Exploration Update - Piaui Strike Length could ...

SERABI MINING plc
                          ("Serabi" or "the Company")

                               Exploration Update
              Piaui Strike Length could now extend to 1,400 metres
          Additional drilling planned at Piaui and Currutela Prospects

Serabi  Mining plc  (AIM:SRB, TSX:SBI  and SBI.WT),  the Brazilian  focused gold
exploration  Company, is  pleased to  provide an  update on  both the  Piaui and
Currutela Prospect exploration activities.

A recently completed geophysical Induced Polarization (IP) survey has indicated
the possibility that the recent Piaui discovery, which was initially estimated
to have a 300 metre strike length could now extend to a strike length of over
1,400 metres.  The same IP survey between the Curretela prospect and the recent
Espeto discovery indicates strong geophysical anomalism between the two, a
strike length of some 900m.

Mike Hodgson, Chief Executive, commented:

"We  are very pleased by these results.  The Piaui drilling to date has rewarded
us  with some excellent  intersections over the  initial target strike length of
300 metres,  so the potential to extend and  test this zone over 1,400 metres is
highly encouraging.

In addition, the obvious potential to explore the 3.5km strike length upon which
the  Palito Main Zone (PMZ),  Espeto and Currutela prospects  lies is clearly an
exciting  proposition.  We now have further indications from preliminary IP data
that  the mineralised potential extends a  further 500 metres east of Currutela,
potentially  making this fertile mineralised  structure over 4.0km in length and
remaining open along strike".

Piaui

The IP survey was carried out to the east of the Piaui Prospect and delineated a
200 metre long chargeable anomaly, 400 metres along strike from the original
2010 Piaui chargeable anomaly.  Initial discovery drilling of this anomaly in
March 2011 returned significant intercepts including 1.93 metres @ 22.86g/t Au,
2.5 metres @ 6.22g/t Au, 9.1 metres @ 2.24g/t au, 10.7 metres @ 1.17g/t Au and
4.5 metres @ 2.75g/tAu (as detailed in the Company's news release of 7 April
2011).

This new target has the potential to extend the strike length of the Piaui
target by at least a further 1,100 metres.  The newly defined IP target is also
coincident with a 300ppb soil geochemistry anomaly and a high priority
electromagnetic (EM) anomaly derived from Serabi's 2008 Airborne Geophysical
VTEM survey.

The Company also completed a trench located 250 metres (TC056) to the west of
the Piaui mineralisation, which subject to external assaying has intersected
anomalous gold bearing laterite material. Follow-up soil auger geochemical
sampling is planned around the trench area to ascertain the extent of this
geochemical anomalism in the coming months.

The strike length of the potential mineralisation along the Piaui trend from
trench TC056 to the eastern extent of the recent IP anomaly indicates a possible
mineralised trend of 1,400 metres.

As a direct result of this newly acquired geophysical and geochemical data,
Serabi have extended their current 8,100 metres discovery drill programme adding
a further 2,000 metres of drilling with much of this initially focussed on the
Piaui mineralised target. On 12 September 2011, a program of 1,700 metres of
shallow infill and extension drilling will commence at Piaui to test the central
300 metres strike of the prospect.  A further 500 metres of drilling will also
target the new coincident anomaly area along strike to the east.

Currutela-Espeto-Palito

Serabi is also in the process of continuing  an ongoing IP survey between the
recently drilled Espeto prospect which returned a drill result of 17.06 metres @
1.17g/t Au (as detailed in the Company's news release dated 15 July 2011) and
the Currutela prospect which has returned drill results including 2.14 metres @
12.92g/t Au, 0.76 metres @ 5.30g/t Au, 1.20 metres @ 6.39g/t Au & 1.03 metres @
5.10g/t Au (as detailed in the Company's news releases of 13 June 2011 & 11 July
2011).

Results to date demonstrate that a continuous chargeable zone exists between the
two prospects, having a strike length of some 900 metres.  More significantly,
the structural modelling supported by drill intercepts, airborne magnetic
surveying and this recent induced polarization data suggest the Palito Main Zone
(PMZ), Espeto and Currutela prospects can be interpreted as the same structural
mineralised zone, which has a strike length of over 3.5 kms when measured from
the most westerly end of the Palito mineralisation to Currutela in the east.
Once the IP programme is complete, the results will be used to assist the
optimisation of a follow up drill programme.


The plan that can be accessed using the link below illustrates the original
Piaui IP anomaly, along with the latest IP survey extended to the south east.




Enquiries:

 Serabi Mining plc

 Michael Hodgson                   Tel: [phone]

 Chief Executive                   Mobile: [phone]



 Clive Line                        Tel: [phone]

 Finance Director                  Mobile: [phone]



 Email: [e-mail]

 Website:  www.serabimining.com



 Beaumont Cornish Limited
 Nominated Adviser

 Roland Cornish                    Tel: [phone]

 Michael Cornish                   Tel: [phone]



 Fox Davies Capital Ltd
 UK Broker

 Simon Leathers                    Tel: [phone]

 Jonathan Evans                    Tel: [phone]



 Farm Street Communications
 Public Relations

 Simon Robinson                    Tel: [phone]



 Fig House Communications
 Investor Relations

 Rebecca Greco                     Tel: + 1 416 822 6483



Copies of this release are available from the Company's website at
www.serabimining.com


Forward-looking statements
This press release contains forward-looking statements. All statements, other
than of historical fact, that address activities, events or developments that
the Company believes, expects or anticipates will or may occur in the future
(including, without limitation, statements regarding the estimation of mineral
resources, exploration results, potential mineralization, potential mineral
resources and mineral reserves) are forward-looking statements. Forward-looking
statements are often identifiable by the use of words such as "anticipate",
"believe", "plan", may", "could", "would", "might" or "will", "estimates",
"expect", "intend", "budget", "scheduled", "forecasts" and similar expressions
or variations (including negative variations) of such words and phrases.
Forward-looking statements are subject to a number of risks and uncertainties,
many of differ materially from those discussed in the forward-looking
statements. Factors that could cause actual results or events to differ
materially from current expectations include, among other things, without
limitation, failure to establish estimated mineral resources, the possibility
that future exploration results will not be consistent with the Company's
expectations, the price of gold and other risks identified in the Company's most
recent annual information form filed with the Canadian securities regulatory
authorities on SEDAR.com. Any forward-looking statement speaks only as of the
date on which it is made and, except as may be required by applicable securities
laws, the Company disclaims any intent or obligation to update any forward-
looking statement.

Qualified Persons Statement

The  information  contained  within  this  announcement  has  been  reviewed and
verified  by Michael Hodgson,  CEO of the  Company.   Mr Hodgson  is an Economic
Geologist by training with over 25 years' experience in the mining industry.  He
holds  a  BSc  (Hons)  Geology,  University  of  London,  a  MSc Mining Geology,
University  of Leicester and is a Fellow of the Institute of Materials, Minerals
and  Mining  and  a  Chartered  Engineer  of  the  Engineering  Council  of  UK,
recognizing him as both a Qualified Person for the purposes of Canadian National
Instrument  43-101 and by the AIM Guidance Note on Mining. Oil and Gas Companies
dated March 2006.

Quality Assurance and Quality Control Procedures Disclosure

The  Company has  implemented and  maintains a  Serabi quality assurance/quality
control  (QA/QC)  protocol  at  its  JDO  Project  as defined in its "NI 43-101
Technical  Report for the Jardim Do Ouro  Project, Para State, Brazil" dated 22
December  2010.  This ensures best industry practice in sampling and analysis of
exploration and resource definition samples.  The insertion of field duplicates,
certified  standards and blank samples  into the sample stream  form part of the
Serabi  procedure (these act as an independent check on contamination, precision
and accuracy in the analytical laboratory).

Assay results are reported once rigorous QAQC procedures have been approved

Neither  the  Toronto  Stock  Exchange,  nor  any  other  securities  regulatory
authority, has approved or disapproved of the contents of this news release.


ENDS




Piaui IP anomally: 


http://hugin.info/137617/R/1545593/473962.jpg




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Source: Serabi Mining plc via Thomson Reuters ONE

[HUG#1545593]