Executive Appointments

SERABI MINING plc ("Serabi" or "the Company)
   APPOINTMENT OF NEW CHIEF EXECUTIVE & SENIOR MANAGEMENT CHANGES


Serabi has completed the  transition from exploration to  production,
with the prospect of continuing growth.   To reflect this change  and
to further  enhance the  management  team, the  Board is  pleased  to
announce the following changes and appointments:



  * Mr. Michael Hodgson, currently Technical Director,  has been
    appointed to the position of Chief Executive Officer, to lead the
    Company in its goal towards becoming a mid-tier producer



  * Mr Bill Clough, the current Chief Executive and co-founder of the
    Company, will assume the role of Executive Director, working on
    project generation and new business development



  * Mr Wanderlan Almeida, has been appointed to the position of
    Managing Director of the Company's Brazilian subsidiary, Serabi
    Mineraçao Ltda, with executive responsibility for directing all
    matters relating to the group's Brazilian operations



  * Mr Sérgio Aquino, presently Country Manager of Serabi Mineraçao
    Ltda and co-founder of the Company, will become senior
    consultant, providing strategic guidance to senior management and
    the Board



Commenting on  these appointments,  Graham Roberts,  the Chairman  of
Serabi said:


"We recently highlighted Serabi's strategic plans for the Next  Move,
which is intended to position the Company for growth towards becoming
a mid-tier producer.   These appointments are  intended to assist  in
achieving this  goal, as  well as  strengthen the  management team.
Since his initial appointment as Technical Director, Mike Hodgson has
already introduced many positive developments in our operations  and,
furthermore, in  this  role  has become  fully  acquainted  with  all
aspects of the Company.  Mike now takes over as Chief Executive  from
Bill Clough, who has  steered Serabi through  its formative years  of
exploration and development.   As the Company now  seeks to grow  its
resource and production base  more aggressively, these Board  changes
are regarded  as  essential  in  providing  greater  operational  and
development experience and focus.

The appointment  of Wanderlan  Almeida as  Managing Director  of  our
Brazilian subsidiary reflects similar thinking.  Wanderlan brings  to
Serabi considerable  hands-on  experience in  building  and  managing
mining operations in Brazil and  will enhance the skills required  to
lead Serabi towards its growth targets.

Meanwhile, we are fortunate that the co-founders Bill and Sérgio,
will remain with the group to contribute their unique experience and
understanding of operating in the Tapajos.  These key appointments
and others over the past year provide the skills and experience for
Serabi to successfully achieve the Next Move growth strategy. "


 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

Numis Securities Limited
John Harrison                   Tel: [phone]
James Black                     Tel: [phone]

Parkgreen Communications
Simon Robinson                  Tel: [phone]
Shannon Leano                   Tel: [phone]


                          Notes to Editors

The  Tapajos  region  of  northern  Brazil  encompasses  an  area  of
approximately 100,000  Km2, mainly  located  in the  south-west  Para
State.  It has a significant history of alluvial gold production with
estimated output of  some 30  million ounces  having been  recovered,
primarily from artisanal workings.

Present in the Tapajos  since 1999, Serabi  has established the  only
'hard rock' mine in the region to date at its Palito gold mine, which
produced 39,197 ounces  of gold equivalent  in 2006 from  underground
mining of high-grade, gold/copper mineralisation.

Serabi has a significant exploration programme focused on the Tapajos
region, owns and operates four surface drilling rigs and has its  own
assay laboratory.

                         Executive Profiles

Chief Executive - Michael Hodgson

Working in the industry for over  20 years, Mr Hodgson has  extensive
international  mining   experience   as  a   senior   executive   and
consultant.   Before  joining  Serabi Mr.  Hodgson  worked  as  Chief
Operating Officer and Vice President Technical Services for  Canadian
based Orvana  Minerals Corporation,  where he  successfully  improved
results at their 80,000  oz p.a. underground gold  mine in Bolivia.
Immediately prior to that he provided consulting services to a number
of  mining  companies  in  Europe   and  South  America.     Previous
appointments  included   various   senior   technical   appointments,
including Manager  Technical Services  and  Operations for  TVX  Gold
Inc.'s base metal operation in Greece, Mining Technical Consultant at
ACA Howe International Ltd. and other similar roles at Rio Tinto  plc
and Zambia Consolidated Copper Mines Ltd.

Originally qualified  in  geology, Mr.  Hodgson  holds a  BSc  (Hons)
Geology from London University and an MSc in Mining Geology from  the
University of Leicester.  Mr. Hodgson is a Fellow of the Institute of
Materials,  Minerals  and  Mining,   a  Chartered  Engineer  of   the
Engineering Council of UK and a "Qualified Person" in accordance with
the Canadian  National  Instrument  43-101  -  Standards  of  Mineral
Disclosure for Mineral Projects.

Executive Director, New Business - Bill Clough

Co-founder of Serabi  Mining, Bill  has been active  in Brazil  since
1999.   He assembled  a  portfolio of  exploration interests  in  the
Tapajos  region  of   northern  Brazil,  which   culminated  in   the
establishment of Serabi Mineraçao Ltda in 2001.

Bill founded and is non-executive Chairman of Brazilian based  nickel
resources company, Mirabela Nickel Limited.  He also has interests in
a number of  other listed and  private international exploration  and
mining  companies,  which  he   was  instrumental  in   establishing,
including Exco  Resources Ltd,  Sallay Malay  Mining Mining  Ltd  and
Albidon Ltd.

Previously Bill worked for his  family's business, Clough Limited,  a
publicly  listed  Australian   based  engineering  and   construction
contractor specializing in  the oil  and gas industry.   Joining  the
company in 1984 as business  development manager, Bill was  appointed
to the board as  non-executive director in 1994 until December 2002.

Bill holds a BSc in Geology and a BCom in Finance from the University
of Western Australia.

Managing Director, Serabi Mineraçao Ltda. - Wanderlan Almeida

Mr. Almeida  has  extensive  experience working  in  the  mining  and
chemical industry in Brazil over the past 28 years, most recently  as
Industrial Director of  the chemical  group, IPC do  Nordeste Ltda.
Prior to IPC Wanderlan  worked for 13-years  at Rio Tinto  Mineraçao,
moving from  Operations Manager  at  the Rio  Paracatu gold  mine  to
Mining Manager  at the  group  head office  and subsequently  at  the
Fortaleza nickel  mine.   Previously he  worked for  7-years for  the
Companhia Siderúrgica Nacional  group as Mine  Planning Engineer  and
Economic Co-ordinator, responsible  for feasibility  studies and  new
investments.

Wanderlan holds  a  BSc in  Mining  Engineering, with  post  graduate
studies in geostatistics from the Universidade Federal de Ouro Preto.

Senior Consultant, Serabi Mineraçao Ltda. - Sérgio Aquino

Co-founder of Serabi Mining with  Bill Clough, Sérgio was  previously
Country  Manager  of  Serabi  Mineraçao  Ltda.    Sérgio  has  worked
extensively in  the  Amazon  and  in  the  Argentinean,  Chilean  and
Bolivian Andes, conducting gold exploration. Previously he worked  as
chief of  diamond  exploration  for  Rio  Tinto  in  Brazil  and  was
exploration manager  for Amazon  gold  exploration for  TVX.   He  is
president of  Itaituba's  Municipality Environmental  Counsel  and  a
Board Member of the Tapajos Gold Miners Association.

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