Serabi Gold plc : Director/PDMR Shareholding

For immediate release
4 June 2014
Serabi Gold plc
("Serabi" or the "Company")
Directors dealing &
Substantial Shareholder

Serabi Gold plc (AIM:SRB, TSX:SBI) announces that it was informed on 3 June 2014 that Daniel Kunz, a Non-Executive Director of the Company, sold on 3 June 2013 5,096,084 Serabi ordinary shares of 0.5p each ("Shares") at a price of 5.75p per Share. Following the sale, Daniel Kunz has an interest in 468,642 Shares representing 0.07 per cent. of the issued share capital of Serabi. The Shares sold by Daniel Kunz were purchased by Fratelli Investments Ltd ("Fratelli"). A copy of the TR-1 received today by the Company from Fratelli is set out below. Following the purchase, Fratelli is now interested in 343,613,166 Shares representing 52.35 per cent. of the issued share capital of the Company. Nicolas Banados, a Non-Executive Director of the Company, is an attorney-in-fact of Fratelli.

Enquiries:

Serabi Gold plc
Michael Hodgson	Tel: [phone] 6830
Chief Executive	Mobile: [phone] 473621
Clive Line	Tel: [phone] 6830
Finance Director	Mobile: [phone] 151692
Email: [e-mail]
Website:  www.serabigold.com
Beaumont Cornish Limited Nominated Adviser and Financial Adviser
Roland Cornish	Tel: [phone] 3396
Michael Cornish	Tel: [phone] 3396
Peel Hunt LLP UK Broker
Matthew Armitt	Tel: [phone] 9000
Ross Allister	Tel: [phone] 9000
Blytheweigh Financial PR
Tim Blythe	Tel: [phone] 3204 Mobile: +44 7816 924626
Halimah Hussain	Tel: [phone] 3203 Mobile: +44 7725 978141

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 news release.

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ii			Serabi Gold PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation:iii		Fratelli Investments Ltd.
4. Full name of shareholder(s)  (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached:v		03 June 2014
6. Date on which issuer notified:		04 June 2014
7. Threshold(s) that is/are crossed or reached: vi, vii		Above 52%

8. Notified details:

A: Voting rights attached to sharesviii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B4T0YL77

338,517,082

338,517,082

343,613,166

343,613,166

52.35%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

WARRENTS (UNLISTED)

4 MARCH 2016

EXERCISABLE

76,250,000

11.39% (see 13, below)

WARRENTS (UNLISTED)

17 JANUARY 2015

EXERCISABLE

8,135,035

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

427,998,201

57.78% (see 13, below)

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:	The total number of voting rights has been calculated on the basis of the resulting dilution of the overall number of voting rights in the issuer that would occur in the event of such exercise/conversion of the warrants.
14. Contact name:	Viviana Rubia ([e-mail])
15. Contact telephone number:	+56 2 2 577 36 00

ENDS

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Serabi Gold plc via Globenewswire

HUG#1790707