SERABI GOLD PLC

AGM Information • May 25, 2021

National Storage Mechanism | Additional information

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, NEW ZEALAND, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER OF SECURITIES IN ANY JURISDICTION.

For immediate release

25 May 2021

Serabi Gold Plc

(“Serabi” or the “Company”)

Results of General Meeting

Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, announces that at the General Meeting of the Company held at 10:00 am on 25 May 2021 (the “General Meeting”), Shareholders approved both the ordinary and special resolutions (the “Resolutions”) proposed in the notice of meeting dated 27 April 2021 (the "Notice of Meeting”).

Unless otherwise stated all defined terms in this announcement are consistent with the definitions set out in the Notice of Meeting.

The voting was determined by a poll and the results in respect of each resolution were as follows:

RESOLUTION	VOTES FOR	%	VOTES AGAINST	%	VOTES TOTAL	% of ISC* VOTED	VOTES WITHHELD
1. That the Directors are authorised to allot shares, grant rights or convert any security up to a nominal value of £400,352.70.	48,820,112	99.81%	93,222	0.19%	48,913,334	64.59%	8,237
2. That subject to the passing of Resolution 1 the Directors are authorised to allot equity securities for cash otherwise than on a pre-emptive basis up to a nominal value of £400,352.70.	48,820,112	99.81%	93,222	0.19%	48,913,334	64.59%	8,237

* ISC – Issued Share Capital

On 2 March 2021, the Company secured commitments from investors to subscribe for 4,003,527 Warrants at an issue price of £0.06 (C$0.11) per Warrant raising gross proceeds of £0.2 million (C$0.4 million), subject among other things to shareholder approval at the General Meeting. Following the approval by Shareholders of the Resolutions, the Company intends to proceed with the issue of the Warrants and expects that the Warrants will be issued on 27 May 2021 in accordance with the terms of the Placing Agreement.

Enquiries:

Serabi Gold plc
Michael Hodgson	Tel: +44 (0)20 7246 6830
Chief Executive	Mobile: +44 (0)7799 473621
Clive Line	Tel: +44 (0)20 7246 6830
Finance Director	Mobile: +44 (0)7710 151692
Email: contact@serabigold.com
Website: www.serabigold.com
Beaumont Cornish Limited Nominated Adviser
Roland Cornish	Tel: +44 (0)20 7628 3396
Michael Cornish	Tel: +44 (0)20 7628 3396
Peel Hunt LLP UK Broker
Ross Allister	Tel: +44 (0)20 7418 9000
TAMESIS PARTNERS LLP Joint UK Broker
Charlie Bendon        t	Tel: +44 (0)20 3882 2686
Richard Greenfield	Tel: +44 (0)20 3882 2686
CAMARCO Financial PR
Gordon Poole	Tel: +44 (0)20 3757 4980
Nick Hennis	Tel: +44 (0)20 3757 4980

Copies of this release 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.

ENDS