The Long Barn, Cobham Park Road, Downside, Surrey KT11 3NE This document is not intended to and does
PRESS RELEASE 03 FEBRUARY 2026
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 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
Update on Recent Incidents at Palito Complex and Coringa Mine
Serabi Gold plc (“Serabi” or the “Company”) (AIM:SRB, TSX:SBI, OTCQX:SRBIF), the Brazilian focused gold
mining and development company, provided the following update regarding last week’s incidents at Palito Complex
and Coringa mine.
The Company confirms that mining and milling operations were at no point interrupted and continue to progress
according to budget . The Company has complied with protocols of all relevant agencies and authorities regarding
the incidents and continues to provide support to the families of those affected and staff during this time.
Serabi remains committed to the health and safety of all employees and is well-advanced with an internal review of
relevant procedures to ensure we continue to provide a safe and supportive workplace for everyone.
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 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
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 / Georgia Langoulant 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 / Fergus Young t +44 (0)20 3757 4980
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
PRESS RELEASE 03 FEBRUARY 2026
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 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
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 contents of this news release
See www.serabigold.com for more information and follow us on X @Serabi_Gold