Statement re Share Price Movement

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

                  Comment on recent share activity


The Directors  of  Serabi note  recent  activity in  its  shares  and
movements in its share price.

As announced by  the Company  on 23rd February  2009, the  Directors'
continue to be  in discussions with  parties that may  result in  the
sale in whole or part of  the mining and exploration assets owned  by
the Company.   The Directors  are  also pursuing  opportunities  that
might result in an injection of  new capital either into the  Company
or directly into its Brazilian operating subsidiary.  However at this
stage there is no further information  to impart in respect of  these
discussions and a further announcement will be made in due course  as
appropriate.

Enquiries

Serabi Mining plc

Graham Roberts                  Tel: [phone]
Chairman                        Mobile: [phone]

Clive Line                      Tel: [phone]
Finance Director                Mobile: [phone]


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

Beaumont Cornish Limited
Nominated Adviser and Broker
Roland Cornish                  Tel: [phone]
Michael Cornish                 Tel: [phone]

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