Commencement of Trading on OTCQX

Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, is pleased to announce that its ordinary shares are now trading on the OTCQX under the ticker symbol of SRBIF. The OTCQX is the highest market tier of OTC Markets on which global securities trade. Trading on OTCQX will enhance the visibility, liquidity and accessibility of the Company to U.S. investors. Serabi’s ordinary shares will continue to trade on the AIM market of the London Stock Exchange under the symbol SRB and on the main market of the TSX under the symbol SBI.

Commenting on the announcement, Serabi’s CEO, Mike Hodgson, said that “We are delighted to qualify for the premier tier on OTC Markets. Securing a quotation on OTCQX will simplify the ability for US based investors to invest in Serabi’s ordinary shares without the need to establish trading accounts in either the UK or Canada. At the same time the Company is not required to increase its current levels of regulatory reporting or compliance, making this a very cost-effective option for expanding the investor base of Serabi.”

The OTCQX Market is an important step for companies seeking to provide transparent trading for U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

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.