Serabi Gold plc ("Serabi" or the "Company") Director's interest

LONDON, Dec. 4, 2014 (GLOBE NEWSWIRE) -- Serabi Gold plc (AIM:SRB) (TSX:SBI), the Brazilian focused gold mining and development company, announces the following transaction in the ordinary shares of the Company ("Ordinary Shares") undertaken by a party in which Mr Nicolas Banados, a director of the Company has a beneficial interest.

The Company was informed on 4 December 2014 that on 2 December 2014, Fondo de Inversion Privado Santa Monica transferred its holding of 22,140,000 Ordinary Shares to Inversiones Villarrica Limitada pursuant to a reorganisation at a price of 6.235p per Ordinary Share. Mr Nicolas Banados is the beneficial owner of 50 per cent. of the share capital of Asesorias e Inversiones Asturias Limitada which beneficially owns 25 per cent. of the units in both Fondo de Inversion Privado Santa Monica and Inversiones Villarrica Limitada .

Mr Nicolas Banados continues to directly own 144,282 Ordinary Shares and Asesorias e Inversiones Asturias Limitada continues to directly own 159,665 Ordinary Shares.

Accordingly, Mr Nicolas Banados' interest in aggregate, directly and indirectly, remains unchanged at 22,443,947 Ordinary Shares in aggregate representing 3.42 per cent. of the issued share capital of the Company.

Copies of this announcement 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 announcement.

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 26 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, recognising 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.

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. A number of 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.