Serabi secures award for its Community Engagement

Serabi Gold (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, is pleased to announce that it secured an impressive 73% of the votes in winning the Community Relations award at the recent Brazilian Gold Symposium.

The Associação Brasileira de Empresas de Pesquisa Mineral e Mineração (“ABPM”) has been hosting a gold symposium in Belem, Para state this week. Serabi overwhelming won the category for Community Relations securing 73% of more than 5,000 votes that were cast and beating the private Brazilian mining group Bemisa who secured 20.5% of the votes.

Mike Hodgson, CEO of Serabi, commented:

“This is well deserved recognition of the fantastic efforts made by our team over the past 12 months, actively engaging with and creating support programmes across health, education and infrastructure that bring direct benefits to our neighbouring communities.”

Please use the following link https://bit.ly/46WCgma to view Andreya Teixeira and Janaina Borges receiving the Community Relations award on behalf of Serabi.

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 recognised standard, the independent authors of such a statement would not use Palito assay results without sufficient duplicates from an appropriately certificated laboratory.