Serabi express their sincere condolences to the family and colleagues of the deceased and the Company is providing all necessary support to the family. The Company’s immediate priority is to ensure the safety and well-being of our colleagues and is providing appropriate counselling to those staff affected by the accident.

Mike Hodgson, CEO of Serabi, commented:

“It is with great sadness that we announce the fatality of one of our employees. A full investigation is underway, meanwhile, I join with all of my colleagues and fellow Directors in expressing our sincere condolences to the family and friends of the deceased."

About Serabi Gold plc

Serabi Gold plc is a gold exploration, development and production company focused on the prolific Tapajós region in Para State, northern Brazil. The Company has consistently produced 30,000 to 40,000 ounces per year with the Palito Complex and is planning to double production in the coming years with the construction of the Coringa Mine. Serabi Gold plc recently made a copper-gold porphyry discovery on its extensive exploration licence. The Company is headquartered in the United Kingdom with a secondary office in Toronto, Ontario, Canada.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018.

The person who arranged for the release of this announcement on behalf of the Company was Andrew Khov, Vice President, Investor Relations & Business Development.

Enquiries

SERABI GOLD plc BEAUMONT CORNISH Limited

Michael Hodgson t +44 (0)20 7246 6830 Nominated Adviser & Financial Adviser Chief Executive m +44 (0)7799 473621 Roland Cornish / Michael Cornish t +44 (0)20 7628 3396

Colm Howlin PEEL HUNT LLP

Chief Financial Officer m +353 89 6078171 Joint UK Broker Ross Allister / Georgia Langoulant t +44 (0)20 7418 9000 Andrew Khov m +1 647 885 4874 Vice President, Investor Relations & TAMESIS PARTNERS LLP Business Development Joint UK Broker e [email protected] Charlie Bendon/ Richard Greenfield t +44 (0)20 3882 2868

www.serabigold.com

CAMARCO Financial PR - Europe

Gordon Poole / Fergus Young t +44 (0)20 3757 4980

Assay Results and other regulatory changes, actions by governmental authorities, the availability of Assay results reported within this release include those provided by the Company's own capital markets, reliance on key personnel, uninsured and underinsured losses and other on-site laboratory facilities at Palito and have not yet been independently verified. Serabi factors, many of which are beyond the control of the Company. Although any forwardclosely monitors the performance of its own facility against results from independent looking statements contained in this announcement are based upon what the Directors laboratory analysis for quality control purpose. As a matter of normal practice, the believe to be reasonable assumptions, the Company cannot assure investors that actual Company sends duplicate samples derived from a variety of the Company's activities to results will be consistent with such forward looking statements.

accredited laboratory facilities for independent verification. Since mid-2019, over 10,000 exploration drill core samples have been assayed at both the Palito laboratory and certified external laboratory, in most cases the ALS laboratory in Belo Horizonte, Brazil. When Qualified Persons Statement comparing significant assays with grades exceeding 1 g/t gold, comparison between Palito The scientific and technical information contained within this announcement has been versus external results record an average over-estimation by the Palito laboratory of 6.7% reviewed and approved by Michael Hodgson, a Director of the Company. Mr Hodgson is over this period. Based on the results of this work, the Company's management are an Economic Geologist by training with over 30 years' experience in the mining industry. satisfied that the Company's own facility shows sufficiently good correlation with He holds a BSc (Hons) Geology, University of London, a MSc Mining Geology, University independent laboratory facilities for exploration drill samples. The Company would expect of Leicester and is a Fellow of the Institute of Materials, Minerals and Mining and a that in the preparation of any future independent Reserve/Resource statement undertaken Chartered Engineer of the Engineering Council of UK, recognizing him as both a Qualified in compliance with a recognized standard, the independent authors of such a statement Person for the purposes of Canadian National Instrument 43-101 and by the AIM would not use Palito assay results without sufficient duplicates from an appropriately Guidance Note on Mining and Oil & Gas Companies dated June 2009.

certificated laboratory.

Forward-looking statements Notice

Certain statements in this announcement are, or may be deemed to be, forward looking Beaumont Cornish Limited, which is authorised and regulated in the United Kingdom by statements. Forward looking statements are identified by their use of terms and phrases the Financial Conduct Authority, is acting as nominated adviser to the Company in relation such as ‘‘believe’’, ‘‘could’’, “should” ‘‘envisage’’, ‘‘estimate’’, ‘‘intend’’, ‘‘may’’, ‘‘plan’’, ‘‘will’’ to the matters referred herein. Beaumont Cornish Limited is acting exclusively for the or the negative of those, variations or comparable expressions, including references to Company and for no one else in relation to the matters described in this announcement assumptions. These forward-looking statements are not based on historical facts but and is not advising any other person and accordingly will not be responsible to anyone rather on the Directors’ current expectations and assumptions regarding the Company’s other than the Company for providing the protections afforded to clients of Beaumont future growth, results of operations, performance, future capital and other expenditures Cornish Limited, or for providing advice in relation to the contents of this announcement or (including the amount, nature and sources of funding thereof), competitive advantages, any matter referred to in it.

business prospects and opportunities. Such forward looking statements reflect the Directors’ current beliefs and assumptions and are based on information currently available to the Directors. Several factors could cause actual results to differ materially Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has from the results discussed in the forward-looking statements including risks associated approved or disapproved of the contents of this news release with vulnerability to general economic and business conditions, competition, environmental

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