New Geophysical IP Study identifies further exp...

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

New Geophysical IP Study identifies further exploration potential of the Jardim
                                  do Ouro area


Serabi  Gold  plc  (AIM:SRB,  TSX:SBI  and  SBI.WT),  the Brazilian focused gold
exploration  Company, is pleased to announce  the final processed results of its
recently   completed  2011 'Eastern  Block'  induced  polarization  (IP)  ground
geophysical survey in the Jardim do Ouro project.

Results indicate a number of IP chargeability anomalies coincident with airborne
electromagnetic  (VTEM)  geophysical  anomalies  obtained  in  the  2008 & 2011
surveys.  These VTEM  anomalies were  targeted as  part of the company's ongoing
strategy to develop a pipeline of exploration targets, to complement the ongoing
mine  site exploration programme.  The  IP survey has also  outlined a number of
resistive anomalies which correlate well with the VTEM conductive anomalies, and
represent further areas of geological interest.

Four   anomalies  which  exhibited  both  robust  chargeability  and  coincident
resistivity  have been recorded, with two, (Targets A and B on Figure 1) showing
coincident  anomalies with strong VTEM conductors and also being coincident with
historic  alluvial/drainage  mining  around  the  "Boca  do Rio Novo" garimpeiro
prospect.   These two targets are of particular interest for future exploration,
as  both are chargeable anomalies of relatively higher tenor or exhibit a strike
length   of   greater   than  400 metres  and  also  correlate  with  structural
intersections  of  North-West  trending  structural  lineaments  with  East-West
structural lineaments.

The intersection of structural lineaments is considered important to the control
of  mineralisation in the Jardim do Ouro  district as notably the Palito deposit
and  the Currutela and Piaui prospects occur at or near structural intersections
of   North-West   and   East-West   structures   or  North-West  and  North-East
structures.

Two  further  anomalous  areas  identified  by  the  IP survey were also defined
(Targets  C and D on Figure 1). At target  C, there exists a series of narrow IP
chargeability   anomalies   coincident   with  narrow  resistive  IP  anomalies,
suggesting  a potential stacking of  narrow sulphide bearing structures, similar
to  those existing at  Palito and Currutela.  Target C also  lies along the same
North-West  trending structure from target B and may represent a continuation of
mineralisation along this controlling structure.

At  target  D  a  broad  area  of  weakly  anomalous  chargeability anomalism is
coincident  with an area containing a number of lower priority VTEM conductivity
anomalies.  This area lies South East of  the historic Rio Novo garimpo workings
which were tested by Serabi in 2006 and returned a series of narrow hydrothermal
alteration zones containing anomalous but low gold grades.

Mike Hodgson Commented:

"The  decision to extend our VTEM  programme and subsequent ground geophysics IP
survey  over  the  Eastern  Block  area  has  been more than vindicated by these
results.   We are  most encouraged  by the  tenor of  the two anomalies that lie
towards  the  north  of  the  eastern  block,  as  they exhibit many of the same
characteristics of the Currutela, Piaui and Espeto discoveries, as well as those
of the Palito Gold Deposit itself.

Shallow infill drilling has been ongoing at both the Piaui target and to the
south west of the existing Palito resource towards the Espeto target.  We are
hoping to provide results from these drill programmes shortly."


Please access Figure 1 by clicking on the link below



http://hugin.info/137617/R/1565381/485800.jpg

 Figure 1:  IP Surveys - Palito-Currutela and East Block, showing newly
identified anomalies.







Enquiries:

 Serabi Gold plc

 Michael Hodgson                 Tel: [phone]

 Chief Executive                 Mobile: [phone]



 Clive Line                      Tel: [phone]

 Finance Director                Mobile: [phone]



 Email: [e-mail]

 Website:  www.serabigold.com



 Beaumont Cornish Limited
 Nominated Adviser

 Roland Cornish                  Tel: [phone]

 Michael Cornish                 Tel: [phone]



 Fox Davies Capital Ltd
 UK Broker

 Simon Leathers                  Tel: [phone]

 Jonathan Evans                  Tel: [phone]



 Farm Street Communications
 Public Relations

 Simon Robinson                  Tel: [phone]



 Fig House Communications
 Investor Relations

 Rebecca Greco                   Tel: + 1 416 822 6483



Copies of this release are available from the Company's website at
www.serabigold.com.


Forward-looking statements
This press release contains forward-looking statements. All statements, other
than of historical fact, that address activities, events or developments that
the Company believes, expects or anticipates will or may occur in the future
(including, without limitation, statements regarding the estimation of mineral
resources, exploration results, potential mineralization, potential mineral
resources and mineral reserves) are forward-looking statements. Forward-looking
statements are often identifiable by the use of words such as "anticipate",
"believe", "plan", may", "could", "would", "might" or "will", "estimates",
"expect", "intend", "budget", "scheduled", "forecasts" and similar expressions
or variations (including negative variations) of such words and phrases.
Forward-looking statements are subject to a number of risks and uncertainties,
many of differ materially from those discussed in the forward-looking
statements. Factors that could cause actual results or events to differ
materially from current expectations include, among other things, without
limitation, failure to establish estimated mineral resources, the possibility
that future exploration results will not be consistent with the Company's
expectations, the price of gold and other risks identified in the Company's most
recent annual information form filed with the Canadian securities regulatory
authorities on SEDAR.com. Any forward-looking statement speaks only as of the
date on which it is made and, except as may be required by applicable securities
laws, the Company disclaims any intent or obligation to update any forward-
looking statement.

Qualified Persons Statement

The  information  contained  within  this  announcement  has  been  reviewed and
verified  by Michael Hodgson,  CEO of the  Company.   Mr Hodgson  is an Economic
Geologist by training with over 25 years' experience in the mining industry.  He
holds  a  BSc  (Hons)  Geology,  University  of  London,  a  MSc Mining Geology,
University  of Leicester and is a Fellow of the Institute of Materials, Minerals
and  Mining  and  a  Chartered  Engineer  of  the  Engineering  Council  of  UK,
recognizing him as both a Qualified Person for the purposes of Canadian National
Instrument  43-101 and by the AIM Guidance Note on Mining. Oil and Gas Companies
dated March 2006.



Quality Assurance and Quality Control Procedures Disclosure

The  Company has  implemented and  maintains a  Serabi quality assurance/quality
control  (QA/QC)  protocol  at  its  JDO  Project  as defined in its "NI 43-101
Technical  Report for the Jardim Do Ouro  Project, Para State, Brazil" dated 22
December  2010.  This ensures best industry practice in sampling and analysis of
exploration and resource definition samples.  The insertion of field duplicates,
certified  standards and blank samples  into the sample stream  form part of the
Serabi  procedure (these act as an independent check on contamination, precision
and accuracy in the analytical laboratory).

Assay results are reported once rigorous QAQC procedures have been approved

Neither  the  Toronto  Stock  Exchange,  nor  any  other  securities  regulatory
authority, has approved or disapproved of the contents of this news release.


ENDS



IP Surveys diagram: 


http://hugin.info/137617/R/1565381/485800.jpg




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Source: Serabi Gold plc via Thomson Reuters ONE

[HUG#1565381]