Investor Conference Call

Sula Iron & Gold plc / Index: AIM / Epic: SULA / Sector: Natural Resources   

13 January 2014

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

                           Investor Conference Call                            

Sula Iron & Gold plc, a multi-commodity exploration company focussed on Sierra
Leone, is pleased to announce that following the completion of initial field
work targeting gold mineralisation at the Company's Ferensola Project in Sierra
Leone (see announcement dated 8 January 2014), and in order to introduce the
new Board appointments of Matt Wood and Andrew Dacey (see announcements dated 2
November 2013 and 31 December 2013 respectively), it will be holding a
conference call for investors on Wednesday 15 January 2014 at 11.30am GMT. To
participate in this conference call, please go to http://www.sulairongold.com/
contact.html and register your details, noting "investor presentation" in the
comment's box.

                                   **ENDS**                                    

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

Nick Warrell, CEO           Sula Iron & Gold plc           [phone] 
                                                                               
Matt Wood / Andrew Dacey    Sula Iron & Gold plc           [phone]
                                                                               
James Caithie / Avi         Cairn Financial Advisers LLP   [phone]
Robinson                                                                       
                                                                               
Martin Lampshire / David    Daniel Stewart & Company Plc   [phone]
Hart                                                                           
                                                                               
Felicity Edwards /          St Brides Media and Finance    [phone]
Charlotte Heap              Ltd                                                

Notes

Sula Iron & Gold plc is a multi-commodity exploration company focussed on West
Africa. The Company's main objective is to explore and advance its Ferensola
Project, in Northern Sierra Leone, which is highly prospective for iron and
gold. Sula is currently focussed on delineating a maiden JORC compliant iron
resource and proving up the gold mineralisation in 2014, by conducting soil
geochemistry and ground geophysics prior to a diamond drilling programme, in
order to maximise the Licence area's value potential. The 153 sq km licence
area is contiguous to African Minerals' operational Tonkolili Iron Mine, which
has a JORC compliant resource of 12.8 billion tonnes Fe.

Exploration work at the project has confirmed the presence of Banded Iron
Formation (`BIF') at surface, which has a known strike length of 3.1km. The BIF
is proven to extend NE from the Tonkolili licence into Sula's licence area. A
2,000m scout drilling programme conducted over a 2.2km section of BIF,
confirmed the Licence area's prospectivity for consistently high grade iron
mineralisation. An exploration target of 500 million tonnes at 30.4% iron for
magnetite and 55% iron for hematite has been given by exploration consultants
SRK Exploration Services Ltd.

Significant Greenstone Belt-style gold mineralisation has also been identified
at various prospects within the licence area. Five target areas for hard rock
gold mineralisation have been identified based on the location of historic
drill intercepts, the source areas for alluvial gold deposits, and the position
of major structures as defined by airborne magnetic data and drainage
orientation.