Share Issue

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

                                  Share issue

Further  to the announcement earlier today that  the Board of Serabi has entered
into  a conditional share subscription agreement with Eldorado Gold Corporation,
application  has  been  made  to  the  London Stock Exchange for 120,000,000 new
Ordinary  Shares to be admitted to trading on AIM. It is expected that Admission
will become effective and that dealings in the new Ordinary Shares will commence
on AIM at 8.00 a.m. on 22 June 2010. The enlarged issued share capital of Serabi
following  Admission will be  447,740,595 Ordinary Shares in  aggregate. The new
Ordinary  Shares  will,  when  issued  and  fully  paid,  rank pari passu in all
respects  with the existing  Ordinary Shares including  the right to receive all
dividends and other distributions declared, made or paid after the date of their
issue.



Enquiries:

Serabi Mining plc

Clive Line                                                  Tel: [phone]

Finance Director                                            Mobile: [phone]



Email: [e-mail]
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Website:  www.serabimining.com
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http://www.serabimining.com/>



Beaumont Cornish Limited
Nominated Adviser and Broker

Roland Cornish                                              Tel: [phone]

Michael Cornish                                             Tel: [phone]







[HUG#1424370]