Directorate Change

31 July 2013

                Sula Iron & Gold plc (`Sula' or `the Company')                 

                              Directorate Change                               


Further to the interim results announcement on 28 June 2013, Sula Iron & Gold
plc, an iron ore and gold exploration company focussed on Sierra Leone,
announces the resignation of Brian Moritz as Chairman with effect from today.
The remaining directors would like to thank Mr Moritz for his hard work and
contribution to the Company and wish him every future success.

The Company will announce the appointment of a new Chairman in due course.



For further information please visit www.sulairongold.com or contact the
following:

Gavin Burnell               Sula Iron & Gold plc           [phone]
                                                                               
James Caithie/Avi Robinson  Cairn Financial Advisers LLP   [phone]

John Howes/Alice Lane       Northland Capital Partners     [phone]
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Chris Rourke/Guy Wheatley   Beaufort International         [phone]
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Felicity Edwards/Charlotte  St Brides Media and Finance    [phone]
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