Updated Coringa PEA Confirms Improved Economics

Updated Coringa PEA Confirms Improved Economics

Serabi Gold plc (“Serabi” or the “Company”) (AIM:SRB, TSX:SBI, OTCQX:SRBIF), the Brazilian focused gold mining and development company, is pleased to announce the results of an updated Preliminary Economic Assessment (the “Updated PEA”) for its currently producing, 100%-owned Coringa Gold Project (“Coringa” or “the Project”), located in Para State, Brazil. (All financial amounts are expressed in U.S. dollars unless otherwise indicated).