The Long Barn, Cobham Park Road, Downside, Surrey KT11 3NE This document is not intended to and does
PRESS RELEASE 12 SEPTEMBER 2025
SERABI GOLD plc (“Serabi” or “the Company”)
SERABI GOLD PLC
The Long Barn, Cobham Park Road, Downside, Surrey KT11 3NE This document is not intended to and does
t +44 (0)20 7246 6830 f +44 (0)20 7246 6831 e [email protected] www.serabigold.com not amount to an invitation or inducement to
Registered Office 66 Lincoln’s Inn Fields, London, WC2A 3LH Company Number 5131528 subscribe for shares in Serabi Gold plc
Serabi Gold Files NI 43-101 Technical Report for the Palito Complex
Serabi Gold (AIM:SRB, TSX:SBI; OTCQX: SRBIF) the Brazilian focused gold mining and development company,
is pleased to announce that it has publicly filed its detailed Technical Report (the “Technical Report”) of its updated
mineral resource estimate (“ Mineral Resource Estimate ”) and mineral reserve estimate (“ Mineral Reserve
Estimate”) for its 100% owned Palito Complex, located in Pará State, Brazil, within the Tapajós region. The Technical
Report is dated September 3, 2025, effective March 31, 2025, and supports the scientific and technical disclosure in
the Mineral Reserve Estimate and Mineral Resource Estimate (see July 31, 2025, press release).
The Technical Report is titled “ Palito Mining Complex , NI 43-101 Technical Report, Pará State, Brazil” and was
prepared by NCL Ingeniería y Construcción SpA (“NCL”) of Santiago, Chile for the Project and has been reviewed
and approved by the following qualified persons under National Instrument 43 -101 - Standards of Disclosure for
Mineral Projects ("NI 43 -101") in accordance with the rules of the Canadian Institute of Mining, Metallurgy and
Petroleum ("CIM"), which is an internationally recognised standard pursuant to the AIM Rules.
Qualified Persons
• Mr. Carlos Guzmán, RM CMC, FAusIMM, Principal/Project Director, NCL
• Mr. Gustavo Tapia, RM CMC, Metallurgical and Process Consultant, GT Metallurgy
• Mr. Nicolás Fuster, RM CMC, MAusIMM, Geologist
The full Technical Report is available under the Corporation's profile on SEDAR+ ( www.sedarplus.ca) and on the
Corporation's website at https://www.serabigold.com/
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.
About Serabi Gold plc
Serabi Gold plc is a gold exploration, development and production company focused on the prolific Tapaj ós 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 Gold
project. 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.
Enquiries
SERABI GOLD plc
Michael Hodgson t +44 (0)20 7246 6830
Chief Executive m +44 (0)7799 473621
Colm Howlin
Chief Financial Officer m +353 89 6078171
Andrew Khov m +1 647 885 4874
Vice President, Investor Relations &
Business Development
www.serabigold.com
BEAUMONT CORNISH Limited
Nominated Adviser & Financial Adviser
Roland Cornish / Michael Cornish t +44 (0)20 7628 3396
PEEL HUNT LLP
Joint UK Broker
Ross Allister t +44 (0)20 7418 9000
TAMESIS PARTNERS LLP
Joint UK Broker
Charlie Bendon/ Richard Greenfield t +44 (0)20 3882 2868
CAMARCO
Financial PR - Europe
Gordon Poole / Emily Hall t +44 (0)20 3757 4980
PRESS RELEASE 12 SEPTEMBER 2025
SERABI GOLD plc (“Serabi” or “the Company”)
SERABI GOLD PLC
The Long Barn, Cobham Park Road, Downside, Surrey KT11 3NE This document is not intended to and does
t +44 (0)20 7246 6830 f +44 (0)20 7246 6831 e [email protected] www.serabigold.com not amount to an invitation or inducement to
Registered Office 66 Lincoln’s Inn Fields, London, WC2A 3LH Company Number 5131528 subscribe for shares in Serabi Gold plc
Copies of this announcement are available from the Company's website at www.serabigold.com.
See www.serabigold.com for more information and follow us on twitter @Serabi_Gold
Assay Results
Assay results reported within this release include those provided by the Company's own
on-site laboratory facilities at Palito and have not yet been independently verified. Serabi
closely monitors the performance of its own facility against results from independent
laboratory analysis for quality control purpose. As a matter of normal practice, the
Company sends duplicate samples derived from a variety of the Company's activities to
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 comparing significant assays with grades exceeding 1 g/t gold, comparison
between Palito versus external results record an average over-estimation by the Palito
laboratory of 6.7% over this period. Based on the results of this work, the Company's
management are satisfied that the Company's own facility shows sufficiently good
correlation with independent laboratory facilities for exploration drill samples. The
Company would expect that in the preparation of any future independent
Reserve/Resource statement undertaken in compliance with a recognized standard, the
independent authors of such a statement would not use Palito assay results without
sufficient duplicates from an appropriately certificated laboratory.
Forward-looking statements
Certain statements in this announcement are, or may be deemed to be, forward looking
statements. Forward looking statements are identified by their use of terms and phrases
such as ‘‘believe’’, ‘‘could’’, “should” ‘‘envisage’’, ‘‘estimate’’, ‘‘intend’’, ‘‘may’’, ‘‘plan’’,
‘‘will’’ or the negative of those, variations or comparable expressions, including
references to assumptions. These forward-looking statements are not based on historical
facts but rather on the Directors’ current expectations and assumptions regarding the
Company’s future growth, results of operations, performance, future capital and other
expenditures (including the amount, nature and sources of funding thereof), competitive
advantages, 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 from the results discussed in the forward-looking statements including risks
associated with vulnerability to general economic and business conditions, competition,
environmental and other regulatory changes, actions by governmental authorities, the
availability of capital markets, reliance on key personnel, uninsured and underinsured
losses and other factors, many of which are beyond the control of the Company.
Although any forward-looking statements contained in this announcement are based
upon what the Directors believe to be reasonable assumptions, the Company cannot
assure investors that actual results will be consistent with such forward looking
statements.
Qualified Persons Statement
The scientific and technical information contained within 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 30 years' experience in the mining industry.
He holds a BSc (Hons) Geology, University of London, a MSc Mining Geology, 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 Canadian National Instrument 43-101 and by the
AIM Guidance Note on Mining and Oil & Gas Companies dated June 2009.
Notice
Beaumont Cornish Limited, which is authorised and regulated in the United Kingdom by
the Financial Conduct Authority, is acting as nominated adviser to the Company in
relation to the matters referred herein. Beaumont Cornish Limited is acting exclusively for
the Company and for no one else in relation to the matters described in this
announcement and is not advising any other person and accordingly will not be
responsible to anyone other than the Company for providing the protections afforded to
clients of Beaumont Cornish Limited, or for providing advice in relation to the contents of
this announcement or any matter referred to in it.
Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the content s of this news
release